national association of realtors Archives

LA company purchases multifamily complex for $47.5M


TruAmerica Multifamily in partnership with an institutional investor, has completed the purchase of Trevi, a 290-unit community in Chandler, AZ, in an off-market transaction valued at $47.5 million. The acquisition represents TruAmerica’s second in the greater Phoenix area. “There are quite a few areas, particularly in the western United States, that are starting to match… Read More →

Phoenix faces growing gap between income, rent hikes

Colonade Apartments, WEB

A new report shows Tucson and Phoenix-area renters have had to deal with a double whammy: Dwindling or stagnant incomes coupled with significant rent hikes. The report, released last week by the National Association of Realtors, indicated the two metro areas are among those where the gap between rental costs and household income is increasing.… Read More →

ROIs on commercial properties see some uncertainty


Asking about a solid investment is a loaded question, says Certified Commercial Investment Member (CCIM) Jason Eisenberg, vice president of development and acquisitions for the Eisenberg Company. Commercial real estate investment returns are expected to remain steady through year-end, according to a forecast released by Real Estate Research Corp. Deloitte and the National Association of… Read More →

Biltmore-Paradise Valley agent ranked top in the nation

Devon Connors
by in Business News | Economy | Real Estate

Coldwell Banker announced that DeVon Connors ranked in the top 1 percent of their national sales associates. The ranking was based on sales of residential homes for the nine months ending Sept. 30, 2012. In a letter to Connors, Bruce G. Ziff, president and CEO of NRT, the parent company of Coldwell Banker, congratulated her… Read More →

Real Estate Economic Forecast Looks Optimistic

economic forecast - Dr. Lawrence Yun

Dr. Lawrence Yun, chief economist and vice president of research for the National Association of Realtors, addressed a crowd of approximately 200 people at the Economic Forecast Breakfast held by the Scottsdale Area Association of Realtors. “We are coming out of it,” said Dr. Yun of the current economic condition. “The worst is clearly behind… Read More →