Rocket Companies, the Detroit-based fintech platform consisting of mortgage, real estate and personal finance businesses, announced it has entered into an agreement to purchase Redfin, a leading digital real estate brokerage, in an all-stock transaction for a value of $12.50 per Redfin share, or $1.75 billion of equity value. Rocket Mortgage maintains an office in downtown … [More]
Real Estate Investment Firm Opens New Mixed-Use Housing Project in Tempe
Construction is complete on an innovative, transit-oriented, attainable housing community in the heart of Tempe. The grand opening will take place on March 15 for a 129-unit multifamily project called Dwell @ 5th and Farmer located on a two-acre parcel at the intersection of 5th Street and Farmer Avenue. Dwell Tempe will provide new housing options for residents working in … [More]
ASU, City of Phoenix Announce Site of $200M ASU Health Headquarters
Arizona State University (ASU) and the City of Phoenix have officially announced the location for the ASU Health headquarters, marking a major step forward in the university’s expansion into medical education. The new facility will be built in downtown Phoenix within the Phoenix Bioscience Core, on a one-acre triangular lot bordered by Fourth and Fifth to the east and west; and … [More]
Phoenix Metro Homes Sell for $6,400 More When They Are Listed in Late November
Spring home sellers who listed their home for sale in the second half of May maximized their home's sale price last year. A new Zillow® analysis found that homes listed in the last two weeks of May sold for 1.6% more, a $5,600 boost on a typical U.S. home. In Arizona, the Phoenix market saw a boost of 1.4%, a $6,400 boost, in last part of November 2024. Search … [More]
ACA Announces New State Broadband Director
The Arizona Commerce Authority (ACA) announced that Nick Capozzi will serve as Arizona’s new State Broadband Director. Capozzi replaces Sandip Bhowmick, who has served in the position since February 2022 and is departing for a role in the private sector. “We’re excited to welcome Nick in this important role during a time of immense activity and promise for Arizona broadband … [More]
Real Estate Co. Signs New Brokers to Phoenix Team
Edge Realty Partners announced that several brokers have joined the Edge Phoenix office. Senior Vice President David Jarand and Senior Associate Kevin Jarand made the move from Avison Young in Phoenix and Senior Associate Anthony Ruiz was previously at SVN Desert Commercial Advisors. David Jarand is a seasoned commercial real estate professional with over 30 years of … [More]
