More than two dozen community, business and education leaders from throughout Scottsdale have formed a group to work on issues that will shape the future of the community.The SCOTT Project is an initiative with roots in the campaigns that were successful in the
RENTCafé just released its January Rent Report, noting that the national average rent reached $1,463 after a 3 percent yearly increase. Phoenix average rent increased the most among the largest renter hubs, by 8.3 percent. While Mesa and Glendale are cheaper
Commercial and multifamily mortgage originations wrapped up 2019 with the strongest quarter on record since the second quarter of 2007, according to the Mortgage Bankers Association. Fourth quarter originations were up 7 percent over fourth quarter 2018
The Greater Phoenix industrial real estate market has a very healthy equilibrium in the midst of bringing millions of new square feet to its inventory, according to a report from Colliers International. Vacancy remains below 10 percent after the city added 6.4 million square feet
The past decade saw the longest economic expansion in U.S. history, which helped support record household formation and unprecedented demand for rental apartments throughout the country.To better appreciate the extent of the changes
Led by Phoenix home sales, last month’s home sales posted the highest year-over-year gain for January in 11 years, increasing an average of 10.5 percent in the 54 metro areas covered by the RE/MAX National Housing Report
The Federal Reserve Bank of New York reported last week that household debt increased $193 billion in the fourth quarter to a record-high $14.15 trillion, prompting some concerns about possible risks to the economic outlook from rising
Renters across the U.S. are snapping up apartments faster than builders can bring them to the market, with nationwide multifamily vacancy tightening to a historic low by the end of 2019, according to a new report by CBRE. The overall multifamily vacancy
The Greater Phoenix office market experienced its best year since 2008, posting very strong net absorption and adding more than 3.4 million square feet of new space to the inventory. The metropolitan area has been recognized
Ferrero USA, Inc., part of the global confectionery company Ferrero Group, today announced the opening of a new distribution center in Goodyear, Arizona, a suburb of Phoenix. The newly constructed facility located at 3600 Cotton Lane is 643,798 square fee
In a 2018 interview with Multi-Housing News, Peak Campus President Jeff Githens talked about the shift in importance from the overall amenity race to customer service, a trend he says will continue in 2020 as well. At the time, Githens was optimistic
Living among the wealthiest people in the Valley can be an expensive proposition, but there are always opportunities. As a working journalist who has spent the better part of two decades living in one of those upper-crust areas, I should
Industrious, the largest premium workplace provider in the U.S., today announced a new location in Downtown Phoenix: The Monroe at 111 West Monroe Street. The company has partnered with landlord ViaWest Group to take approximately 30,000 square-feet across the 14th and 15th
Consumer spending remained steady in January amid unseasonably mild weather, but not all retail sectors benefitted. Retail sales in January inched up 0.2% seasonally adjusted over December and were up 2.7% unadjusted year-over-year, according to the National Retail
Metro Phoenix home buyers hoping the market will slow and prices will dip shouldn’t expect a break anytime soon.Valley home prices are poised to hit a new record. Sales continue to climb, and the supply of houses for sale keeps shrinking, leading to more bidding
The new Desert Diamond Casino West Valley will open its doors to the public on Wednesday, Feb. 19, 2020 at 8:00 p.m. A private event for tribal members and dignitaries will take place that morning at 10:00 a.m. and will feature remarks from Tohono O’odham
Many species of animals, including birds, fish, and whales, migrate to new locations at various times of the year. While their reasons for moving are likely instinctual and can be credited to temperature, food availability, or mating, humans also migrate in patterns
Investors are increasingly targeting parking lots for potential multifamily redevelopment, especially in urban areas, according to industry sources.“Given the multifamily market has been so strong for the past decade, we’re at a point that really justifies
The world’s first-post-car real estate developer, Culdesac, today announced it is interviewing Arizona operators who align with its vision for only a dozen spaces available in its retail phase, which will provide essential services to residents and also serve as a retail destination
HireAHelper, the online marketplace for finding, comparing and booking moving transportation and services, today released its second annual study examining U.S. moving trends and the No. 1 hot spot for those relocating is
City North is once again a development to watch in the Valley.The long-dormant project that stretches back more than two decades and covers thousands of desert acres in north Phoenix is awakening with the renewed potential to be a “city within the city”
The stone-and-concrete Papago Gateway Center in the Phoenix suburb of Tempe, Arizona, wasn’t designed 13 years ago to be the headquarters for a major solar panel manufacturing company. Developer
Construction began Wednesday on the 999 Playa building on the north side of Tempe Town Lake, a project that will bring 94,000 square feet of office space for rent to the Valley’s hottest office submarket. The $45 million
Four Valley industrial properties were among a massive portfolio sale by Blackstone Property Advisors that included assets across Arizona, California and Oregon.Newport Beach, California
The Greater Phoenix office market experienced its best year since 2008, posting very strong net absorption and adding more than 3.4 million square feet of new office space to the inventory, according to a report from Colliers