Mill Creek Announces Groundbreaking of Modera Rio Salado

Company’s Third Arizona Community Will Add 319 Homes to North TempeTEMPE, Ariz., Aug. 10, 2023 /PRNewswire/ — Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera Rio Salado, a contemporary apartment community in the Tempe Town Lake neighborhood…

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Valley industrial deals: Developer inks refinancing for fully-leased park; two big sales reported

A development team has secured a large refinancing loan for a new, fully leased industrial park in Goodyear called “Yuma|143.”The joint venture with Phoenix-based Baker Development Corp., New York-based Foundation Capital Partners and GTIS Partners secured a $39 million refinance loan from Arizona Bank and Trust. The purpose of the loan was to create a…

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Arizona Gov. Hobbs signs rental tax ban, a GOP priority

Gloria Rebecca Gomez(Arizona Mirror) Arizonans can now look forward to relief from rental taxes, after Gov. Katie Hobbs signed a bill on Tuesday that bars cities from collecting them starting in 2025.The measure was at the top of Republicans’ legislative priorities for the recently concluded legislative session. A proposal sent to Hobbs in February was roundly rejected, but…

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As Arizona builds to solve a housing crisis, will its homes withstand future heat extremes?

Arizona is growing rapidly. How are cities preparing for the heat of the future?Arizona’s heat and housing crisis:Statewide | Metro Phoenix (coming soon) | Farmworker housing (coming soon) | Building on the reservation (coming soon) | Solutions (coming soon)Warm and steady, Arizona is famous for its climate.Here, blazing blue skies, statuesque saguaros and temperatures that…

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