Arizona Real Estate News

Category: News

Eastmark celebrates over 500 sales for 2015

Eastmark photo 1

Eastmark, DMB’s newest master-planned community, recently celebrated over 500 homes sales to date in 2015, bringing the community’s total sales to about 900 in just over two years. Real estate experts continue to herald the East Valley as a strong housing market and those rising communities have had a number of key economic development wins in recent months that will bring more high quality jobs to the area.   “The sales numbers have exceeded our expectations and so we have accelerated amenities here to meet the growing demand at Eastmark.  In just over two years, these neighborhoods have become vibrant places to live and play,” said Dea McDonald, General Manager for Eastmark and Senior Vice President for DMB. Nearly 900 homes have sold at Eastmark since opening in June 2013, and the community was recently ranked as one of the top 10 fastest selling masterplanned communities in the nation by RCLCO.   Eastmark’s signature Community Life programming has led to strong neighbor referrals as well.  Suzanne Walden Wells, Director of Community Life for Eastmark explained, “When choosing a home, the first things most of us consider are price and floor plan. At Eastmark, there’s another equally important element – community. Nothing can compare to the joy of an impromptu porch party or dancing with 1,000 of your new best friends at a First Friday concert. Eastmark attracts people who want to be a part of a community where neighbors connect and are truly engaged.” Eastmark photo 1 Today, Eastmark’s 10 national and local homebuilders are offering more than 50 different home floorplans in 23 neighborhoods.  This includes  the Encore community, which offers buyers 55+ a unique neighborhood with exclusive amenities within the masterplanned community.   Home building and home buying in the East Valley remained constant through the typically slow summer months.  McDonald offered his take, “We planned for a slower summer but traffic and sales remained strong.  We’ve heard from residents that moving into their selected school district before the start of school was important and many families had experienced Eastmark’s special events and returned in the summer for a home purchase.”   Eastmark’s Growing Amenities   In response to the rapid sales pace, Eastmark launched its next phase of the amenity package and will open the community’s first resort-style pool for residents this spring.  The ‘Mark, the community’s welcome center, will be transformed into an indoor/outdoor recreation center connected to the exclusive pool area for kids and adults to enjoy.   Thousands of visitors have enjoyed Eastmark’s signature large scale events like Awesomefest in April and the monthly concert series in the Eastmark Great Park.  The dedicated, on-site Community Life team hosts more than 100 public and resident programs annually, including popular holiday traditions.   Each neighborhood in Eastmark enjoys their own signature parks with fire pits, relaxation areas, unique play structures and more.  These 20+ neighborhood parks have become hallmarks for residents to gather and play.  The Orange Monster, Event Pavilion and Eastmark Splashpad bring visitors from surrounding communities to come and enjoy the community spaces at Eastmark.   High Quality Schools, an Apple and a Stronger Economy   Designed to grow into a major economic core of the East Valley, Eastmark sits at the heart of the region’s completed transportation system and near the Phoenix-Mesa Gateway Airport and ASU’s Polytechnic Campus.   Apple’s Arizona Global Operations Center resides at Eastmark and DMB’s Operations team is working to bring more high-quality jobs to the area.  A 3,200 acre development, five square miles, Eastmark will be home to thousands and is planned for millions of square feet in commercial uses, hotel and recreation.  Over time, this community will be a hub for the Phoenix East Valley.   Anchored in the civic center of Eastmark, two world-class elementary schools educate more than 1,000 students today.  BASIS, one of the leading charter schools in the nation, operates their only Mesa campus at Eastmark and Sequoia Pathfinder Elementary focuses on STEM education for their students.  A new A-rated public school opened this year to serve the community and it is just a short walk from Eastmark neighborhoods.  

