Sunday, August 10, 2014

Vacant retail plaza in Mesa's Fiesta District to become office hotspot

Mesa residents hoping to see signs of life in the struggling Fiesta District could see sprouts of progress early next year.

Phoenix Rising Investments has acquired the Valley East Plaza Shopping Center. The long-vacant plaza at Southern Avenue and Longmore used to house the Bed Bath & Beyond, Petco and Circuit City stores.

Read more... http://www.azcentral.com/story/news/local/mesa/2014/08/07/vacant-retail-plaza-mesa-fiesta-district-office-hotspot/13728521/

Saturday, August 9, 2014

Condos to be built near Scottsdale Healthcare Osborn

Condominium development finally is coming to a property near Scottsdale Healthcare Osborn Medical Center after a previous project stalled for nearly a decade.

The L-shaped property, at 7300 E. Earll Drive, was rezoned for condominium development in 2005. The property is south of the medical center and Scottsdale Stadium.

The previous property owner, Elliott Glasser, requested the rezoning and planned to build a 99-unit condominium complex. The acreage now houses an older office and warehouse building.

Read more...http://www.azcentral.com/story/news/local/scottsdale/2014/08/05/condos-built-near-scottsdale-healthcare-osborn-campus/13627263/

Old resort site to feature multimillion-dollar homes

New homes soon will go up on the former site of the Mountain Shadows resort in Paradise Valley.

Cullum Homes plans to build 40 multimillion-dollar houses on the eastern edge of the 68-acre site at 56th Street and Lincoln Drive. The $100 million development is called the Village at Mountain Shadows.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2014/08/09/old-resort-site-feature-multimillion-dollar-homes/13820045/

Zillow and Trulia have become the status quo and are ripe for disruption

There is a lot of doom and gloom out there about Zillow's plans to buy Truila, and some anger, too. As a real estate agent, I find it perplexing that Zillow and Trulia's customers are real estate agents — not homebuyers or sellers.

Real homebuyers and sellers don't care about you or about your website. They just want to buy or sell a home.

Read more... http://www.inman.com/2014/08/08/zillow-and-trulia-have-become-the-status-quo-and-are-ripe-for-disruption/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+inmannews+%28Inman+News+-+Headlines%29


Sunday, August 3, 2014

Stagnant Arizona wage growth hurting home sales, renters - Phoenix Business Journal

Existing home sales in the West were off 7.3 percent in June from a year ago and 2.3 percent nationally, according to new figures out today. This comes after other statistics already this month showed Phoenix with the biggest slowdown among major U.S. markets in home asking prices between June 2014 and June 2013.

Laggard wage gains are also not keeping up with rent prices, making it harder on some tenants and putting some downward pressures on multifamily rates.

Read more... http://www.bizjournals.com/phoenix/blog/business/2014/07/stagnant-arizona-wage-growth-hurting-home-sales.html?page=all

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