Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Cabana on 12th, a 252-unit multifamily asset in Phoenix, Arizona. The property sold for $54.5 million, which…
There’s good news for real estate investors and anyone looking to make a significant house move in 2021; confidence is coming back to the market, and prices are beginning to…
Construction jobs declined by 3,400 in the Phoenix metro area during the past year even as the sector added jobs in the rest of Arizona’s metro areas as the industry…
The COVID-19 pandemic threw a wrench into many industries, but the Arizona commercial real estate industry does not seem to be one of them, with new projects breaking ground almost daily…
CBRE announced the sale of Allred Tech Center, a 132,744-square-foot single-tenant industrial building in Phoenix, to 51st Fenix, LLC, for $19.5 million. CBRE’s Mark Krison, Bob Young, Glenn Smigiel, Rick Abraham…
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., announced the $27,000,000 / $247,706 Per Unit / $208.38 Per SF sale of Santana Ridge Luxury…
Sumitomo Corporation of Americas plans to submit the former Collier Center, an office high-rise in downtown Phoenix, to a sweeping renovation, after which the company will reintroduce the approximately 600,000-square-foot…
Arizona Multihousing Association, the statewide trade group for the apartment industry, has announced the finalists for the 29th Annual AMA/Cox Communications Tribute Awards. The 2020 Tribute Awards was a virtual…
The median home-sale price increased 18% year over year to $344,625 — an all-time high for housing prices — according to a new report from Redfin, the technology-powered real estate…
Almost every industry that we know has been immensely affected by the rapid evolution of technology. But some of the sectors are slower in adopting technology than others. One of…
The self storage sector maintained its strength throughout the first quarter of 2021, with continued positive street-rate performance and steady development activity across the country. Despite the rising cost of construction materials,…
Neighborhood Ventures, the nation’s largest community-based real estate investment company, is pleased to announce the sale of two properties. Venture on Wilson, a 12-unit apartment building in downtown Tempe closed…
