phoenix condominiums: Phoenix High Rise Condos - 07/13/09 04:14 PM
For decades high rise condos in Phoenix were rare. In fact until 1990 there were only four high rise condo buildings in the entire Valley, all located in the Phoenix Midtown area. And those four towers, constructed in the 1950's and 1960's, were built as rental apartments and only later converted to condominiums.
In 1990 construction began on Crystal Point, the first high rise condos in Phoenix. Unfortunately that was the same time that the Savings and Loan crisis hit the country and sales of these Phoenix condominiums were slow for almost a decade.
It wasn't for another ten years that … (0 comments)

phoenix condominiums: CHEAP CHEAP CHEAP! - 06/15/09 10:11 AM
We just learned about a steep price cut on high rise condo rentals in downtown Phoenix.  Condos ranging in size from one bedroom with one bathroom to two bedroom with a den and two bedrooms and priced as low as $1300 per month in an "A-Cabin" building walking distance from everything that downtown Phoenix has to offer.  High ceilings, floor to ceiling glass, exposed ductwork and conduit, upgraded lighting, wood floors and more.  To view these great condos click the "contact us" button at the top and we'll arrange a tour
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phoenix condominiums: The bad news could be good - 03/23/09 04:28 PM
I have been speaking to a lot of investors lately who are considering buying some of the large notes and assets hitting the market in Phoenix, Tempe and Scottsdale (e.g. Century Plaza, Safari Drive, Portland Place and many more).  At first blush it can be a bit depressing witnessing all the carnage of unfinished and/or unsold high rise and loft condominiums.  But here are some good points:
The fact that sophisticated and experienced investors are finally seeing the "value" in the distressed assets and notes means that we actually might be near "the bottom."  Of course the reason the prices are … (0 comments)

phoenix condominiums: Who is WeKnowUrban.com - 03/16/09 04:19 AM
Everyday we talk to developers, other real estate agents, investors, broke people, rich people, good guys, bad guys, scoundrels, scalawags, and anyone and everyone we can find who knows or thinks they know anything about high rise and loft condo living in the valley. We know what is going on.
We are THE experts on condos in town. Don't believe us? Check out the site. You will not find a more comprehensive source of information on this specific market niche anywhere.
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phoenix condominiums: The Hot News in Phoenix Urban Living - 06/21/08 02:29 PM
The hot niches in Phoenix high rise and loft urban living are rentals and distressed properties.
During the boom many investors preferred buying high rise condos instead of single family detached homes because the construction of high rise takes much longer (three to four times longer) so there is the potential for so much more appreciation prior to the investor taking possession of the property.  Thereby the investor would walk into tons of profit with little money out of his or her pocket.
That was the theory anyway.
Reality turned out to be much different.
During the years it took for the high rises to get built the market … (0 comments)

phoenix condominiums: Too Much Supply and Almost Zero Demand in Phoenix - 06/09/08 04:29 AM
Biltmore Square, located at 1701 E. Colter Street (just north of Camelback) in Phoenix was one of the very last developments to squeak throug the real estate boom door before it slammed shut hard.  It was approximately December 2005 that investors lined up and fought one another for the opportunity to buy at this apartment building turned condominium project.  Friends and mothers and daughters and co-workers jumped at the chance to turn a quick profit.
Within days of closing on their new "investment" the anxious investors put their properties back on the market either for rent or for sale or both.  Unfortunately, … (1 comments)

phoenix condominiums: Condo Tour - 05/08/08 03:40 PM
Join us Saturday, May 10th, at 10:00 as we join forty urban enthusiasts as we tour high rise and loft condominiums in and around the Camelback Corridor and Biltmore areas of Phoenix.
Our monthly tours cover specific urban communities, general market conditions, and our opinions of where the market will be in the next six months to five years.
This month we will tour great condominiums like Biltmore Jewel, Residences at the Grove, Fairway Lodges, and Optima Biltmore.
The cost is only $7.50 each for the public and $15 per real estate agent or for people who are represented by a real estate agent.  … (0 comments)

