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Arizona Real Estate Industry News

JetClosing raises more cash to expand mobile-first real estate closing platform

01/15/2018 JetClosing is finding traction with its mobile-first real estate closing platform ... currently operates in Washington, Colorado, and Arizona, where it launched this past October. Here’s more description from the company’s FAQ page: However, JetClosing ...

Real estate and mortgage startup Homie expands into Arizona

01/11/2018 Real estate tech startup Homie is expanding beyond its home base of Utah. The company, which also expanded into mortgage lending last year, announced Thursday that it is now offering its services in Phoenix, Arizona. Previously, the company’s services ...

Real estate company owner faces prison time in fraud cause

01/11/2018 PHOENIX (AP) — The owner of a real estate company faces prison time after pleading guilty ... Aguirre's sentencing in Maricopa County Superior Court is scheduled for Feb. 12. The Arizona Attorney General's Office says many of the 40 families that were ...

Real Estate Disruptor Homie Opens Phoenix, Arizona Market

01/11/2018 SALT LAKE CITY and PHOENIX, Jan. 11, 2018 /PRNewswire/ Homie, the new-way real estate brokerage, opened its second market today in Phoenix, Arizona. Homie real estate services were previously available only in the state of Utah. With this market expansion ...

Dream Getaways: $18 million estate in Arizona comes with 150,000-gallon lazy river and 3,000-bottle wine cellar (photos)

01/11/2018 Minnesotans who can afford to go big on vacation homes should take a gander at this 4.5-acre estate in Arizona's Paradise Valley ... Realtor Chris Karas of the Karas Group at Launch Real Estate has the full listing here.

Tempe is No. 1 U.S. growth city but Arizona lags among states

01/08/2018 Tempe — which is home to Arizona State University — replaces another college town, Madison, Wisconsin atop the U-Haul growth list. Madison is home to the University of Wisconsin. Tempe has seen job and real estate growth in its downtown area near ASU ...

PEM Real Estate Group Rolls Out RealPage Business Intelligence (BI) Solution for Enhanced Decision Making

01/09/2018 RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, announces that Arizona-based PEM Real Estate Group has implemented its Business Intelligence (BI) solution to enhance profitable decision ...

Selling Inherited Arizona Property: “We Buy Houses Arizona”

01/07/2018 We must help those navigating the Arizona real estate market, gain a clear picture of how things work, and make the best decision for their property.” Inheriting an Arizona property may be a dream come true for most – however, any inheritance comes ...

Arizona-based mortgage co. moves into Houston

01/08/2018 A Scottsdale, Arizona-based mortgage company has entered the Texas market ... Both London and Viviano are licensed instructors by the Texas Real Estate Commission and have created 11 custom courses, per the release. They've worked together since 1996.

Avesta Enters Arizona with Acquisition of Coronado Crossing

01/04/2018 Avesta is a fully integrated real estate investment and management firm that, since 2010, has acquired nearly 15,000 apartment homes and manages a portfolio of communities in excess of $1 billion throughout Florida, Texas, Colorado, and Arizona.

German grocer Aldi could open as many as 40 Arizona stores by 2020

01/04/2018 PHOENIX — Aldi, a German grocery store chain, could open as many as 40 stores in the next two years should officials choose to expand into Arizona. The Phoenix Business Journal cited two commercial real estate experts who said they expected the chain to ...

Amid sexual harassment claims, Arizona fires football coach Rodriguez

01/03/2018 The woman began working for the University of Arizona in 2001, and after leaving briefly to try a career in real estate, returned in 2007 and took a job in the football team. She worked under coach Mike Stoops until his firing in October 2011, after which ...

Arizona minimum wage increases to $10.50 in 2018

01/01/2018 That’s because Arizona’s minimum wage will increase 50 cents to $ ... You've got medical costs going up. You've got real estate costs that have gone up considerably in the last couple of years,” said Kilpatrick. As part of Proposition 206, the rate ...

Those Arizona Lost in 2017: They Made Us Better. And Now They Will Be Missed.

