A significant downtown Phoenix office building, 333 North Central Avenue, has been listed for sale, attracting attention in the commercial real estate market. The property, which comprises more than 238,000 square feet across multiple floors, is strategically located near major transit options and the Phoenix Convention Center. The listing comes as the Valley’s office market…
Home sales in Phoenix have experienced a notable slowdown in recent months, with the market seeing a decline in both the number of homes sold and overall buyer activity. High interest rates, coupled with increased home prices, have created affordability challenges for many prospective buyers, which has contributed to a decrease in closed transactions. Despite…
Metro Phoenix home prices have seen a notable decline, marking the first significant drop in several years as the area’s housing market cools. Recent data shows that the region’s median home price has fallen due to a combination of higher mortgage rates, increased housing inventory, and a general slowdown in buyer demand. This downward trend…
Sprouts Farmers Market reported strong second-quarter earnings, with net sales rising 6% year over year to $1.7 billion. The fresh-focused grocer attributes its growth to an ongoing expansion plan and investments in its supply chain, including a move toward self-distribution, which is expected to boost efficiency and product availability in its stores. The company also…
Two JCPenney stores in Arizona have been sold as part of an ongoing downsizing of the retailer’s real estate holdings. The properties, located in Tucson and Tempe, were acquired by Red Mountain Group, a real estate investment company, for a combined $46 million. The sales are part of JCPenney’s efforts to optimize its store footprint…
An impressive Oregon estate featuring its own private airplane hangar recently sold for $5.4 million—roughly half its original $10 million asking price. This luxurious property, located on 45 acres near the town of Sisters, comes with a nearly 7,000-square-foot main house that was completed in 2007. The home boasts top-tier amenities such as a gourmet…
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Dominion Group Properties has announced an expansion of their real estate services, now reaching additional locations across the North Valley. With a focus on providing tailored solutions for homebuyers, sellers, and investors, Dominion Group aims to meet the evolving needs of clients in a rapidly growing region. The company brings years of industry experience and…
Longtime Arizona lawmaker Rusty Bowers has taken center stage as the state grapples with shrinking water supplies, playing a crucial role in shaping the debate over how to manage growth amid ongoing drought. As more people flock to Arizona, the state’s finite water resources are under increasing strain, forcing lawmakers and developers to consider stricter…
The U.S. housing market is sending new warning signs as pending home sales recently plummeted to their lowest point in over 30 years, according to the National Association of Realtors. High mortgage rates, which have hovered around 7% since spring, combined with rising home prices and a tight housing inventory, have significantly cooled buyer demand….