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.

The Arizona Department of Housing has indefinitely suspended its program for workforce housing funds, leaving developers uncertain about future projects.

Five Arizona suburbs rank among the 50 most affordable, with home values below $500,000 and significant population growth, despite concerns about water scarcity.

Canadians are Arizona's largest group of foreign real estate buyers, with $5.9 billion in U.S. investments. Despite a drop in overall foreign purchases, trade and flight demand between Canada and Arizona are strong.

Maricopa County Air Quality Department received a $15 million federal grant for electric vehicle infrastructure, focusing on charging stations to promote sustainable transportation and improve air quality.

The Cannon Beach project in Mesa is nearing completion, with new attractions and retail options announced, including a surf park, hotels, and various entertainment venues set for soft openings.

Two new luxury real estate projects, The Luxe at Desert Ridge and Ray Phoenix, have begun construction in Phoenix, offering upscale living spaces and amenities.

The Mesa City Council approved two major data center projects, set to transform the southeastern Mesa landscape and bolster the region's technology sector.

The City of Mesa Office of Economic Development received the 2024 IEDC Gold Award for its successful Mesa Business Builder Program, supporting small businesses and entrepreneurship.

The Edith hotel, a $140 million high-rise, is expected to begin development in Downtown Phoenix this fall, bringing 236 rooms and amenities like a rooftop bar and pool.

Metro Phoenix has achieved a balanced housing market for the first time since 2014, with variations between different cities. Nationwide, Zillow reports a shift to more buyer-friendly conditions in July, reflecting a cooling market trend.