Real Estate Archives

Chateau on Central Closes $5.8M Sale

chateau

Chateau on Central recently completed the sale of its spacious “double mansion” which sold for $5.853 million. The 11,437 square-foot private residence features a three-story indoor waterfall and combines two of Chateau’s signature five-story brick and masonry brownstones into a single home. The custom residence was designed by Est Est Inc. and completed by A… Read More →

Construction Set To Begin on 3rd SkySong Building

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Construction is set to begin on the third office building at SkySong, The ASU Scottsdale Innovation Center, continuing the momentum on one of the most successful commercial development projects in Arizona over the past few years. With the first two office buildings at SkySong almost fully leased, work will begin on SkySong III on August… Read More →

Rising Interest Rates Can’t Stop Phoenix Housing Recovery

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Rising interest rates don’t appear to be stopping the big comeback in the Phoenix-area housing market. A new report from the W. P. Carey School of Business at Arizona State University reveals highlights for Maricopa and Pinal counties, as of June: * The median single-family-home price rose again to $190,000, up about 27 percent from… Read More →

BMO Harris Bank Promotes Bevers

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BMO Harris Bank announced that Jerry Bevers has been promoted to Director of Sales, Mortgage Banking. Bevers has been with BMO Harris Bank since 2012, and most recently managed the mortgage sales team for Arizona. In this new position, Bevers will oversee mortgage sales for Arizona, Missouri, Kansas, Florida, and Indiana. “Jerry’s extensive knowledge in… Read More →

Vermaland buys 8,000 acres at La Osa Ranch

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August 14, 2013 by in Business News | Real Estate

Vermaland LLC, a land banking and land development company based in Phoenix, has made its first significant investment in the southeast Valley land market – and its largest to date – with the purchase of 8,000 acres in La Osa Ranch, a master-plan community near Casa Grande. Vermaland bought 4,000 acres in La Osa Ranch… Read More →

Coup Des Tartes Finds New Building

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Earlier this year, the land where Coup Des Tartes is located at 4626 N 16th Street in Phoenix was foreclosed on.  The restaurant owner, Ron Pacioni, had seven years remaining on his lease and thought his restaurant would be able to stay in its current location.  However, the new owners, The Van Tuyl Group, have… Read More →

Home prices surge nearly 12 percent in June

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U.S. home prices surged 11.9 percent in June from a year earlier, reflecting stronger demand amid a tight supply of homes for sale. CoreLogic, a real estate data provider, said Tuesday that home prices climbed on annual basis in 48 states. They fell only in Mississippi and Delaware. And all but one of the 100… Read More →

TCA Assists 10K Arizona Homeowners with Counseling

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Take Charge America, Inc., a non-profit credit counseling and housing counseling agency in Phoenix, marked a milestone this year. It has now assisted more than 10,000 Arizona homeowners with housing counseling. Most of this assistance was for foreclosure prevention, a free service that helps homeowners avoid foreclosure or mitigate losses caused by foreclosure. As a… Read More →

Brookfield Communities Adds Sales Talent, New Brokerage

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Phoenix-based Brookfield Communities has hired real estate veteran Craig Libby as its new sales team leader at its Verde Santa Fe master-planned community. In addition, Brookfield Communities has added Jack Hanson as a sales counselor at the community located near Sedona. Libby will lead the sales team at Verde Santa Fe, while Brookfield Communities is… Read More →

Steptoe hosts Construction Industry Tax Seminar

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July 22, 2013 by in Events | Featured | Legal | Real Estate

Contractors, developers, construction managers, and homebuilders are invited to attend Steptoe & Johnson’s 10th Annual Construction Industry Tax Seminar co-sponsored by the AzBusiness Magazine. Steptoe’s tax lawyers will bring participants an annual update on the latest developments in Arizona’s sales and property taxation. The seminar will take place September 27, 2013 and the Arizona Biltmore… Read More →

Local Developer to Donate to Yarnell Relief Efforts

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Brookfield Communities has implemented a “Supporting Our Neighbors” fundraising effort to assist with relief efforts for the Yarnell community after the devastating fire destroyed the northern Arizona community and killed 19 firefighters. Beginning Monday, July 15 and through August 31, Brookfield Communities will donate $1,000 from each house the company sells at both its Fox… Read More →

Plaza Lofts at Kierland Sells Last Original Condo

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The Plaza Lofts at Kierland Commons has sold its last original residence, successfully filling the entire luxury condominium community created by Woodbine Southwest. The Plaza Lofts’ sales success reflects the excitement buyers have maintained about the well-appointed loft homes and walkable lifestyle the community offers at Kierland Commons. Originally welcoming guests into the 30-unit Main… Read More →

