News
Buckeye could get nearly 1,000 new apartments near Verrado
Over 900 new apartments may be developed in the rapidly growing area in Buckeye near the Verrado master planned community after a rezoning ruling by City Council.
Construction costs are an X-factor in real estate. Tariffs are entering the equation.
New tariffs — and uncertainty around trade policy — are already pushing up the cost of key materials used in construction projects.
Home ownership picks up steam in East Valley cities, analysis shows
Although obstacles to home ownership remain, such as affordability issues and higher interest rates, four Arizona cities are bucking the trend, according to an analysis of Census data.
World-renowned architect makes Arizona debut with luxury condos
Seattle-based Olson Kundig is making its Arizona debut with a luxury condo project at the base of Camelback Mountain, where a penthouse suite is priced at over $10 million.
A growing force is emerging in homebuying. Here's how the market has shifted.
The demographics of the nation's homebuyers have shifted. It's heavily shaping what the market of available houses looks like.
Project plans submitted for $1 billion redevelopment of former CrackerJax site in Scottsdale
Plans to redevelop the site of the former CrackerJax amusement park have finally been submitted and give the most complete picture yet of the overall scope of the mixed-use project.
How demographic changes are reshaping the for-sale housing market
Minority homeownership rates are rising, but obstacles remain for many Black and Hispanic households to break into the housing market.
Phoenix estate with 116-foot water slide, secret tasting room lists for $9.75 million
This fully furnished listing includes a secret wine tasting room and a 116-foot water slide that plunges into an underground pool grotto and enough solar power to live off the grid for a month. And it's not in Paradise Valley or Scottsdale.
Homebuilders buy 600 lots at Peoria master-planned community
Two of the nation's largest builders have closed on the first lots at a 5,300-acre West Valley master-planned community. Plus, a luxury homebuilder is under contract for a smaller development in a secluded enclave within the community.
Redfin CEO explains why he pursued $1.75B sale to Rocket
Days after the acquisition was announced, Redfin CEO Glenn Kelman told the Business Journal why it happened and what's next for the Seattle-based company.
International migration propels Maricopa County as a growth leader in 2024, census figures show
New population estimates released by the U.S. Census Bureau revealed that Maricopa County was one of the three fastest-growing U.S. counties between July 2023 and July 2024. Pinal County to the south also saw big gains.
HonorHealth to open hybrid care facility; plus 4 more Valley deals to know
A 12,055-square-foot facility in the northwest Valley will be leased by Scottsdale-based HonorHealth for its Complete Care hybrid concept. Plus, our weekly roundup of real estate deals includes office and housing transactions and more.
Freeport-McMoRan chairman lists Paradise Valley home — again
The chairman of Freeport McMoRan has - yet again – listed his Paradise Valley estate on Mummy Mountain. While it didn't sell in 2023, the price has inched up to nearly $7 million.
Valley businesses navigate uncertainty over tariff, trade tumult
Some key Valley business players say they feel equipped to handle the Trump administration's tariff tumult. Phoenix homebuilders are prepared for effects from tariffs later this year.
Redfin to be acquired by mortgage heavyweight in $1.75 billion deal
The acquisition brings one the region's most high-profile names in real estate under the wing of an out-of-town parent company.
Newly built mansion in Scottsdale's exclusive Horseshoe Canyon lists for $25 million
Construction has finished on a 12,000-square-foot modern Mediterranean estate within the exclusive Horseshoe Canyon of Silverleaf. Check out photos inside and outside of the property, listed at $25 million
SmartRent restructures sales team, pivots to ‘sustainable business model’
SmartRent initiated a ‘significant restructuring’ of its sales team as the Scottsdale real estate tech firm pivots its business model to focus on its position as a software-as-a-service company.
Homebuyers face a surge of challenges. These cities are defying the odds.
Generational battles, elevated interest rates and the lock-in effect are just a few of the factors weighing on homebuyers.
West-MEC starts work on largest training campus; plus 7 more Valley deals to know
Career technical education provider Western Maricopa Education Center has broken ground on its Southeast Campus in Glendale, which will be its biggest yet. Plus, our weekly roundup of real estate deals includes retail center transactions, several apartment openings and more.
Northern Arizona mayors push for local control over short-term rentals
PRESCOTT – Some mayors in northern Arizona attribute a host of problems affecting their cities to a 2016 law preventing them from regulating short-term rentals.
They are asking state legislators to return local control to cities so they can create rules that suit their individual needs. The law, signed by Gov. Doug Ducey, stripped Arizona municipalities of the power to prohibit vacation rentals.
At a forum in February, mayors from several northern Arizona counties discussed the impact of short-term…
