phoenix market Archives

UMB Bank expands CRE team in Phoenix

Arizona Commercial Real Estate Development
by in AZRE Magazine

UMB Bank, a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), expanded its commercial real estate team in key markets including Kansas City, Fort Worth, Phoenix, St. Louis and Denver. During the past 18 months, UMB has heightened its presence and lending efforts in the commercial real estate industry, starting with the hire of Cydney Gurgens… Read More →

Westcore returns to Phoenix with industrial buy

by in AZRE Magazine | Industrial

Westcore Properties reentered the Phoenix market after a short hiatus, adding a 170,625 square-foot industrial property located at 125 N. 67th Ave. to its portfolio. Westcore purchased the property, originally built in 2001, from an independent Canadian investor for $10.2 million. After approximately two years without a Phoenix property in its portfolio, Westcore wanted to… Read More →

Phoenix Market Is Affordable Again

by in Brokerage

The current state of the Phoenix commercial real estate market can be viewed from two sides. The reality is that we are still pushing through, so to speak, amidst a haze of foreclosures, bank take-backs and monetary defaults.  But through the fog, there is a silver lining in the form of good old-fashioned opportunity. As… Read More →

Median Price Not Full Story For Phoenix Market

The median price for resale homes in the Phoenix area has been edging up for several months. Does this signal that the market is approaching normalcy? Jay Butler, associate professor of real estate and author of the Realty Studies report from the W. P. Carey School of Business, talks about the factors affecting median price,… Read More →

Shea Homes Again Ranks Highest In Customer Satisfaction Among New-Home Builders In Valley, Report Indicates

Housing Development
by in Economy | Real Estate

For the third straight year, Shea Homes ranks highest in customer satisfaction with new-home builders in the Phoenix market, according to the J.D. Power and Associates 2010 New-Home Builder Customer Satisfaction Study released today. “The downturn of the housing market — along with intensified competition for a very limited pool of home buyers — has… Read More →

Ensemble DevMan Of Arizona Aims To Benefit Medical-Office Clients

Ensemble DevMan

Medical real estate developers Ensemble Real Estate Services and DevMan Company have joined forces to become Ensemble DevMan of Arizona. The union was official Nov. 1. Ensemble DevMan specializes in medical office development, management, leasing and brokerage — a combination of each firm’s services before the merger. The new company has 110 employees and the… Read More →