West Valley growth expected to soar over next decade
A land and housing forecast presented by the Land Advisors Organization revealed that a predicted 55% of Arizona’s growth over the next 10 years will be in the West Valley. A webinar led by Greg Vogel, founder and CEO of the Land Advisors Organization, and Tina Tamboer, senior housing analyst with The Cromford Report, broke […]
Bryten Real Estate Partners notches 2024 NAA ‘Top Employers’ award
Bryten Real Estate Partners, a Phoenix-based multifamily management and consulting company serving 11 states and more than 30 cities across the nation, was recognized as a top 10 employer by the National Apartment Association. Bryten has been honored as a NAA Top Employer for the past three years, according to a press release. The NAA […]
Payson Development Plan Concerns Residents
Developers of a planned subdivision and area residents recently engaged in sometimes heated exchanges at a public meeting in Payson to discuss the project. The development includes 30 single-family homes, a multifamily development and a storage facility. Site preparation has already begun for an RV storage facility. An official with developer ELS Ventures dealt with […]
Sedona City Council Considers Doubling Development Fees
The Sedona City Council recently held a public hearing on a set of proposed increases in development impact fees. If approved, the new fees would more than double: Units smaller than 700 square feet would increase from $3,273 to $7,381 (126%) 1,500 square feet would increase from $5,832 to $12,018 (106%) 2,500 square feet would […]
Kamala Harris wants to make it easier to afford housing in Arizona
After years of a worsening housing crisis in Arizona, Kamala Harris’ proposals seek to create three million homes by 2028, provide down payment assistance to first-time home buyers, and crack down on price fixing among corporate landlords. Since launching her campaign, Democratic presidential nominee Kamala Harris has promised to focus on economic opportunity and rebuilding […]
U.S. Rep. Ciscomani: Tackling Arizona’s affordable housing crisis
Today’s housing affordability crisis is directly related to the inadequate supply of affordable homes. Over the past 15 years, the United States has underbuilt housing by millions of homes. This undersupply is driving both rental costs and home sale prices steadily higher, making it more and more difficult for both individuals and families to live […]
Property Owners Face $1.5 Trillion Maturity Wall Before 2026
For the last two years, many lenders, brokers, analyst firms, and other experts have warned about a coming CRE debt maturity wave. JLL has sized this wave and estimates that the total due by the end of 2025 is $1.5 trillion and that about a quarter, or $375 billion, will have a hard time refinancing. […]
$500,000 Grant Bolsters Nonprofit Fund to Provide Emergency Housing Support
Pilgrim Rest Foundation is doubling its efforts to prevent homelessness across the Phoenix metropolitan area, thanks to a sizable grant from the Nina Mason Pulliam Charitable Trust. The $500,000 grant is designated for emergency rental assistance for individuals and families in need. The Pilgrim Rest Human Services Fund was created to provide emergency financial assistance […]
Housing development on church properties is a national trend
The former Ascension Lutheran Church site in Paradise Valley sold in July 2023 for $11 million to a developer that plans to make way for single-family homes. Ascension is one of half a dozen metro Phoenix churches facing full or partial demolition as parishioners figure out new ways to use the space and capitalize on […]
Affordable housing is top issue for Arizona voters on all sides
You can probably guess several of the issues that are heavy on the minds of Arizona voters these days – inflation, immigration and abortion frequently rank at the top of their concerns. But a new poll from Noble Predictive Insights shows that, for the first time in decades, if ever, affordable housing is now […]