phoenix condominiums: Last Chance for the Camelback Corridor High Rise and Loft Condo Tour - 05/08/08 03:09 PM
You have just 24 hours more to register for our next high rise and loft condo tour being held this Saturday, May 10th.  We still have a few seats left and you won't want to miss it.  We're touring Optima Biltmore, Biltmore Jewel Condominiums, the gorgeous Fairway Lodges, and George Lofts.  We had previously announced that we would visit the sales office for the new Aura at Camelback but we have since learned that the developer is postponing the ground breaking of his community until market conditions stabilize a little bit.
Nonetheless, we will have a fantastic tour of high rise and … (0 comments)

phoenix condominiums: High Rise and Loft Condo Tour of Biltmore and Camelback Corridor - 05/01/08 04:19 PM
The next WeKnowUrban High Rise and Loft Condo Tour is just a week away.  On Saturday, May 10th, 2008, forty of us will be boarding a bus to check out the hottest loft condominiums and high rise residents available in the Camelback Corridor / Biltmore area of Phoenix.  This month we'll visit Biltmore Jewel, Aura at Camelback, Residence at the Grove, Optima Biltmore and one or two other communities.  The cost is only $7.50 for the pubic and $15 per person for real estate agents and/or clients of real estate agents.  During the tour we'll talk about the pros and cons … (0 comments)

phoenix condominiums: MEZZO Lofts in Phoenix Midtown Area - 02/06/08 08:56 AM
MEZZO Loft Condominiums at 1445 E. Whitton Avenue in Midtown Phoenix are under construction and scheduled to be completed summer 2008.  These ten, three story condos, were designed by Will Bruder and are being built by The Construction Zone.  They will each have 1525 square feet, 2 bedrooms with a den, 2 and a half bathrooms, a two car garage, a private terrace, some will have private yards, in a gated community.  To learn more give us a call or shoot us an e-mail. 
Will Daly, RE/MAX Excalibur Realty and WeKnowUrban.com(480) 510-8755
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phoenix condominiums: Super Bowl Rentals in Phoenix - 02/01/08 11:04 AM
With the most popular single sporting event of the year in the valley on Sunday, many Arizona residents are trying to make an extra buck.  Even though this is a highly traveled tourist spot with lots of hotels and resorts, many Phoenix, Glendale, Scottsdale, Paradise Valley and even Chandler homeowners are renting their homes out to incoming football fans.  This is definitely a good idea for people to make an extra buck, unfortunately, not everyone will get lucky with fan interest.  Hundreds of homes and condominiums have been listed on Craigslist and other websites specifically for Superbowl rentals.  They range from … (0 comments)

phoenix condominiums: High Rise Condos are Going Up, Up, Up in Phoenix and Tempe - 02/01/08 11:03 AM
New mixed-use developments planned or under construction all over the valley are including some world-class amenities for their urban dwellers to enjoy. Mosaic, a 23-story tower, which began construction recently in downtown Tempe, plans to have a flagship Whole Foods Grocery store on the bottom level.
Centerpoint, also rising over downtown Tempe will house a high-end market and cafe, a wine education facility, demonstration kitchen and a signature Italian restaurant, Trattoria M. These developers have created some amazing partnerships to give their residents a true mixed-use concept.
Across Mill Avenue to the east is another new high-rise, Lumina, developed by Australian based Constellation … (0 comments)

phoenix condominiums: Build Green in Phoenix - 01/27/08 12:34 PM
We all know how the market has been slow for a while and most likely will continue to slow. But we also all know that markets are cyclical and home prices will level out and the cranes will be moving all over the city soon again.  At the recent Urban Land Institute 2008 Real Estate Trends event, which has expert moderators and keynote speakers giving their outlook on the coming year, there were many mixed moods in the crowd. While the morale was rather low after Elliot Pollack's morose speech on housing, we will be seeing a major change in the … (1 comments)

