Recent News & Blog Entries


Phoenix New Home Sales on the Rise

Thursday, January 19, 2012

Jan Buchholtz
Phoenix Business Journal

New home closings in metro Phoenix increased in December, as did the number of building permits pulled by home builders. That’s according to new data provided by Valley-based RL Brown Reports.

There were 855 new home closings in December as compared with 653 a year ago, or a 31 percent increase. There were 492 residential building permits pulled as compared with 383 a year ago -- a 28 percent increase. By comparison, resales were down with 7,707 recorded in December as compared with 7,949 in December 2010.

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Arizona No. 8 in Population Growth

Thursday, December 22, 2011

Adam Kress
Phoenix Business Journal

Arizona ranked No. 8 in the nation for population growth over the past year, according to newly released data from the U.S. Cenus Bureau.

Arizona added 90,000 residents between April 1, 2010, and July 1, 2011. That equates to a 1.42 percent growth rate. Both in raw numbers and percentage terms, Arizona ranked eighth for growth.

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Goodyear 187-acre Parcel Sells for $6 Million to Developer

Thursday, December 22, 2011

J. Craig Anderson
The Arizona Republic

Avatar Holdings, a publicly traded community developer and homebuilder based in Coral Gables, Fla., said it has closed on the purchase of a 187-acre parcel in the Estrella master-planned community in Goodyear for $6 million.

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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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