by Bryan Watkins | May 11, 2023
Introduction Investing in real estate along the Phoenix light rail system offers numerous advantages for savvy investors. With its convenient connectivity, rising property values, economic development opportunities, and enhanced lifestyle amenities, this thriving...
by Bryan Watkins | Sep 21, 2019
Update from the ValleyMetro website Voters in Phoenix have defeated an initiative that would have ended all light rail construction, prohibited future rail investment and returned billions in federal dollars previously pledged to expand the regional transit system....
by Bryan Watkins | Sep 21, 2019
The new Tempe Streetcar construction is moving along. Mill Avenue is now open again since the tracks have been installed. Per the News Update, Tempe Streetcar is scheduled to open to the public in 2021 with 3 miles of track, 14 Stations and 2 connections to Valley...
by LRA Real Estate Group | Jul 7, 2018
Want a new idea to save money and reduce commute stress? Consider another option favored by Millennials: A recent survery found that Indeed.com has 275+ jobs posted along the light rail corridor in the Phoenix-Tempe-Mesa area. So, what does that mean for you? Of...
by LRA Real Estate Group | Jul 7, 2018
An analysis on July 1, 2018 shows that LRA Real Estate maintains the Top Spot in commercial property listings along the light rail corridor. This is based on the # of commercial listings on the Costar database. This statistic shows the commitment of the real...
by LRA Real Estate Group | Mar 27, 2018
Finding the right place to live can be tricky. You may want something close to your work. You may like the ability to run errands and have easy access to the airport. The townhomes at Main Street Station offer it all. Not only do they have quick access to Hwy 60,...
by LRA Real Estate Group | Mar 2, 2018
Mesa Royale has changed hands and this time for the better. A new investor is working to reinvest to help achieve Mesa’s goal of a renewed downtown.
by LRA Real Estate Group | Feb 9, 2018
With innovation at the heart of Arizona State, the university is seeking continual growth and expansion.
by LRA Real Estate Group | Dec 12, 2017
The Valley Metro Light Rail system has plans to expand further over the next decade. Where do you plan to live? Who is Valley Metro? Valley Metro Rail is a public, nonprofit regional organization with five member cities – Phoenix, Tempe, Mesa, Glendale and Chandler....
by LRA Real Estate Group | Aug 21, 2016
You may or may have not seen it. But, you have seen others like it. This valley tower is still strong and sturdy after all they years.
by LRA Real Estate Group | Aug 21, 2016
by Paul Giblin, The Republic 5/27/16 The vote was just one stop on a long political journey for rapid transit to link the exiting line to a Glendale spur. Glendale municipal leaders formally approved a proposed light-rail route that would zigzag from the existing...
by LRA Real Estate Group | Mar 31, 2015
The light rail corridor is growing with newly proposed Apartments at 100 E Jefferson.
by LRA Real Estate Group | Oct 4, 2014
courtesy of the Arizona Republic USA Place will include an Omni Hotel and conference center along University Drive, office and retail space along Mill Avenue, with apartments and more retail and restaurant space in the interior of the project. The south end of the...
by LRA Real Estate Group | Oct 4, 2014
courtesy of Dustin Gardiner, The Republic | azcentral.com September 14, 2014 STORY HIGHLIGHTS City expected to receive a $1.6 million grant from the U.S. Department of Transportation to pursue a south Phoenix rail line Councilman Valenzuela says bringing light rail to...
by LRA Real Estate Group | Sep 25, 2014
courtesy of MHN online, By Jeffrey Steele, Contributing Writer This project has been renamed ‘University House’ Tempe, Ariz.—Hub on Campus, an upscale 19-story apartment community built in close proximity to Arizona State University’s Tempe campus and a...
by LRA Real Estate Group | Sep 25, 2014
courtesy on MHN online, By Amalia Otet, Associate Editor Includes a 5-building campus anchored by State Farm Ryan Companies US, Inc., and Sunbelt Holdings have joined forces for what would be the biggest office development deal in Arizona history. The team is eyeing a...
by LRA Real Estate Group | Sep 25, 2014
courtesy of MHN online, By Amalia Otet, Associate Editor The Hanover Co. has acquired a three-acre parcel in the Centerpoint on Mill, where it plans to build high-end housing in the Downtown Tempe development. The deal includes $7 million for the land, and another...
