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Report: Arizona’s apartment industry is a major economic driver

Posted by   /  February 8, 2019  /  Real Estate  /  No Comments

AZBigMedia The total annual economic impact of construction and operations within Arizona’s apartment industry is the equivalent to the state playing host to more than 10 Super Bowls each year. The apartment industry generates 22,000 jobs, $699 million in wages, and $3.8 billion in economic output each year as 37 percent of Arizona residents live […]

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The hottest property amenity: Location, location, location

Posted by   /  November 13, 2018  /  Real Estate  /  No Comments

  AZBigMedia Apartment living offers a unique experience for every renter and there are many factors that come into play when deciding on an apartment to call home. For some, it’s luxury amenities; the best clubhouse, coolest pool, and nicest gym. For others, it’s the apartment itself; the size, or things like open concept living, […]

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Glendale Planning Commission approves new 240-unit apartment complex

Posted by   /  June 22, 2018  /  Real Estate  /  No Comments

By Darrell Jackson | Glendale Star As housing rental rates continue to climb, the Glendale Planning Commission approved plans for a proposed new 240-unit apartment complex near Camelback Road and the Loop 101. The commission unanimously approved the plan during the June 7 meeting and the plan will now be forwarded to council for final […]

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Flagstaff: 231-unit apartment complex proposed on Butler, Sawmill

Posted by   /  April 26, 2018  /  Real Estate  /  No Comments

By Corina Vanek | Daily Courier A 231-unit apartment complex and retail space is proposed to replace the Jeld-Wen Windows and Doors facility on Butler Avenue. Asset Plus Corporation, a Houston-based developer, is requesting the city council rezone the property from light and heavy industrial use to allow high-density residential and commercial uses. At a […]

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Cities that offer renters the most square footage for their money

Posted by   /  March 8, 2018  /  Real Estate  /  No Comments

What $1,500 will buy in various rental markets across the country. By Kathleen Brown | MFE Establishing a budget is a common starting point for most prospective renters, but the unit size that a given price point will get them can vary widely from one city to the next. Apartment List has estimated the square footage that […]

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Proposed north central Phoenix luxury apartments spark neighborhood clash

Posted by   /  November 27, 2017  /  Real Estate  /  No Comments

By Jessica Boehm | The Republic In north-central Phoenix, one of the Valley’s hottest development corridors, a proposed apartment complex has sparked a classic clash between new development and old. A prominent out-of-state developer wants to transform 12 aging rental homes and a vacant piece of land near Seventh Street and Maryland Avenue into a 245-unit […]

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Chicago group developing 30-story downtown Phoenix tower

Posted by   /  November 21, 2017  /  Real Estate  /  No Comments

By Mike Sunnucks and Tim Gallen | Phoenix Business Journal Construction has started on a 30-story apartment tower with some ground-level retail space in downtown Phoenix at Third and Pierce streets. The Link PHX, which is slated to open August 2019, is a mixed-used apartment project that will have 257 units. It is being developed by Chicago-based CA […]

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Apartment company talks to Maricopa City Council

Posted by   /  November 14, 2017  /  Real Estate  /  No Comments

By Mason Callejas | InMaricopa An apartment developer presented a plan to City Council Tuesday, outlining its intentions of developing affordable multifamily housing structures in Maricopa. Representatives from the Indianapolis-based Englewood Group discussed with members of council their two-fold approach to multi-family housing and how it may be able to help Maricopa overcome the rental gap […]

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You CAN afford that apartment (according to this chart)

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

For many market-rate renters, incomes appear to be keeping up. But are you one of them? By Patrick Clark | Bloomberg Most people paying attention to the cost of renting an apartment in the U.S. would tell you that prices have gotten out of hand. That’s certainly true at the extremes where, say, the typical two-bedroom […]

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Is Phoenix apartment market a candidate for overbuilding?

Posted by   /  September 13, 2017  /  Real Estate  /  No Comments

AZRE The Phoenix apartment market has notched a strong two years, as occupancy has remained essentially full and rent growth levels have trended well above national norms. A key factor shaping this performance is that deliveries to date in this cycle haven’t been over the top. But this is a spot where the building pace […]

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