category archive listing Category Archives: Scottsdale

New Urban Residences Proposed for Downtown Scottsdale

November 16, 2011 – 5:07 pm

The Arizona Republic recently reported that a Dallas based developer is proposing building 369 apartments in downtown Scottsdale, located immediately northwest of Optima Camelview Village, to be called Portales Apartments. The plan had been to build 126 high rise condos, to be named Portales Place, on the site but that failed with the real estate bust. Although I would [...]

By Will Daly | Also posted in Market Update, What's New | Comments (2)

Phoenix, Scottsdale and Tempe Urban Market Update Q1 – 2011

April 28, 2011 – 12:58 pm

The condo market has definitely picked up some steam coming into 2011.  While foreclosures and short sales continue to make up over 2/3 of the sales, “re-newed” condo sales are steady to strong in some buildings. Over the last year and a half, numerous fractured condo projects changed hands, relieving most debt and introduced new [...]

By Mitch | Also posted in Market Update, Phoenix, Tempe, What's New | Comments (6)

Ten Wine Lofts is Rockin’… Literally

March 31, 2011 – 11:21 pm

Ten Wine Lofts in Scottsdale is another boom/bust building that has emerged from bankruptcy and is much better for it.  The new owners are really putting a lot of time, money and energy into completely redoing the place. The pool is literally being jack hammered up and will be completely redone by the end of [...]

By Will Daly | Also posted in What's New | Comments (4)

Ten Wine Lofts Turning Rental

December 21, 2010 – 9:54 am

This won’t be a big surprise to anyone but it’s still relevant to this site/blog. Ten Wine Lofts, the urban condo community at roughly Osborn and Scottsdale Road has been converted to apartment rentals and is expected to be on the market in early 2011.  An investor purchased the community after the original developer and [...]

By Will Daly | Also posted in Hot Deals, Market Update, Rentals, What's New | Comments (7)

More Data Reflecting Sales in Phoenix and Scottsdale

December 22, 2009 – 9:24 pm

Joseph Lee commented on a post I wrote two weeks ago, Why is Real Estate Inventory Down…Sales!, that I thought was worth sharing further.  He wrote: “Not all cities are created equal: 2008 (12/17) 2009 (12/17) All counties 56,434 88,478 Phoenix 12,285 24,346 Scottsdale 4,309 5,459 Paradise Valley 174 255 This is just MLS and does [...]

By Will Daly | Also posted in Market Update, Phoenix | Comments (3)

Optima Plans 500 New Condos in Downtown Scottsdale

December 21, 2009 – 1:34 pm

We reported previously that Optima Development had acquired the Orchid Tree apartment building at the south east corner of 68th Street and Camelback with the intention of razing it and building a mixed use condo development, presumably similar to Optima Biltmore Towers and/or Optima Camelview Village. AzCentral.com just re-reported essentially the same thing with a [...]

By Will Daly | Also posted in In-Fill Developments, What's New | Comments (7)

Scottsdale Live/Work Space Going to Auction

November 9, 2009 – 12:02 am

We’re not posting all the details on the web but if you are looking for a live/work town home in Scottsdale then call us right away.  There are a handful of 3 story, 3 bedroom, 4 bathroom, 3,000+ square foot town homes zoned for both light commercial and residential use located minutes from downtown Scottsdale about to go [...]

By Will Daly | Comments (8)

Additional Info on the Optima Purchase of Orchid Tree

July 30, 2009 – 11:36 am

My previous post on the topic stated the purchase price as being $15M.  The actual amount was closer to $16M.  Optima reportedly purchased the 278 unit apartment complex with the intent to tear it down and build upscale luxury condominiums on the 8.54 acre site.  I am very curious to know what the proposed time [...]

By Will Daly | Also posted in In-Fill Developments, What's New | Comments (7)

Optima Buys Property in Scottsdale

July 7, 2009 – 1:55 pm

We just learned that Optima Development bought Orchid Tree Apartments at the south east corner of Camelback Road and 68th Street.  Optima paid approximately $15M for the property.  We haven’t heard yet what is planned.  Optima has built two residential condo communities in town, Biltmore Towers and Camelview Village but has built commercial office buildings in Chicago and [...]

By Will Daly | Also posted in What's New | Comments (2)

Phoenix High Rise Prices vs. San Diego

May 11, 2009 – 11:21 pm

Talk to Phoenix high rise developers trying to hawk their goods and they’ll tell you their prices make all the sense in the world.  If so, how come no one’s buying?  Sure the market is slow and its harder to get loans today but some people are buying but not at the brand new condominiums [...]

By Will Daly | Also posted in High Rise Condos, Market Update, Phoenix | Comments (12)
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