light rail real estate: Phoenix Light Rail: Landmark Towers Market Snapshot (9/1/2010)
- 09/06/10 05:18 PM
Landmark Towers Market Snapshot (9/1/2010) Landmark Towers is a condominium project situated at 4750 N. Central Ave, Phoenix 85012. Built in 1963, the Landmark offers 16 floors (13th Floor does not exist, of course) of condo residences with either 14, 15, or 16 units per floor, for a total of 244 condo units. Typically, the average configuration is 2 Beds and 1-2 Baths. Current HOA dues are estimated at $0.66/SF per month. This includes exterior maintenance, roof repair, roof replacement, blanket insurance policy, water, sewer, garbage collection, pest control, air conditioning/heating, electric, gas, common area maintenance, street maintenance. Amenities: pool, … (0 comments)
Phoenix reported 11 single family detached (SFD) houses sold in Q1 within a quarter mile radius of the light rail stations. The average sale price was $150,909 and the average size was 1,419 sf at $103.03 per square foot. Average time on market was 38 days. The most expensive house sold for $351,000 near the Central & McDowell Station. It was bank owned with 2,260 sf, 3 bedroom and 3 bathrooms, located at 2040 North Alvarado. There were 41 condo sales with an … (0 comments)
light rail real estate: Water in Phoenix? Value of a ‘cooled' drinking fountain at light rail stations
- 03/28/10 05:41 PM
So, what's in a water fountain feature? Not a big deal you say? Well think and say again. When it is 115 or 120 degrees outside, and the pavement is melting, or better yet, people are frying eggs on the sidewalk, you will realize the value in a ‘cold' swallow of water to keep hydrated. Phoenix Metro light rail planned and built in drinking fountains with a cooler. You don't have to worry about standing and waiting for the next train in the heat and think you are out of water any longer. Help is now available! The paramedics are also … (0 comments)
light rail real estate: Mormon Temple Light rail stop in Mesa AZ: Is it an answer to prayer?
- 03/28/10 05:37 PM
The Phoenix Metro light rail began service in December 2008. It began service with an impressive 20-mile starter line, going through the downtown area, Arizona State University main campus, and to an end station in one of the larger cities in the State, Mesa.One of the extensions that is under progress is a 3-mile addition to the current end station and with it will push the new end station next to the Mesa Mormon Temple. So, what about such a decision? The Mesa Mormon Temple is a gathering stop for church member throughout the year. There are thousands of visitors each … (2 comments)
light rail real estate: How Light Rail Connect started
- 03/27/10 03:33 AM
The story of LightRailConnect.com is interesting to say the least. It is yet another success story born out of a graduate school program at the university level. Here is a brief outline of how it unfolded. In 2007, a commercial real estate agent named Don Mortensen decided to return to school to study at the graduate level. He paid $25,000 tuition to enter the MRED program, or, Master's in Real Estate Development at Arizona State University. The objective was to learn the ‘how to', ‘why' and' what next' of real estate development. It was also to network and make contacts with … (0 comments)
light rail real estate: Living along the Light Rail Corridor is Smart and Hip
- 03/27/10 03:31 AM
Ever think about living near convenience? That is what light rail brings to a community when done properly. But why take this point of view? For some very good reasons. Peer into a crystal ball for the next few years, and try and see what the future holds for energy and gas prices. Up. Way Up. The future looks good for big government and big oil companies. And that means it looks expensive for you and I. The old adage, 'hold on to your wallet' probably is too late. It is more accurate to say ‘the government giveth and the government … (0 comments)
light rail real estate: Opportunity in Phoenix Metro Light Rail Real Estate
- 03/27/10 03:27 AM
While we read almost daily about news reports and articles that decry the state of Residential Real Estate in the Phoenix Metro marketplace, a bright star is about to shine. It is time to consider the benefits of investing and believing in Real Estate values on the Phoenix Light Rail line.
