Newsroom By Scott Gaertner Without a doubt, the most common question I get these days is: “Why is the market so hot in the middle of a pandemic?” With the help of Mike Orr and The Cromford Report, I will give you some thoughts on this. Housing Opportunity IndexThe Housing Opportunity Index (HOI) for a given … Read more
REAL ESTATE | yesterday | AZ BUSINESS MAGAZINE Union Park at Norterra’s master developer, Sunbelt Holdings, and landowner, USAA Real Estate have begun construction on the second phase of single-family residential and will add a new rental home neighborhood within the 400-acre master planned community. The community’s Phase 2 expansion includes 224 single-family homes by Ashton Woods … Read more
The Related Group, an international developer known for its sophisticated metropolitan ‘for-sale’ condominiums, rental and mixed-use projects, announced the groundbreaking of their first multi-family project in Arizona called The Manor Scottsdale. Located at 13220 N. Scottsdale Rd. in Scottsdale, Ariz., the 286-unit upscale multi-family residential apartment homes will be conveniently situated between Scottsdale Quarter and Kierland areas … Read more
BRE announced the sale of the 300-unit Class A multifamily community Riata to EPI LP for $91 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter, Matt Pesch, and Mark McFate of Phoenix Multifamily Institutional Properties represented the seller, San Antonio, Texas-based real estate developer Embrey Partners. Martin Cohan of Marcus and Millichap and Cliff David of IPA represented the buyer. Built … Read more
Adrian Skabelund Flagstaff City Council gave final approval on several new and stricter regulations on large student-focused housing developments within Flagstaff, but not before carving out an exemption for affordable housing. The exemptions would mean large developments that normally would be designated as high-occupancy housing and thus go through a higher-than-normal review process could be built with … Read more
By Mike Sunnucks | Rose Law Group Reporter Revised plans have been submitted in Scottsdale for a proposed 55 and over community and senior health care development at 90th Street and San Victor. Development plans call for a 102-bed, 152,300-square-foot building on the 2.5-acre site. The property is currently a mostly vacant commercial building that will be demolished. Denver-based 55 Resort Management Corp. first submitted plans for … Read more
Jeff Gardner, Inside Tucson Business You’d be hard-pressed to find an aspect of Tucson that entrepreneur Fletcher McCusker hasn’t influenced in some way. Whether it’s local restaurants, hotels, music, healthcare, business, education or radio, the University of Arizona alumnus has worked with all of them. It’s for this reason McCusker is being awarded the Inside … Read more
We’ve all heard the saying, “No news is good news,” right? Well, not necessarily in the real estate process. While not hearing anything could be deemed as everything is moving along smoothly, it could also mean there are critical dates and deadlines being missed. There should be one person at the helm of the entire … Read more
Porter Kyle, a Scottsdale-based developer well known for creating high-end residential communities, is planning a new townhome community across from the popular Park West mixed-use development in Peoria. The project, known as The Prescott at Park West, will sit on a vacant 5.4-acre property at 8128 North 99th Avenue. The site is currently zoned C-2 Intermediate Commercial. … Read more
By Dayv Morgan In today’s seller’s market, homebuyers face a real challenge. They are competing with many others for existing homes, facing higher and higher bids and are often on the wrong side of negotiations. Homes are selling within days of being listed, leaving buyers exhausted and frustrated. That is driving more homebuyers to new … Read more