August 13, 2020

A developer of high-end extended stay hotels bought 4.5 acres of land in north Phoenix to develop the company’s first Arizona hotel property. WaterWalk, which is headquartered in Wichita, Kansas, purchased the development site at 19th Avenue and Pinnacle

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PHOENIX — A new Fry’s location will open in Gilbert next month, the grocery chain announced Tuesday. The 129,000 square-foot marketplace will open on Baseline and Higley roads Sept. 2. In addition to the usual food and wine selection sold at the grocery store

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High-rise, sustainable living in Arizona has reached a whole new level this week with the opening of 7180 Optima Kierland, the 12-story residential tower that boasts meticulously designed condominiums, along with the most impressive and expansive luxury amenity

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Homebuying in metro Phoenix is hotter than ever as extremely low mortgage interest rates are keeping potential homebuyers busy even during the hot summer months. Within the Valley’s vast 9,224 square miles, there are certain pockets where the action is hottest

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In crowded housing markets hit hard by the coronavirus pandemic, city dwellers are looking at where they want to live through a new lens. During the second quarter of 2020, 51% of realtor.com’s views from urban residents of the nation’s 100 largest metros

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August 12, 2020

Here are all three parts of the three-part video series that make up the 2020 AZRE Forum, the annual mid-year market report that looks at the factors that are driving the Phoenix economy and commercial real estate industry. The three panels of industry leaders discuss

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The first residents will soon begin moving into StreetLights Residential’s new luxury multifamily project, The Ryan, which is a part of Block 23 at CityScape, the mixed-use development led by RED Development that is nearing completion. StreetLights and MetLife

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Private equity real estate fund manager Equus Capital Partners sold two offices to separate buyers for a total of $46.2 million in Scottsdale, Arizona, one of greater Phoenix’s most popular corporate destinations. Equus sold the 107,049-square-foot Scottsdale

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NAIOP’s fourth monthly survey of its U.S. members on the impacts of COVID-19 on their businesses showed improved deal activity in the industrial, office and multifamily sectors in July, but also found 50 percent of respondents now expect the coronavirus

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It’s easy to hit your numbers when times are good.But for multifamily pros navigating the fallout of COVID-19, 2020 has been about finding ways to maximize net operating income (NOI), even when times are tough. “We’re really thinking things through more to make sure we

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August 11, 2020

Investment sales volumes in the medical office buildings (MOB) sector have dipped and cap rates have flattened in recent month, but the sector seems to be bouncing back. The volume of MOB investment sales transactions in the second quarter

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The second quarter is usually strongest in demand for multifamily housing. But that was not the case this year, when net absorption plummeted to the lowest Q2 level in 11 years, only 21,100 units. This was among the findings of CBRE’s Multifamily Figures Report

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In early 2020, before the start of the COVID-19 pandemic, a team of designers from Evanston, Ill.–based Morgante-Wilson Architects set out with a photographer to shoot the amenity spaces at its most recent multifamily interiors project, 727 West Madison, a newly completed

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From New York to Los Angeles, American cities are known around the world for being vibrant, industrious, and constantly growing. Every year, more people are enticed into big cities by unique job opportunities, cultures, landscapes, and communities. As populations

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While home prices have been going through the roof in the past year, economists at CoreLogic Inc. (NYSE: CLGX) expect a modest price decline over the next 12 months nationwide. Nationally, home prices increased by 4.9% in June 2020, compared

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Multifamily investor Knightvest Capital bought Signature Place apartment complex in south Tempe, Arizona, for $62.5 million, underscoring the continued strong investor demand for multifamily rental housing in greater Phoenix during the coronavirus pandemic. Multifamily investor

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While millions of people could lose most or all of the $600 bonus in their weekly unemployment benefits, threatening to slow consumer spending and the nation’s economic recovery, one thing could help cushion the blow: Americans have been saving lots of money

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HireAHelper, the online marketplace for finding, comparing and booking moving transportation and services, today released results from a new study examining U.S. moving trends and Scottsdale wins the popularity contest. This study is a unique and nuanced view of more

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Now accepting reservations, and featuring high-tech safety protocols, ARRIVE Phoenix invites visitors and locals alike to explore its gorgeous open-air design and gracious home-grown hospitality when Uptown Phoenix’s first-ever neighborhood hotel opens this September

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Taurus Investment Holdings has made its Phoenix debut by acquiring Avenel on 16th, a 200-unit garden-style community just north of the city’s downtown. Rincon Partners sold the asset for $25.9 million, according to Yardi Matrix, with NorthMarq Capital originating an $18.8 million

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August 7, 2020

Arizona landlords struggling because tenants have stopped paying rent during the novel coronravirus pandemic can apply for as much as $50,000 in assistance from the state, the Arizona Department of Housing announced this week. In all, the state

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This is part three of a three-part video series that makes up the 2020 AZRE Forum, the annual mid-year market report that looks at the factors that are driving the Phoenix economy and commercial real estate industry. The AZRE Forum is the annual mid-year

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Here are some of the projects to watch that are currently under construction in Arizona. MUNICIPAL: Pinal County Complex DEVELOPER: Pinal County GENERAL CONTRACTOR: A.R. Mays Construction ARCHITECT: Arrington Watkins Architects, LLC

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Average U.S. mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. It fell from 2.99% last week, Freddie Mac said in a report

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Record low mortgage rates are pushing homebuilder sales office traffic and new home sales higher, as the supply of existing homes remains extremely low in Arizona. This is causing some homebuilders to think about using a lottery or drawing system

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