lofts: Portland 2: not quite understanding your market. - 03/28/08 10:51 AM
I visited Portland 2, a new project by upstart Odyssey Homes at 6th St and Portland. The design is a four story sudo-modern row-home. The exterior is out of place with mismatched bright colors, architectural features that leaves you questioning the thought and layout that is at odds with it's historic … (2 comments)
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lofts: Scottsdale Canel project adds to downtown Scottsdale's boom. - 03/25/08 02:28 PM
Scottsdale Canal Development, a Scottsdale partnership, is planning the 72-foot-tall Solis Scottsdale Hotel & Residences about two blocks east of Scottsdale Fashion Square. The project, originally labeled the Waterview at Scottsdale, will include 240 hotel rooms, a spa, shops and 165 residences. It is part of $1.5 billion in downtown redevelopment … (1 comments)
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lofts: Mini core proposed at 7th St and Indian School. - 03/25/08 02:24 PM
With the success of the unique stretch of retail stores along 7th Ave and Indian School (Melrose), developers are eyeing 7th St and Indian School for a similar style of development. Currently there is a large, 28,000 sq. ft. retail space being converted into small, individual shops to support local entrepreneurs … (0 comments)
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lofts: Hayden Flour Mill project presented today! - 03/25/08 02:17 PM
Avenue Communities (Centerpoint) will be unveiling it's latest version of their exciting new project, Hayden Flour Mill today at a press conference. The existing structure will be used as the core (silos and elevator) and 'wrapped' with loft condos, a boutique hotel and retail. The city of Tempe seems to be … (2 comments)
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lofts: Artisan Village: A good urban project. - 03/13/08 01:34 PM
Most people who are looking at urban real estate in Phoenix are familiar with Artisan Homes. Artisan was the first urban developer in early 2000 to address the unique needs of people who didn't want to live in the suburbs. Projects such as Artisan Lofts on Osborn, Artisan Parkview, Artisan Lofts … (5 comments)
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lofts: Tempe Urban Living: A great urban project in Tempe. - 03/11/08 12:14 PM
Urban life in Tempe has really taken hold these last few years. The city of Tempe has dedicated resources and money to help harness and sculpt the unique qualities of downtown Tempe. Just a few blocks away from Mill Avenue lies Tempe Urban Living. A small modern infill project that utilizes … (0 comments)
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lofts: Distressed lofts in Phoenix. - 03/06/08 12:36 PM
I'm getting a few inquiries for distressed or foreclosed lofts in Phoenix. This can be somewhat of an illusion. Foreclosure does not guarantee a 'good deal'. It also leaves the buyer exposed since their are no warranties made and is sold 'as-is'. Also there are allot more requirements of the buyer (see … (1 comments)
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lofts: First Fridays and urban life in Phoenix. - 03/06/08 12:28 PM
The city of Phoenix is looking to enforce licensing of vendors who sell their 'wares' during the monthly First Fridays event in the Roosevelt Arts District. I think this is an eventuality of such event. As the loft owners and gallery owners try and keep the focus of the event, small … (4 comments)
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lofts: Financing urban properties in Phoenix. - 03/05/08 03:37 PM
Current economic conditions have created a more diligent and healthier lending environment which will add stability in the housing market. The days of poor credit, no documentation and zero funds down are gone (and good ridden's). Today buyers need to work with both their real estate professional and their lending professional … (0 comments)
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lofts: Green development in Phoenix. - 02/28/08 10:15 AM
There is quite a buzz around the term 'green' but yet there really is no common standard (other than LEED) on what defines green. The are quite a few modern developments in Phoenix that highlight green aspects of their project but yet the project isn't really green. Galleries at Turney in … (1 comments)
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lofts: Urban high rise projects on hold in Phoenix, Tempe and Scottsdale. - 02/28/08 09:58 AM
There has been a few articles and rumor chatter lately about a couple of projects that may be on hold, reconfigured or possibly scrapped. I'm somewhat surprised at the reaction of urban developers, builders, land owners, Realtors and the general public as being surprised or overly concerned. The high rise craze in … (0 comments)
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lofts: Great food in an urban setting-Phoenix. - 02/26/08 12:01 PM
There are so many great eating spots in downtown Phoenix that most people do not know about. This is one of the cool things about Phoenix. You need to search for it's unique style and when you find it (because it's there) you'll love it and be very surprised. Unlike other … (1 comments)
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lofts: ASU in Downtown Phoenix is a reality. - 02/26/08 11:54 AM
Driving in downtown Phoenix has improved since major construction on light rail has been completed and allowed for easy driving tours (which I do all the time). Amongst the high-rise and loft projects in downtown Phoenix, ASU has sprouted a very unique urban campus. Currently the School of Communication, Nursing and … (0 comments)
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lofts: Biltmore Developments are becoming quite unique. - 02/14/08 10:55 AM
If you have had the opportunity to see the new projects in the 25th Street and Campbell area, you've obviously realized that the area is really expressing some new designs. From brownstones to eco-friendly modern projects, the biltmore area is starting to create it's own little identity usually reserved for large … (0 comments)
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lofts: Urban health? - 02/12/08 12:50 PM
This is an absolutely an unscientific observation I have had since I began representing urban real estate. I have found in my experience that overall the urban buyer 'seems' to have a healthier lifestyle than suburbanites. I believe this is due to a more active lifestyle which includes venturing out more … (0 comments)
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lofts: Portland Place in downtown Phoenix. - 02/12/08 11:41 AM
