• Gradual market rebound leaves plenty of room for growth

    By Suzanne Heyn   The slow, steady growth underway in Phoenix’s multifamily real estate market is a departure from the traditional boom/bust ride. Brad Goff, principal with ARA Real Estate Investment Services, calls it the first solidly healthy market since the 1970s and expects growth to continue through 2016 or 2017. “The Phoenix market typically

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  • Cover Story: All in the Multifamily

      The real estate recovery since the end of the recession in 2009 has rippled across the market, from land to industrial, single family, and office. However, there has been a particular and significant leader in this rising tide that has lifted all boats: multifamily. As the housing recession pushed a wave of owners into

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  • All in the Multifamily

    All in the Multifamily Home is where the heart is, and for the developers, lawyers, brokers and other professionals featured in this multifamily issue, their hearts are where the homes are. This issue, we keep things “All In the Multifamily.” A handful of individuals and partners representing nine firms share their journey to the multifamily

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  • CBRE FHA Lending Group Provides $9M in Non-Recourse Financing for Clarendon Park Apartments

    CBRE Group, Inc., through its FHA Lending Group, (which operates as CBRE HMF, Inc.), announced today the successful refinancing of the Clarendon Park Apartments, a market-rate apartment project located in Phoenix. The loan was funded through CBRE’s FHA-insured permanent loan program providing a fixed rate, 35-year, fully-amortizing loan.  Clarendon Park Apartments is a 138-unit apartment

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  • NorthMarq Arranged $8.94 Million Mortgage for The Vineyards Apartments in Glendale

    James DuMars and John Kinser of NorthMarq’s Phoenix regional office, arranged first mortgage refinancing of $8.94 million for The Vineyards Apartments, a 300-unit, market-rate suburban multifamily property located in Glendale, Arizona.  Financing was based on a 7-year term and a 30-year amortization schedule.  NorthMarq arranged this financing for the borrower, Vineyard/Phoenix Investments, LLC, an Arizona

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  • SRS Real Estate Partners Sells Former Bank Building

    SRS Real Estate Partners announced the sale of a former bank building with a drive thru, a 5,000-square-foot single-tenant single story building located at the southeast corner of Broadway and Greenfield roads in Mesa, Ariz. Sean Thomas represented the seller in the transaction, Antelope Ranch Holdings, LLC.  

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  • GoBankingRates.com Study Finds CD Rates in Phoenix Fall Behind State Average

    Before the recession, Phoenix depositors could easily yield 6 percent interest annually from a certificate of deposit, while today’s depositors are lucky to earn more than 0.18 percent on a short-term CD. By reviewing GoBankingRates.com’s latest comparison of CD interest rates on the city, state and national level, local account holders can identify the CD

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  • Construction Employment Gains Remain Spotty July

    Construction employment continued its spotty improvement in July, as more states posted year-over-year gains but most states posted decreases compared with June, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials said the steady improvement in employment in many states was welcome news, but cautioned that the

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  • Construction Set To Begin on Third SkySong Office Building

    Construction is set to begin on the third office building at SkySong, The ASU Scottsdale Innovation Center, continuing the momentum on one of the most successful commercial development projects in Arizona over the past few years.  With the first two office buildings at SkySong almost fully leased, work will begin on SkySong III on August 19, with a groundbreaking ceremony scheduled for late

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  • CEM Fall Forum Panelist Featured on Wall Street Journal Online

    “Healthcare Trust of America, Inc., Chairman and CEO Scott D. Peters will participate in Commercial Executive Magazine’s Fourth Annual Fall Forum on September 12, 2013. The Fall Forum is one of Arizona’s most prominent commercial real estate gatherings, featuring many of the top business leaders in the state. This year’s event is focused on the

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