by LRA Real Estate Group | Sep 25, 2014
courtesy of MHN online, By Keith Loria, Contributing Editor Tempe, Ariz.—Lennar Multifamily and Resmark Apartment Living have begun construction on a 328-unit apartment project set on 5.72 acres at Tempe Town Lake in Arizona. The property will be situated south of the...
by LRA Real Estate Group | Sep 25, 2014
courtesy of MHN online, By Amalia Otet, Associate Editor University House 323 E Veterans Way, Tempe AZ 85281 In a $103 million deal, Inland American Communities Group Inc. has acquired Hub on Campus, a 640-bed student housing community near Arizona State University...
by LRA Real Estate Group | Sep 25, 2014
courtesy of MHN online, By Dees Stribling, Contributing Writer Tempe, Ariz.—Wood Partners is preparing to break ground on Alta Tempe, a 296-unit apartment complex at University Dr. and Dorsey Ln. in Tempe. The property, which will be located on about seven acres, is...
by LRA Real Estate Group | Sep 25, 2014
courtesy of Amalia Otet, Associate Editor, MHN online Portland Park, 2nd Phase of Portland Place As the economy picks up, homebuyers across the Valley are increasingly opting for downtown living. An influx of new residents is seeking walkability and easy access to...
by LRA Real Estate Group | Sep 25, 2014
courtesy of By Liviu Oltean, Associate Editor, MHN online Susan Eastridge, CEO of Concord Eastridge In a milestone for the $350 million USA Place project in Tempe, the developers and Arizona State University officials have reached agreement on a 99-year lease for a...
by LRA Real Estate Group | Sep 25, 2014
courtesy of MHN online, By Amalia Otet, Associate Editor Winter Park, Fla.-based Epoch Properties Inc. is starting work on a $50 million multi-family project that would bring up to 292 new apartments to downtown Phoenix. Epoch plans a second-quarter groundbreaking for...
by LRA Real Estate Group | Sep 25, 2014
courtesy of Posted April 16, 2014 by AZRE Midtown Phoenix is getting a hip new neighbor. Scottsdale-based Deco Communities has closed on a key parcel of land that will be transformed into Edison Midtown, a new urban contemporary condominium in the heart of Phoenix’s...
by LRA Real Estate Group | Sep 25, 2014
new apartments inPhoenix Virginia & 3rd Street
by LRA Real Estate Group | Sep 25, 2014
courtesy of Atlantic Development & Investments The Algarve Apartments is a “Transit Oriented Design” Development located at 950 W. Main Street, within ½ mile straight line distance to the Alma School Road Light Rail Station, which is part of the currently funded...
by LRA Real Estate Group | Sep 25, 2014
By Gary Nelson The Republic | azcentral.com Aug 8, 2013 The northern side of University Drive near downtown Mesa used to be, figuratively speaking, the other side of the tracks. Seventy years ago, Mesa chose the neighborhood as the site of its first low-income housing...
by LRA Real Estate Group | Sep 25, 2014
courtesy of City of Mesa website March 31, 2014 Public Information & Communications Contact: Kevin Christopher Tel. 480-644-4699 kevin.christopher@mesaaz.gov Mesa, AZ – The site has been transformed from an old motel serving as a family homeless shelter to a...
by LRA Real Estate Group | Sep 25, 2014
courtesy of Gary Nelson, The Republic | azcentral.com March 28, 2014 La Mesita Apartments on West Main Street in Mesa to host dedication March 31; project got special financing to make it affordable. Eighteen months ago, it was a crumbling Truman-era motel used as a...
by LRA Real Estate Group | Sep 25, 2014
courtesy of Perlman Architects website The project consists of 70 units of affordable family residential units in 4 stories over a concrete podium parking structure.
by LRA Real Estate Group | Sep 25, 2014
courtesy of the website Housing for Low to Moderate Income Seniors In the heart of Downtown Phoenix’s historic Roosevelt Neighborhood, Gorman & Company partnered with the Downtown Phoenix CDC and Arizona Bridge to Independent Living (ABIL) to construct fully...
