Experts Tout a Hot Arizona Market at Forecast Event
By Peter Madrid for Institute of Real Estate Management Greater Phoenix Chapter The theme of the 13th Annual IREM-CCIM Economic Forecast was “The Real Scoop.” Judging by the comments of economists and industry panelists, the message that resonated was “Phoenix and Arizona are on fire.” “Last year we talked about being late in the game […]
2020 CRE Outlook: How Phoenix Shapes Up
By Steve Burks for AZ Big Media Consistency may be boring, but when it comes to the commercial real estate outlook and the Greater Phoenix commercial real estate industry, no change is good for business. The United States is in what most economic experts feel are the latter stages of a growth cycle that is […]
Multifamily Housing Wraps 2019
By Mary Salmonsen for Multifamily Executive The average U.S. multifamily rent fell $3 to $1,473 in November, according to the latest National Multifamily Report by Yardi Matrix. Year-over-Year rent growth fell by 20 basis points, down to 3.1 percent for the month. National rent growth has held at three percent or above since spring 2018, […]
Acero Val Vista to Provide More Multifamily for Gilbert
By Tasha Anderson for AZBEX Vancouver, Washington-based developer IDM Companies is proposing a new multifamily development at the NEC of Melrose and Quartz Streets in Gilbert. Pew & Lake PLC, on behalf of the developer and property owner, Leseur Investments, submitted plans to the Town of Gilbert and requested a minor General Plan Amendment on […]
Broadstone Multifamily Project Proposed for PHX
By Tasha Anderson for AZBEX National real estate development firm, Alliance Residential Company has submitted plans to the City of Phoenix for a new multifamily residential development just east of the NEC of Camelback Road and 7th Avenue. Alliance is requesting a rezoning of the 4.35-acre site at 502 W. Camelback Road, from “Intermediate Commercial […]
Multifamily Proposed for Val Vista Square Mixed-Use
By Tasha Anderson for AZBEX A new multifamily residential project is being proposed for the 55-acre Val Vista Square Mixed-Use Development in Gilbert. The property, owned by Gilbert Growth Properties, LLC and located north of the Loop 202 San Tan Freeway on Val Vista Drive, currently houses a 60KSF Veterans Administration Medical Clinic and a […]
Kaplan Proposes Luxury Multifamily for Scottsdale
By Tasha Anderson for AZBEX Houston, Texas-based multifamily developer, Kaplan Management Company is proposing a new multifamily development within the McCormick Ranch Center in Scottsdale. The site, located at 9375 East Shea Boulevard, is currently zoned as Commercial Office Planned Community District and Highway Commercial Planned Community District. Kaplan has submitted a request to the […]
Nonprofit to Develop PHX Senior Afford. Housing
By Angela Gonzales for Phoenix Business Journal Foundation for Senior Living is planning two more senior housing projects in Phoenix, but experts say it’s still not enough to keep up with the growing demand for affordable senior housing. Plans call for building two communities in Phoenix that will total $25.3M in development costs, said Tom […]
Developments Planned for Downtown Mesa
By Alison Steinbach for The Arizona Republic A boutique hotel and an array of apartments — from one focused on sustainable living to another offering an ultra modern twist — are planned in downtown Mesa’s one square mile. The projects are energizing city leaders who have long sought to transform the downtown into a bustling, […]
Mesa OK’s New 244-unit Multifamily Development
By Tasha Anderson for AZBEX Scottsdale-based multifamily housing developer, Greenlight Communities is planning another “Cabana” brand multifamily development – this time in Mesa – called Cabana on Power Road. The City of Mesa recently approved a rezoning request at the site located south of the SEC of Williams Field Road and Power Road at its […]