Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced that it advised Rockpoint and The Related Group (Related) on the sale of Town Deer Valley, a 388-unit multifamily asset in Phoenix, Arizona. The property sold for $131.1 million, which represents $337,887 per unit. “Town Deer Valley is perfectly positioned to capitalize on the … [More]
Prep Academy Reimagines High School with First-of-Its-Kind Hybrid Program
A revolutionary high school experience that puts students in control of their own learning is coming to Tempe, Arizona. ASU Prep Tempe powered by The Levitt Lab, prioritizes purpose over grades, passion over pressure and progress over conformity. Located in the heart of ASU’s Tempe campus, the tuition-free public school is now enrolling students in grades 9-12 for fall … [More]
Phoenix Children’s Reaches New Multi-Year Agreement with Blue Cross Blue Shield of Arizona
Phoenix Children’s announced it has reached a new, multi-year agreement with Blue Cross Blue Shield of Arizona, ensuring patient families with Blue Cross Blue Shield insurance coverage can receive the care they need at in-network benefit levels. “We recognize this has been a difficult time for families navigating out-of-network coverage options. … [More]
Salt River Bridge Lighting Enhancement to Bring New Landmark to South Central Extension/Downtown
The Salt River Bridge will soon become an illuminated gateway between downtown and south Phoenix, as the South Central Extension/Downtown Hub (SCE/DH) light rail project continues to make investments in this corridor. This lighting feature, being added to the bridge this spring, will create an important, visual connection between these two communities and help welcome residents … [More]
17% of Homeowners with Mortgages Have an Interest Rate of at Least 6%, the Highest Share in Nearly a Decade
Nationwide, 17.2% of U.S. homeowners with mortgages have an interest rate greater than or equal to 6%, the highest share since 2016, according to a new report from Redfin, the technology-powered real estate brokerage. That’s up nearly five percentage points from 12.3% in the third quarter of 2023. If this growth rate were to continue, which is feasible, the share of homeowners … [More]
Film Production Projects in Greater Phoenix Generated $29.1M in Economic Impact in 2024
Film production in the Greater Phoenix area generated an impressive $29.1 million in economic output during the 2024 calendar year, as highlighted in the City of Phoenix Film Office's latest Economic Impact Report that was released this week. The report takes into account all aspects of film production, and includes expenditures on local goods and services. The 2024 … [More]
San Francisco Women-Owned Investment Firm Acquires 71-Unit Multifamily Asset in Phoenix
Goodegg Investments, an award-winning women-founded and women-led commercial real estate investment firm in San Francisco, California, is pleased to announce the acquisition of North Edge Apartments – a 71-unit class B apartment community in Phoenix, Arizona. "North Edge is a phenomenal mid-sized asset in the hidden gem Youngtown submarket within the Phoenix … [More]
Semiconductor Packaging Co. to Formalizes Collaboration with ASU
LQDX Inc., developer of high-performance materials and process IP for advanced semiconductor packaging, announced that it has signed a formal agreement with Arizona State University (ASU) to further its partnership which began in 2024, focused on advanced IC-substrates, Fan Out Wafer Level Packaging (FOWLP) and glass core metallization, as enabled by its Liquid Metal Ink (LMI®) … [More]
Arizona Guest Home Builder Expands Business Model to Include Full Size Homes
Arizona home builder Minimal Living Concepts was founded in 2021 with the goal of creating the world’s most seamless path to buying new construction online. Co-founders Zander Diamont and Jared Amzallag started with a line of backyard guest homes— also known as casitas or accessory dwelling units (ADUs), and now, after building over 100 guest homes, they are expanding their … [More]
Credit Union Donates Record $2.25M to Phoenix Children’s School
Desert Financial Foundation and Desert Financial Credit Union announced a record-breaking $2.25 million donation to the 1 Darn Cool School at Phoenix Children’s. The fully accredited K-12 school, staffed by seven full-time master’s level teachers, provides children hospitalized for five days or more with bedside education to ensure they stay on track academically, while facing … [More]
