A 248-unit mid-rise apartment complex in Gilbert has traded hands in an $80 million transaction.Atlanta-based Wood Partners sold Alta Cooley Station, located at 2550 S Recker Road, to a private individual based in California, according to a Dec. 26 announcement. Wood Partners was represented in the transaction by Steve Gebing and Cliff David of Institutional…
Flower Child, now owned by the Cheesecake Factory, specializes in salads and grain bowls and healthy … [+] food. Pictured is its Gilbert, Arizona location.Courtesy of Flower ChildSam Fox who launched Fox Restaurant Concepts has been an innovator and disrupter who once launched 15 independent eateries. Never one to duplicate himself, one of his eateries…
The Hispanic middle class has grown faster than the white or Black middle class in the past decade and has reached near-parity with the white middle class in seven states, including Arizona, according to a new Stateline analysis.Between 2012 and 2022, the percentage of Hispanic households in the country that qualified as middle class grew…
Recently, the Arizona Department of Environmental Quality released a proposed roadmap outlining plans to convert treated wastewater into purified drinking water.“Advanced water purification has the potential to provide a reliable source of purified water that can alleviate water scarcity issues faced in much of Arizona,” said Randall Matas, deputy director of the water quality division…
Let’s be honest: Even after the shopping marathon that was the past few months, you’re not exactly done shopping. Especially when it comes to picking up something new for you. Luckily, Target just dropped a ton of new after-Christmas markdowns, including 41% off a Shark air fryer, a robot vacuum for less than $200, and…
Arizona’s 100-year water supply requirement came into sharp focus this year when Gov. Katie Hobbs announced news of a potential shortfall.It came up again recently when state Senate President Warren Petersen publicly discussed why the requirement is 100 years and not some other number.Petersen, R-Gilbert, said the number is arbitrary during a meeting about the…
Challenges in the debt market had a significant impact on office trades in Phoenix.Charlie von Arentschildt, first vice president of CBRE Group Inc.’s Capital Markets and Institutional Properties, said the volume of office sales was down about 70% this year from 2022.”The buildings that are particularly hard to get financing for are those that aren’t…
An “abnormally tiny” bear cub is stumping wildlife experts at a park in Arizona.Buddy the bear cub was rescued from a neighborhood in Tucson, and Bearizona Wildlife Park took the little guy in, according to a Dec. 19 news release posted to the park’s social media pages.Experts assume Buddy is almost a year old, since…
A pair of companies with national reach are downsizing their operations in the Valley, affecting more than 200 jobs.Autonomous vehicle company Cruise LLC and logistics firm SPS Ventures each submitted a Worker Adjustment and Retraining Notification, or WARN filing, to the state of Arizona, indicating plans to lay off 110 and 93 employees, respectively. San Francisco-based…
Earlier this year, Frank Lloyd Wright’s final residential design, known as the Norman Lykes House, hit the market for a cool $8.9 million. The Circular Sun House, as it’s also known, was initially put up for sale in 2020 for $7.95 million, but now, the renowned architect’s last-ever creation is taking a fractional ownership approach and offering six people…