10th Anniversary Fall Forum Issue

Latest News

  • 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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