The Light Rail Starter Line is scheduled to start operations on December 27, 2008, more than a year from now. Changes to the character of the initial 20 mile Starter- Line will become more evident during the first two years of operations. At a cost of $1.4 Billion from … (1 comments)
light rail real estate: Light Rail Chamber of Commerce
- 03/26/10 05:54 PM
Light Rail Chamber of Commerce The Light Rail Chamber of Commerce is a new and unique business organization just opened its doors in the Phoenix-Tempe-Mesa Metro area. Bryan Watkins is the new President of the new non-profit, and stated "we are a powerful new voice in the light rail corridor, and hope to work with all interested business, government and other interested individuals." The first local Chapter has already gathered over 700 followers on Twitter, many from interested chambers in other parts of the U.S. The objective of the Light Rail Chamber is to promote the business interests of the corridor. This area can … (0 comments)
light rail real estate: Light Rail Real Estate News, March-June 2010 Issue of LightRailConnect.com Magazine: Ryan House
- 03/26/10 05:23 PM
Slated for a grand opening of March 27, 2010, Ryan House, a non-profit hospice care facility for children will be located at Merrell Street and First Avenue in Phoenix. Ryan House is named for Ryan Cottor, a 7-year-old boy diagnosed with a genetic motor-neuron disease currently defying a grim prognosis. Ryan House, which is partnered with Hospice of the Valley, St. Joseph's Hospital and Medical Center and the Junior League of Phoenix is meant to provide support and care of families facing illness. -Jessica Driver … (0 comments)
light rail real estate: Light Rail Real Estate News, March-June 2010 Issue of LightRailConnect.com Magazine: Block 1949
- 03/26/10 05:18 PM
Located east of McClintock Drive in Tempe is Block 1949, a new contemporary student housing complex. Developed by JLB Tempe, LLC, Block 1949 will feature modern apartment living with plush amenities such as a state of the art fitness center, a media room complete with a plasma TV, an Internet cafe, a coffee bar and a pool with an outdoor party deck. These one to four bedroom units are conveniently located near Tempe Marketplace, Arizona State University, Sun Devil Stadium and Mesa Community College. Thanks in large part to its position near the light rail, Block 1949 provides a modern, urban setting for … (0 comments)
light rail real estate: 9. Primer on Transit Oriented Development (TOD)
- 03/26/10 05:09 PM
Things you should know about TOD (Transit Oriented Development) As Light Rail transit unfolds across the country, developers are eyeing opportunities to acquire, design and build profitable projects that business and the public find both desirable and practical. What are the best locations for development near transit? The answer is TOD, or Transit Oriented Development. There are 4,000 locations across the US that meet this definition. This scarce resource is similar to waterfront property, and can provide great benefit to the public. 9. Enhanced Transportation Choices. A major objective of TOD is to provide a concentration of living, shopping, entertainment, and employment … (0 comments)
light rail real estate: 8. Primer on Transit Oriented Development (TOD)
- 03/26/10 05:08 PM
Things you should know about TOD (Transit Oriented Development) As Light Rail transit unfolds across the country, developers are eyeing opportunities to acquire, design and build profitable projects that business and the public find both desirable and practical. What are the best locations for development near transit? The answer is TOD, or Transit Oriented Development. There are 4,000 locations across the US that meet this definition. This scarce resource is similar to waterfront property, and can provide great benefit to the public. 8. Increase Opportunities for Jobs and Business. More than the businesses and jobs created within the TOD, transit is recognized … (0 comments)
light rail real estate: 7. Primer on Transit Oriented Development (TOD)
- 03/26/10 05:01 PM
Things you should know about TOD (Transit Oriented Development) As Light Rail transit unfolds across the country, developers are eyeing opportunities to acquire, design and build profitable projects that business and the public find both desirable and practical. What are the best locations for development near transit? The answer is TOD, or Transit Oriented Development. There are 4,000 locations across the US that meet this definition. This scarce resource is similar to waterfront property, and can provide great benefit to the public. 7. Revitalizes Community Centers and neighborhoods. TOD promotes a more efficient use of existing land, infrastructure, and services, and … (0 comments)
light rail real estate: 6. Primer on Transit Oriented Development (TOD)
- 03/26/10 05:00 PM
Things you should know about TOD (Transit Oriented Development) As Light Rail transit unfolds across the country, developers are eyeing opportunities to acquire, design and build profitable projects that business and the public find both desirable and practical. What are the best locations for development near transit? The answer is TOD, or Transit Oriented Development. There are 4,000 locations across the US that meet this definition. This scarce resource is similar to waterfront property, and can provide great benefit to the public. 6. Higher density, mixed use zoning. Zoning changes are imperative and fundamental to encouraging TOD in all station areas. These … (0 comments)
light rail real estate: 5. Primer on Transit Oriented Development (TOD)
- 03/26/10 04:59 PM
Things you should know about TOD (Transit Oriented Development) As Light Rail transit unfolds across the country, developers are eyeing opportunities to acquire, design and build profitable projects that business and the public find both desirable and practical. What are the best locations for development near transit? The answer is TOD, or Transit Oriented Development. There are 4,000 locations across the US that meet this definition. This scarce resource is similar to waterfront property, and can provide great benefit to the public. 5. TOD is a scarce and valuable resource. TOD is a scarce and valuable resource, similar to oceanfront locations. Property … (0 comments)
light rail real estate: Light Rail Real Estate News
- 03/26/10 04:14 PM
Phoenix, the fifth most populous city in the United States, with over 4 million people living in the ever expanding metropolitan area will receive a slew of new development projects. Centered around the valley's Metro Light Rail, these projects will include everything from affordable housing to anew children's hospital. The light rail which has recently connected much of the city's older establishments to innovative, urban businesses and lodgings will continue to do so in 2010 and beyond. Real Estate in the light rail corridor will become a smarter investment as the development cycle comes back to the growth phase. … (1 comments)
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