Residential Real Estate Archives

Shea breaks ground on Shea3D community in Estrella

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Shea Homes Arizona will break ground in mid-September, on its fifth Shea3D community in the West Valley, anticipated to open this December. Inspire at Estrella will be the sixth Shea Homes community opening this year. Located in Goodyear, Estrella is a 20,000 acre resort-style, master-planned community set against the Sierra Estrella Mountains. Although it’s a… Read More →

No Housing Bubble Right Now in Phoenix

housing

The Phoenix-area housing market is NOT creating another housing bubble to pop anytime soon. The latest monthly report from the W. P. Carey School of Business at Arizona State University shows a lack of enthusiasm from both buyers and sellers. Here are the latest details on Maricopa and Pinal counties, as of July: • The… Read More →

Fulton ‘Legacy’ at $15M before opening

Freeman Farms

While news headlines in August continue to declare sluggish new home sales figures in the Metro Phoenix market, one new Fulton Homes’ community in Gilbert is experiencing just the opposite. As of Aug. 25, the Tempe-based homebuilder has sold 20 homes and has hit $15 million in sales at its Legacy at Freeman Farms community—and… Read More →

Highest residential sale recorded in N. Arizona

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Russ Lyon Sotheby’s International Realty closed what is now the highest residential sale ever recorded in Northern Arizona, including the Sedona MLS and the Flagstaff MLS. The sale of 51 Moonlight Drive, Sedona, closed for $4.5 million. It was selected by Sotheby’s International Realty as one of the 12 most beautiful homes in the world… Read More →

Brookfield donates playhouse to Phoenix Zoo

PLAYHOUSE 2014

Brookfield Communities, a successful master-plan developer of two Arizona active adult communities and large land-holder, is helping to raise funds for the Phoenix Zoo’s conservation and educational programs for a second consecutive year. The Phoenix-based developer and home builder has teamed up with its architect partners to custom design and build a unique western themed… Read More →

T.W. Lewis Foundation awards scholarships

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The T.W. Lewis Foundation and Barrett, The Honors College at Arizona State University have established a partnership to help honors students develop strong leadership skills. Together they are creating specialized classes to enhance the honors curriculum and better prepare students for their chosen careers. The focused classes are under development and will be available beginning… Read More →

Phoenix Housing Market in a Slump

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The Phoenix-area housing market is officially in a slump. That’s according to a new report from the W. P. Carey School of Business at Arizona State University, which reveals the latest details on Maricopa and Pinal counties, as of June: * Though the median single-family home price went up 11 percent from last June, the… Read More →

Fulton Homes Utilizes Interactive Touch Screen Display

46-inch Fulton technology

Fulton Homes has always had the touch when it comes to quality homebuilding. Now the Tempe-based residential builder is integrating a modern “touch” with innovative technology. Fulton Homes will unveil a massive interactive 46-inch touch screen at its newest community “Legacy” in Gilbert when sales commence in August. Located in the main sales office, the… Read More →

Taylor Morrison Donates Land for Elementary School

School District

A new elementary school is underway for the Liberty Elementary School District, thanks to a land donation by local homebuilder Taylor Morrison. The Phoenix homebuilder, currently developing Las Brisas in Goodyear, donated approximately 15 acres needed for the new elementary school earlier this year, with design on the brand new school currently underway by the… Read More →

Fox Creek Extends ‘Leaseback’ Option

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As construction officially commences at The Ridge, Brookfield Communities’ newest neighborhood at its Fox Creek development along the Colorado River in Bullhead City, a few select homebuyers will be able to participate in a unique “leaseback” program. Here’s how it works: Brookfield sells a home to an individual buyer who agrees to leaseback the home… Read More →

Meritage Names Thrower South Region President

Meritage Homes

Meritage Homes Corporation, a leading U.S. homebuilder, announced today that the company has created a new South Region to be based in Atlanta. Initially, the region will include Meritage’s recently acquired operations in Nashville, Tennessee, and the Atlanta and Greenville-Spartanburg markets to be added with the acquisition of Legendary Communities that was announced earlier this… Read More →

Meritage Homes to Acquire Legendary Communities

Meritage Homes

Meritage Homes Corporation, a leading U.S. homebuilder, announced its definitive agreement to acquire the homebuilding assets and operations of Atlanta-based Legendary Communities for a purchase price of approximately $130 million. Legendary is one of the largest privately-held homebuilders operating along the I-85 corridor of the Southeastern U.S. with a significant presence in the Atlanta and… Read More →

Phoenix Housing Shortage Coming?

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The Phoenix area could soon see another shortage of homes for sale, like the one it endured from 2012 to 2013. According to a new report from the W. P. Carey School of Business at Arizona State University, very weak demand is masking the fact that relatively few homes are coming onto the market for… Read More →

Maracay Homes joins TRI Pointe in blockbuster deal

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Phoenix-based Maracay Homes announced that it has combined with TRI Pointe Homes, Inc. (NYSE: TPH) (“TRI Pointe”) as part of the merger between TRI Pointe and Weyerhaeuser Real Estate Company (“WRECO”), which counts Maracay Homes in its family of builders. The transaction, one of the largest in homebuilding history, is valued at approximately $2.8 billion.… Read More →