Avenue North Plans More Multifamily on Baseline Rd.
By Tasha Anderson for AZBEX Owner and applicant, Avenue North LLC recently submitted plans to the City of Phoenix for a new multifamily development to be located east of the NEC of 16th Street and Baseline Road. The applicant is requesting to rezone approximately 7.44 acres on the south side of the Western Canal at […]
Multifamily Mixed-Use Develop. Proposed for Phoenix
By Tasha Anderson for AZBEX Dallas, Texas-based real estate development firm, Atticus Real Estate Services recently submitted plans to the City of Phoenix for a new multifamily mixed-use development to be located at the SWC of 16th and Colter Streets. The project, dubbed Willowick or 16th and Colter PUD, will provide “new housing and employment […]
PHX Industrial Develop. Has Found a Perfect Balance
By Kelsi Maree Borland for GlobeSt.com The Phoenix industrial market has found its perfect balance. The market has one of the most active new construction pipelines in the nation for industrial product, but the development isn’t in danger of surpassing demand. “The most remarkable factor of the Phoenix Industrial Market has been consistency,” Cooper Fratt, […]
Busy Times. Where to Start?
By Roland Murphy for ABI Multifamily As a reporter and an analyst, you are always on the lookout for things like riots, fires and mudslides because they’re riveting to report and write about. As someone who actually cares about the areas you cover, you want things to be slow, incremental and even placid. Q3 gave […]
396-unit Multifamily Development Proposed for Phx
By Tasha Anderson for AZBEX A new multifamily residential development is being proposed for the SWC of 19th Avenue and Alameda Road in North Phoenix. The Related Group, the owner of the unnamed 461KSF apartment complex project, is requesting to rezone the approximately 20.06 acres from Light Industrial to Multifamily Residence. The Related Group wants […]
2019 Private Development Summit Highlights
By Tasha Anderson for AZBEX The first week of May has come and gone, which in BEX’s world means another successful Private Development Summit has passed. More than 200 attendees gathered at the DoubleTree by Hilton in Tempe on Tuesday, May 7th, for an afternoon of looking into the current and future state of the […]
PHX City Council approves $230M Suns Arena-Renovation Deal
By Jessica Boehm for The Arizona Republic The Phoenix City Council approved a controversial deal with the Phoenix Suns that will keep the NBA franchise in downtown Phoenix through at least 2037. The council voted 6-2, with Vice Mayor Jim Waring and Councilman Sal DiCiccio opposing it, to approve the $230M deal. The city will pay $150M from its […]
Phx, National Multifamily Rent Growth Solid for 2018
By AZBEX Staff for Arizona Builder’s Exchange Despite U.S. Multifamily rent growth remaining flat at 3.2 percent in December from November, 2018 proved to be a solid year for multifamily. According to the December 2018 Multifamily National Report from Yardi Matrix, “3.2 percent rent growth slightly exceeded going-in expectations. Despite the recent volatility in the […]
Light Rail Anniversary Casts Light on Area Growth
By Roland Murphy for Arizona Builder’s Exchange Despite ongoing challenges and concerns in various parts of the Valley, the economic growth generated as a byproduct of the Light Rail’s introductions and various expansions have proven impossible to deny. Valley Metro last week released, “Building Communities and Enhancing Lives: A Quality of Life Report,” detailing the […]
60-Unit Multifamily Planned for 67th Ave & Thomas
By Adrienne St. Clair for Arizona Builder’s Exchange MAK Construction has submitted a rezoning request to the City of Phoenix to build a multifamily residential community at the NWC of 67th Avenue and Thomas Road. The new community, called 67 Thomas, will be built on a currently vacant property. The site is surrounded by single-family […]