Scottsdale-Based Company Enters Into Build-to-Rent Joint Venture

By Angela Gonzales | Phoenix Business Journal Two firms that are entering the build-to-rent sector have formed a joint venture to build several projects together. Scottsdale-based Walton Global Holdings USA and Phoenix-based SVN | SFR Capital Management plan to build and operate these communities nationwide. These homes will be built within Walton Global Holdings’ existing …

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Developer with Offices in Scottsdale Building Luxury Rentals in Mexico

By Angela Gonzales | Phoenix Business Journal A Spanish developer with offices in Scottsdale is building a luxury vacation rental community in Rocky Point. The 31-unit condo property called Eagle Village at Islas Del Mar is a project of Adlanto, an asset management company with offices in Spain, Argentina, Mexico and in Arizona. The company …

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Ohio Couple Camps Out in Airbnb While Waiting for a Phoenix Home

By Angela Gonzales | Phoenix Business Journal The Phoenix housing market is crazy hot right now — just ask an Ohio couple currently camping out in an Airbnb as they lose bid after bid on their dream home. In May, when the couple arrived in Phoenix to look for a home and find new jobs, …

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Scottsdale Real Estate Investor Goes Big in Build-to-Rent Market

By Angela Gonzales | Phoenix Business Journal A Scottsdale-based international real estate asset management company that owns 81,000 acres nationwide is making a big play for the wildly popular build-to-rent home market. Walton Global Holdings — which last year moved its headquarters to Scottsdale from Calgary, Canada, where it was founded more than 40 years …

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‘Get Your Nest’ Home Buying App Launches in Scottsdale

By Angela Gonzales | Phoenix Business Journal The Valley’s hot housing market is creating a buzz among residential real estate brokers, and more brokerages are expanding to metro Phoenix as a result. New York-based Real Brokerage inc. and Virginia-based Nest Realty are among those setting up shop in the Valley, while a local brokerage called …

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Phoenix Home Price Growth Tops the Nation at 20%

By Angela Gonzales | Phoenix Business Journal Phoenix home price growth reached a whopping 20% in March, leading the nation for the 22nd consecutive month, according to the latest results of the S&P CoreLogic Case-Shiller Indices. With the national average now 13.2%, San Diego came in second, with a year-over-year price gain of 19.1%, followed …

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Joint Venture Investing in Metro Phoenix Single-Family Rentals

By Angela Gonzales | Phoenix Business Journal Two out-of-state real estate firms formed a $1 billion joint venture to acquire and renovate single-family rental homes across the western United States, with big plans for Arizona. Denver-based Atlas Real Estate and San Francisco-based DivcoWest are targeting high-growth states, including Arizona, Colorado, Idaho, Nevada and Utah. Vincent …

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Scottsdale Homebuilder Takes On Single-Family Rental Market

By Angela Gonzales | Phoenix Business Journal Known for its award-winning custom homes, Camelot Homes is taking a giant leap into the single-family rental home market. The Scottsdale-based family owned business is working in partnership with Scottsdale-based Arcadia Communities to build single-family rental homes scattered throughout the Valley, with more than 300 lots in escrow. …

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Builders Gobbling Up Land to Develop in North Scottsdale

By Angela Gonzales | Phoenix Business Journal Mark Weber is making big land buys in metro Phoenix at a time when it’s getting tougher to find new acreage. The Arizona division president for Houston-based David Weekley Homes said he is spending $117 million on land and development for 12 new projects totaling more than 1,000 …

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Luxury Homes Selling Quickly at The Phoenician

By Angela Gonzales | Phoenix Business Journal Homes at a new residential community on what formerly was a golf course at The Phoenician are selling like hot cakes. Scottsdale-based Cullum Homes and Canada-based Replay Destinations are seeing success at the new Ascent at The Phoenician community, where they are building luxury condominiums and custom homes. …

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