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Archives for October 2022

$25M Expansion for Phoenix-Mesa Gateway Airport

Phoenix-Mesa Gateway Airport (Gateway Airport) selected McCarthy Building Companies as its general contractor to begin construction of a new 30,000-square-foot terminal addition to replace a 13-year-old temporary structure. The approximately $25 million project, which is being partially funded by a federal grant from the Bipartisan Infrastructure Law (BIL), will provide Gateway Airport with a larger, modern, energy-efficient and ADA-enhanced commercial passenger facility designed to accommodate future growth.

Currently, the airport’s terminal has 10 gates, but overall capacity and efficiency is limited by the current 10,000-square-foot temporary structure. New airlines, new flights and record-setting passenger activity require the airport to expand its terminal to keep up with its growing popularity.

“Gateway Airport is pleased to begin this important airport facilities improvement project,” said Airport Director J. Brian O’Neill, A.A.E. “We appreciate the financial support from the federal government and look forward to working with McCarthy Building Companies on this exciting project.”

The new terminal expansion will be connected via an impressive glass walkway and will include new retail and concession space. Demolition of the temporary facility is planned for December and the project is expected to be completed by February 2024. The airport and DWL Architects + Planners began designing the new facility in the summer of 2022 and, through a competitive bid process, selected McCarthy Building Companies as general contractor in August 2021.

The airport will be fully operational during the construction.

“As a resident of Mesa, I am thrilled to be part of the Terminal Modernization project team,” said Thomas Assante, project director for McCarthy Building Companies. “The positive impact that Phoenix-Mesa Gateway Airport has had on our community extends beyond being an economic driver and into so many of our lives by offering a convenient way to travel for business and visiting with loved ones, and the new expansion will only make that experience even better. With our team’s construction expertise on active airports, our construction strategy for the modernization ensures non-disruption of airport operations and an uncomplicated passenger experience. And, once we’re done, it will be even more efficient.”

Gateway Airport is served by five domestic and international airlines offering nonstop jet service to more than 50 popular destinations across the U.S. and Canada. The airport welcomes nearly 2 million passengers each year and contributes approximately $1.8 billion annually to the regional economy.

For more information about Phoenix-Mesa Gateway Airport, visit gatewayairport.com.

Information Source: AZ Big Media

Top 10 Florist Shops in Arizona

  1. ARCADIA FLOWERS & GIFTS
    • Year Established: 1985
    • Address: 4835 E. Indian School Rd., Phoenix, AZ 85018
  2. FIESTA FLOWERS PLANTS & GIFTS
    • Year Established: 2004
    • Address: 744 W. Elliot Rd., #103, Tempe, AZ 85284
  3. CACTUS FLOWER FLORISTS
    • Year Established: 1972
    • Address: 10822 N. Scottsdale Rd., Scottsdale, AZ 85254
  4. PJs FLOWERS & EVENTS
    • Year Established: 1985
    • Address: 3021 S. 35th St., #B3, Phoenix, AZ 85034
  5. CAMELBACK FLOWERSHOP
    • Year Established: 2004
    • Address: 4214 E. Indian School Rd., #101, Phoenix, AZ 85018
  6. GOD’S GARDEN TREASURES
    • Year Established: 2003
    • Website: godsgardentreasures.com
  7. BOBBIE’S FLOWERS
    • Year Established: 1949
    • Address: 5801 S. McClintock Dr., #103, Tempe, AZ 85283
  8. MONARCH EVENTS
    • Year Established: 2017
    • Website: themonarchevents.com
  9. WHITE HOUSE INTERIORS & FLOWERS
    • Year Established: 1995
    • Address: 4001 N. 24th St., Phoenix, AZ 85016
  10. ARTISTIC SURROUNDINGS
    • Year Established: 2008
    • Address: 1801 W. Rose Garden Ln., #3, Phoenix, AZ 85027

Information Source: AZ Big Media

11 of the Best Neighborhoods in AZ for Investment Properties

Since making Arizona their preferred location in recent years, investors of all skill and monetary levels are finding the state’s real estate market to be a fantastic investment decision. Investors have a wide variety of properties to choose from, and the region also boasts a burgeoning population, a booming tourism industry, first-rate amenities, construction of major industrial and commercial centers, and reasonably priced housing. But what are the best neighborhoods in Phoenix for real estate investments?

The Cromford Market Index shows the Phoenix housing market is starting to balance after a two-year seller’s market run. Zillow reports that Phoenix home values dropped by 2.8% between June and July of this year. Despite the decline in value this summer, Phoenix home values have still increased by a staggering 69.5% since July 2019.

In addition to waning demand, an influx of home listings has balanced the market as rapidly as we’ve seen in our marketplace. Only a few weeks ago, new listings were arriving very fast, but this seems to have subsided for now, which has created balance in our market. Some areas remain heavily weighted in the buyer’s favor, but overall, the market looks ready to settle into a more stable situation if current trends persist.

Here is a list of the best neighborhoods in Phoenix if you’re looking to invest in real estate for:

Best neighborhoods in Phoenix for long-term appreciation:

Arrowhead: Due to its established communities, tree-lined streets, a plethora of shopping outlets, and mountain vistas, Arrowhead is a highly sought-after place for many homeowners. Without the hassles of expansion and construction, this location offers existing suburban neighborhoods a wealth of amenities. With less money, you can have finer housing, closer access to outdoor recreation such as hiking, and more in the West Valley.

Maryvale: An urban village of Phoenix, Maryvale is a very affordable neighborhood located between downtown and GCU. The community’s efforts to improve and restore the area make this neighborhood highly sought-after. There are plenty of recreational activities for both parents and children, as well as modern ranch homes and schools nearby.

