Scottsdale Startup Gaining Traction with Minimal Tiny Homes

By Angela Gonzales | Phoenix Business Journal When Zander Diamont and Jared Amzallag started a real estate development company at the peak of the coronavirus pandemic, they kicked off with a 15-unit townhome project in Phoenix. But when their project took a bit longer than they expected, they shifted gears and began building minimal and …

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Housing, Infrastructure Critical for Workforce, Valley Mayors Say

By Audrey Jensen | Phoenix Business Journal Without more housing, infrastructure funding and water conservation, among other hurdles, the Phoenix metro could struggle to support its current and projected population and economy, according to several mayors who spoke at a Valley Partnership panel on May 13. The Valley, as well as Arizona, has taken the …

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Scottsdale-Based Build-to-Rent Developer Starts Construction Firm

By Angela Gonzales | Phoenix Business Journal Avenue North, which has been busy developing $200 million build-to-rent communities in south Phoenix, has launched a construction company to build projects for other developers and owners. The goal of this new third-party construction firm is to build 1,000 units a year, said Ryan Hartman, chief vision officer …

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Apartment Sales Topping $100M Continue to Close in the Valley

By Angela Gonzales | Phoenix Business Journal Investors are cashing in on a hot market as multifamily property sales over $100 million continue to close in metro Phoenix — even for apartment communities built in the 1980s. The biggest deal to close recently was the $166 million sale of La Privada at Scottsdale Ranch. An …

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Phoenix Expects More Population Growth But Affordability a Concern

By Audrey Jensen | Phoenix Business Journal An economic forecast for the state and Phoenix metro show Arizona will continue to add a significant number of residents, housing and jobs while dealing with inflation, supply chain issues and a low supply of homes in the growing region. Although Arizona is one of the top states …

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Paradise Valley Amends Short-Term Rental Ordinance

By Melissa Rosequist | Daily Independent The Town of Paradise Valley has amended its short-term rental ordinances to better align with state law following an Arizona Attorney General’s Investigation earlier this year. The changes mostly decrease specific language that was very detailed — such as requirements for property owners to meet renters in person and …

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Homebuyers Maximize Buying Power in Fringe Areas of Valley

By Brent Ruffner | Daily Independent How far away from the metro area are homebuyers willing to go to get a deal on a house? One Valley expert says homebuyers might have to look at fringe areas or create a larger household to afford elevated home prices these days. Buckeye, Casa Grande and San Tan …

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Valley Emerges as a Leader in Redeveloping Retail Centers

By Corina Vanek | Phoenix Business Journal When Los Arcos Mall opened more than 50 years ago in Scottsdale, it was one of the Valley’s few indoor shopping centers. The behemoth structure, anchored by Sears and Broadway when it first opened in 1969, quickly became a popular place to shop and gather. But after years …

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Redlining Still Being Felt in South Phoenix More Than 50 Years Later

By Catherine Reagor & Megan Taros | Arizona Republic Housing discrimination, including disastrous government-supported redlining is hurting south Phoenix neighborhoods more than 50 years after it was struck down as illegal and predatory. Neighborhoods across south Phoenix still have low homeownership rates among Black and Latino people after areas south and east of downtown were …

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ASU Housing Report Suggests Ways to Grow Homeownership

By Catherine Reagor | Arizona Republic Housing discrimination exists across Arizona despite laws and policies to try to reverse the predatory practices. Researchers at Arizona State University investigated how actions and regulations have shaped the housing market, limits on homeownership and potential solutions to the problems created by discrimination against some buyers. “A Brief History …

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