Why the Pro-Housing ‘Yimby’ Movement Is Wading Into the Election
The video call that would host a parade of the Democratic Party’s most prominent officeholders began with a man in a barren room issuing this clarion call: “Welcome to Yimbychella!” To the thousands who had tuned in, Armand Domalewski’s words required no explanation. For everyone else, what he meant was that the call was the […]
North Phoenix office park will be converted to apartments
A long underused office park near the old Metrocenter mall will soon be transformed into several hundred apartment units. Phoenix has a severe housing shortage and converting existing buildings into apartments can get units online faster while breathing new life into sleepy office parks. Scottsdale-based Caliber purchased the mostly vacant 312,000-square-foot Canyon Corporate Center at […]
Sixteen housing projects in Chandler are stalled
At least 16 residential projects in Chandler have received permits, but developers haven’t begun construction. One of those projects was entered into Chandler’s development pipeline back in 2016. The city’s planning administrator, Kevin Mayo, said the reasons developers have been unable or unwilling to build vary greatly. However, some common obstacles over the past five […]
More Phoenix renters choose lease renewals over new apartments
This summer turned rental trends on its head. More Phoenix renters decided to stay put compared to last year’s peak moving season, and it’s not due to a lack of options. Here are details from RentCafe.com’s Rental Competitiveness Report: Phoenix saw the 5th highest increase in supply in recent months — 1.64%. Yet 57.1% of […]
Task force working for Pinal affordable housing
FLORENCE — The inter-departmental Pinal County Housing Task Force is working to increase affordable housing. “Essentially what we are wanting to see is a further commitment by the county to encourage and support private investment in a variety of different housing options,” Pinal Grants Manager Heather Patel said. The committee also wants to see affordable […]
More than 100 studies point to downsides of rent control
While rent control policies do slow rent growth in the buildings in which they are in effect, they also lead to a variety of unintentional negative effects, according to a new report published in the Journal of Housing Economics. The report is based on a review of over 112 studies on rent control across the […]
The Unconstitutionality of Kamala Harris’s Rent-Control Plan
Over the last several weeks, Kamala Harris has repeatedly promised to institute a federal rent cap — a policy that may sound good to some thanks to the inflation that has run rampant over the last four years. Source: https://www.nationalreview.com/2024/09/the-unconstitutionality-of-kamala-harriss-rent-control-plan/
CaliberCos plans apartment conversion for Phoenix office campus to potentially house TSMC employees
CaliberCos Inc. sees a big opportunity with a nearly vacant office campus. The Scottsdale-based wealth management and real estate investment firm has acquired the more than 300,000-square-foot, two-building Canyon Corporate Center from ViaWest Group which includes two parking garages. Caliber plans to renovate the buildings and develop a minimum of 400 apartment units with the […]
Half of America’s rental households considered cost-burdened
Although a slowing rental-housing market may mean more concessions and even rent cuts in some locations, effectively half of America’s renters currently are considered cost-burdened. That’s according to one-year estimate data from the U.S. Census Bureau’s 2023 American Community Survey released last week. It found 21.1 million renters spent 30% or more of their income […]
Lender Expands Loan Programs to Assist Arizona Real Estate Investors and Developers
Hard Money Lenders Arizona, a leading provider of private money loans, announced the expansion of its loan programs to better support investors throughout Arizona. Under the leadership of Michael Iuculano, the company is introducing enhanced Acquisition and Development financing options tailored to meet the growing needs of real estate investors and developers in the region. […]