Portland Place in downtown Phoenix is one of the best planned, designed and executed projects in downtown Phoenix. It's large apartment style lofts, location to historic neighborhoods, mid-rise subtle design makes it winning combination. The first phase is completed with the possibility of two more phases (10 story and 12 story). … (0 comments)
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lofts: Market demand for luxury high-rise in Tempe. - 02/05/08 03:14 PM
Is there enough luxury urban buyers for all the product being built in Tempe? The short answer is no. Based upon buyer demand I don't believe that there is enough high-end buyers willing to pay $700 per foot for what is being offered in Tempe. Centerpoint is a great example of … (0 comments)
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lofts: Urban changes your life. - 02/05/08 11:05 AM
In speaking with urban buyers who are considering a move back into the city, many times they try and 'fit' their current home (furnishings, cars, etc..) into their new urban home. If your looking at a loft or high-rise condo in Phoenix, Tempe or Scottsdale, most likely you'll be able to … (0 comments)
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lofts: Small project, big returns. - 02/05/08 10:56 AM
In an effort to help buyers find the 'right' urban home that incorporates location, design and affordability. It becomes clear to the urban buyer the small projects have a more unique feel and are more affordable. These modern and loft projects usually embrace the diversity and uniqueness of urban living. They … (1 comments)
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lofts: Get your motor running.... - 01/31/08 11:04 AM
I have seen lately allot of people starting to embrace to two wheel mode of transportation (i.e. motorcycles and scooters). Our two wheel friends get 40-80 miles to the gallon, can be parked almost anywhere and reduced congestion. Now I know this is more appropriate for warmer weather climates. I ride … (2 comments)
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lofts: Urban Community: people helping people. - 01/31/08 10:50 AM
I'm always impressed on how interested people at the urban core are more apt at saying 'hello' or helping a stranger. I have relatives visiting and they made the comment that suburbia doesn't really seem to promote a true sense of community. I've always been a city or country person, not … (1 comments)
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lofts: Lofts have a better cost ratio. - 01/29/08 12:48 PM
Most (not all obviously) loft condos in Phoenix, Tempe and Scottsdale have reduced monthly expenses as compared to single family homes. The insurance, heating and cooling, lack of landscaping, pool, etc... makes for a reduced monthly expenses. Of course some of the luxury properties have high HOA's to address all the … (0 comments)
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lofts: What people want in lofts in downtown Phoenix. - 01/29/08 12:41 PM
Most people today throw the term 'loft' around loosely as a marketing term. Most of the lofts in Phoenix, Tempe and Scottsdale or 'soft lofts'. Apartment condos with loft finishes (exposed duct work, concrete floors, etc..). The urban buyer doesn't want the finishes that the suburban buyer wants (travertine and granite … (0 comments)
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lofts: Think locally and act locally. - 01/24/08 11:16 AM
It is a joy and add's to the fabric of life when you take the time to search out the small retailer, restaurateur, etc.. and contribute to keeping your hard earned money in the community. These local business people need to spend money on product, accountants, food, clothes, etc... This keeps … (1 comments)
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lofts: Modern architecture and the urban buyer. - 01/24/08 11:09 AM
I represent allot of urban buyers (people who want to own a condo in the heart of everything) and these buyers are unique and exciting people who enjoy living life to it's fullest. You can never predict their tastes as they are the most eclectic bunch you'll have the privilege to … (0 comments)
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lofts: Urban core living: a true green initiative - 01/22/08 11:27 AM
The main reason I focus on urban residential real estate is because it truly addresses the human impact on our planet. Living in the core minimizes the use of the single occupant vehicle which reduces emissions due to commutes to work and play. Also, urban condos/homes are usually smaller in size … (2 comments)
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lofts: Sweet Spot for the buyer. - 01/22/08 11:14 AM
With the Fed finally taking a more proactive stance on our sluggish economy combined with high inventories of homes and condos creating a 'perfect storm' for buyers. This is an unprecedented opportunity for smart buyers to make smart purchases. While the hot real estate market truly benefited the seller, the current … (15 comments)
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lofts: Live/Work or Residential/Retail Options? - 01/17/08 11:41 AM
I've been blessed and one of the lucky ones who purchased a true residential retail unit (I differentiate since really any home is live/work...residential/retail is zoned where you can have a 'store' with walk in business). I get asked all the time whether there are more of these types of units … (1 comments)
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lofts: Distressed Urban Properties a good choice?? - 01/17/08 11:25 AM
Many people are starting to look at distressed properties (foreclosures and REO) as a way to get around the escalating homes prices in the past four years. This is a true catch 22 in the urban market. Many of the distressed properties are due to investors who were looking to flip … (2 comments)
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lofts: Austin or Tempe? - 01/15/08 11:49 AM
Of course Austin but wouldn't it be great if Tempe embraced lessons from Austin to become this cool, eclectic and musical area within Phoenix? If you take a look at the neighborhoods west and southwest of downtown Tempe, you'll start to remember your last trip to Austin. If you've never been … (2 comments)
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lofts: The bottom in urban real estate in Phoenix? - 01/15/08 11:12 AM
Many people ask me what my outlook is on housing in the urban core. This question is quite common and I completely understand why people need to ask the question. The real issue is NOBODY ever knows and if you try figuring that question out you'll be busy like the cat … (0 comments)
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