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Multifamily report shows sector’s uncertainty

Posted by   /  June 1, 2020  /  Real Estate  /  No Comments

MFE By ABI Family | AZBEX ABI Multifamily has published its Q1 2020 Phoenix Multifamily Quarterly Report. And while the start of 2020 was strong, with rent growth, healthy occupancy rates, lower cost of living, and high renter demand all pointing to another extraordinary year, the future has yet to tell how the multifamily industry will be impacted by […]

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Peoria P&Z approves 264-unit multifamily project

Posted by   /  April 20, 2020  /  Coronavirus, Real Estate  /  No Comments

MFE By Tasha Anderson | AZBEX Meyer Development Services, Ltd, on behalf of the owner, Sedona 43 Holdings, LLC, submitted plans to the City of Peoria for the development of a new 14-building multifamily project called Peoria Commons. A request for an amendment to the General Plan land use map from Commercial to Urban Residential […]

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216-unit multifamily project proposed for Phoenix

Posted by   /  April 1, 2020  /  Real Estate  /  No Comments

Twitter By Tasha Anderson | AZBEX Multifamily housing developer, Wood Partners recently submitted plans to the City of Phoenix Planning Department for a new five-story luxury multifamily development to be built just east of the NEC of 16th Street and Camelback Road.  The project, called Alta Bluewater, is planned as a 216-unit “modern luxury” multifamily development composed of a mix of 146 […]

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Multifamily affordable housing plans in Phoenix

Posted by   /  February 3, 2020  /  Real Estate  /  No Comments

By Tasha Anderson for AZBEX Plans for a new multifamily affordable housing development to be located near the Light Rail Corridor have recently been resubmitted to the City of Phoenix. Catholic Charities Communities Services of Arizona, along with developer, Trinity Housing Development is requesting to rezone approximately 3.9 acres just north of the NEC of 19th Avenue […]

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JLL’s report on what’s hot in 2020

Posted by   /  January 28, 2020  /  Real Estate  /  No Comments

The firm highlights the biggest market themes for U.S. multifamily this year. By Holly Dutton | MHN The multifamily market’s strong performance is expected to continue in 2020, as several key factors have aligned to keep the sector humming, according to JLL’s recently released report on multifamily in the U.S. In its report, the brokerage […]

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Multifamily is hot in Phoenix — maybe too hot? Belfiore weighs in

Posted by   /  December 30, 2019  /  Real Estate  /  No Comments

New apartments in downtown Phoenix, Arizona, on a sunny day. / Getty / Forbes By Ellen Barber | Forbes The multifamily sector in Phoenix has been making headlines lately. The fifth-largest city in the U.S. had the nation’s fastest-rising rents in November, according to data from Yardi Matrix, a California-based provider of commercial real estate market […]

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Broadstone multifamily project proposed for Phoenix

Posted by   /  December 4, 2019  /  Real Estate  /  No Comments

Credit: City of Phoenix By Tasha Anderson for AZBEX National real estate development firm, Alliance Residential Company has submitted plans to the City of Phoenix for a new multifamily residential development just east of the NEC of Camelback Road and 7th Avenue. Alliance is requesting a rezoning of the 4.35-acre site at 502 W. Camelback Road, from […]

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Multifamily proposed for Val Vista Square Mixed-Use

Posted by   /  November 13, 2019  /  Real Estate  /  No Comments

By Tasha Anderson for AZBEX A new multifamily residential project is being proposed for the 55-acre Val Vista Square Mixed-Use Development in Gilbert. The property, owned by Gilbert Growth Properties, LLC and located north of the Loop 202 San Tan Freeway on Val Vista Drive, currently houses a 60KSF Veterans Administration Medical Clinic and a 9KSF Unison Bank. In December 2018, The […]

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Mesa OK’s new 244-unit multifamily development

Posted by   /  October 2, 2019  /  Real Estate  /  No Comments

City of Mesa / AZBEX By Tasha Anderson for AZBEX Scottsdale-based multifamily housing developer, Greenlight Communities is planning another “Cabana” brand multifamily development – this time in Mesa – called Cabana on Power Road. The City of Mesa recently approved a rezoning request at the site located south of the SEC of Williams Field Road and Power Road […]

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Phoenix makes huge leap in key national report on top homebuilding markets; trend likely to continue, says real estate consultant Jim Belfiore

Posted by   /  September 25, 2019  /  Real Estate  /  No Comments

Phoenix is a hot market for homebuilding construction and investment, according to the Urban Land Institute. / Steve Cole Images / Phoenix Business Journal By Angela Gonzales | Phoenix Business Journal Fueled by the multifamily sector, Phoenix has returned to robust growth and re-established credibility in the residential real estate investment community and is now […]

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