12/30/2017 Here in Arizona, there is celebration over the timely appearance ... She continued to stay involved as the group’s focus shifted toward opening up charter schools and real estate subsidiaries, and worked as a social services counselor well into her ...

Judge bans Arizona from enforcing 'racist' education law

12/29/2017 Now public school students in Arizona will be allowed to take classes that teach ... Mountain Heritage Trust Preserve in Pickens County that had been slated for real estate development will now be permanently protected by a conservation easement.

‘Climate gentrification’ is coming to Miami’s real estate market.

12/29/2017 If real estate values start to decrease rapidly for high-risk properties ... Parts of 40 states, including Arizona, have been colder than Anchorage so far. And earlier this month, Sitka, Alaska, set a new record for the warmest low temperature ever ...

How the New Tax Bill Will Impact Major U.S. Real Estate Markets

12/23/2017 John McCain of Arizona absent. Also Wednesday, the House voted 224-201 for the overhaul. President Donald Trump is expected to sign it into law in the coming days. How it will shake out in reality is still unknown, but many real estate experts have been up ...

“Property Wars” Star Sentenced for $33M Real Estate Fraud

12/21/2017 “Today’s lengthy sentence is a fitting punishment for his egregious crimes.” “Property Wars” featured Arizona-based real estate investors buying and selling foreclosed homes.

2017 Year in Review: Real estate features big deals, Bill Gates and Amazon

12/21/2017 Real estate still is the main economic barometer for Phoenix. It’s still where money, deal makers and speculation reside in the desert. It shows where the money is — and isn’t — being bet on Arizona. So what are the three big real estate and ...

Virtua Partners acquires two Arizona properties

12/20/2017 Harrison Street in Goodyear, Arizona. During escrow, Virtua affiliate Quyp Development ... About Virtua Partners: Virtua Partners is a private equity firm specializing in commercial real estate. Virtua sponsors a variety of funds and commercial real ...

Reality TV star gets 17 years in prison over $33M real estate fraud

12/20/2017 That ID theft scheme totaled $2 million, according to investigators. ‘Property Wars’ ran on the Discovery Channel and featured Arizona real estate investors buying and selling foreclosed homes. “Menaged engaged in a multi-year fraud scheme and ...

$15.65 Million Arizona Mansion Breaks Price Records

12/20/2017 More: Read More About Luxury Real Estate in Arizona Luxury agent Joan Levinson of Realty ONE Group says it was a record transaction. Property data on listing sites Zillow and Redfin appear to confirm that there hasn’t been a more expensive residential ...

Trump, Real Estate Investors Get Last-Minute Perk in Tax Bill

12/17/2017 The change, which would allow real estate businesses to take advantage of a new tax break ... and Republican Senator John McCain of Arizona, who’s being treated for brain cancer, is not expected to vote this week. Corker’s switch gave GOP leaders ...

Arizona in Brief: Arizona financial planner’s probation revoked for violations

12/15/2017 PHOENIX (AP) — An Arizona-based financial planner who was sentenced to ... elderly investors out of about $257,000 from 2009 to 2012 while operating a Phoenix real estate investment business. Internal Revenue Service investigators say Heartburg violated ...

Bank bets on micro-branches after betting on real estate

12/15/2017 That scandal centered in Arizona and California. Thorell said one key to Pinnacle’s growth was that it stuck with the real estate market during the recovery from the recession.

Murphy trades real estate for Tour starts

12/13/2017 Murphy and Amanda live just 40 minutes from Q-School’s Final Stage site in Chandler, Arizona. The Murphys ... as he and Amanda were busy with their real estate dealings. After First Stage, Murphy rented a U-Haul and moved his wife and daughter into ...

Billionaire sells prime Tempe real estate to developer buying up properties

12/13/2017 He is also a big real estate investor, philanthropist and owns a Scottsdale Harley-Davidson (NYSE: HOG) dealership. Parsons, 67, is worth $2.7 billion, according to Forbes. Tempe has seen a surge of development in its downtown area near Arizona State ...

