Valley Real Estate News

Dec. 10, 2021

Metrocenter Mall is getting a $750 million makeover

Metrocenter Mall is getting a $750 million makeover

One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition to the city’s core. Concord Wilshire Capital (“CWC”) and TLG Investment Partners announced today that they …
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Nov. 10, 2021

$70 million private jet service facility planned for Phoenix-Mesa Gateway Airport

 

Gulfstream Aerospace Corp., one of the world’s leading private jet manufacturers, has chosen Mesa as a destination to build its West Coast maintenance, repair, and overhaul facility. The company, which is owned by General Dynamics Corp. (NYSE: GD), announced Tuesday morning that it would investing $70 million into …

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Nov. 2, 2021

New developer of luxury single family rental homes has plans to build 1,100 Valley units

 

 

Steve La Terra, a former real estate analyst, has officially launched TerraLane Communities with plans to build more than 1,100 upscale luxury single-family rental homes in metro Phoenix within the next two years.

 

With $250 million in assets already under development for …

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Oct. 26, 2021

Estrella master-planned community sold to heavy-hitting joint venture

A heavy-hitting team has paid $215.5 million for the 20,000-acre Estrella master-planned community in Goodyear, making it the second largest transaction in the West Valley within the past week. This deal, which closed Oct. 21, follows Howard Hughes Corp.'s $600 million purchase of the 37,000-acre Douglas Ranch in Buckeye.

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Oct. 21, 2021

Howard Hughes Corp. pays $600M for Douglas Ranch in Buckeye

 

 

The Howard Hughes Corp. (NYSE:HHC) has plopped down $600 million

for the proposed 37,000-acre Douglas Ranch master-planned community in

Buckeye.

 

The proposed development — 35 miles from downtown Phoenix on the

west side of the White Tank Mountains — is …

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Oct. 6, 2021

The path of progress: Builders pave the way for 270 square miles of development in far East Valley

When a pair of homebuilders plopped down $245.5 million as the winning bidder for 2,783 acres of state land in November, the stage was set for the development of yet another chunk of the far East Valley.

That's because the Arizona State Land Department crafted the bid so that …

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Sept. 17, 2021

The Kay-Grant Group's Julie Jarmiolowski Earns Guild Recognition!

 

Julie Jarmiolowski earns Guild recognition from the Institute for Luxury Home Marketing!

In December 2019, our very own Julie Jarmiolowski received her Luxury Home Marketing Certification from the Institute for Luxury Home Marketing. Less than two years later, she has closed multiple transactions with a sold …

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Sept. 10, 2021

CapRock Partners launches largest spec industrial complex in history of Phoenix

This article originally appeared on September 10, 2021 on asbigmedia.com

 

CapRock Partners, a leading industrial investor, developer and asset manager in the Western U.S., today announced the development commencement of CapRock West 202 Logistics, the largest speculative industrial real estate project in the history of the City …

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Aug. 13, 2021

Facebook will build $800 million data center in Mesa

This post was originally published by AZ Big Media on August 13th, 2021.

 

Facebook announced plans today to build the Facebook Mesa Data Center, a 960,000 square-foot facility that will be the company’s first data center in Arizona. Along with a projected $800 million investment, the project …

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June 24, 2021

The Big Short vs The Big Squeeze

 

An in-depth look at two housing bubbles and why they are different 

If the phrase “The Big Short '' sounds familiar, it is the title of an excellent movie made in 2015 which highlights four different entities who end up profiting from the 2007-2008 subprime mortgage …

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