Urban Renewal

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Multi-Family Land Transaction on “Washington Street Corridor” Sells for $5.056 M

PHOENIX, ARIZONA — The “Washington Street Corridor” in Phoenix and Tempe continues to experience revitalization and significant new development.  This new infill development corridor uniquely combines the joint resources of the cities of Phoenix and Tempe. Major developments include The Grand at Papago Park Center, a new 56-acre mixed-use development located at the southwest corner of […]

Multi-Family Land Transaction on “Washington Street Corridor” Sells for $5.056 M Read More »

Foothills Mall Urban Renewal Plans Heading to Pima County P&Z for Approval

TUCSON, ARIZONA — As we reported back in December 2016, when Tucson-based, Bourn Companies (Don Bourn, manager) and its affiliate, FHM Partners, LLC announced the acquisition of the Foothills Mall from Columbus-based Schottenstein Property Group, Inc. (SPG), the property was in need of a redesign to a more Lifestyle Center. Originally developed in 1981, Bourn

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Plaza Centro in Downtown Tucson Sells for $8.7 Million

The mixed-use, Plaza Centro, at the heart of Downtown Tucson’s revitalization was sold to Crow Holdings of Dallas, Texas (Daniel Feeney, VP) for $8.7 million ($367 PSF). Located at the core of the heartbeat of downtown, 4th Avenue and Congress Street is the entertainment, dining and nightlife epicenter. The property’s 23,734-square-feet total consists of 19,067-square-feet

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