Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Willow Creek, a 160-unit multifamily asset in Prescott, Arizona. Sold by 3137 Willow Creek Road…
NAI Horizon represented the seller in the disposition of 34 acres of land in Mayer, Arizona, upon which the buyer plans to build rental cabins. NAI Horizon Senior Vice President…
We are officially in a house-permitting boom and the confidence from home builders is near an all-time high. A new Zillow® analysis shows how far builders still have to go to…
Optima, a leading, design-driven multifamily developer, has been awarded top honors from the esteemed American Architecture Awards in the multi-housing development category for Optima Kierland Center and Optima Sonoran Village. The American Architecture Awards are…
The Valley’s real estate market and home values have reached new heights since recovering from COVID-19. Phoenix ranks second for the hottest housing market in 2021, following Austin, Texas, according…
CHASSE Building Team, an award-winning local general contractor with offices in Tempe and Tucson that oversees more than $425 million in construction projects across Arizona annually, announced last week that…
The multifamily market weathered the pandemic much better than other commercial real estate sectors, according to report from Kidder Mathews. While rent growth fell below historical averages, average monthly rent…
Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic and value-add real estate investments, and Contour, a leading privately-held real estate and development company, announced today that they have acquired 54 acres…
ATTOM, curator of the nation’s premier property database, today released its third-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 39.5 percent of mortgaged residential properties in the United…
Midtown on Main Street Apartments, a 472-unit, transit-oriented, class-B multifamily complex in Mesa, sold for $137 million, according to the commercial real estate tracking website Vizzda. The price breaks down…
CBRE announced the sale of Superstition Vista, a 464-unit apartment community, and The Meadows, a 306-unit multifamily property, in Mesa, Ariz. to Tides Equities. CBRE’s Tyler Anderson, Sean Cunningham, Asher…
Prospective buyers and sellers are being faced with one of the most competitive housing markets to date. Demand is at an all time high whereas supply is incredibly low. Older…
