Newsroom Homeowners can increase the value and improve curb appeal of their home with “simple” upgrades. “Realtors® and homeowners alike recognize the value of taking on a major home remodeling project,” said NAR President John Smaby, a second-generation Realtor® from Edina, Minnesota, and broker at Edina Realty. “While these tasks can be time-consuming and costly, the projects … Read more
After a couple slow months, national homebuilder purchases of lots has begun picking up in the Phoenix area. Denver-based Richmond American Homes recently plopped down $4.54 million in cash for 112 lots at Vistancia Village in Peoria, according to Vizzda LLC real estate database. The partially finished lots are north of the northwest corner of … Read more
Industrial real estate investor and developer CapRock Partners closed on two rounds of funding totaling $180 million for one of its industrial value-add funds, some of which will be used to buy and operate Phoenix-area real estate.
Local captains of real estate are witnessing these changes in business owners’ needs first-hand and discovering new trends that may be afoot for several different industries in a post-COVID business environment.
By Corina Vanek – Reporter, Phoenix Business Journal A massive mixed-use development with Class A office, hotel, retail and apartment buildings near Peoria Sports Complex is one step closer after the Peoria City Council approved an agreement Tuesday with American Life Inc. and Steinhauer Properties Inc. READ MORE
Stats from Arizona Multiple Listing Service indicate a 21.5% decrease in new listings in metro Phoenix. However it’s not all bad, as the median price for new listings has gone up 7.1%. Check out this report from ARMLS.
With closings down 31.5% and listings down 33.2%, the COVID-19 pandemic has seemingly taken hold in the Tucson area. The good news is while the number of single-family homes has decreased, the median sales price has actually gone up 2% to $250K.
By Angela Gonzales – Senior Reporter, Phoenix Business Journal Christopher Todd Communities is opening two new hybrid rental communities in the West Valley. These new projects in Peoria and Goodyear mark the Mesa-based company’s sixth and seventh communities. Four additional projects are under construction, with others in the pipeline across the Valley. These hybrid rental units … Read more
Leon Capital Group has selected McShane Construction Company to provide comprehensive construction services for Kierland Apartments, a 202-unit luxury multi-family community in north Phoenix. McShane is also underway with Soltra at SanTan Village, a 380-unit multi-family development in Gilbert, Arizona for Leon Capital Group. “We have a great working relationship with Leon Capital Group and are very excited to … Read more
Not long ago, it would have been difficult to imagine sleepy Downtown Gilbert as home to the retail, restaurant and hospitality options that you find in the area today. As one of the fastest-growing towns in the country, the demand for office, retail, multifamily and hotel space is at an all-time high. Recognizing this demand, … Read more