Newsroom By Pam AshleyToday’s News-Herald While the pandemic has inflicted economic pain in every direction in Lake Havasu City, being able to pay household rent hasn’t been an issue of note according to the president of the Lake Havasu Association of Realtors. READ MORE
REAL ESTATE | 9 Jun | MICHAEL GOSSIE JLL Capital Markets announced today that it has arranged a refinancing totaling $185.63 million for a 1,439-unit portfolio of five multi-housing properties in and around Phoenix, Arizona. JLL worked on behalf of the borrower, a partnership between Wealhouse Capital Management and Western Wealth Capital, to secure five, seven-year, floating-rate non-recourse loans … Read more
By Mark CarlisleTwitter: @mwcarlisle Southwest Valley residents who have been speaking out against a proposed housing development won a victory Thursday night when the Glendale Planning Commission rejected the developer’s request to increase the number of houses allowed on the land. Allen Ranches is an 865-acre development on county land northwest of Loop 303 and Camelback Road … Read more
By Mike Sunnucks |Rose Law Group Reporter Home sales were down 43 percent in the Tucson metro area from mid-March to mid-May compared to earlier in the year before COVID-19 closures and shutdowns. That is according to the latest housing data from Belfiore Real Estate Consulting. Steven Hensley, an analyst for Belfiore said, compared to … Read more
By Mike Sunnucks | Rose Law Group Reporter The Mesa City Council will consider rezoning an 89-acre parcel at Signal Butte and East Williams Field Roads for a planned mixed-use development. The project – Destination at Gateway – looks to have commercial developments including auto dealerships along with residential components. The Mesa Council will also … Read more
June 12, 2020 Provided by: City of Buckeye The U.S. Census Bureau just released new population estimates for the past decade, showing Buckeye is the second fastest growing city, on a percentage basis, in the United States since 2010. The Census estimates that Buckeye’s population on July 1, 2019 was 79,620, representing a 56.6% increase … Read more
San Luis, Arizona —The City of San Luis is bringing its annual Fourth of July Freedom Celebration to your backyards on July 4, 2020, starting at 9:00 p.m. The City of San Luis 4th of July Freedom Celebration has been a highlight of our community, bringing over 20,000 people together. In an effort to decrease the … Read more
ALL ABOUT ARIZONA NEWS When the coronavirus pandemic upended the U.S. economy, many states halted or limited construction work. While real estate development is beginning to resume, recently released data from the U.S. Census Bureau showed an unprecedented drop in residential building permits comparing April of this year to April of 2019. Nationally, there was … Read more
By BILL McMILLEN The Daily News FORT MOHAVE — Fairway Constructors didn’t allow the COVID-19 pandemic to derail progress on its Fairway Village Estates master-planned community. Mehdi Azarmi wasn’t about to let the coronavirus prevent a celebration of the next phase of the development. But because of COVID-19, which still is prevalent in the area, … Read more
A 1031 exchange allow a property owner to swap one investment property for another that allows capital gains taxes to be deferred. LEARN MORE FROM INVESTOPEDIA According to First American Exchange Company, many people were seeing their real estate investments appreciate at incredible rates, and in turn, were doing 1031 tax-deferred exchanges to defer their capital gains … Read more