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$231 Million Development Coming to Downtown Phoenix

Posted by   /  April 18, 2019  /  Real Estate  /  No Comments

Looking north toward Westward Ho from the Central Station Transit Center located at Central Avenue and Van Buren Street. / Photo Lynn Trimble / Phoenix New Times By Lynn Trimble | Phoenix New Times More major changes are coming to downtown Phoenix, as a city transit center gets transformed into a new development comprising more […]

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Phoenix remains among cheapest for real estate construction despite cost increases

Posted by   /  April 18, 2019  /  Real Estate  /  No Comments

Expert sees slowdown on horizon in Valley real estate market By Corina Vanek | Phoenix Business Journal Phoenix remains one of the cheapest major cities for building real estate projects, despite one of the largest increases in construction costs during 2018. According to the quarterly construction cost report done by Rider Levett Bucknall, construction costs […]

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Phoenix transit center project lacks affordable housing

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

Wikicommons By Jessica Boehm | Arizona Republic A proposed new development slated for a prime piece of property in downtown Phoenix has almost everything: Apartments, student housing, office space, retail, restaurants, a hotel and a grocery store.  One thing it doesn’t have: Housing options for people who make less than $50,000 a year.  The lack of affordable and workforce […]

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Phoenix office absorption hits 10-year high

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

Serendipity Labs leased 31,367 square feet in the Camelback Corridor’s new Camelback Collective. / AZBigMedia AZBigMedia According to JLL’s Q1 Phoenix Office Market Report, metro Phoenix has absorbed more than 1 million square feet of office space since the first of the year – a quarterly high not seen in over 10 years. This is […]

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Phoenix region a top market for 2019 industrial development, report says

Posted by   /  April 9, 2019  /  Real Estate  /  No Comments

The first phase of the Ten Distribution Center in west Phoenix completed construction. / Provided by Graycor Construction Co. West Valley a driver in new development By Corina Vanek | Phoenix Business Journal The Phoenix region is on track to have 6.5 million square feet of industrial space constructed in 2019, the sixth-largest expected delivery […]

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Phoenix investor group looks to buy up apartments to create workforce housing

Posted by   /  April 9, 2019  /  Real Estate  /  No Comments

Urban Communities LLC bought this property at 1601 W. Camelback Road in Phoenix and has converted it into workforce housing. / Photo Jim Poulin / Phoenix Business Journal New fund seeks $20M to revitalize dilapidated Valley properties By Angela Gonzales | Phoenix Business Journal A Phoenix developer has plans to offer much-needed workforce housing while […]

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Light rail extension debate rages on

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

Scott Smith, the CEO of Valley Metro, speaks about a new ballot initiative meant to stop all light rail expansion during a meeting at Downtown Phoenix Inc. at 2 p.m. on April 2, 2019. The meeting was free and open to the public. / Photo Nora Thompson / Downtown Devil By Nora Thompson | Downtown […]

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A starter home for $145K?

Posted by   /  April 1, 2019  /  Real Estate  /  No Comments

Twitter New-home buyers still can find bargains in metro Phoenix, but long drives are part of the deal By Catherine Reagor |Arizona Republic Higher prices have many buyers searching for a house they can afford. Deals still can be found on some new properties in metro Phoenix, but buyers probably will need to gas up before checking […]

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A second downtown Phoenix grocery store? $231 million high rises to replace transit center

Posted by   /  March 27, 2019  /  Real Estate  /  No Comments

Phoenix City Hall /Facebook/ City of Phoenix Communications By Jessica Boehm | Arizona Republic The open space that separates the Van Buren light rail platforms between Central and First avenues may soon be transformed into a $231 million, multi-tower development.  The Phoenix City Council will vote April 3 on a proposal to replace the Phoenix Central Station transit […]

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Valley housing market remains robust — especially for sellers

Posted by   /  March 22, 2019  /  Real Estate  /  No Comments

Ahwatukee Foothills News By Paul Maryniak | Ahwatukee Foothills News Anyone in the Valley waiting for the housing market to tilt toward buyers may be waiting a while. Experts say the Phoenix market remains a sellers’ market and they see no end in sight. Realtor.com recently ranked Phoenix as the fifth hottest market in the country […]

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