By: Ahwatukee Foothills News  A Chicago-based global real estate investment company has purchased the Mountain Park apartment complex in Ahwatukee for just over $70 million. LaSalle Investment Management’s purchase of the 240-unit complex at 44th Street and Ray Road was announced last week by the de

By: AZ Big Media  When it comes to protecting your physical and mental health, a hike or walk in the great outdoors can be very beneficial. And according to a new study published by Gambling.com, Arizona has been named the 5th Best State in America for Long Scenic Walks. The data research team at Ga

By: AZ Big Media  Skyrocketing home values in the Phoenix-Mesa-Scottsdale metro area have increased homeowner's wealth by 118% in the past 5 years. In fact, Phoenix saw the 2nd most significant percentage increase in wealth from homeownership in the country. Over this period, homeowners in the area

By: Mansion Global  While homeowners with paid-off property would see a complete tax exemption, those with reverse mortgages would see a significant hike Q: I heard that there’s a bill to eliminate property taxes in Arizona. If passed, how would the change affect homeowners? A: Last month, Arizona s

By: AZ Big Media  Homeownership has always been considered a piece of the American dream. And there are a number of reasons why, beyond the picture-perfect vision of a yard with kids playing and a dog on the front stoop. Homeownership is part of the American dream because the other part of that drea

  By: Multi Housing News  Featuring 291 units and a speakeasy library, the property is the company’s third development in the town of Chandler.   Wood Partners has opened the Alta Chandler, a luxury community near Phoenix. The 291-unit project is the company’s third development in downtown Chandler,

By: realtor.com  It only took about two weeks for the ranch with the notorious railroad-car bunker to be claimed. An offer has been accepted on the Arizona landmark that was listed recently for $1.35 million. Located in Cave Creek, AZ, about an hour north of Phoenix, the unusual property offers even

By: Bankrate  A state that’s synonymous with year-round sunshine and expansive desert landscapes, Arizona is the 14th most populous state in the country — and growing. Over the past decade, it has attracted more than 860,000 new residents, increasing Arizona’s population by 13.4 percent. Whether you

By: Keeping Current Matters  The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices. Local price trends still vary by m

By: AZ Big Media  The specter of recession looms over 2023, with the prices of eggs — along with other consumer goods — rising while home prices are falling. Indeed, the New York Post obtained a note from Goldman Sachs to its clients highlighting Phoenix as one of four markets that could experience

Downtown living is finally making a comeback after the pandemic-driven flight to the suburbs. But not all downtowns are cut from the same cloth. Some are better than others at getting the right mix of amenities to keep residents engaged after working hours. One of the best is Phoenix, which ranks in

By: AZ Big Media  When it comes to commercial real estate development, Arizona is the second highest ranking state in the U.S. for overall contributions of real estate to state GDP of $91.3 billion, $41.2 billion in direct spending, $37 billion in personal earnings, and 661,000 jobs supported in 202

By: AZ Big Media  The Senate Commerce Committee has approved SB1541, a bill requiring the Arizona Department of Revenue (ADOR) to deposit 55 percent of unclaimed property sale monies into the Housing Trust Fund (HTF). The Housing Trust Fund provides funds for rental assistance, houselessness service

By: KTAR News  PHOENIX — Rainbow Road is among the most iconic Mario Kart maps and a developer plans to bring it to life in the form of an apartment building in downtown Phoenix. The 36-unit multi-family property at First and Portland streets will have a real life “rainbow road” through the courtyar

By: Mansion Global  The Scottsdale property boasts a sports court, a pool with a swim-up bar and an outdoor kitchen and dining area   A custom-designed spec mansion being built in Scottsdale, Arizona, has hit the market for $9.4 million. Located in a planned community, the residence is set to have m

  By: AZ Big Media  The Phoenix metropolitan retail market tallied a year-end 2022 vacancy rate of 5.7% which is a 40 year low for the market, and 250 basis points lower than 2020’s vacancy of 8.3%.  This breakthrough performance was fueled by absorption of 3.6 million square feet of space, which fa

By: AZ Big Media  While remote work has boomed in the last three years, the majority of working Americans still commute to work. According to the Census, a one-way commute took workers an average of 25.6 minutes in 2021. Using this estimate, workers in 2023 will average almost 222 hours (or a little

By: AZ Big Media  SmartAsset released a study analyzing the most affordable places to live in Arizona. The eighth annual study weighed several factors, including taxes, homeowners’ insurance, and home costs relative to the local median income. Places where home ownership costs were lowest relative t

By: AZ Big Media  When it comes to the Arizona real estate market conditions, it’s important to remember a few truths: Everything, from demand, to interest rates, to supply, has its own season. Arizona is its own unique market. And, forecasts for Phoenix real estate done by anyone outside of the mar

By: AZ Big Media  Housing affordability dropped to a new low nationally and in Arizona during the fourth quarter of 2022. The National Association of Home Builders/Wells Fargo Housing Opportunity Index, released February 9, indicated that only 38.1% of new and existing homes sold in the fourth quart