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For sale: One snake-infested Maryland home

Posted by   /  June 5, 2015  /  Off-Beat News, Real Estate  /  No Comments

snakes in a house

By Perry Stein | Washington Post In early April, a 4-year-old boy spotted a three-foot black rat snake emerging from the facade of his family’s new Annapolis home. Jody and Jeffrey Brooks initially were excited about their son’s discovery. They had encountered a snake’s shedded skin in the house months earlier and thought they were […]

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Orlando leaders look to Phoenix for downtown inspiration

Posted by   /  June 5, 2015  /  Real Estate  /  No Comments

phoenix and orlando

By Eric Jay Toll | Phoenix Business Journal The growth and revitalization of downtown Phoenix is a model the home of Disney World wants to emulate. A group of 80 Central Florida business, education and political leaders is swarming Phoenix, Tempe and Scottsdale this week to glean ideas to take home and help grow its […]

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$5M+ Deal – $41.65M for apartments in Scottsdale

Posted by   /  June 5, 2015  /  Dealmaker  /  No Comments

Below is the deal that closed Thursday June 4, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these a transactions. Price:  $41.65 million. Buyer:  EGW Ancala Investment LP. Seller:  Broadstone Scottsdale LLC. Property Type: Broadstone Ancala Apartments. Property Size: 13.9 acres. Location:  […]

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Sundt selected for $400M Banner-University Medical Center in Tucson

Posted by   /  June 5, 2015  /  Dealmaker, Real Estate  /  No Comments

Banner-WEB-Sundt

NEWS RELEASE — University of Arizona The general contractors have been selected for an 11-story tower that will replace the 40-year-old portion of the hospital at Banner – University Medical Center Tucson. Pending zoning approvals, Sundt I DPR, A Joint Venture, will begin preparing the site and utilities late this year, with construction starting in […]

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Sun Devil Stadium’s $256M renovations moving forward

Posted by   /  June 5, 2015  /  Dealmaker, Real Estate, Sports  /  No Comments

Sun Devil Stadium

By Anne Ryman and  Jeff Metcalfe | azcentral sports Arizona State University, in the midst of an extensive renovation of Sun Devil Stadium, got the green light Thursday to finish designs and negotiate a construction price for the last two phases of the project. The first phase is well under way with the removal of […]

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ViaWest Group sells Crossroads of Tempe for $17.25M

Posted by   /  June 4, 2015  /  Real Estate News Briefs  /  No Comments

Crossroads of Tempe

ViaWest Group has successfully sold 96,691 square-feet of office space within the commercial complex, Crossroads of Tempe. Phoenix-based ViaWest Group acquired the nearly vacant office-retail property in 2011 for $4.055 and sold the retail portion shortly after for $1.3M. Four years later, after investing in the two remaining vacant, shell condition office buildings, ViaWest Group […]

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Medical office condo sold in Avondale for $192/SF by GPE Commercial Advisors

Posted by   /  June 4, 2015  /  Real Estate News Briefs  /  No Comments

Avondale medical office

GPE Commercial Advisors, a premier provider of award-winning sales and leasing in Arizona, secured the sale of a 3,756 square-foot medical office condo located at 10750 W. McDonald Road, Suite F600 in Avondale. The property sold for $750,000 ($192/SF). Senior Vice President Bret Isbell represented the seller, McDowell Asset Management LLC. Doug Searle of Strategic […]

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Wentworth Property Company announces plans for West 80

Posted by   /  June 4, 2015  /  Real Estate News Briefs  /  No Comments

West 80

DTZ, a global leader in commercial real estate services, is marketing West 80, a ±379,635 square-foot, for-lease, speculative development by Wentworth Property Company (“WPC”). Located on the southeast corner of 80th Avenue and Buckeye Road in Phoenix, WPC plans to break ground on the industrial distribution center before year-end with delivery in 2016. DTZ Executive […]

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$5M+ Deals – John F. Long Properties buys retailer Tractor Supply Co. in Fountain Hills for $5.1M

Posted by   /  June 4, 2015  /  Dealmaker  /  No Comments

Below are the deals that closed Wednesday June 3, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these a transactions. Price:  $5.1 million. Buyer: John F. Long Properties LLLP. Seller: Fountain Hills Development Group LLC. Property Type: Tractor Supply Company on commercial […]

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A critical difference between the U.S. housing market today and during the bubble

Posted by   /  June 4, 2015  /  Dealmaker, Economy, Real Estate  /  No Comments

Housing Bubble

By Sam Ro | Business Insider There was a time when adjustable-rate mortgages (ARMs) were hot in America. “[R]esearch within the Federal Reserve suggests that many homeowners might have saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade,” Alan Greenspan said in 2004 when he […]

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