Thursday, December 19, 2019

Scottsdale shopping center sells for $66.7M

After going through a massive re-leasing effort during the past few years, the Shops at Gainey Village, a large Scottsdale shopping center, has been sold.

According to documents filed with the Maricopa County, the retail center was sold Dec. 16 for $69.7 million by Principal Real Estate Investors LLC to First Washington Realty Inc. Principal purchased the property in 2005 for $73 million, according to county records.

Read more... https://www.bizjournals.com/phoenix/news/2019/12/18/rebooted-scottsdale-shopping-center-sells-for-70.html

Thursday, December 5, 2019

Scottsdale city council approves Southbridge development

The city says the high-rise development could bring more vitality to the downtown area, but some are concerned it means losing Old Town's classic charm.

Read more... https://www.12news.com/article/news/local/valley/scottsdale-city-council-to-discuss-southbridge-development/75-7e9529c6-3dea-4410-88e0-415631db9907

Tuesday, October 1, 2019

The 10 most expensive ZIP codes for renters in Arizona

The peak rental season is coming to an end, making October the perfect time to identify and rank the areas that have charged the largest rents this year.

Read more... https://azbigmedia.com/real-estate/multifamily/the-10-most-expensive-zip-codes-for-renters-in-arizona/

3 projects that are shaping the future of Downtown Phoenix

The evolution of Downtown Phoenix continues, and there are three key projects leading the market forward, The Link PHX, Block 23 and two buildings going up at the newly renovated Arizona Center — the AC Hotel by Marriott and Palm Tower, a residential tower. All of these projects are in different stages of development, but the tallest of the new buildings, The Link PHX, will be the first one to be delivered.

Read more... https://azbigmedia.com/real-estate/3-projects-that-are-steering-the-future-of-downtown-phoenix/

Sunday, September 15, 2019

Metro Phoenix's housing market looks a lot like 2004. Is a boom and bust coming?

Rising home prices and bidding wars over affordable houses in metro Phoenix are stirring painful memories of the housing boom that led to the area's biggest real estate crash beginning in 2008.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2019/09/15/metro-phoenixs-housing-market-looks-like-2004-boom-bust-next/2288542001/

Sunday, July 7, 2019

Mesa OKs deal to bring $1B Google site to city

The Mesa City Council has approved a development agreement with Google for a $1 billion data center and accessory office facilities. Google is exploring the acquisition of 187 acres just northwest of Phoenix-Mesa Gateway Airport

Read more... https://azbigmedia.com/business/economic-development/mesa-approves-deal-to-bring-1b-google-site-to-city/


   

Friday, April 12, 2019

Fewer first-time home buyers likely to qualify for mortgages under tougher FHA standards

Some first-time and low- to middle-income home buyers will likely be edged out of the housing market under tougher standards recently adopted by the Federal Housing Administration, experts say.

Read more... https://www.usatoday.com/story/money/2019/03/25/home-loans-fewer-first-timers-get-mortgages-under-tough-standards/3271050002/

Sunday, March 31, 2019

Monday, February 25, 2019

Sunday, February 17, 2019

Construction update: Great Wolf Lodge Arizona, Ritz-Carlton

From ultra-luxury to family-friendly, Phoenix is about to see some striking new hotel options. Here's a look at three new additions on the horizon for the Valley's resort scene. 

Read more... https://www.azcentral.com/story/travel/arizona/2019/01/07/ritz-carlton-great-wolf-lodge-civana-arizona-construction-update/2303987002/

New Caesars hotel to be built at Scottsdale Fashion Square

Caesars Entertainment Corp. said it will build a non-casino hotel on the northern side of Scottsdale Fashion Square, with construction slated to start later this year.

Read more... https://www.azcentral.com/story/money/business/2019/01/28/caesars-republic-scottsdale-non-casino-hotel-planned-scottsdale-fashion-square/2699905002/

If you really like Fendi, the Italian designer is building homes in Scottsdale

Developers, architects and government leaders gathered Wednesday to break ground on the highly anticipated retail and dining portion of the Palmeraie master-planned community, as Fendi Private Residences was announced as the first luxury name associated with the $2 billion project.

Read more... https://www.azcentral.com/story/news/local/scottsdale/2019/02/14/fendi-homes-scottsdale-paradise-valley-palmeraie-five-star-development-ceo-jerry-ayoub/2861593002/

Saturday, February 9, 2019

Housing Sentiment May Be Bouncing Back

Respondents to Fannie Mae's January National Housing Survey adopted a new outlook to go along with the new year, primarily in responses about their personal financial situation.  As a result, the Home Purchase Sentiment Index (HPSI) increased 1.2 point to 84.7, taking back some of the 2.3 points it shed in December.

Read more... http://www.mortgagenewsdaily.com/02072019_national_housing_survey.asp

Wednesday, January 16, 2019

Real Estate News