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Real Estate
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Upscale yet affordable: the newest choice in senior living! We are redefining senior living with our distinctive stylish designs and extraordinary amenities including Tranquility Spa, Cyber Cafe and Lounge, putting green, therapy pool and private pet park.
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20221 N 29th Ave. Phoenix, AZ 85027
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RESIDENTIAL REAL ESTATE
RENOWNED MULTIFAMILY DEVELOPER
TO BRING $500 MILLION INVESTMENT By Katy Reeve Perez cited that the growth in peo-
The Phoenix market is attracting Phoenix area double the rate of the a lot of attention for all the national average and many of those right reasons: business growth, individuals are relocating here in population growth and increases in science, technology, engineering and key economic sectors like tech and math professions. According to the engineering. And billionaire investor Arizona Technology Council, Arizona Jorge Perez, known as “The Condo has more than 8,000 technology comKing of Miami”, and his company panies and a tech workforce growing The Related Group, have set their at 1.38 percent, making Arizona the sights on the metro Phoenix area for second-fastest growing tech worktheir next properties. force sector in the southwest.
New multifamily development projects will be located near employment centers including downtown Phoenix, Tempe, Deer Valley and two projects planned for Scottsdale. Three of the initial sites are already under contract.
The initial planned developments are high-end multifamily rental projects ranging from two- to three-story to 10-story properties. The Related Group is also considering condo and mixed-use development projects for the Phoenix area.
The Related Group is planning to break ground of two of the properties during 2019. However, the impact on the local economy doesn’t stop there. The company is planning to open an Arizona office and hire associates to support these development projects.
Why is Phoenix the best place to invest? All the signs point to success for high-end multifamily developments with factors like educational infrastructure and quality of life. The Related Group also cites positive short-term investment indicators and population movement. According to the U.S. Census Bureau, Maricopa County was the fastest-growing county in the country in 2017. Census data also indicated the western U.S. is where people want to live with all of the top 10 fastest-growing counties either in western or southern states. ple ages 24 to 34 relocating to the One of the ways Perez distinguishes The Related Group properties is with the world-renowned architects, designers and artists the company partners with to create residences that become urban landmarks within the community.
Two full-time curators work for The Related Group focused exclusively on finding museum-quality art for their development projects. Perez is dedicated to showcasing art in his developments and educating and inspiring residents of all demographics with original work from artists worldwide. The company has been recognized for this dedication to the arts with numerous accolades, including the prestigious Honor Award from the National Building Museum.
Miami-based The Related Group and its sister company Related Companies in New York are known for multifamily residential properties ranging from luxury high-rises to public and affordable housing. The company started with multifamily residential developments in Florida and are known for properties such as Miami’s Portofino Tower and Icon South Beach.
Since its inception in 1979, The Related Group has developed $17 billion in South Florida real estate and built and managed more than 90,000 multifamily residences.
RESIDENTIAL REAL ESTATE
11 HIGH COST HOME INSPECTION TRAPS YOU SHOULD KNOW ABOUT WEEKS BEFORE LISTING YOUR NORTH PHOENIX HOME FOR SALE
North Phoenix - According to industry experts, can help you prevent little problems from growing there are over 33 physical problems that into costly and unmanageable ones. will come under scrutiny during a home inspection when your home is for sale. A new report To help homesellers deal with this issue before their has been prepared which identifies the eleven most homes are listed, a free report entitled “11 Things common of these problems, and what you should You Need to Know to Pass Your Home Inspection” know about them before you list your home for sale. has been compiled which explains the issues Whether you own an old home or a brand new one, there are a number of things that can fall short To hear a brief recorded message about how to order of requirements during a home inspection. If not your FREE copy of this report call toll-free 1-844identified and dealt with, any of these 11 items 310-9514 and enter 4303. You can call any time, 24 could cost you dearly in terms of repair. That’s why hours a day, 7 days a week. it’s critical that you read this report before you list your home. If you wait until the building inspector Get your free special report NOW to learn how to flags these issues for you, you will almost certainly ensure a home inspection doesn’t cost you the sale of experience costly delays in the close of your your home. home sale or, worse, turn prospective buyers away involved. altogether. In most cases, you can make a reasonable This report is courtesy of Todd Gulinson of RE/MAX pre-inspection yourself if you know what you’re Fine Properties. Not intended to solicit buyers or looking for, and knowing what you’re looking for sellers currently under contract. Copyright © 2018
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Peace Properti es is a full-service property management company that specializes in providing excepti onal customer service on all levels. Please contact one of our agents to begin to experience the very best in customer sati sfacti on for your real estate needs. Feel free to contact us for a no-obligati on consultati on. When you place your property with us, you will truly be at peace!
