LA multifamily investor attracts financing partner to Phoenix market
California multifamily investors to purchase property on Mill Avenue in Tempe.
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Mortgage Rates Keep Falling to Record Lows—So Is Now a Good Time to Refinance?
The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean now is a good time to refinance for everyone. When rates hit their first record low of the year back in March, it triggered a deluge of refinancing activity just as many lenders were transitioning to remote work environments … Read more
Westcore buys 164K-SF Chandler industrial property for $38M
Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired a 164,486-square-foot, Class A industrial warehouse on 16.5 acres of land in Chandler, Arizona for $38 million. Located at 2550 North Nevada Street, the warehouse is fully leased to a leading global e-commerce company.
Epoch Residential sells 292-unit Capital Place in Phoenix
JLL Capital Markets announced today that it has completed the sale and financing of Capital Place apartments located at 11 S. 12th St. in Phoenix, Arizona. Capital Place was built in 2016 and contains 292 multi-housing units within two five-story buildings. A high-demand apartment community, resident amenities include a resort-style swimming pool, state-of-the-art fitness center, clubhouse, spa, access … Read more
Tucson homeowners outraged over trash bill
KGUN 9 received a ton of emails from homeowners in the Star Valley Master Community who say they were being taken advantage of by their trash company Waste Management.
Long Realty Honors Veteran REALTORS® Business awards in Southern Arizona
Long Realty honored two of its veteran pros with annual awards for lifetime achievement and community service at a company-wide virtual meeting. The Barrington L. Long Lifetime Achievement Award for 2020 went to Jerome King, an associate broker with Long’s River/Campbell office. Winning 2020’s Samuel H. Woods Community Service Award was Ron Sable, a sales … Read more
City Council OKs big NE Mesa housing project
By Jim Walsh, Tribune Staff Writer With opponents bemoaning the loss of pristine desert to the end, Mesa City Council last week unanimously approved zoning for Blandford Homes’ Reserve at Red Rock resort-style subdivision. Beyond the oft-stated concerns about airport noise and residential encroachment on Falcon Field, a 17-acre buffer sliced from the 132-acre site … Read more
DR Horton Buys Pre-Platted Land in Marana for New Subdivision
DR Horton purchased 17.4 acres on Tortolita Road, north of Moore Road, in for $900,000. The property was rezoned for 8,000-square-foot lots by the buyer and buyer intends to plat it for up to 34-lots. The property is located directly north of Tortolita Reserve, a Lennar Homes community that began in 2013. Located on the … Read more
The Palmeraie on track to open 1st phase of $2 billion megadevelopment
The first phase of the $2 billion megadevelopment, The Palmeraie, is entering the home-stretch of completion and in the last three months, owner and developer Five Star Development has pivoted in order to proactively adjust, reconfigure and elevate certain elements of the project to better cater to the safety, health and wellness of future guests, shoppers, … Read more
Tempe Council to consider Blue at Eastline Village
According to Gammage and Burnham: Eastline Village, a multi-phased, mixed-use urban development, represents a rareopportunity to redevelop several small parcels assembled over more than a decade and to create aunique project that will make a substantial statement along both sides of the Apache Boulevardlight rail corridor. As planned and envisioned for years by policy makers, … Read more