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Those looking to live in downtown Tucson feel sticker shock

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

By Gabriela Rico | Arizona Daily Star  12 hrs ago Prospective downtown dwellers are feeling sticker shock as home prices and rental rates in the city’s core continue to rise. A limited inventory of homes for sale in the 85701 ZIP code has pushed prices up over 20 percent from last year. Rental rates in […]

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Residents react to Deep Well Ranch plans

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

No ‘cookie- cutter’ homes, reflect Prescott’s qualities By Cindy Barks | The Daily Courier With as many as 10,000 new homes expected to be built in northeast Prescott over the next five decades, current residents made it clear this week what they don’t want: “Cookie-cutter” neighborhoods. About 50 people turned out at Prescott City Hall […]

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MBA: Mortgage applications rise 6.4 % over week of July 14th

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

The Refinance index rose 13%, and the seasonally-adjusted Purchase index rose 1%. By Mary Salmonsen | Builder The Market Composite Index measure of mortgage loan application volume rose by 6.3% over the week ending July 14th, 2017, according to the results of the latest Mortgage Bankers’ Association (MBA) Weekly Survey. (Last week’s results included an adjustment for […]

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Specialty contractor partnerships’ use of debt and capital

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

  By David Logan | NAHB Specialty contractors structured as partnerships generated aggregate net income of $4.5 billion in 2014, according to the most recent IRS data available.[1] These data are broken out by industry and income tax deductions, allowing us to compare the use of tax deductions by partnerships across a wide array of […]

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Midsummer metrics

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

Home Ownership

By John McManus | Builder Opportunity or challenge? Pew Research looks at the inverse of falling homeownership rates here. The rate of rentership is growing a leap and a bound. Consider that in the decade, 2006 to 2016, household formations grew by 7.6 million (a lot of that relatively recently). In that 10 years, the number of households that […]

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Cameron’s $5M + deals of the day

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

(Note: These deals have not been independently verified.) Cameron Carter, Director of Rose Law Group’s Transactional Real Estate Department, thinks you need to know about these transactions in Maricopa County. Price: $36M Buyer: Hardy Drive Investors, LLC Seller: PI OAT SPE, LLC c/o Passco Companies, LLC Property Type: Apartments Property Size:  9.529 acres Location: Ovation at Tempe – 4502 – 4505 S. Hardy Drive, […]

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Downtown Glendale development has many facets to improvements

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

By Darrell Jackson | The GlendaleStar Work continues toward improvements city wide, and Glendale Economic Development Department looks to show the direction when it comes to the Centerline and Entertainment District area. “The Centerline area runs from 43rd to 67th avenues and we are constantly working on improvements to that area,” said Economic Development Officer […]

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‘Blighted’ properties to be cleared from Heritage District

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

by Mason Callejas | InMaricopa The Maricopa City Council agreed Tuesday to move forward with the demolition and removal of three Heritage District properties that are considered to be in “blighted condition.” The three properties – 44548 W. Maricopa-Casa Grande Highway, 44536 W. Burkett and 19514 N. Pershing –  are all located just to the east […]

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Sports arena or big data center campus: See what’s landing on a big, prominent Phoenix parcel

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

By Mike Sunnucks | Phoenix Business Journal The Arizona State Land Department has auctioned off an 84.2-acre land parcel in Phoenix for $23.9 million. The land is at the southwest corner of 40th Street and McDowell Road. That’s a significant parcel north of the Loop 202 freeway connecting Phoenix to the East Valley. READ ON:

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Six lots in new subdivision in flood zone

Posted by   /  July 20, 2017  /  Real Estate  /  No Comments

By Mark Cowling | Florence Reminder FLORENCE – The Town Council OK’d a new 75-home subdivision in Sun City Anthem, but also approved a “lot hold agreement” with Pulte Homes not to sell or build on six lots that are currently in “FEMA Flood Zone A,” or vulnerable to a 100-year storm. Development Services Director […]

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