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This Valley city is the No. 3 most buyer-friendly housing market in the U.S.
Ten Arizona cities are among the best housing markets for buyers, but one in the Northwest Valley ranks No. 3 in the nation.
Top 40 luxury home sales hit $163M in one week, led by huge Paradise Valley deal
Sparrow Ventures LLC paid $14.58 million for a Paradise Valley estate to lead the top 40 luxury home sales in the Phoenix area, that generated $162.6 million between March 11-17.
Preleasing begins at 722-unit Shorehaven on Tempe Town Lake; plus more Valley deals
The first of three towers on Tempe Town Lake opens April 15 with 248 units. Plus, our weekly roundup of Valley real estate deals includes a Scottsdale coffee brand's expansion, the bargain sale of a townhome community and more.
The HOA effect on the housing market is growing
The effects of homeowner associations on the housing market are growing. Here's what's changing.
Downtown Phoenix sees fewer cranes, but development remains steady
A report from Rider Levett Bucknall says many projects have advanced beyond the stage requiring large cranes. Here's where construction activity is heating up.
Phoenix home inventory retreats, price growth trails national averages
Phoenix inventory fell 3.8% in February as mortgage rates climbed back toward 6.4%. Local sellers now face a market defined by flat pricing growth.
Tempe deputy economic development director departs
April Kroner spent two years overseeing business attraction and redevelopment. Her departure leaves both top economic development positions unfilled. The previous director was fired after a city audit found financial irregularities.
Window closes for Arizona homebuyers as builders plan to scale back rate buy-downs and deals
Homebuilders are slowly pulling back on incentives, which means that window for Arizona homebuyers to get a good deal on a new home is slowly closing.
Colorado River plan draws fire from all seven states as comment period reveals deep divisions
WASHINGTON – The Bureau of Reclamation has been flooded with comments on its plan for dividing the Colorado River’s dwindling supply of water – over 18,000 from the states, cities, tribal nations, industry groups and others that rely on it.
Few are happy about the plan. Most are very unhappy.
“The Colorado River reservoir system cannot be stabilized simply by reallocating scarcity,” The Nature Conservancy, Environmental Defense Fund and other groups wrote in one comment, criticizing…
Scottsdale investor Rise48 snags apartment asset at 'massive discount'
A Scottsdale investor is back in acquisition mode after a lengthy pause, buying apartment properties at "massive discounts," including a 194-unit East Valley property.
Paradise Valley estate sells for $16M two days after listing
This newly built Paradise Valley estate with a wellness retreat and Camelback Mountain views sold for $16 million, or more than $1,900 per square foot. The developers have five more mansions in the works.
Builder's affordable housing concept strips garages, adds density in proposed Avondale project
Lennar is proposing a unique way to offer more density for more affordable homes. Here's what the builder plans to present to Avondale City Council in April.
Remax brokerages merge to create network of 400 agents across Arizona
The Scottsdale-based brokerage acquired Remax Professionals in January and is set to close on Remax Solutions. The combined company operates 10 offices across Arizona.
Paradise Valley dual-property deal leads latest weekly luxury sales report
A dual-property transaction on North Casa Blanca Drive and a $20 million Paradise Valley estate led luxury home sales activity in the Valley during the week ending March 9.
Developer seeks 350 more luxury condos at $1B Scottsdale project
DMB Associates wants to reduce commercial space at a major Scottsdale development from 2.8 million square feet to 1.5 million square feet. The change reflects shifting demand for office space.
Scottsdale museum unveils $12M expansion with four new exhibitions; plus more Valley real estate deals
The two-story Louis Sands IV Center adds 12,000 square feet to Western Spirit: Scottsdale's Museum of the West. Plus, our weekly roundup of Valley real estate deals includes big acreage sold in Buckeye and an outdoor storage facility trading hands.
Arte Moreno pays $125M in cash for Biltmore luxury apartments — highest price so far this year
With a net worth of $5 billion, Arte Moreno – the owner of the Los Angeles Angels – is ranked by Forbes as the fifth richest Arizona resident. Here's where he's spending his cash.
Canadian developer to launch The Ritz-Carlton Residences in Tucson market
The Canadian developer behind the Ascent luxury community at The Phoenician now has its eye on Tucson for a Ritz-Carlton luxury resort destination.
Phoenix ranks 13th for office-to-apartment conversions as 1,550 units take shape
The Valley has 1,550 units being converted from office to apartments, and One Camelback in midtown Phoenix is a prime example. Its new owner expects leasing on that project to begin this year.
These are America's hottest luxury housing markets
The luxury housing market has been insulated from some of the recent twists and turns of the broader market — and these ZIP codes lead the way nationally.
