Scottsdale REALTOR® Appointed to CREA Global Committee

Scottsdale Area Association of REALTORS® (SAAR) member Tricia Lehane has been selected as the only U.S. REALTOR® to serve on the Canadian Real Estate Association (CREA) 2019-2020 Global Committee. CREA CEO Michael Bourque informed Lehane that she was appointed “to help members participate in international business opportunities, while influencing policy significantly affecting Canadian REALTORS®.” A …

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Papago Plaza Redevelopment to Begin This Summer

By Corina Vanek, Phoenix Business Journal (Apr 9, 2019) – Reprinted with permission After receiving approval from the Scottsdale City Council to raze and redevelop the vacant Papago Plaza, to be known as Papago Marketplace, developers are headed back to the design review board after adjusting plans to reflect feedback from neighbors. Most changes have …

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Commercial Mentorship key to rising in Valley real estate sector

By Corina Vanek, Phoenix Business Journal (Jan 24, 2019) – Reprinted with permission From left standing, Jeff Conrad, Jerry Marrell and Craig Coppola. Seated from left, Grant Kingdon and Stirling Pascal.JIM POULIN | PHOENIX BUSINESS JOURNAL For young people starting out in commercial real estate, mentorships can provide valuable connections and lessons for building a …

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Developer Turns Small Mixed-use Projects to Fill Shopping Center Void

By Corina Vanek, Phoenix Business Journal (Jan 24, 2019) – Reprinted with permission As large-scale malls and shopping centers have been in decline in recent years, developers are turning to small-scale, mixed-use developments to fill a niche. “People still want the experience for retail, but we can’t do it on that scale,” said David Sellers, …

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Mark-Taylor has $338M in Multifamily Construction Projects in the Works

By Angela Gonzales, Phoenix Business Journal (Jan 27, 2019) – Reprinted with permission Mark-Taylor Cos. is working on several multifamily construction projects while it also turns its eye toward acquisitions this year. Chris Brozina, recently promoted to CEO, said the Scottsdale-based company has four luxury apartment projects under construction, with 1,628 units totaling $338 million …

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Change in Tax Rate Effective February 1, 2019

Effective February 1, 2019 the Scottsdale transaction privilege tax (TPT) rate will be 1.75% and the use-tax rate 1.55% (both up 0.10%). Tax returns for February, that are due in March, must reflect this change. Taxpayers will continue to submit their tax returns to the Arizona Department of Revenue (ADOR) and everyone who has a TPT …

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Arizona market in its third year of being promoted at MIPIM, the world’s property market conference

The Scottsdale Area Association of REALTORS® to showcase area markets at conference in Cannes, France, March 13-16, 2018. SCOTTSDALE (December 28, 2017) – MIPIM, the world’s leading global real estate market, business conference and networking event, will welcome the Scottsdale Area Association of REALTORS® (SAAR) to its 2018 event in Cannes, France. SAAR will be …

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Recap of local market assessment for Region XI, Arizona interest

Global interest is sparked in Arizona as well as Colorado, Nevada, New Mexico, Utah and Wyoming. In an assessment of these local markets, the National Association of REALTORS® examines ways to help cultivate global business. The recent publication (hard copy and online) reviews case studies, which offered details that can be applied to any market. …

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Arizona market to be promoted at MIPIM, the world’s property market conference

SCOTTSDALE (March 13, 2017) – MIPIM, the world’s leading global real estate market, business conference and networking event, will welcome the Scottsdale Area Association of REALTORS® (SAAR) to its 2017 event in Cannes, France. SAAR will be part of the growing USA pavilion, hosted by the National Association of Realtors (NAR), the United States’ largest …

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IREM / CCIM annual economic forecast proved enlightening to attendees

This past Friday (Jan. 20), senior staff from the Scottsdale Area Association of REALTORS® had the opportunity to attend the 10th annual IREM/CCIM Economic Forecast event at the Arizona Biltmore. On a day when the Valley was inundated with remarkable, pristine automobiles being showcased at various luxury car shows/auctions–including the one at the Biltmore–many in the real estate industry found more …

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