In the largest multifamily sale in over two years, the Andante Apartments in Ahwatukee were sold for $145.25 million, or $252,170 per unit. According to the commercial real estate tracking…
Big city life became less desirable as 2020 unfolded. Renters and homeowners alike considered moving out more than ever and the surrounding towns became a focal point of multifamily development…
Newmark announced the recapitalization of two Avanti Residential (Avanti) multifamily properties located in Glendale and Mesa, Arizona – The Pavilions at Arrowhead and Springs at Alta Mesa. Milestone Real Estate…
Times are challenging for multifamily landlords with nonpaying (or slow paying) tenants. Below is a snapshot of the primary eviction impediment requiring that residential landlords “halt” certain evictions. Also included…
No one could have predicted the rental market trends in 2020. The market faced many hurdles as the impact of the coronavirus pandemic led many people to move, including a large percentage…
A second new multifamily development catering to individuals and families looking for quality housing at attractive monthly rents is coming to Goodyear. Scottsdale-based Greenlight Communities will build a new development…
Despite COVID-19 and all that has happened in 2020, apartment development hasn’t been deterred as some thought it might be. A little over 292,000 new market-rate apartments have gotten off…
Today is the day!! It’s the deadline for RED Awards nominations. Despite COVID-19, it has been a busy time for the commercial real estate industry and AZ Big Media is…
2.0 at Eastmark, a luxury multifamily housing community, recently submitted plans for construction in Mesa, Arizona. PCS Development will develop the project with commencement of construction slated for Q2 2021.…
Porter Kyle, a multifamily developer and builder based in Scottsdale, announced its latest project transaction. The company sold the 18-unit Monarch Luxury Townhomes development for $6.5 million, which comes out…
Leading multifamily developer Optima is capitalizing on the resilient Phoenix condo market as the newest tower within its $500 million Optima Kierland development, 7180 Optima Kierland, is now 85 percent…
Secondary and tertiary markets are outperforming in the multifamily sector, as high costs and limited amenities drive renters away from gateway markets. While the national average rents were flat in…
