Scottsdale Council Asks Legislature for Short-Term Rental Changes

By Melissa Rosequist | Scottsdale Independent Scottsdale City Council has reportedly sent a unified letter to the Arizona House of Representatives leader seeking changes to short-term rentals, as the municipality strengthens its regulations on the 4,000 vacation homes in city bounds. The move comes as new reporting done by Scottsdale illustrates short-term rentals are bringing …

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Paradise Valley to Propose Strict Short-Term Rental Regulations

By Melissa Rosequist | Daily Independent If a vacation rental home you tried to book asked for background checks for you and all your guests, would you move forward with booking the property for the weekend? This new rule, which officials say is to ensure sex offenders don’t rent short-term rental properties, and other potential …

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High Demand for Build-to-Rent Model with Valley Roots

By Angela Gonzales | Phoenix Business Journal With more than 5,000 existing units and more than 6,900 more units under construction in metro Phoenix, the wildly popular build-to-rent sector is continuing to explode in Arizona and is now building momentum across the nation. With 32 build-to-rent communities already in place across the Valley, there are …

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Scottsdale Luxury Developer Has 2,500 Apartments in the Pipeline

By Angela Gonzales | Phoenix Business Journal Ian Swiergol, managing director for Scottsdale-based Alliance Residential Co.’s Southwest region, has $500 million in apartments under construction and another eight projects totaling $600 million and about 2,500 units in the pipeline in metro Phoenix. These plans come at a time as Alliance Residential is opening Broadstone Portland, …

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Phoenix Investor Creates Firm to Manage $1B in Properties

By Angela Gonzales | Phoenix Business Journal Phoenix-based Rise48 Equity — which is on track to close on $550 million in metro Phoenix apartments in 2021 — has formed its own property management company to manage all its own communities. To be called Rise48 Communities, the new property management firm will take over management of …

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Scottsdale Real Estate Exec Wants to Help iBuyers Save Money

By Angela Gonzales | Phoenix Business Journal Ted Sprink, managing director of Scottsdale advisory firm Integrated Growth Strategies, founded iTitleTransfer LLC to reduce time and costs associated with the transfer of properties. Upward of 75% to 80% of residential property searches reflect a clean title and don’t require title insurance to transfer title, he said, …

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Dual Effort Needed to Fix Arizona’s Housing Crisis

By Tom Simplot & Howard Epstein People are flocking to Arizona. Our limitless opportunities for businesses, families, and young professionals combined with our unparalleled quality of life has transformed Arizona. But one consequence of growth is the impact it is having on housing. A recent Phoenix Business Journal article detailed the steady flow of people …

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Experts Say Demand is High for Smaller Commercial Spaces

By Corina Vanek | Phoenix Business Journal While national companies and larger office users have mostly slowed plans to lease office space, smaller tenants seeking space in Phoenix will still likely face competition. Laurel Lewis, senior vice president at NAI Horizon, said lease rates have continued to go up, even during the pandemic, so tenants …

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5-Story Apartment Complex Planned Near Kierland Commons

By Mark Carlisle | Daily Independent A 261-unit, five-story apartment building is planned near Kierland Commons. The proposed project, called Davis Kierland, is slated for a 4.2-acre property southwest of 71st Street and Marilyn Road. It is mainly surrounded by offices and is a block south of Phoenix’s Kierland Commons shopping center. Opposite Scottsdale Road, …

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Proposition 463 Puts Scottsdale General Plan 2035 to a Vote

By Suzanne Brown What is Proposition 463? Prop 463 is a ballot proposal to approve and ratify Scottsdale General Plan 2035 which was adopted by the Scottsdale City Council on June 8, 2021. What is General Plan 2035? General Plan 2035 is an expression of community vision, aspirations, values and goals. It is a decision-making …

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