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Words from Jonathan Rothschild, Mayor of Tucson

Local

Jonathan Rothschild Mayor of Tucson   Tucson’s business incentives — the GPLET, Primary Jobs and Global Economic Development District incentives — have helped employers large and small locate and expand in Tucson, bringing thousands of jobs and billions in economic benefit to the region. Raytheon is investing $233 million in buildings and infrastructure and creating… Read more

Above and Beyond

Local

P.R. ‘Randy’ Cooney President, The Success Institute As the seminar “Creating Clients for Life” is approaching, I recall some stories of real estate agents who did some extraordinary things on behalf of their clients. Below are a few stories that come to mind from attending various real estate conferences over the years. I do not… Read more

Market Summary

Industry News, Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report     The market in 2017 has so far continued the trends of 2015 and 2016. We have very limited numbers of entry level homes and first time buyers face a stressful time unless their budget stretches over $300,000. We have less than 40 days of… Read more

FOREIGN SELLERS BEWARE: Why FIRPTA Matters Again

Laying Down the Law

Christopher J. Charles, Esq. Founder and Managing Partner, Provident Law Anytime a foreign investor sells real estate in America, FIRPTA1 is triggered and the buyer/escrow agent is required to withhold 10% of the sales price. Due to the high number of Canadian property owners in Arizona, FIRPTA issues are not uncommon. FIRPTA impacts foreign individuals… Read more

Top 3 Trends in Single-Family Home Property Management

Property Management

Steve Schultz President, National Association of Residential Property Managers     On my path to becoming the 2017 President of the National Association of Residential Property Managers (NARPM®), I have had the unique opportunity to see first-hand developing property management trends from across the country. Over the last several years, I noticed some common patterns… Read more

The Phoenix Metro Rental Industry

Industry News, Market Update

Tom Simplot President & CEO, Arizona Multihousing Association (AMA)   The rental industry in the Phoenix MSA is finally starting to catch up with major cities in America. There is market demand — plain and simple.  According to a recent market report on the Phoenix multifamily industry from Colliers International, vacancy rates ticked slightly higher… Read more

Economic Update

Industry News, Market Update

Sandra Watson President and CEO Arizona Commerce Authority   Spring is an exciting time in Arizona, as thousands of visitors make their annual pilgrimage to the Valley to take in the Arizona sunshine and sporting events including the Waste Management Phoenix Open, Spring Training baseball, and this year, the NCAA Final Four Championship. It’s an… Read more

Words from John Giles, Mayor of Mesa

Local, Market Update

John Giles Mayor of Mesa   Mesa is the third largest city in Arizona and our growth is accelerating. For years, we have been known for our stellar housing communities and that continues today with new developments like Eastmark, Cadence and Lehi Crossing. We were only second to Phoenix in 2016 in number of new… Read more

The Illusion of Insurance Coverage Provided by Certificates of Insurance

Law Briefs

Nathan D. Meyer Partner, Jaburg & Wilk Micalann C. Pepe Attorney, Jaburg & Wilk   Many contracts or leases require one party to get insurance protection for the other party or landlord. Typically, they simply pass along the request for the insurance coverage to their insurance agent or broker and assume that their insurance will… Read more

The Valley’s Culinary Scene: A Contributor To Growth

Publisher's Letter

Tricia Covert Senior Publisher, Arizona Journal of Real Estate & Business   There are certain factors we typically use to assess the Valley’s real estate growth. These include housing affordability, job opportunities and new home permits. But another important factor — the culinary scene — has become a prominent focus as well, especially with the… Read more

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