A 248-unit mid-rise apartment complex in Gilbert has traded hands in an $80 million transaction.Atlanta-based Wood Partners sold Alta Cooley Station, located at 2550 S Recker Road, to a private individual based in California, according to a Dec. 26 announcement. Wood Partners was represented in the transaction by Steve Gebing and Cliff David of Institutional…
By: The average 30-year mortgage rate was hovering around 7% in early December 2023, according to Federal Reserve of St. Louis data. At the same time three years prior, the average 30-year mortgage rate was under 3.00%, its lowest point in 50 years. Borrowers today are grappling with some of the highest mortgage rates we’ve…
By: The Commerce Department said on Dec 22 that the Federal Reserve’s favorite inflation gauge, the personal consumption expenditures (PCE) price index … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
The Arizona minimum wage will increase fifty cents from $13.85 to $14.35 an hour. Each year the change is tied to the Consumer Price Index in August. Valladares said that he has costs to consider … TUCSON, Ariz. (13 News) – Arizona’s minimum wage will soon go up. On January first, the wage will increase…
By: Doug Kass, who accurately predicted bond yields would fall, recently outlined what he thinks happens to interest rates in 2024. TheStreet. The Fed’s … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
By: The Bureau of Economic Analysis reported Friday that the core personal consumption expenditures (PCE) price index, which excludes food and energy … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
First Trust Alerian Disruptive Technology Real Estate ETF (NYSEARCA:DTRE) – $0.3820. Payable Jan 09; for shareholders of record Dec 27; ex-div Dec 22. More on First Trust Alerian Disruptive Technology … [wpts_spin]{Read|See} the {entire|full} article {on|about} real estate tech innovations, or, read more news about {Arizona real estate investing|real estate investing in Arizona|real estate investing…
Broadband is slowly working its way through rural Arizona; while the always-on, faster connection is in demand, often the infrastructure to provide it just isn’t there. In St. Johns, City Manager Paul Ramsey is working to change that.He met with a company called JSI in November, and “we’ve been presented with a…
Flower Child, now owned by the Cheesecake Factory, specializes in salads and grain bowls and healthy … [+] food. Pictured is its Gilbert, Arizona location.Courtesy of Flower ChildSam Fox who launched Fox Restaurant Concepts has been an innovator and disrupter who once launched 15 independent eateries. Never one to duplicate himself, one of his eateries…
By: … personal consumption expenditures (PCE) price index increased 2.6% from a year earlier, after rising 2.9% in October. Last week, after the Fed … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