phoenix condominiums: High Rise Condos at Crystal Point, Phoenix - 01/27/08 12:17 PM
There are two condominiums available in the Crystal Point High Rise at 10th Street and Osborn, Phoenix, that are NOT on the MLS yet.
The first is a fantastic two bedroom (currently set up as 1 bed with a den) two bath, 2000 sf,  condo on the 15th floor of the building with fantastic views of Piestewa Peak, Camelback Mountain, and more.  It's a formal model so has many special upgrades not available in any other condominium in the building.  The price?  $600,000  A great deal.
A second condo, again NOT on the MLS, is a floor plan identical to my own.  It's … (0 comments)

phoenix condominiums: Construction at Mitchell Lofts Begins - 01/27/08 12:14 PM
I received an e-mail today from Tammy Unrein, Project Manager and Sales Rep for Mitchell Lofts, 918 E. Mitchell, you know, the new builds going up just north of Artisan Osborn Lofts.  Anyway, I'm posting it here because she wanted to let us know about the project.  I wish she had included prices, number of bedrooms/bathrooms, and info on finishes but I bet we'll get that shortly.  What do you think of the renderings?
Hi Will.I wanted to fill you in on the loft project that we have just broken ground on in Phoenix.  The project is called Mitchell Lofts and is … (0 comments)

phoenix condominiums: February 9, 2008, High Rise and Loft Condo Tour in Phoenix - 01/24/08 03:14 PM
Join our Midtown Phoenix High Rise and Loft Condo Tour to be held February 9, 2008.  We'll visit the top high rise condo buildings and in-fill loft projects that the Central Avenue corridor has to offer.  These properties are gaining popularity thanks to the construction of the new light rail line.  Our itenerary includes visits to Century Plaza High Rise, Portland Place Lofts, Hawthorne Condominiums (not lofts but very affordable for being walking distance to a new light rail stop) and one or two other urban style condo communities.  For more information or to register go to www.WeKnowUrban.com and click on … (0 comments)

phoenix condominiums: George Loft Condos in Phoenix Are Finally Done - 01/24/08 03:08 PM
The developers of George Condominiums (12th Street just north of Missouri) celebrated the completion of construction this afternoon by throwing a little bash at the community.
What fantastic lofts.  These 2331 square foot, 2+den and 3 bedroom, loft style homes, with 2 car attached garages sell are priced from $685 to 750,000 and are worth every bit of it.  Ryan Spiekerman, one of the two developers, has a very keen eye for detail and style and it shows.
The homes feature gigantic caesar stone islands, gourmet quality appliances, and top notch European style cabinets in the kitchens, huge butted glass corner walls, finished concrete … (0 comments)

phoenix condominiums: Mitchell Lofts in Midtown Phoenix - 01/24/08 02:57 PM
Construction of Mitchell Lofts in Midtown Phoenix, 9th Street and Mitchell which is just north of Osborn, began in the last week or so.  This is a small, seven unit, multi story, loft style condo project on an in-fill lot in a neighborhood of 1940ish homes and 1950-1960 apartment buildings.  Each condo will have its own, attached, two car garage and a roof top balcony.
The floor plans are a tad different then what we are seeing in other infill loft projects in that the "extra" bedrooms and baths are downstairs off the garage and the kitchen and master bathroom are upstairs.  … (1 comments)

phoenix condominiums: Hawthorne Condominium Music of the Night - 11/07/07 01:51 AM
I attended a wonderful event last night at Hawthorne Condominiums.  The owner held a "Music of the Night" event complete with hors d'oeuvre, wine and beer, and the beautiful music (voice and piano) of two professionals flown in from San Diego.  About one hundred real estate agents and prospective buyers attended the event and all had a fabulous time.  Hats off to the listing broker, his team and the owner of Hawthorne Condos for a creative and splendid party. … (0 comments)

phoenix condominiums: Follow up, follow up, follow up - 10/30/07 04:10 AM
I manage ten new home sales reps and am constantly learning something from the experience.  Recently one of my reps said, "you know Will, what you told me was right, ya gotta follow up."  I asked him what he meant and he proceeded to tell me that he had diligently followed up on a lead I gave him and it paid off.  Months ago, when he first got the lead he either called or e-mailed the person once a week or so.  Then after a month and a half he dropped down to touching base once every twenty to thirty days.  … (3 comments)