Month: October 2020

Sales Transactions  1. Western Wealth Capital acquired Onnix Apartments, a 659-unit multifamily property at 1500 E. Broadway Road, Tempe, for $117.5M. The…

By Tasha Anderson for AZBEX  Arizona’s seasonally adjusted unemployment rate increased to 6.7 percent in September 2020, from August 2020, according to the latest report published by the Arizona Office of Economic Opportunity.   The national rate decreased to 7.9 percent…

Budget, Policy & Stimulus News  SBA Makes Some Smaller Loan Forgiveness Easier  The Small Business Administration released a streamlined Paycheck Protection Program loan forgiveness…

By Cecilia Chan for Gilbert Sun News  A developer wants to build a gated 207-unit townhome community at the SWC of Lindsay and…

Source: JLL  Despite a sluggish first half of 2020, the Phoenix office market showed signs of growth during the third quarter,…

Groundbreakings  1. Sundt Construction, Inc. recently started expanding the campus of Royal Oaks, a Sun City retirement community. Sundt will help shape…

By Tasha Anderson for AZBEX  A new Class A multifamily development is being proposed for an 11.01-acre site at Black Canyon…

Budget, Policy & Stimulus News  Tempe Launches $1.1M Small Business Grant Program  The City of Tempe has allocated $1.1M to create the Tempe Small…

By Joe Dyton for The Broker List  Mall owner Simon Property Group and Amazon are in talks to turn J.C. Penney and Sears stores into distribution centers, according to The Wall Street Journal.…

By Peter Aleshire for Payson Roundup  Gila County is seeking a bond issue to pay off a $15.6M debt to the state…