Recent News & Blog Entries


Group Manages to Pull Off Desert Flip in Arizona

Friday, October 14, 2011

Robbie Whelan
The Wall Street Journal

A venture led by two real-estate investment firms has shown that it actually is possible to make money on land speculation in the Phoenix area.

The group bought a 1,200-acre assemblage in San Tan Valley, roughly 50 miles southeast of Phoenix, early this year for about $23,000 an acre, according to people familiar with the matter. Now the venture—led by Harvard Investments of Scottsdale, Ariz., and San Francisco-based Rockwood Capital LLC—has sold 208 acres of the land to Central Arizona College, which plans to build a new campus there.

The price: $8.9 million, or $43,000 an acre.

That still is a far cry from the market's peak, when raw land was selling in Phoenix's southeast suburbs for between $100,000 and $200,000 an acre, according to Land Advisors Organization, a Scottsdale-based land brokerage.
But market bulls believe those days will return.

The college's purchase is "a sign that things are changing here," says Nate Nathan, the broker who arranged the deal. "Within five years, this place is going to be exploding."


Phoenix No. 6 In The Nation For New Jobs

Thursday, September 29, 2011

By Adam Kress
The Business Journal

Phoenix is No. 6 in the nation for new job growth, according to new figures released Wednesday morning by the U.S. Bureau of Labor Statistics.

The Phoenix metro area added 31,300 new jobs between August of 2010 and August of 2011. In terms of raw numbers of new jobs, only five cities added more.

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Commercial Executive Magazine - A View From The Top With Nate Nathan 2011

Wednesday, September 28, 2011

By Amanda Wolf

Commercial Executive Magazine

Nate, as most people know him best, founded his company in December of 1980, and over the course of the past 30 years, he's...

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2,500 Explore Loop 303 Before It Opens in West Valley

Saturday, May 07, 2011

By Amy B. Wang
The Arizona Republic

The newest portion of Loop 303 in the West Valley was dedicated Saturday with much fanfare and every wheeled vehicle imaginable - except cars.

About 2,500 people covered a 14-mile stretch of the freeway from Happy Valley Road to Interstate 17 for a chance to explore the road before it officially opens to traffic later this week.

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First Solar Project Gets Planning and Zoning Approval

Friday, May 06, 2011

By Gary Nelson
The Arizona Republic

First Solar Inc.'s manufacturing campus in southeast Mesa has a green light from the city's Planning and Zoning Board.

In a nearly three-hour special meeting, the board approved three agenda items giving the Tempe-based company permission to manufacture electricity-generating solar panels at the southwestern corner of Signal Butte and Elliot roads.

No City Council action is needed because zoning on the land was incorporated into the overall plan for DMB Associates' Mesa Proving Grounds project in late 2008.

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Arizona Homebuilders Hail Law Easing Impact Fees

Friday, May 06, 2011

By David Madrid
The Arizona Republic

Cities and towns across Arizona will have a harder time requiring developers to pay for everything from infrastructure to services under legislation signed by Gov. Jan Brewer.

The legislation, Senate Bill 1525, puts a temporary end to a six-year fight between Arizona cities and homebuilders.

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