News from Neighboring States for May 7, 2018: Stanco Metal Products President Jerry Slagel says base steel prices have jumped more than 40 percent since President Donald Trump’s administration slapped tariffs on steel and aluminum imports.
New Mexico feels tariffs’ bite Nevada‘s monopoly on vice may be easing with push to eliminate nearly half the state’s brothels After years of booming development,Denver’s slot home crackdown comes too late for some neighborhoods A major California housing bill failed after opposition from the low-income residents it aimed to help. Here’s how it went wrong Tiny, affordable […]Read More →
News from Neighboring States for March 29, 2018: Researchers from UCLA’s Latino Policy and Politics Initiative say the transit village has been a boon to the surrounding neighborhood without resulting in gentrification.
Development without gentrification? Oakland’s Fruitvale is the model, report says There are Denver homeowners living in affordable houses they make too much money to qualify for, and the problem is more prevalent than you might think Poll: New Mexico pessimistic about state’s progress Nevada gaming win tops $1B in February, but visitation flat Utah solar […]Read More →
By Roland Murphy for Arizona Builder’s Exchange A three-story retail and residential mixed-use project could be going up in Old Town Cottonwood under a master development submitted to the city. LeMain Development, LLC’s proposal calls for a three-story mixed-use building at 920 N. Main St. and a residential building of two floors over a ground […]Read More →
By Parker Leavitt, The Republic | azcentral.com Furniture retailer Frontgate, which sells primarily online and through catalogs, plans to open its first Arizona retail store in the Pavilions at Talking Stick near Scottsdale next month. De Rito Partners, which manages the shopping center near Indian Bend and Pima roads on the Salt River Reservation, announced […]Read More →
By: Business Real Estate Weekly Companies formed by Sabal Financial Group L.P. in Newport Beach, Calif. (Patterson Jackson, CEO and co-founder) paid $51.075 million (blended average of $87.57 per foot) to buy a combined 583,252 sq. ft. of Phoenix office space. The sellers in four separate cash transactions were commercial mortgage backed securities (CMBS). The […]Read More →
By: Business Real Estate Weekly The red hot market in Tempe is getting even hotter as new hotel and office towers are planned on Mill Avenue alongside the landmark Monti’s La Casa Vieja restaurant. The $150 + million office-hotel project is targeted for a 2.5-acre site located at the southwest corner of Mill Avenue and […]Read More →
By: Business Real Estate Weekly EdR in Memphis, Tenn. (NYSE:EDR) paid $91 million (326,165 per unit) to buy The District on Apache, a 279-unit student housing project located southeast of Arizona State University at 977 E. Apache Boulevard in Tempe. The seller in the cash transaction was Tempe Student Housing LLC, a company formed by […]Read More →
By Business Real Estate Weekly Phoenix – Phoenix Uprising LLC, a company formed by investor Donald Dougher, II of San Diego, Calif., paid $48 million ($82,474 per unit) to acquire the 582-unit Sierra Ranch apartment complex located at 4722 E. Bell Road in Phoenix. The seller was FSC Saddleback Associates LLC, a company formed by […]Read More →
By Business Real Estate Weekly With its recent purchase of just under 400 acres, companies formed by Jeff Garrett of Garrett Development in Phoenix and the Kemper & Ethel Marley Foundation in Phoenix have assembled 1,500 + acres in Buckeye that is targeted for a residential community with about 4,500 homes. KEMF Westwind North LLC […]Read More →
By Business Real Estate Weekly Scottsdale – After finding success with a stalled residential condominium project the company acquired in south Scottsdale in 2010, Connell Real Estate Development Co. in Berkeley Heights, N.J. (Grover Connell, pres.) is investing another $55 + million to build an upscale apartment complex just down the street. Connell Real Estate […]Read More →