Fulton Homes, D-Backs Partnership Scores $12K for CAMRA

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On the strength of 80 homeruns, the Arizona Diamondbacks are in first place in Major League Baseball’s National League West Division at the midway point of the season. And thanks to Fulton Homes, those 80 homeruns have netted the Central Arizona Mountain Rescue Association (CAMRA) $12,000. This season during all the 150 games broadcast on… Read More →

Shea Homes reports an increase in sales and traffic

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The first half of the year shaped up well for Shea Homes, with an increase in sales and traffic through the second quarter in its East and West Valley developments. Shea’s West Valley communities in Peoria, Buckeye, and Litchfield Park continue to boom, claiming more than two-thirds of the sales for quarter two. Shea is… Read More →

Phoenix-area Foreclosure Saga Ending

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The Phoenix-area housing market has finally hit “normal, historical levels” for those going into foreclosure. After years of severe foreclosure trouble, a new report from the W. P. Carey School of Business at Arizona State University reveals that good news and more for Maricopa and Pinal counties, as of May: * The median single-family home… Read More →

TCA Awarded $300K for Foreclosure Counseling

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Take Charge America, Inc., a non-profit credit counseling and housing counseling agency in Phoenix, was awarded $300,000 by the Arizona Attorney General’s Office over the next three years to provide free foreclosure intervention counseling to Arizona homeowners. Take Charge America will use the funds to assist more homeowners with one-on-one counseling, primarily individuals and families… Read More →

EPA recognizes Fulton for energy efficient construction

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The U.S. Environmental Protection Agency (EPA) has honored Fulton Homes for its commitment to providing homebuyers with ENERGY STAR certified homes by presenting the Tempe-based homebuilder with the 2013 ENERGY STAR Leadership in Housing Award. The honor recognizes a builder that promotes energy efficient construction and helps to protect the environment through partnership with ENERGY… Read More →

WSJ Ranks Danley as Top Arizona Realtor

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The Wall Street Journal and REAL Trends, Inc. rank Walt Danley as the top selling real estate agent in Arizona, according to its “The Thousand: 2013 Top 1,000 Real Estate Professionals” list released June 28, 2013. Danley is ranked No. 37 in the U.S. for individual sales volume, having sold more than $137.7 million in… Read More →

Comerica Bank’s Arizona Index Up in April

Grant Thornton Business Optimism Index

Comerica  Bank’s Arizona Economic Activity Index climbed slightly in April, rising 0.2 percentage points to a level of 95.0. The  April  index  reading  is  23.7 points, or 33 percent, above the index cyclical  low  of 71.3. The index averaged 87.2 points for all of 2012, 8.7 points above the average for full-year 2011. “Our  Arizona… Read More →

Home prices increase by most in 7 years

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U.S. home prices jumped 12.1 percent in April from a year ago, the most since March 2006. More buyers and a limited supply of available homes have lifted prices in most cities across the country, a sign of a broad-based housing recovery. “The increase in the number of people looking for a new home often… Read More →

Landlords must disclose foreclosures to tenants

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Renters no longer have to worry about being surprised when their home is repossessed by a bank now that a new law requiring landlords to give them notice has been signed. Gov. Jan Brewer signed the tenant notice bill late last week amid a flurry of action on laws passed by the legislature in the… Read More →

Terminix Bringing 300 Jobs to Glendale

Westgate Entertainment District

iStar Financial announced today that Terminix, the world’s largest pest control provider, will open a new customer care center at Westgate Entertainment District in October that will bring as many as 300 jobs to Arizona and help invigorate activity within the office buildings of the Entertainment District. At 32,800 square feet, the deal is the… Read More →

Brookfield Communities Partners With Keller Williams

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June 17, 2013 by in Business News | Real Estate

Brookfield Communities has partnered with Keller Williams – the largest residential brokerage firm in the U.S. – to market and sell homes at its Fox Creek  master-plan development in Bullhead City. The partnership, finalized last week, will give Fox Creek significant growth opportunities, said Brookfield Communities founder and president, Phil Petersen. “This is a strategic… Read More →

Housing, how should we look at it going forward?

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During the last two years the country has experienced an upward shift in the housing market. How does this affect home owners today? For years, home owners have typically viewed real estate as one of their largest assets. However, we’ve learned during the last housing bubble, it can also be our largest liability. The housing… Read More →