Valley Real Estate News

Jan. 4, 2022

Is Arizona Running Out of Affordable Housing?

As 2022 dawns, many in Arizona worry that the state is running out of affordable housing. Skyrocketing real estate prices coupled with low inventory have created housing problems for low to middle-income residents. 

A recent National Low Income Housing Coalitions (NLIHC) Gap report shows that Arizona ranks as the ...

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Dec. 21, 2021

Here’s why experts predict strong economic outlook for Metro Phoenix

The United States, Arizona and the Phoenix metro area have all bounced back from the steep but short economic recession induced by the pandemic, and the economic outlook is good, according to Arizona State University’s economic forecaster.

Lee McPheters, research professor of economics and director of the JPMorgan Chase Economic ...

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Dec. 10, 2021

Metrocenter Mall is getting a $750 million makeover

Metrocenter Mall is getting a $750 million makeover

One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition to the city’s core. Concord Wilshire Capital (“CWC”) and TLG Investment Partners announced today that they ...
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Nov. 10, 2021

$70 million private jet service facility planned for Phoenix-Mesa Gateway Airport

 

Gulfstream Aerospace Corp., one of the world’s leading private jet manufacturers, has chosen Mesa as a destination to build its West Coast maintenance, repair, and overhaul facility. The company, which is owned by General Dynamics Corp. (NYSE: GD), announced Tuesday morning that it would investing $70 million into a ...

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Nov. 2, 2021

New developer of luxury single family rental homes has plans to build 1,100 Valley units

 

 

Steve La Terra, a former real estate analyst, has officially launched TerraLane Communities with plans to build more than 1,100 upscale luxury single-family rental homes in metro Phoenix within the next two years.

 

With $250 million in assets already under development for five communities in metro ...

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Oct. 26, 2021

Estrella master-planned community sold to heavy-hitting joint venture

A heavy-hitting team has paid $215.5 million for the 20,000-acre Estrella master-planned community in Goodyear, making it the second largest transaction in the West Valley within the past week. This deal, which closed Oct. 21, follows  Howard Hughes Corp.'s $600 million purchase of the 37,000-acre Douglas ...

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Oct. 21, 2021

Howard Hughes Corp. pays $600M for Douglas Ranch in Buckeye

 

 

The Howard Hughes Corp. (NYSE:HHC) has plopped down $600 million

for the proposed 37,000-acre Douglas Ranch master-planned community in

Buckeye.

 

The proposed development — 35 miles from downtown Phoenix on the

west side of the White Tank Mountains — is expected to have 100,000 ...

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Oct. 6, 2021

The path of progress: Builders pave the way for 270 square miles of development in far East Valley

When a pair of homebuilders plopped down $245.5 million as the winning bidder for 2,783 acres of state land in November, the stage was set for the development of yet another chunk of the far East Valley.

That's because the Arizona State Land Department crafted the bid ...

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Sept. 17, 2021

The Kay-Grant Group's Julie Jarmiolowski Earns Guild Recognition!

 

Julie Jarmiolowski earns Guild recognition from the Institute for Luxury Home Marketing!

In December 2019, our very own Julie Jarmiolowski received her Luxury Home Marketing Certification from the Institute for Luxury Home Marketing. Less than two years later, she has closed multiple transactions with a sold price of $1 ...

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Sept. 10, 2021

CapRock Partners launches largest spec industrial complex in history of Phoenix

This article originally appeared on September 10, 2021 on asbigmedia.com

 

CapRock Partners, a leading industrial investor, developer and asset manager in the Western U.S., today announced the development commencement of CapRock West 202 Logistics, the largest speculative industrial real estate project in the history of the City ...

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