The Heard Building in Phoenix faces foreclosure with a scheduled auction, amid a market struggling from the pandemic's effects on office space demand.

A Paradise Valley hilltop estate sold for $12 million, featuring expansive views, luxury amenities, and a history of price reductions from an original $22.5 million listing.

The Phoenix apartment market, with a near 10% vacancy rate, sees cautious optimism among investors despite rent drops and high interest rates, amid population growth and economic indicators.