| McShane Will Build Luxury Multifamily Residence in Scottsdale Leon Capital Group has selected McShane Construction Company to provide comprehensive construction services for Kierland Apartments, a 202-unit luxury multi-family community in north Phoenix. McShane is also underway with Soltra at SanTan Village, a 380-unit multi-family development…» |
| Phoenix Spec Office Project Lands $74M in Financing Douglas Allred Co. has secured a $46 million construction loan and $27.5 million in mezzanine equity for a two-building speculative office project within its 200-acre Park Place mixed-use development in Chandler, Ariz. NorthMarq’s San Diego office facilitated the construction financing from Bank OZK as well as the…» |
| New Lending Landscape Doesn’t Stall AZ Multifamily Portfolio Refi With the help of more than $91 million in Fannie Mae loans, a commercial real estate lending and investment company is working to refinance nearly 1,500 units in Tuscon, AZ. New York-based real estate lending company Greystone revealed Thursday that it has provided $91.3 million…» |
| Idaho Developer has Eye on Downtown Phoenix Land for Multifamily Project Boise, Idaho-based Hawkins Cos. is in the midst of rezoning a downtown Phoenix parcel that will pay tribute to Lincoln Ragsdale, a prominent Phoenix civil rights leader and previous owner of the site. Plans call for building a five-story multifamily property with ground floor retail at the northwest corner of Washington…» |
| As Young Renters Move Back Home, Lost Rent Could Have Ripple Effect Millions of young adults who moved back with their parents this year could lead to an estimated $726 million in lost rent, according to a Zillow analysis, which noted that the ripple effects “could have far-reaching consequences for the housing market.” Amid high U.S. unemployment in the coronavirus…» |