With the Metro Phoenix residential real estate market setting new records on a daily basis, it might help prospective buyers and sellers to have an expert’s perspective on residential real estate in the Phoenix market — where it is now and a few predictions for 2022. Here are my Top 5 predictions for Phoenix residential real … [Read more...] about Top 5 Predictions for Phoenix Residential Real Estate
Article originally posted on AZ Big Media on September 30, 2021 JLL has released its H1 2021 Data Center Outlook and in the report, Phoenix ranks No. 3 in the U.S. for new data center construction and No. 3 in the U.S. for data center absorption. Local competition is rising to an institutional level and demand doesn’t seem to … [Read more...] about Phoenix Ranks No. 3 in U.S. Data Center Rankings
Above: (Photo courtesy of Visit Phoenix, photo by dspaz.com)REAL ESTATE | 20 hours ago | AZ BUSINESS MAGAZINE ATTOM, curator of the nation’s premier property database, today released its second-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 34.4 percent of mortgaged residential properties in the … [Read more...] about Arizona No. 1 as home equity surges across U.S.
Demolition of Paradise Valley Mall in north Phoenix began July 7, 2021. The first phase of redevelopment at Paradise Valley Mall got underway on Wednesday. Crews began demolishing the former Sears and Macy’s stores at the site at Cactus Road and Tatum Boulevard. Demolition is expected to last through 2021, according to Red … [Read more...] about Demolition Of Phoenix Paradise Valley Mall Underway
Article originally posted on Phoenix Business Journal on June 30, 2021 The Phoenix metro is closing in on two uninterrupted years with the fastest-rising home prices in the nation, according to the latest S&P CoreLogic Case-Shiller Indices. The Valley’s home prices jumped 22.3% year-over-year in April — more than … [Read more...] about As Home Prices Continue to Surge Nationally, Phoenix Still Leads the Pack
Arizona’s water stewardship efforts received a major boost with an announcement by two water groups that they have achieved a $38 million funding goal to conserve 150,000 acre-feet of water (nearly 49 billion gallons) to shore up declining water levels in Lake Mead through the Colorado River Indian Tribes system conservation … [Read more...] about Landmark water deal secures 49 billion gallons of water for Lake Mead
Article originally posted on Commercial Property Executive on June 15, 2021 CRG’s Mark Sonnenberg discusses Phoenix’s potential to become the new gateway market for industrial tenants. After partnering with CRG through Bird Dog Industrial for the development of The Cubes at Glendale, a 335-acre industrial park in Glendale, … [Read more...] about Phoenix: The Epicenter Of The New West Coast
PHOENIX – Phoenix is one of the hottest real estate markets in the country, and buyer demand refuses to die down despite increasing home prices. The Phoenix metro area is down to an eight-day supply of available housing when it usually has a six-month supply. Due to the limited inventory of houses on the market, buyers are … [Read more...] about Valley Homebuilder Industry too Popular to Keep up with Rising Demand