AirBNB:

Scottsdale: Scottsdale’s popularity as a tourist destination only continues to grow, as does the number of people investing in short-term rental properties in this wealthy Phoenix suburb. Beautiful weather, Cactus League Spring Training games, the Waste Management Open, and Barrett Jackson have long been draws for spring visitors, ensuring a steady flow of winter and spring visitors in need of housing. The Scottsdale housing market has appreciated by 10.33% over the last 12 months. According to Neighborhood Scout, this rate is top tier in the US, beating out  94% of cities and towns in the nation.

Glendale: From sports arenas, to the massive water park that’s going up, Glendale is on the rise! The restaurant and entertainment industries in Glendale continue to improve and with quick access to the Cardinal’s stadium (think Super Bowl and College Football Bowl Games) and Spring Training facilities, Glendale is proving to be a desirable location for short-term rentals.  Add to the sporting events the fact that Glendale is close to the new semiconductor manufacturer and you can see why investing in a short-term rental in Glendale could prove profitable. 

Family Home: 

Paradise Valley: Home to some of the world’s best resorts and golf courses, Paradise Valley continues to rank among the nation’s most expensive zip codes. One-acre lots, stunning luxury homes, and a lush desert environment are top draws for home buyers making Paradise Valley their primary, secondary or tertiary residence.

Biltmore Area – Phoenix: The Biltmore area of Central Phoenix is sandwiched between Arcadia, North Central Phoenix, and some portions of Paradise Valley.  That triangulation provides wonderful opportunity as the areas bordering it squeeze the Biltmore as far as pricing is concerned. The area allows for quick access to the Camelback Corridor (think banks and restaurants) as well to downtown, the airport, and Scottsdale.  

Scottsdale: North Scottsdale is a highly sought-after residential location because of its stunning mountain views, good restaurants, wealthy communities, and high-end shopping. Many of North Scottsdale’s most prestigious neighborhoods have championship golf courses, lighted tennis courts, resort-style swimming pools and spas, clubhouses, and dining options. You can enjoy the best of outdoor life and take in each glorious, famously setting sun in sophisticated, attractive houses with amenity-rich backyards and large outside patios.

Flip

Gilbert/Chandler/Mesa: The East Valley has become a huge semiconductor hub, with massive corporate investments and thousands of new jobs coming to the area. Along with this growth comes a sustained demand for housing, and developers are working hard to keep up. This bodes well for home values in all of these East Valley neighborhoods, making them some of the most desirable in Metro Phoenix. As a flipper, these parts of town offer relatively newer homes that don’t require substantial “remodeling,” just some lipstick.

Rental

North Central: Those seeking city amenities and a suburban life are drawn to the walkable, charming lifestyle that this area offers. North Central Phoenix is one of the parts of the city that is expanding the fastest, with features like the farmers’ market and miles of hiking trails running through the heart of the city.  The lushness and old-growth trees attract people from the midwest as it feels more like an oasis than a desert.

Downtown Phoenix: With Creighton University opening a 195,000 square-foot Phoenix campus at Park Central Mall and ASU expanding its downtown footprint, the demand for city living has finally hit Phoenix. An explosive restaurant scene, plentiful arts and culture, as well as sports entertainment, and the popularity of downtown living should result in continued increases in renters.

Arcadia: Arcadia, a desert oasis, is renowned for its expansive grassy lots, copious citrus trees, contemporary ranch homes, excellent schools, and some of the Valley’s greatest dining establishments. Customers who want a tight-knit neighborhood and well-kept rental houses keep picking Arcadia. 

The greater metropolitan Phoenix area is without a doubt one of the best states in which to make a real estate investment at the moment. Due to the excellent quality of life these communities provide, property values are rising, the rent-to-price ratio is excellent, and the population is gradually growing. The aforementioned best neighborhoods in Phoenix should be at the top of your list if you’re looking to buy real estate!

Top 10 Places to Get a Steak in Arizona

  1. STK STEAKHOUSE
    • Year Established: 2021
    • Address: 7134 E. Stetson Dr., Scottsdale, AZ 85251
  2. MASTRO’S STEAKHOUSE
    • Year Established: 1999
    • Address: 8852 E. Pinnacle Peak Rd., Scottsdale, AZ 85255
  3. STEAK 44
    • Year Established: 2014
    • Address: 5101 N. 44th St., Phoenix, AZ 85018
  4. HEARTH ’61 at Mountain Shadows Resort Scottsdale
    • Year Established: 2017
    • Address: 5445 E. Lincoln Dr., Paradise Valley, AZ 85253
  5. MAPLE & ASH
    • Year Established: 2019
    • Address: 7135 E. Camelback Rd. #130, Scottsdale, AZ 85251
  6. THE AMERICANO
    • Year Established: 2020
    • Address: 17797 N. Scottsdale Rd., Scottsdale, AZ 85255
  7. MORTON’S THE STEAKHOUSE
    • Year Established: 1999
    • Address: 15233 N. Kierland Blvd., Scottsdale, AZ 85254
  8. J & G STEAKHOUSE
    • Year Established: 2008
    • Address: 6000 E. Camelback Rd., Scottsdale, AZ 85251
  9. LINCOLN STEAKHOUSE & BAR
    • Year Established: 2016
    • Address: 5402 E. Lincoln Dr., Scottsdale, AZ 85253
  10. EMBER at We-Ko-Pa Casino Resort
    • Year Established: 2020
    • Address: 10438 Wekopa Way, Fort McDowell, AZ 85264

Information Source: AZ Big Media

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Ben Leeson and TJ Kelley

Arizona Experience Realty Group Resale Broker for the SHEA Preferred Program

480-677-8170

Info@ENCBrokers.com

 

36460 N Encanterra Drive Queen Creek, AZ 85140

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