JLL Capital Markets announced today that it has closed the $6.65 million sale of 16640 North Scottsdale Rd., a nearly two-acre land site purchased primarily for land value that currently houses a 15,000-square-foot retail center at the coveted intersection at Frank Lloyd Wright and Scottsdale Road in Scottsdale, Arizona. JLL marketed the property on behalf … Read more
AZ BUSINESS MAGAZINE Shea Homes has broken ground on Prelude at Storyrock, a new single-family home community in northeast Scottsdale. With 51 available homesites across approximately 35 acres of land, Prelude at Storyrock features single-level homes ranging from 2,845 to 3,963 square feet. Five distinct floorplans are creatively designed with 4 to 5 bedrooms, 3.5 to … 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.
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
By Catherine Reagor | Arizona Republic, (June 2020) Metro Phoenix rents have finally stopped rapidly increasing and are even dipping in some areas. Scottsdale posted the second biggest decrease in the U.S. for the median rent on a one-bedroom apartment this month. Other Valley cites including Chandler, Tempe and Phoenix saw rents drop, too. This month’s … Read more
By Terrance Thornton Twitter: @NVNEWSMAN (June 2020) In the grand scheme of things, affordable housing — typically envisioned as multifamily layered development including single-family detached and attached dwellings — is a fair and balanced way to describe Phoenix metropolitan housing stock. However, as Maricopa County continues to rapidly grow local economists see a systemic need for more … Read more