by LRA Real Estate Group | Sep 25, 2014
courtesy of Downtown Phoenix City Council gave approval to Cooper Place, a 30-unit market rate development planned for Second Avenue south of Fillmore Street. Cooper Place is expected to break ground by the end of 2013.
by LRA Real Estate Group | Sep 25, 2014
courtesy of the website Roosevelt Point is the premier housing community, conveniently located on the edge of the Arizona State University downtown campus. At Roosevelt Point, you’re only minutes away from the non-stop action of professional sporting events,...
by LRA Real Estate Group | Sep 25, 2014
courtesy of Sadie Jo Smokey The city’s housing department helped fund two other affordable-housing projects in the Central Corridor besides Native American Connection’s Devine Legacy on Central. The city doesn’t track private market developers....
by LRA Real Estate Group | Sep 25, 2014
courtesy of Sadie Jo Smokey, Feb 2010; Arizona Republic A vacant, nondescript brick building that once housed a charter school and offices will be razed and turned into affordable housing next to the light-rail line. Devine Legacy on Central, a five story, 65-unit...
by LRA Real Estate Group | Sep 25, 2014
courtesy of the website info@encoreonfarmer.com (480) 966-3085 601 South Farmer • Tempe, Arizona 85281 ________________________________________________________________________________ Urban Living for Independent Seniors Located in Downtown Tempe, Encore on Farmer is...
by LRA Real Estate Group | Sep 25, 2014
Encore Senior Housing info@encoreonfirst.com 25 West First Avenue • Mesa, Arizona 85210 (480) 834-4547...
by LRA Real Estate Group | Sep 25, 2014
from the website Apache ASL Trails is an active, state-of-the-art independent living community for seniors 55 years of age located close to everything in the East Valley. Built next to the light rail line, Apache sits at the heart of the Tempe – Mesa border....
by LRA Real Estate Group | Sep 25, 2014
courtesy of Paulina Pineda, The State Press, October 31, 2012 Tempe’s controversial housing project, Gracie’s Village, broke ground this morning after weeks of negotiation between residents and planners. The Tempe City Council approved the 50-unit, four-story project...
by LRA Real Estate Group | Sep 25, 2014
courtesy of Danika Worthington A new mixed-use development on Roosevelt Street and First Avenue, the first of 13 projects to secure part of a $20 million community development fund, has released its design. The new building, named Union at Roosevelt, is being...
by LRA Real Estate Group | Sep 25, 2014
courtesy of BREW Phoenix – A company formed by Trillium Residential LLC in Tempe (Jamie Dawson, Ken Losch, principals) plans to develop a 304-unit apartment complex at the northwest corner of the 101 Loop and 7th Avenue in north Phoenix. 7th Avenue Apartments...
by LRA Real Estate Group | Sep 19, 2014
courtesy of BREW, Sept 2014 Tempe – The red hot market in Tempe is getting even hotter as new hotel and office towers are planned on Mill Avenue alongside the landmark Monti’s La Casa Vieja restaurant. The $150 + million office-hotel project is targeted...
by LRA Real Estate Group | Sep 19, 2014
courtesy of MMPR Marketing Vintage Partners, the Arizona-based commercial real estate development and investment company, announced its selection by Uptown Plaza Associates, LLC to lead the redevelopment of Uptown Plaza, the landmark 1950s era shopping center in...
by LRA Real Estate Group | Aug 26, 2014
Land transactions along the light rail have changed over the past 6 years. Fortunately for the Phoenix Metro area, land transactions are increasing in volume. That is good news for the light rail corridor, where new development is causing additional developers and...
by LRA Real Estate Group | Aug 26, 2014
courtesy of Betty Reid, The Republic | azcentral.com9:32 p.m. MST May 10, 2014 By 2040, Phoenix projects that areas along the city’s light-rail line will have fewer autos, more trees to shade a pedestrian/bike lifestyle and business and residential developments...
by LRA Real Estate Group | Aug 26, 2014
courtesy of Maria Polletta, The Republic | azcentral.com9:09 a.m. MST June 6, 2014 Much has been made of the future of Main Street between Mesa Drive and Gilbert Road — the light-rail extension that could boost Mesa’s ridership by 4,000 people a day if...