Rio Rico, AZ Homes For Sale & Real Estate

12/11/2017 Rio Rico is located in Arizona. Home prices are on the slide in Rio Rico, and average listing price decreased 6.3 percent last year. Nonetheless, home values stood at $253,153 this year. Most people don't have the opportunity to experience beautiful views ...

Houston brokerage closes massive office buy in Arizona

12/07/2017 The deal, which closed Dec. 7, was valued at roughly $928 million, as reported by Business Real Estate Weekly, a trade publication based in Arizona. Atlanta-based King & Spalding served as the legal adviser and Eastdil Secured worked as the debt capital ...

Big Red Recap: Cardinals get rolled over by Rams, this time in Arizona

12/03/2017 It’s important in real estate, yet not so important for the Los Angeles Rams ... It’s their third straight win in Arizona. Los Angeles quarterback Jared Goff passed for two touchdowns, kicker Greg Zuerlein kicked four field goals and running back ...

Minneapolis’ Kraus-Anderson Development hires director of real estate

12/04/2017 Arizona; and Propco Capital Trust, Bloomington, Minnessota. McLane also served in senior management positions for Gratus Development Partners, in Edina, Minnesota; MWF Properties, in Richfield, Minnesota; and Marcus & Millichap Real Estate Investment ...

Bill Gates puts remote Arizona area on map, sparks real estate rush

11/30/2017 Anita Verma-Lallian is getting a lot of telephone calls these days because of the second richest person in the world. Verma-Lallian is an executive with Vermaland LLC, her family’s real estate business. Kuldip Verma, Anita’s father, heads the Arizona ...

Nextdoor expanding real estate listings into new cities

11/29/2017 Since then, Nextdoor expanded into Seattle; Tucson, Arizona; Waco, Texas; as well as Santa Barbara and Fresno, California. And now, Nextdoor is expanding its real estate listings service again. The company said Wednesday that its launching in three new ...

Investment couple Benjamin and Kara Bjornstad look to take real estate ventures national

11/29/2017 The Bjornstads have some of the traditional fix and flips many new real estate investors go after in markets such as Phoenix. But they’ve already branched out into apartment properties and have done deals outside of Arizona. Benjamin said they’ve got ...

Arizona Game and Fish Dept: $8K reward in deer poaching case

11/29/2017 according to the Arizona Department of Public Safety. A Valley couple said they bought a piece of land but when they went to survey it, it wasn't what the real estate agent showed them and they want answers. (Monday, November 27, 2017)

Titan raises $80M for Real Estate Fund I

11/26/2017 Titan Development, one of the companies behind the mixed-use project called The Highlands, has closed on the first round of funding on a $200 million real estate fund to fuel ... Texas, Florida, Arizona and South Carolina. Titan’s pipeline consists ...

Bill Gates wants to build his own ‘smart city’ in Arizona

11/16/2017 Developing 25,000 acres of land into a ‘smart city’ that will be called “Belmont.” The name stems from Belmont Partners, an Arizona-based real estate investment group. The vision? Transforming a raw, blank slate into a futuristic city filled with ...

Gates of sprawl: Bill Gates $80M Arizona bet for ‘smart city’ could prompt new wave of sprawl and land rush along proposed freeway

11/15/2017 But that smart city of Belmont, Arizona is also being scrutinized as well-financed suburban sprawl along a proposed highway between Phoenix and Las Vegas. And it could prompt a wave of new real estate investment — and speculation — in the far ...

Arizona Board of Regents discuss tuition and real estate policy changes

11/16/2017 The Arizona Board of regents discussed proposed policy changes concerning both real estate transactions and tuition and fee development on Thursday, Nov. 16th during their meeting on campus. Recent development projects have led the board office to consider ...

$200M real estate fund launched by developer behind huge Hutto business park

11/16/2017 Titan Development Real Estate Fund I, a private equity fund ... The company says it will deploy the capital across several states including Texas, New Mexico, Florida, Arizona and South Carolina as well as continue to invest in the projects it currently ...