Tag: Real Estate

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Pioneer Title Agency opens north Phoenix branch

pioneer title agency

Pioneer Title Agency, an award-winning family-owned business focused on title insurance, escrow, trustee sales and builder-related trust services, announces the opening of its High Street branch, located 5355 E. High St., Suite 131, in Phoenix.

Founded in 1985 and initially focused on providing exceptional service to Arizona’s smaller communities, Pioneer has grown to over 75 locations by remaining true to its mission of “a commitment to service” since its inception.

The branch joins sister locations in Peoria, Scottsdale, Queen Creek, Snowflake, Flagstaff, Lake Pleasant and Maricopa, which have all opened their doors in the past 18 months.

– Tom Davis, Pioneer Title Agency

‘Real Estate Focus:  What’s Ahead in 2020’ Will Be The Topic At the Arizona Association for Economic Development’s August Luncheon

(PHOENIX – Aug. 2, 2019) – “Real Estate Focus:  What’s Ahead in 2020”” will be the topic at the Arizona Association for Economic Development’s (AAED) August luncheon.  It will be held on Aug. 13 from 11:30 a.m. to 1:15 p.m. at 2901 N. Seventh St. in Phoenix.

Phil Breidenbach and Rob Martensen, executive vice presidents with Colliers International, and Nate Nathan, president of Nathan & Associates, will share insights and provide their outlooks into what to expect in the real estate market in the coming year.

The cost of the luncheon is $50 for AAED members, $65 for non-members and $75 for late registrants. To register, visit www.aaed.com/event/aug13.    The registration deadline is Thursday, Aug. 8 at noon. Vegetarian meals must be requested in advance. For more information, call AAED at (602) 240-AAED (2233), or visit www.aaed.com.

AAED, founded in 1974, has a mission to serve as Arizona’s unified voice advocating for responsible economic development through an effective program of professional education, public policy and collaboration.

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Government, civic and business leaders gather to celebrate Avalon Apartment Homes

Avalon Apartment Homes

On Jan. 24, Avondale Mayor Kenn Weise was joined by WESTMARC President Sintra Hoffman, former Congressman Lorenzo Sierra and other Arizona civic and business leaders at a VIP reception to celebrate the opening of Avalon Apartment Homes. The property, located at 2005 N 103rd Ave., is the first multifamily complex to open in Avondale in 10 years.

The $80 million, 400-unit luxury apartment home complex broke ground in August 2017 and is, to date, 50 percent occupied. Avalon is owned and managed by Heers Management, which specializes in West Valley development and boasts five other communities in the area.

– The Arizona 100 staff

Inland Empire Builders served as the general contractor, and Eric Miller Architects served as the architect on the project in partnership with Heers. Congressman Sierra and the City of Avondale planning department, including director Tracy Stevens and senior planner Rick Williams, were also integral to the project.

The development features one-, two- and three-bedroom apartments ranging from 700 to nearly 1,200 square feet. Unique amenities include: a 2,500-square-foot state-of-the-art fitness center with outdoor CrossFit training station; resort-style pool with cabanas; lush landscaping; pet experiences, including two pet parks on property; and a social pavilion with barbecues and a fire pit.

Avalon Apartment Homes are ideally located right off the I-10 and Loop 101 – not to mention just minutes from State Farm Stadium and the Westgate Entertainment District as well as theaters, shopping and several grocery options.

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Artspace Mesa Lofts designed as eco-friendly live/work spaces for local artists

Artspace Mesa Lofts

Artspace Mesa Lofts – a 50-unit multi-family development consisting of live/work space for artists and their families – is now open. Units include studio, one-, two-, and three-bedrooms with rents serving households below 60% of the area’s median income level. The project includes 1,450 square feet of commercial space for nonprofit arts-focused organizations and creative businesses, and 2,900 square feet for events and exhibitions.

There is a working art studio space in each unit. The project also incorporated various energy efficient systems including LED lighting and low flow water restrictions to achieve a LEED certification.

– Barry Chasse, Chasse Building Team

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How to be a best bet for a contracting loan

Securing contractor loans

Commercial and residential contractors and sub-contractors have historically been considered high-risk borrowers. But, there are several things a contractor can do to increase the chances of securing a loan.

These include: maintaining accurate financial records by investing in internal bookkeeping and accounting processes; understanding the cash flow needs of the business and timing issues related to financing multiple jobs; establishing and maintaining regular, ongoing communications with the bank; establishing a management team to maintain the ability to focus on all aspects of daily operations as the business grows; and maintaining a uniform list of successful projects and clients.

– Ben Danner, Washington Federal

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Phoenix real estate industry marks strong first half

housing plan

According to a report, the Phoenix housing market is enjoying its most successful period since the early 2000s.

The study shows through the first quarter, new home starts are up 13 percent, while closings are up 18 percent year to date. It predicts there will be approximately 20,000 home starts in 2018. Additionally, the supply of vacant developed lots is in its 12th consecutive quarter of decline in the market.

The only worrisome aspect of the study: Developers are simply not able to deliver enough lots, and builders are not able to deliver the number of homes needed to satisfy demand.

– Paris Davis, Washington Federal

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Arizona sun continues to rise on solar industry

There are more than 100,000 residential solar-power customers in Arizona. With federal tax credits for solar energy systems slated to decrease over the next four years, those numbers are expected to climb exponentially as residents take advantage of the incentives before they go away.

“The federal tax credit for solar installations is 30 percent through 2019,” said Joseph Cunningham, director of operations for Sunny Energy, one of Arizona’s largest providers of residential and commercial solar energy systems. “The credit will drop to 26 percent in 2020, then to 22 percent in 2021 before going to zero in 2022.”

– Scott Hanson, HMA Public Relations

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Christopher Todd Communities breaks ground on fifth community in a year

Christopher Todd groundbreaking

Christopher Todd Communities, a local developer known for single-family rental homes and the newly launched “A New Lease on Life” program, has broken ground on Christopher Todd Communities At Stadium. The 313-home Phoenix project on 99th Avenue and Missouri will feature smart home technology and private backyards. It marks the developer’s fifth community in 12 months.

“They are scheduled to deliver 1,160 homes by 2019, making them among Arizona’s biggest builders,” says Mike Brown, Washington Federal Arizona president and project financier. “Land is also under contract in Mesa, Avondale, Goodyear and Queen Creek.”

For more, click here.

– Alison Bailin, HMA Public Relations

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“X” marks the spot: Generation X makes itself at home post-housing crisis

new homebuyers

Millennials make up the largest group of homebuyers, at 35 percent. Statistics don’t tell the full story. According to Lisa Davey of Washington Federal, a deeper dive shows the median age of Millennial buyers is 30-plus – on the cusp of Gen X.

In addition, Gen X buyers are in their peak earning years; thus their incomes are the highest among all generations. So, while Millennials might be more talked about, Gen X is the demographic making itself “at home” with major home deals and remodels statewide, thanks to a variety of smart financing and re-financing options available today.

– Alison Bailin, The Arizona 100