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Friday, March 24, 2023   /   by Juan Grimaldo

Have You Thought About Why You Might Want To Sell Your House?

Some Highlights
If you’re on the fence about selling your house, it’s worth considering all the reasons why moving could make sense for you.
If you find your home no longer meets your needs, it may be time to sell.
You have a lot to consider when deciding if you should move. Let’s connect today to go over the benefits of selling your house. ...

Friday, March 24, 2023   /   by Juan Grimaldo

Banner Health sells Valley medical building for $29M

Phoenix-based Banner Health sold one of its health centers for $29 million, according to Tempe-based Vizzda LLC real estate database.
Plans call for leasing back the 73,327-square-foot medical office space in Peoria from the buyer, an entity tracing to Montecito Medical Real Estate, according to Vizzda research.

Banner assesses its real estate portfolio on an ongoing basis and is always looking for opportunities to deploy the most effective financing strategies, said Rebecca Armendariz, spokeswoman for Banner. "Banner sold this property and will lease it back from the new owner to continue providing clinical services at this location. We intend to reinvest a portion of the sale proceeds into building upgrades to enhance the patient experience."
Banner Health Center, which was built in 1989 on 5.65 acres at 13640 N. Plaza Del Rio Blvd. in Peoria, sold for $395.49 per square foot, according to Vizzda.
Also buying another Banner health center is an entity tracing to Virtu ...

Thursday, March 23, 2023   /   by Juan Grimaldo

Why Buying a Home Is a Sound Decision

If you’re thinking about buying a home, you want to know the decision will be a good one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment.
This year, we aren’t seeing home prices fall dramatically. As the year goes on, however, some markets may go up in value while others may lose value. That’s why it’s helpful to keep the long-term view in mind. Experts project a return to a steadier rate of price appreciation in the years that follow.
Home Price Appreciation in the Years Ahead
Over 100 economists, investment strategists, and housing market analysts were polled by Pulsenomics in their latest quarterly Home Price Expectation Survey (HPES). The report indicates what they believe will happen with home prices over the next five years. As the graph below shows, after mild depreciation this year, these experts forecast home prices will return to more normal levels of ...

Thursday, March 23, 2023   /   by Juan Grimaldo

Developer unveils new renderings for proposed Phoenix residential tower

Chicago-based LG Group has started construction on what will be one of the largest residential towers in downtown Phoenix once completed.
The new 29-story tower will total 1.4 million square feet with 747 units and nearly 30,000 square feet of retail space at 601 N. Central Ave. and is expected to be completed by 2024.

"It offers a very attractive option at the higher-end for somebody who wants a building that's absolutely, fully amenitized," Brian Goldberg, founder and CEO of LG Group, told the Business Journal.
It will cost just under $300 million to develop and include 104 studio, 345 one-bedroom, 257 two-bedroom and 41 three-bedroom units. The company said it's too early to determine the leasing rates.
To continue reading, click here
By Audrey Jensen - Reporter, Phoenix Business Journal ...

Wednesday, March 22, 2023   /   by Juan Grimaldo

Reasons To Consider Condos in Your Home Search

Are you having trouble finding a home that fits your needs and your budget? If so, you should know there’s an option worth considering – condominiums, also known as condos. According to Bankrate:
“A condo can be a more affordable entry point to homeownership than a single-family home. And as a homeowner, you’ll build equity over time and have access to tax benefits that a renter wouldn’t.”
That’s why expanding your search to include additional housing types, like condominiums, could help you accomplish your homeownership goals this spring, especially if you can be flexible about the space you need. Condos are typically smaller than a single-family home, but that’s part of what can make them more budget-friendly (see graph below):
In addition to providing more options in your home search and possibly your price point, there are several other benefits to condo living. They tend to require less upkeep and lower maintenance – ...
The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395

© 2023 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. March 25, 2023
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