Russ Lyon Sotheby’s International Realty to Host Sotheby’s President & CEO at Regional Networking Event


Russ Lyon | Sotheby’s International Realty is proud to host President and Chief Executive Officer Philip White of Sotheby’s International Realty Affiliates LLC, at a Regional Networking Event on November 18th, 2015 at the Scottsdale Princess Resort. sotheby White, who will be the keynote speaker for the Regional Network Event is a 33-year real estate industry veteran and has served the Sotheby’s International Realty brand in both management capacities and as a broker and owner. As a result of his focus on providing quality service to the brand’s network members, Sotheby’s International Realty Affiliates LLC has won Franchise Business Review’s Best in Category for Real Estate Franchisee Satisfaction award for the last five years. In addition to its real estate ranking, the brand also came in second overall among the Top 50 Large Franchise Systems, which is a ranking of all franchise systems with more than 200 units across all categories. Among the attendees, Russ Lyon | Sotheby’s International Realty agents and managers who will gather from around Arizona to network, learn about the industry’s best practices, and discuss updates in the global luxury real estate market. “Arizona and particularly the Valley of the Sun are areas where we have watched the luxury real estate space grow over the past several years and really prosper,” said Philip White. “I’m looking forward to sharing market insight from a global perspective and show our Russ Lyon | Sotheby’s International Realty agents how they can apply it to their own positive developments in the luxury real estate market.” White said the event will also be a great opportunity to discuss exciting and innovative plans on the marketing front and how agents can leverage their unique relationship with the Sotheby’s Auction House. In addition to this Regional Networking Event, Russ Lyon | Sotheby’s International Realty recently participated in the 2015 Sotheby’s International Realty® Leadership Forum, which brought together more than 400 network members worldwide. The dynamic two-day event, held in late October at the Terranea Resort in Rancho Palos Verdes, California, provided a unique opportunity for Sotheby’s International Realty brokers, owners and managers to network and share best practices. “The Leadership Forum provided a great value to our firm. It offered the opportunity to network with some of the world’s most talented real estate professionals and learn more about the industry and the Sotheby’s International Realty brand’s vision for the future,” said Deems Dickinson, president and designated broker for Russ Lyon | Sotheby’s International Realty. “The insights gained from the Leadership Forum will translate well to our upcoming Regional Networking Event.” Russ Lyon | Sotheby’s International Realty, which has offices in the greater Phoenix Area, Northern Arizona, and Southern Arizona offers exclusive Sotheby’s International Realty marketing, advertising and referral services designed to attract well-qualified buyers to the firm’s property listings. In addition, the firm and its clients benefit from an association with the Sotheby’s auction house, which promotes real estate referral opportunities with auction house clientele.

Resource Real Estate Opportunity REIT Acquires Springs at Gilbert Meadows Apartments in Gilbert, Ariz.

Resource Real Estate Opportunity REIT, Inc. (“Opportunity REIT”), a non-traded real estate investment trust sponsored by Resource Real Estate, Inc. (“Resource Real Estate” or “RRE”), today announced the acquisition of the Springs at Gilbert Meadows Apartments (the “Springs”) in Gilbert, Ariz.

The greater Phoenix metropolitan area is the eighth largest in the country, with nearly 4.4 million residents as of 2013. Often referred to as the “Silicon Desert,” due to its ability to attract major companies in the high growth sectors of aerospace and defense, Phoenix has recently outpaced the rest of the nation in employment growth, averaging 2.3 percent growth or 40,000 jobs per year since 2010.

Gilbert is an affluent and attractive suburb of Phoenix, and is the 12th fastest growing municipality in the United States. Residents are attracted to Gilbert for its high quality of life, access to employment and entertainment centers, and the Gilbert Unified School District, a nationally ranked K-12 education system.

The Springs is advantageously located within a five-minute walk of Gilbert’s lively Downtown Heritage District, which contains a highly concentrated presence of restaurants, shops, parks, and cultural attractions such as the Gilbert Historical Museum and the Hale Theatre, the longest continuously running, privately owned and operated theatre in the country. The Springs consists of 459 apartment units and 20 two-story buildings situated on 22 acres and comprising approximately 320,000 net rentable square feet. The property offers amenities including two swimming pools, clubhouse, fitness center, business center, large outdoor recreational areas with barbeque facilities, and access to a biking/running trail. The Springs is expected to benefit from an extensive value-add strategy that includes new capital to improve the property, including enhancements to individual units, common areas, amenities, and exterior painting and landscaping.

