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The Dealmaker: 7/16/2019

Posted by   /  July 16, 2019  /  Dealmaker  /  No Comments

The Dealmaker is a daily note of the day’s top real estate stories served just in time for lunch. Bon Appetit! Subscribe here to receive the Dealmaker to your inbox Valley homebuilder purchases 3 more chunks of land. Shea Homes picked up parcels at Alamar in Avondale, Storyrock in Scottsdale and Northview at Stone Butte in Phoenix. Details […]

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Valley Metro CEO explains tripled estimate for light rail expansion

Posted by   /  July 16, 2019  /  Transportation  /  No Comments

KTAR In 2015, Phoenix voters approved a measure that would allot $550 million for light rail expansion from downtown Phoenix east to the South Mountain Village Core. But newer documents that Valley Metro Rail filed with the U.S. Department of Transportation and its Federal Transit Administration estimated costs at about $1.35 billion. Valley Metro CEO Scott Smith […]

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Mesa high on ‘Best Big Cities to Live in’; Phoenix much lower

Posted by   /  July 16, 2019  /  Real Estate  /  No Comments

Downtown Mesa. / downtownmesa.com By Adam McCann | WalletHub Many Americans prefer to live in rural areas, but far more call cities their homes. Though urban settings are less than 3 percent of the U.S. landmass, they contain around 80 percent of the total population. There are many factors that make highly-populated areas great to live in. […]

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Development with 205 manufactured homes proposed in Casa Grande

Posted by   /  July 16, 2019  /  Real Estate  /  No Comments

Manufactured home. / Clayton Homes By Mike Sunnucks | Rose Law Group Reporter Casa Grande is considering rezoning 42.3 acres of land for development of a 205-unit active adult manufactured home community. The new development is proposed for vacant land at Casa Grande Avenue and O’Neil Drive. The land needs to be rezoned to accommodate […]

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Last big piece of private land along US 60 sold

Posted by   /  July 16, 2019  /  Real Estate  /  No Comments

“The mixed-use site includes a half-mile of US 60 frontage with a full diamond interchange, making it a prime location with easy access from the freeway,” explained Lee & Associates Principal Brent Moser. / East Valley Tribune By Jordan Houston | East Valley Tribune The last large plot of privately owned property along US 60 […]

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Cameron’s $5M + deals of the day

Posted by   /  July 16, 2019  /  Dealmaker  /  No Comments

Cameron Carter, Director of Rose Law Group’s Transactional Real Estate Department, thinks you need to know about these transactions in Maricopa County. Price: $65.4MBuyer: Bel Aventura LLC c/o Eaton Vance Management REIGSeller: Aventura Apartment Owner, LLC Property Type: ApartmentsProperty Size: 382,420 SQFTLocation: 10350 W. McDowell Road, Avondale APN: 102-31-979Financing: New loan, conventionalTo view the affidavit: 190520910, click here. Price: $41.5MBuyer: […]

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Valley homebuilder purchases 3 more chunks of land

Posted by   /  July 16, 2019  /  Real Estate  /  No Comments

By Lindsay Walker | Phoenix Business Journal Shea Homes finalized the recent purchase of three land parcels in Scottsdale, Phoenix and Avondale, expanding its reach in the Valley.  Scottsdale-based Shea will break ground on 51 homesites in north Scottsdale, near 128th Street and Ranch Gate Road, in August 2020, as part of the larger Storyrock development. The land […]

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William Lyon Homes creates mortgage unit

Posted by   /  July 16, 2019  /  Real Estate  /  No Comments

William Lyon home. / Builder ClosingMark Financial Group, LLC will operate a full suite of financial services offerings, including title agency, settlement and mortgage services. Builder William Lyon Homes (NYSE: WLH) on Monday announced the formation of ClosingMark Financial Group, LLC, a wholly-owned subsidiary under which the home builder intends to operate a full suite […]

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Rastegar Property buys high-profile Phoenix lot for high-rise development

Posted by   /  July 16, 2019  /  Real Estate  /  No Comments

AZBigMedia AZBigMedia Rastegar Property, a vertically-integrated real estate investment firm focused on value-add and development in all asset classes across the United States, today announced its acquisition of a prominently-located high-rise lot in Downtown Phoenix in anticipation of the city’s rapidly growing demand for residential and commercial real estate space. Located at 334 N. 4th Ave., the 26,500+ […]

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Cadence at Gateway’s Phase 1 60 percent sold

Posted by   /  July 16, 2019  /  Real Estate  /  No Comments

Memorial day at Cadence at Gateway. / Photo courtesy Cadence (Editor’s note: News releases are published as submitted unless there are errors of fact.) Harvard Investments announced that less than six months after its grand opening, Cadence at Gateway’s Phase One homes are more than 60% sold. Cadence is at 9760 E. Cadence Parkway in Mesa. […]

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