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Site Plan for Villages of Vigneto (click to enlarge)

Site Plan for Villages of Vigneto (click to enlarge)

Benson and El Dorado Holdings are ready to begin a new 28,000 home master planned community. The Benson City Council gave its approval to development plans for the community on 12,445 acres this week. The Villages of Vigneto Master Planned Community is the new name for the former Whetstone Ranch located on the east side of Hwy 90, south of I-10 in Benson, Arizona.

El Dorado Holdings of Phoenix bought the property in an REO sale last year for $26.5 million that included entitlements for 29 developed lots in The Canyons I, 179 partially improved lots in The Canyons II, and 373 additional platted lots. The community had started as Whetstone… Read more

Starbucks, 1926 N Scottsdale Road, Tempe, AZ

Starbucks, 1926 N Scottsdale Road, Tempe, AZ

Phoenix, Arizona – Andy Kroot with Velocity Retail Group, LLC negotiated the sale of the single tenant Starbucks store located at the southwest corner of Scottsdale and McKellips – 1926 North Scottsdale Rd, Tempe AZ. The property commanded a sale price of $2.42 million ($1,308 PSF).

This Starbucks building is approximately 1,850-square-feet on approximately 23,000-square-feet of land with a drive-thru.

Andy Kroot,Principal of Velocity Retail Group represented the Seller in the transaction and Jon Stansbury of DTZ represented the Buyer.

The seller, SWC Scottsdale & McKellips, LLC and the buyer – TEMK Investments Femont, LLC closed the transaction April 8, 2015.

“The Greater Phoenix Retail market is very strong right now and is… Read more

March AZ Jobs Report

Click to enlarge Chart

The number of Americans seeking unemployment aid rose for the second straight week, with applications increased by 12,000 last week to a seasonally adjusted 294,000, the Labor Department said Thursday. Despite the increase, the Labor Department says that this number is quite low and the U.S. seasonally adjusted unemployment rate remains unchanged for the month of March, at 5.5%.

Arizona’s seasonally adjusted unemployment rate dropped three-tenths of a percentage point from 6.5% in February to 6.2% in March. A year ago, the Arizona seasonally adjusted rate was 7.0% and the U.S. rate was 6.6%.

Arizona added 5,600 Nonfarm jobs (0.2%) over the month in March. This was less than half the ten-year (’05-’14) average job gain… Read more

Melissa A Swader

Melissa A Swader

Phoenix, Arizona – Melissa Swader has joined the Sperry Van Ness team in Phoenix, AZ as the new Public Relations Media and Marketing Contact. Swader will be involved in all aspects of planning publicity campaigns, writing and producing presentations and press releases. She will also be your contact for organizing joint promotional events such as fundraisers, press conferences, provide any marketing material for property listings with SVN, and will be highly involved in all social media aspects for the Phoenix office.

Swader comes with vast knowledge in the marketing and design business. She is a graduate of Arizona State University where she obtained her business license before graduating ASU with a Bachelors of Fine Arts. With her… Read more

Reserve & White house Real Estate Daily News

Real Estate Daily News Buzz – business perspectives, real estate, government, the Fed, local news, and the stock markets

Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you time. Here you will find the headlines and what the news buzz for the day will be.

On Thursday, the Dow Jones industrial average slipped 6.84 points, less than 0.1%, to close at 18,105.77. The Standard & Poor’s 500 lost 1.64 points, a fraction of a per cent, to 2,104.99. The NASDAQ… Read more

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