Kevin Finkel, President and COO of the Opportunity REIT, said, “We are excited to make our first strategic acquisition in the Phoenix metropolitan area. As Phoenix’s growing economy and real estate market enters into a healthier, more balanced point relative to previous years, we are seeing a strong demand for renovated, well-located market rate apartments that are both attractive and affordable to Phoenix’s workforce. The Springs’s unique location allows its residents to walk to Gilbert’s pedestrian-friendly historic downtown, as well as easily access the many jobs that have been attracted to Gilbert. When we are finished with our extensive renovations, residents will be able to enjoy this walkable location, in a renovated, well-priced apartment.”

Experienced Valley Realtor Earns Prestigious Recognition for 5th Consecutive Year!

Homes and Land Magazine of Scottsdale and Phoenix announced its 2015 Top Ten Agents of the Year honorees, naming Bobby Lieb for the 5th consecutive year. Bobby was recognized by the publication for his significant North Central Phoenix and Biltmore area sales volume and units last year, which marked the most successful year of his 20-year career. In 2014, Bobby sold more than 180 homes, including a 15-home luxury subdivision and a 10-home subdivision, taking his career total to more than 1800 homes sold.


Each year, Homes and Land Magazine recognizes the Top Ten Agents by market for sales. These top residential real estate agents are recognized for their performance and professionalism during the previous year.

“It’s an honor to receive this recognition from Homes and Land Magazine, particularly after having the best year of my career,” said Bobby Lieb, associate broker for HomeSmart. “Earning this recognition adds to the momentum of last year, and I hope to be able to build upon it in 2015 and achieve more good results for my clients in North Central and the Biltmore area.”

Bobby is an associate broker for locally-owned HomeSmart and the founder of the HomeSmart Elite Group, an exclusive group of more than 400 HomeSmart agents who each have a proven track record of success in residential real estate. Most recently, Bobby has decided to expand his geographic focus into the neighboring Biltmore area, while still maintaining his personalized approach and commitment to achieving the goals of each of his clients.

Russ Lyon Sotheby’s International Realty Agent Represents Buyer in Purchase of Innocence Island for $18.7 Million

In keeping with its renowned tradition of helping prospective buyers find homes in exotic locales, Russ Lyon Sotheby’s International Realty is proud to announce the purchase of Innocence Island in the Bahamas.

Russ Lyon Sotheby’s International Realty office in Sedona, Arizona represented the undisclosed buyer, who paid $18.7 million for Innocence Island.


Located in the Exuma chain of the Bahamas, Innocence Island is a seahorse shaped piece of land bordered by white sand beaches and crystal clear turquoise water. It is the largest privately-owned island in the Bahamas.

The island consists of 681 acres of undisturbed land, covered with tropical foliage, native fruit trees, and gently rolling hills that border pristine white sand beaches.

The property also includes a 5,000-square-foot main house and a private airstrip with its own airport code. Adjacent to the house is undeveloped land, inviting the buyer to either expand the home or build a new guest house.

Managing Broker Tod Christensen of Russ Lyon Sotheby’s International Realty says agent Steve Donovan, who works out of the Sedona office, represented the buyer in the transaction.


“Steve has decades of experience in selling beach and exotic island properties in the Caribbean,” said Christensen. “Over many years, he has developed a sterling reputation as someone who helps clients who want privacy and seclusion in a home. For buyers who seek those qualities, Steve can help them find their ideal property all across the region.”

Christensen says islands, especially ones that are as rustic as Innocence Island, are not offered for sale very often.

“Finding an island for sale in the Bahamas is very rare, let alone a property like this that is in such pristine environmental condition,” said Christensen.

Christensen calls the island sale a dream come true for the buyer.

“There is not a lot of development on Innocence Island so this island is exactly what the buyer wanted. Our buyer pursued the sale aggressively, and exudes an adventurous spirit. The goal is to develop something unique in order to have an heirloom for the family.”