Estancia, a 62-unit multifamily community at 3620 N. Miller Rd., Scottsdale, sold for $6,900,000 or $172.63 per SF ($111,290 per door). Lee & Associates brokers Bryson Fricke and Todd Braun…
An aging population, international immigration and fewer home purchases are resulting in an increased need for new apartments. The Phoenix metro area is expected to need 150,302 new apartments by…
Arizona got an “F” for its safety policies, scoring particularly poorly on traffic safety, in a new national ranking of how well states are prepared to deter preventable deaths. The…
Studies conducted by various researchers have shown that the interaction between humans and therapy dogs can significantly lower stress levels. As we all know, one of the most stressful places…
A rumor circulating about the demolition of Metrocenter Mall has had two results. First, considerable media coverage. Second, a public outpouring form Phoenix residents unhappy about the news. Here’s the…
CBRE Group, Inc., has completed the sale of Enclave at Arrowhead, a 240-unit, Class A multifamily community located at 8092 W. Paradise Lane in Peoria, Arizona. The community commanded a…
Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), purchased 204 homesites in the trending South Mountain submarket of Phoenix, Arizona. The $10.5 million purchase represents the…
The 19th floor “penthouse level” of 111 W. Monroe St. in Downtown Phoenix is ready to welcome its new, high-tech tenant – courtesy of a seven-month, creative office build-out just completed…
Doing business with government entities in Arizona has improved for real estate and infrastructure developers, thanks to a recent Arizona Supreme Court decision. The state and its political subdivisions are…
June 12 marked the ribbon cutting ceremony for the completion of the Barn to Bunkhouse conversion project at Whispering Hope Ranch (WHR), a 45-acre camp for children and animals with…
IPA (Institutional Property Advisors) announced today that Steve Gebing and Cliff David, senior managing directors, closed five multifamily property transactions totaling $217 million and 1,699 units between May 30 and…
Newmark, the largest independent commercial mortgage banking firm in the western U.S., has secured $151 million in new permanent financing for a 30 property, multi-tenant industrial portfolio totaling more than…
