New $28M community for veterans, seniors coming to Phoenix; plus 9 more Valley real estate deals

Philadelphia-based Pennrose LLC is making its Phoenix debut with the construction of a 60-unit apartment community for low-income seniors and military veterans.The 58,000-square-foot apartment community is being built at 1510 E. Portland St. in partnership with Butler Housing and CBC Financial Corp.Total development costs are expected to be around $28.2 million. Financing was provided by…

Read More

Bally Sports indicates it plans to drop Cincinnati Reds, other sports TV broadcasts after next season

The Cincinnati Reds could be looking for a new TV broadcaster after the 2024 season.The parent company of Bally Sports Ohio, which carries local Reds telecasts, indicated it plans to drop its regional sports contracts after fulfilling them in 2024, Diamond Sports Group said in federal bankruptcy court in Texas.Diamond filed for bankruptcy in March,…

Read More