News
Real estate commissions were expected to fall after a landmark settlement. A surprise has emerged.
Real estate agents are feeling a different kind of squeeze.
Florida construction giant acquires Phoenix roofing company
TopBuild Corp. acquires Progressive Roofing for $810M, boosting its presence in commercial roofing.
Cash-rich Phoenix builder to pay $190 million for Texas competitor
A Phoenix homebuilder that quietly has been expanding nationwide is looking to pay $190 million in cash to buy a Texas competitor.
Ritz-Carlton Paradise Valley condo hits market at $6.95M, boasts rare private pool
A newly built condominium with its own pool is listed for $6.95 million within The Ritz-Carlton Residences in Paradise Valley. A Kansas City sports team owner is selling it before ever moving in.
Scottsdale's Tower Capital shuts down, founders join other real estate firms
The closure of a prominent Scottsdale-based firm has sent ripples through the Arizona real estate industry. Here's where key team members have landed.
Home mortgage delinquencies rise nationwide, including in Arizona
While Arizona has managed to stay off the list of states with the highest mortgage delinquency rates, experts warn that certain groups of homeowners in the state may be facing increasing financial pressure.
Spec home with secret passage door sells for record $7M in Flagstaff
Check out photos of this mountain home with a secret room that set a price record in Flagstaff. The developer is building seven more of these luxury spec homes in that area.
Coolidge, Queen Queek help pace Arizona to 5.9% growth over four years
The latest U.S. Census population estimates show Arizona as the 14th largest state in the country – with a handful of Valley cities surging ahead in gains compared to others.
The National Observer: Real Estate: Office vacancy continues to rise nationally
The national office-vacancy rate hit a new record high in the second quarter.
Construction begins on $92M dual-branded Marriott hotel at CityNorth; plus more Valley deals to know
A major hotel project is taking shape in north Phoenix, bringing to life a key component of the long-planned CityNorth development. Plus, our weekly roundup of real estate deals includes a new industrial player in the Valley, Harkins' new entertainment concept, a gym, a burger joint and more.
Phoenix home sellers' profits dip, but fare better than many markets
Phoenix homeowners are still seeing healthy profits from selling their houses, but the margins aren't quite as high as they were a year ago. Find out how the Valley compares to other major metros across the country.
Andrew the Homebuyer cash home buyer expands to fifth state
This Chandler-based real estate investment firm has gone from buying up homes in Arizona to multiple states nationwide. Here's what's next for Andrew the Homebuyer.
Scottsdale penthouse suite with sunset, mountain views lists for $2.8M
See photos of a Scottsdale penthouse suite with unobstructed sunset and mountain views that hit the market at a time when some homeowners are downsizing and looking for the lock-and-leave condo lifestyle.
Developer buys prime Paradise Valley land, aims to build $25M luxury estate
A coveted Paradise Valley property with unobstructed views of Camelback Mountain has changed hands. The new owner intends to build a mansion on the lot with a $25M price tag.
Scottsdale's Cullum Homes doubles home closing value, tops custom builder rankings
The latest Business Journal ranking of the Valley's top custom home builders has a new No. 1, with some companies seeing big gains, or drops, in the rankings.
Sprawling Valley mansion with a million-dollar closet sells for $15 million
A tech entrepreneur has sold his massive Paradise Valley mansion that boasts a million-dollar closet. Check out photos inside and outside the sprawling property.
Bang for the Buck: Arizona's public companies under the microscope
Arizona public companies show strong growth, with Axon topping the list at 33.4% revenue increase. Dive into all of the data with the Business Journals' Bang for the Buck analysis of CEO pay and more.
The National Observer: Real Estate: Lenders, borrowers face tough decisions on CRE debt
More than five years after the Covid-19 pandemic, billions of commercial real estate debt backed by vacant or obsolete office properties remains distressed or delinquent.
Scottsdale apartment community, medical building change hands; plus more Valley deals to know
A Scottsdale apartment complex has changed hands for a nine-figure sum, with the new owner planning substantial renovations. Plus, our weekly roundup of Valley deals includes a California-based renewable energy firm acquiring a Mesa company, a medical building sale and more.
Valley families need hefty raise to afford median-priced home, Zillow reports
A new Zillow report reveals just how much more Valley families need to earn to afford a typical home, and the dollar amount is higher than the national average.
