172-unit multifamily project for PHX site
Credit: City of Phoenix/AZBEX By Tasha Anderson | AZBEX The site of a former Sears Parts and Repair store just west of the SWC of 18th Street and McDowell Road in Phoenix is proposed to be redeveloped into a new multifamily mixed-use project called The Governor by Moderne. Developer, Moderne Apartments, LLC submitted plans to the City of Phoenix and is requesting […]
Read More →Waiting for distressed Valley multifamily deals? Nothing to see here, at least not yet
Twitter By Angela Gonzales | Phoenix Business Journal Out-of-state investors circling the Valley that are waiting to swoop in and buy distressed multifamily units in the region may be waiting a while. Cameron Carter, a partner at Phoenix-based Rose Law Group who is heading up a new practice group focused on strategic due diligence and […]
Read More →New Beulah Boulevard apartment complex in the midst of construction
Elevation plans for the Trailside development currently under construction at the corner of Beulah Boulevard and University Heights Drive. Adrian Skabelund / Arizona Daily Sun By Adrian Skabelund | Arizona Daily Sun Construction began earlier this year on a new multi-family apartment complex at the corner of Beulah Boulevard and University Heights Drive. The 111-unit project, called […]
Read More →A big year in multi-family: Peoria approved a whopping 156 permits in 2017
By Philip Haldiman | YourValley.net Two years ago, Peoria saw a big jump in the number of multi-family permits approved by the city. In 2017, 156 multi-family building permits were approved, while none were approved the previous year. Three permits were approved in 2015 and 15 in 2014. There are multiple theories as to the […]
Read More →Maximizing value on multifamily’s lower floors
By Susan Tjarksen | Forbes Would you rent an apartment on the first floor of an apartment building? The multifamily industry says no. And some cities don’t allow it. Historically, the first floor of multifamily developments has been allocated for retailers and a lobby. As developers know, the higher the unit, the higher the rent. From […]
Read More →Apartment market shows signs of losing steam
By Laura Kusisto | The Wall Street Journal The apartment-rental market cooled in the first quarter, according to reports from three research companies, suggesting a six-year boom that has pushed the cost of housing to unaffordable heights in many U.S. cities might be coming to an end. The national vacancy rate, which has risen for […]
Read More →Living Art: 118-unit Infill Development to Open in Phoenix This Summer
Downtown Phoenix lot given new, art-inspired purpose by Scottsdale developer (NEWS RELEASE) Downtown Phoenix will see another multifamily property rise from the ashes of a decades-old building this summer. Proxy333, located at 333 E. McKinley St., immediately west of the Biomed campus, is being co-developed by Scottsdale’s Tilton Development Company and Seattle-based Goodman Real Estate. […]
Read More →New affordable housing complex comes to north Phoenix
By Mike Sackley | KTAR Some homeless families in Maricopa County have a chance at a better life thanks to a new permanent housing community. Parsons Village, located in the Sunnyslope section of Phoenix near Cave Creek Road and Peoria Avenue, features 48 apartment units consisting of one, two and three bedroom units. Thirty-nine of […]
Read More →Northern Arizona student housing community to open in 2017
By Adelina Osan | MultiHousingNews American Campus Communities recently broke ground on its fourth student housing project with Northern Arizona University. The groundbreaking event was held at the International Pavilion on the NAU campus and was attended by representatives from both the University and ACC. The new 626-bed residential community called SkyView will open in […]
Read More →Phoenix among most competitive apartment markets
By Jordyn Lee | Zillow As fast as builders can put up new apartment buildings in Columbus, Ohio, renters are snapping them up. Zillow set out to find out which U.S. apartment markets are most competitive — where prices are rising and new units fly off the market. The Ohio state capital and college town […]
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