• Home prices post 17% annual gain, largest in at least 5 years - Read Article

    Home prices post 17% annual gain, largest in at least 5 years

    2021-03-23T08:00:36-07:00

    The median home sale price increased 17% year over year to $330,250—an all-time high—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is the largest increase of home…

  • NorthMarq Phoenix helps recapitalize Stratford Apartments - Read Article

    NorthMarq Phoenix helps recapitalize Stratford Apartments

    2021-03-23T08:00:33-07:00

    NorthMarq’s Phoenix office completed the recapitalization of the Stratford Apartments, 17625 N. 7th Street, Phoenix, Arizona on February 26, 2021. The Debt and Equity team of Brandon Harrington, Bryan Mummaw and…

  • Milhaus buys 16.54 acres of land in Tempe for $20M - Read Article

    Milhaus buys 16.54 acres of land in Tempe for $20M

    2021-03-23T08:00:20-07:00

    Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a ±729,020 square foot Opportunity Zoned land assemblage slated for mixed-use redevelopment for…

  • 2.42 acres of land in Surprise sells for $6.128M - Read Article

    2.42 acres of land in Surprise sells for $6.128M

    2021-03-22T09:35:30-07:00

    S&J Enterprise LLC bought 2.42 acres of vacant land in Surprise for $6,128,000, according to the commercial real estate tracking website Vizzda. The cost of the land, located at the southeast…

  • Arizona No. 3 among states for increasing rent - Read Article

    Arizona No. 3 among states for increasing rent

    2021-03-21T05:30:18-07:00

    QuoteWizard, a LendingTree company, and one of the nation’s leading online insurance marketplaces released a new report finding that the ongoing  COVID-19 pandemic has had a significant impact on the cost of…

  • JLL sells Koll Cotton Center for $30.89M - Read Article

    JLL sells Koll Cotton Center for $30.89M

    2021-03-19T15:00:02-07:00

    JLL Capital Markets announced today that it has closed the $30.89 million sale of and arranged a $23.2 million acquisition loan for Koll Cotton Center, a seven-building light industrial park totaling 225,403-square-feet in Phoenix,…

  • Sierra Vista leads nation in construction employment gains - Read Article

    Sierra Vista leads nation in construction employment gains

    2021-03-19T12:00:12-07:00

    While construction employment decreased in nearly two-thirds of the nation’s metro areas, Sierra Vista-Douglas led the nation with the highest percentage increase in construction jobs. Construction employment decreased from January…

  • Phoenix market update: Suburban assets lead activity - Read Article

    Phoenix market update: Suburban assets lead activity

    2021-03-19T10:50:46-07:00

    After closing January with $137 million in office sales, Phoenix’s transaction activity lost some steam in February. According to CommercialEdge data, 438,968 square feet of office space traded across the…


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