This article by Philip Haldiman does a great job in describing the reality faced by homebuyers in on of the country’s largest counties. While Valley of the Sun real estate agents understand how limited the market is, people looking to move into Arizona’s largest metro will find the going is tough. Benjamin J. Katz, owner … Read more
Property owners are looking to build a fitness center as well as commercial office space.
California multifamily investors to purchase property on Mill Avenue in Tempe.
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.
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
Development is ramping up on the south bank of Tempe Town Lake east of Arizona State University, as a mixed-use project called Pier 202 begins early construction work and a nearby build-to-suit office development is marketed to potential office users.
Town Frye Apartments is proposed to include 11 three-story apartment buildings, 4 four-story apartment buildings and a two-story clubhouse. The buildings will house a mix of 48 studios, 144 one-, 176 two- and 52 three-bedroom units. According to the documents submitted to the city, the project provides a “modern urban environment” to residents. “This character … 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.