Residential Real Estate Archives

Closing golf course may create steep tax bill

golf

A statute intended to support Arizona golf courses could take its toll on Ahwatukee Lakes Golf Course owner Wilson Gee in the first situation of its kind by requiring him to pay 10 years of back taxes on the closed course, said David Boisvert, chief appraiser for the Maricopa County Assessor’s Office. Under the golf… Read More →

Fulton Homes, Phoenix Suns Partner Again

Goran Dragic, Brandon Knight

If the last NBA season is any indication, Fulton Homes, the Phoenix Suns, andthe Central Arizona Mountain Rescue Association are about to have a big year. For the third consecutive year Fulton Homes is uniting with the Phoenix Suns for the Fulton Homes “Proud to Own the Three-Point Zone” program. This season when a Phoenix… Read More →

Could Looser Lending Standards Boost Phoenix Market?

housing.prices

Will banks start to drop their standards and let people with slightly lower credit scores and much lower down payments buy homes? That’s the big question, after the Federal Deposit Insurance Corporation (FDIC) and other agencies voted to approve new, looser lending rules this week. A well-known expert from the W. P. Carey School of… Read More →

FirstService Acquires Y Cross Management Group

housing.prices

FirstService Residential, the leading residential property management company in North America, today announced it has acquired Y Cross Management Group, a leading Tucson-based community association management company.  Terms of the transaction were not disclosed. “Enhancing our leadership position in Arizona was a strategic priority and we are encouraged about the prospect of strengthening our leadership… Read More →

New Home Technology Debuts in Scottsdale

Architectural Photography by Michael Baxter, Baxter Imaging LLC

The new Estate Villas under construction at Sterling at Silverleaf will be among the first custom homes in the country, and the first in Ariz., to include the latest technology from Crestron, the global leader in home automation systems, including 4K Ultra HD, voice recognition controls, advanced energy-saving automation, motorized shades and wireless door locks.… Read More →

Boomers looking to downsize, but keep favorite amenities

Villas-Models

The residential real estate market is about to go “boom.” According to AARP, for the next 18 years, Baby Boomers will be turning 65 at a rate of about 8,000 a day. That’s a lot of homeowners who may be thinking about unloading their large family homes. “It is often misleading to generalize for a whole… Read More →

Coldwell Banker Names New Arizona President

Sandra Wilken Luxury Properties

Coldwell Banker Residential Brokerage in Arizona announced the company has appointed Greg Hollman as its new president. Hollman, who has held numerous leadership roles Coldwell Banker Residential Brokerage in both Arizona and Southern California, replaces Malcolm MacEwen, who will be stepping down as president and moving into a sales capacity with the company in order… Read More →

Alumni Mobilize To Save Frank Lloyd Wright School

1glass

The words contained in the Last Will and Testament of Frank Lloyd Wright stand in contrast to the Frank Lloyd Wright Foundation’s announcement last month that it may close the Frank Lloyd Wright School of Architecture. Wright’s Will, written in 1958, leaves no doubt about his wishes and priorities. It notes the Frank Lloyd Wright… Read More →

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

house

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

carey school - graduate

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 →