More than 30 Arizona companies were named to the third annual Inc. 5000 Regionals Southwest list, a ranking of the fastest-growing private companies based in Arizona, New Mexico, Oklahoma and Texas. Born of the annual Inc. 5000 franchise from Inc. magazine, the Inc. 5000 Regionals list represents a unique look at the most successful companies within the Southwest economy’s independent small businesses. “This year’s […]
MCKINNEY, TEXAS — Tower Capital, a Phoenix-based finance and advisory firm, has arranged a $27.8 million construction loan for a 128-unit build-to-rent community in the northern Dallas suburb of McKinney. The development will span 13.2 acres and offer one-, two- and three-bedroom residences. The amenity package will consist of a pool, spa, fitness center, dog […]
The outlook for Arizona, especially the Greater Phoenix MSA, is extremely optimistic rolling into 2022. Continued population growth and positive demographic trends will keep demand high for housing and other assets classes. The Greater Phoenix Economic Council (GPEC) and other industry organizations have been successful in luring companies to Arizona making the state a major […]
The sentiment was positive at the IREM CCIM Annual Economic Forecast which was held at the Biltmore Resort in Phoenix, Arizona on Friday, January 14, 2022. The event featured keynote speaker Elliot Pollack, a local economist, CEO of Elliot D. Pollack and Company, teacher, consultant, and author. Elliot was preceded by four panels of experts […]
Every lender in the country is fighting for any industrial deal that comes to the market, including warehouse, distribution, flex and cold storage properties. Borrowers are seeing extremely aggressive terms such as higher leverage, longer interest-only periods and sub-3% rates. The low cost of tenant improvements and common area maintenance combined with the “stickiness” of […]
Those new to the Valley of the Sun or those already doing business in residential real estate construction or home sales looking for a quick tutorial on some of the top movers and shakers in the region can get good primer with this well-known group of industry professionals.
The first transaction is a $12-million acquisition and rehab loan for a four story, 158-key, interior corridor Best Western hotel in Tempe that will be repurposed into a 113-unit, Class B multifamily community. The second transaction is a $9.3-million acquisition and rehab loan for a four-story, 188-key, mid-scale, select-service Quality Inn Phoenix Airport hotel that will be repurposed into a 97-unit, Class B multifamily community.
