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Phoenix saw $1.8B in construction starts in 2020 — before COVID-19

Posted by   /  March 30, 2020  /  Coronavirus, Real Estate  /  No Comments

By Corina Vanek | Phoenix Business Journal During the first two months of 2020, $1.86 billion worth of nonresidential buildings began construction in the Phoenix area, the lion’s share of which began construction in February, according to research by Dodge Data & Analytics. The highest-value project to be under construction in February was the $250 million […]

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Phoenix overpriced? Not according to real estate consultant Jim Belfiore

Posted by   /  March 25, 2020  /  Real Estate  /  No Comments

aerial view of Phoenix Arizona skyline at sunset By Ingo Winzer | Forbes There might have been some question whether the coronavirus would lead the US into a recession, but the hoarding of toilet paper makes me think it’s certain. Not because we’ll run out of toilet paper – the US and Canada produce volumes […]

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Modern Phoenix takes us back to the future. Would we have ended up there, anyway?

Posted by   /  March 12, 2020  /  Real Estate  /  No Comments

By Robrt L. Pela | Phoenix New Times I have confused the plumber. His name is Dave, and he seems nice enough. Here to install a new garbage disposal, Dave notices the turquoise-and-cream Formica countertops in our kitchen, and I brace myself for a conversation I’ve had perhaps 6 million times before. “I guess you’ll […]

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272-unit multifamily for Scottsdale Rd

Posted by   /  February 10, 2020  /  Real Estate  /  No Comments

Credit: City of Phoenix / AZBEX By Tasha Anderson for AZBEX The City of Phoenix recently received plans from San Antonio-based real estate developer, Embrey Partners, for a new six-story luxury multifamily development proposed for the Scottsdale Road Corridor. The project, dubbed Embrey Kierland North, is proposed as an approximately 272-unit “luxury rental residential community” to be […]

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23-story high-rise planned for downtown Phoenix ‘opportunity zone’

Posted by   /  February 10, 2020  /  Real Estate  /  No Comments

A partnership between True North Studio and Hatteras Sky plans to build a high-rise near First Avenue and McKinley Streets. / Provided by SVN Desert Commercial Advisors / Phoenix Business Journal By Corina Vanek | Phoenix Business Journal A local developer is partnering on a project in downtown Phoenix that could land a 23-story high-rise featuring […]

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Inside the Phoenix warehouse that the Format’s Sam Means is restoring

Posted by   /  February 7, 2020  /  Real Estate  /  No Comments

Sam and Anita Means / Instragam By KiMi Robinson|Arizona Republic Sam Means has never been just a musician, even when he was half of the hit Peoria-born band the Format in the 2000s and later as a solo artist. He extended his creative spirit into graphic design, designing merchandise and websites for the Format and other bands. […]

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Phoenix office market ends year with some strength

Posted by   /  February 5, 2020  /  Real Estate  /  No Comments

By Mike Sunnucks | Rose Law Group Reporter The metro Phoenix office market ended 2019 with a 16.1 percent vacancy rate and annual absorption (net leasing) of 3.9 million square feet, according to fourth-quarter numbers from Lee & Associates Commercial Real Estate Services. The office vacancy rate ended the year unchanged from the third quarter […]

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Phoenix looks to add properties to airport redevelopment inventory

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

By Mike Sunnucks | Rose Law Group Reporter The city of Phoenix is looking at two parcels of land for potential redevelopment. The Phoenix City Council is scheduled to vote tomorrow to allow city managers to acquire parcels of land at 627 S. 9th Place and 2339 S. 13th Street. The latter land is off […]

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Metro Phoenix is expected to add 1 million people by 2030. Where will they live?

Posted by   /  January 26, 2020  /  Real Estate  /  No Comments

Twitter Catherine Reagor | Arizona Republic Metro Phoenix is expected to grow by 1 million people during the next decade. That will be like adding a city the size of San Jose, California, or Austin, Texas, to the Valley. The billion-dollar question is where all those new residents will live. Most of the available land is […]

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The Monday Morning Commute: Ask the traffic engineer; here’s what stopped train-car collisions in Phoenix

Posted by   /  January 26, 2020  /  Featured News, Transportation  /  No Comments

Summit Land Management, Paul Basha, provides answers and proves that thinking about traffic is really interesting!! Phoenix light rail collision study For those who have lived in metropolitan Phoenix for more than a decade, you may recall that when the light rail system began operation in December 2008, there seemed to be a train-car collision […]

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