20 Years Experience in Real Estate Simple Flat Fees No Hidden Fees Property Maintenance HOA Coordinati on Credit & Criminal Tenant Background Checks Monthly Revenue Statements Year-End Expense & Revenue Tax Statements Online Access to Financial and Property Reports 24/7
PEACE PROPERTIES 2010 W Parkside Lane, #106 Phoenix, AZ 85027 623.374.2698 www.peaceproperti esaz.com
LESS WORRY. MORE LIFE. Affordable & Accessible Senior Lifestyle Options
WORRIED ABOUT RUNNING OUT OF MONEY? We understand. That’s why our dedicated Community Benefits Advocate work with you to help identify potential aid programs and benefits, confirm your eligibility, assist with paperwork, and so much more. Here’s something even better: our apartment rents and care rates are fixed for each variety of living accommodations and level of care, plus there are no deposits and very low application fees! NEW Affordable Senior Independent Living option available Rent Starting at $1,800 a month! Includes 3 meals a day and more!
2641 W. Union Hills Dr. | Phoenix, AZ 85027 602-603-7480 | www.bridgewaterassistedliving.com
Sales & Leasing – Commercial, Industrial, Office, Land
Specializing in the Greater Deer Valley Airpark
Feel free to stop in our Deer Valley location on the NEC of 19th Avenue and Knudson Drive in the heart of Deer Valley Airpark. 22849 N 19th Avenue, Suite 140
Phoenix, Arizona 85027 623-516-7744
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COMMERCIAL REAL ESTATE READY TO MOVE?
By Chris Keeley Phoenix Commercial Brokers
In every business there comes a time when working out of the garage is no longer an option. When that time comes, the process of moving can become quite daunting. The questions alone can be overwhelming. How big of a space do I need? How much can I afford? What location is best for me? Do I need office, warehouse or both? These are some of the basic questions and of course they only lead to so many more.
Maybe you’re already out of the garage and your business has grown or shrunk or changed. At some point most businesses make a move. The first question is where do I start? Where do I get answers? Who do I talk to?
I am not here to tell you that you’ll need a professional. That’s obvious. What I am here to tell you is what you can expect once you’ve made the decision to move… what the process is, and what things you need to know.
The absolute most important fact you’ll need to know before you look at anything else is what your budget is. How much can you spend? That means meeting with your accountant and your banker before anything else. You must know a range of dollars available for this move. Some will be in a position to buy instead of rent but most in their initial move out of their house will be looking to rent. The most important aspect of making this move will be the monthly expense. How much can you afford on a lease while maintaining a profit? As you may or may not be aware, many new businesses do not survive, and I will tell you the main reason is overextending on expenses, including rent.
Once you know your budget, please find a professional to show you the market. One thing that always surprised me in this business is that tenants and sometimes even buyers don’t know that they don’t pay the real estate broker. Landlords and Sellers pay brokers. Only on rare occasions is that not the case and that is usually disclosed up front. A real estate broker can educate you on the market, save you worlds of time and negotiate your best deal.
You’ll need to answer these questions: How much can I spend? What location do I need to be in (i.e.: Deer Valley Airpark)? How big do I need? How much office or warehouse? How many bathrooms? Do you need air conditioning or evaporative coolers? How high do I need the ceilings to be? How much power do I require? Your broker can find all available options for you once he has these answers.
Once your broker knows what your requirement is and you start looking at your options, you’ll need to know what the total costs are. The rent is the easy part. It’s laid out for you in black and white. All the other things you’re responsible to pay for may not be so obvious to you. What kind of lease is it, gross or NNN? I’ve explained this before but they’re very different. Gross includes almost all the expenses but NNN means you pay these on top of the rent and it may be around 20% more. Who pays the electric bill? Who pays for repairs (roof, air conditioner, etc.)? What insurance will you need?
Find a broker that can answer all of these questions for you but also knows the market your interested in. I know the Deer Valley market. If you were looking somewhere else I would most likely send you to a broker that knows that area.
The key for me is for you to succeed, so when it’s time for you to move again please think of me for help. Good luck!
