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01/27/07
Vacancy rate high in W. Valley offices
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:08 pm

Nearly a third of the office space in the West Valley remained vacant at the end of 2006, according to a study by Cushman & Wakefield of Arizona. But that lofty figure likely had to do with the fact that more than 400,000 square feet of office space was built in the West Valley last year, boosting the overall inventory of the region by about 40 percent.  More…

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Parkhouse project in Foothills on hold
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:05 pm

Plans for a development in Ahwatukee Foothills designed to include retail, residential and commercial uses appear stalled, and its owner has been sued for unpaid legal fees. Builders have yet to break ground for Parkhouse 50, a 36-acre development planned for 50th Street and Chandler Boulevard. Property owners recently have talked about selling the site, or part of it, to an Ahwatukee doctor and his Denver-based developer for a new hospital.  More…

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McCune Mansion for sale for $25 million
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:02 pm

One of the Valley’s largest homes - the 52,000-square-foot McCune Mansion in Paradise Valley - is on the market for $25 million. The family of the late George “Geordie” Hormel is selling the hilltop compound on 6 acres south of Lincoln Drive at 40th StreetMore…

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