[Source: Jahna Berry, Arizona Republic, July 10, 2008] — The Hyatt Regency Phoenix, a 696-room fixture in the city skyline, was sold to California real estate investment firm for $96 million, the parties announced on Wednesday. The hotel’s owner, Strategic Hotels & Resorts, Inc. sold the property to DiNapoli Capital Partners in Los Angeles. “This [...]
[Source: Jahna Berry, Arizona Republic, July 2, 2008] — Today, Phoenix is expected to take an important step toward bringing more shade, better-looking buildings and pedestrian-friendly spots to downtown. The City Council will likely approve today a key part of that sweeping effort, which is called the Urban Form project. The final part could go [...]
[Source: Jahna Berry and Andrew Johnson, Arizona Republic, June 25, 2008] – The financial storm brewing around Mortgages Ltd. has touched two key downtown Phoenix projects, a blow to ongoing efforts to reinvigorate the city’s heart. There is no more loan money to fund construction and renovation work for Hotel Monroe, a high-profile luxury project, [...]
[Source: Jahna Berry, Arizona Republic, June 20, 2008] — Workers are finishing a signature building on Arizona State University’s downtown Phoenix campus. The $71 million future home for the journalism school and Channel 8 is a bronze building with crisp lines, loft-like spaces and cutting-edge classroom details, said Richard Stanley, a senior vice president and [...]
[Source: Jahna Berry, Arizona Republic, June 18, 2008] — A Phoenix business group plans to stop using the name Copper Square that has branded a 90-block downtown retail-and-office district for eight years. The Downtown Phoenix Partnership is working with Scottsdale’s SHR Perceptual Management on a name that will highlight downtown Phoenix as “Arizona’s cosmopolitan heart,” [...]
[Source: Jahna Berry, Arizona Republic] — When Phoenix’s Parks and Recreation Department cut $15.5 million, it was only a matter of time before downtown parks began to feel the pain. Among the laundry list of cuts was the $288,000 private security contract for six Phoenix parks, including Margaret T. Hance Park at 1134 N. Central [...]
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