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Tucson Rejects Proposal for 290-Acre Data Center

Tucson Rejects Proposal for 290-Acre Data Center

by Phil Hall | Aug 8, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The City Council of Tucson, Arizona, has unanimously voted to reject the proposed construction of a 290-acre data center complex. The Arizona Republic reports the land for the proposed Project Blue data center in Pima County, located south of Tucson, was sold to...
Arizona’s JBRE & Co. Joins The Real Brokerage

Arizona’s JBRE & Co. Joins The Real Brokerage

by Phil Hall | Jul 30, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX), that the JBRE & Co. real estate team in Northern Arizona has joined the company. Founded in 2017 and led by Justin Bemis, the nine-agent team serves Flagstaff, Sedona and Prescott and is on track to exceed $100 million in...
Neighborhood Ventures Completes Fourth Distressed-Asset Purchase

Neighborhood Ventures Completes Fourth Distressed-Asset Purchase

by Phil Hall | Jul 24, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Neighborhood Ventures, an Arizona-based real estate crowdfunding company, has announced the launch of Venture on Maryland, a 78‑unit multifamily community in Central Phoenix, into its Arizona Multifamily Opportunistic Fund. The property was acquired through a...
FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants

FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants

by Phil Hall | Jul 10, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is allocating $49.7 million in Affordable Housing Program (AHP) grants from its General Fund and Nevada Targeted Fund to support 31 developments across Arizona, California, and Nevada that will result...
Father-Son Duo Plead Guilty to Fraud in Bond Offerings Tied to Sports Complex

Father-Son Duo Plead Guilty to Fraud in Bond Offerings Tied to Sports Complex

by Phil Hall | May 30, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A father and son team pleaded guilty to securities fraud and aggravated identity theft in connection with their scheme to defraud investors of more than $280 million in two municipal bond offerings tied to the construction of the 320-acre Legacy Park sports complex in...
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