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Tuesday, January 26, 2021   /   by Adam Donaldson-Moxley

Tucson's 2020 housing market is the best the city has seen in 13 years!

Article originally posted on tucson.com on January 25th, 2021
The 2020 housing market was the best the Old Pueblo has seen in more than a decade. With interest rates at historic lows and homes taking on new meaning becoming offices and classrooms during the COVID-19 pandemic 4,336 new home permits were issued for the year. That was a 17.28% increase over 2019, according to the Tucson-Southern Arizona Housing Market Letter year-end report.

“The demand swing happened quickly in 2020 and the market is still working to respond to it”. The top five builders in the Tucson market in 2020, and the number of permits they pulled were:

DR Horton: 787
Meritage Homes: 663
Richmond American: 462
Lennar Homes: 362
Robson Communities: 357

Click on the link below to see the full article and more in-depth information about these statistics: Link ...

Tuesday, January 26, 2021   /   by Adam Donaldson-Moxley

Wine-centric boutique hotel coming to downtown Tucson in late spring

Article originally posted on tucson.com on January 24th, 2021
The old Tucson Citizen building on South Stone Avenue will soon be home to a 10-room, wine-centric boutique hotel, and tasting room.
The Citizen Hotel will be the second boutique hotel for former lawyer turned hotelier Moniqua Lane, who also owns the nearby Downtown Clifton Hotel at 485 S. Stone Ave.
Sand-Reckoner Vineyards, which has a Tucson tasting room at 510 N. Seventh Ave., will move its wine barreling and cellaring operation from its Willcox vineyards to the hotel's 5,000-square-foot basement, where it also will open a tasting room, said owner Sarah Fox Hammelman.
The collaboration between the winery and the hotel was born over a glass or two of wine, recalled Lane. She bought The Citizen Building for $1.45 million in 2018, about a year after Sarah and her husband/partner Rob Hammelman opened the Tucson tasting room in the Warehouse District. The couple initially commuted from Wik ...

Tuesday, January 26, 2021   /   by Adam Donaldson-Moxley

Longtime defense aerospace engineering firm opens Tucson office

Article originally posted on tucson.com on January 24th, 2021
Tucson has gained a new aerospace engineering firm — and a new female-owned small business — as an Alabama firm is setting up shop here to better serve Raytheon Missiles & Defense and other defense industry customers in the West.
Cummings Aerospace is preparing to move into a new office on Tucson’s northeast side where it will focus on its growing defense work. The company plans to hire more than 20 full-time employees over the next 18 months.
Besides Raytheon, Cummings’ customers include other major defense prime contractors like Lockheed Martin, Boeing, and Northrop Grumman, and the company also does contract work directly for the Defense Department.
Click on the link below to see the full article and more information about this new company: Link ...

Monday, January 11, 2021   /   by Adam Donaldson-Moxley

El Charro & Barrio Bread's “Barrio Charro” is now open on Campbell

Article originally posted on tucsonfoodie.com on January 11, 2021
In case you missed it, Barrio Charro quietly opened up its doors on Campbell and Prince offering a new and exciting joint venture of two culinary powerhouses. The two Tucsonans, who have both been nominated for the James Beard Award, have worked together on several projects in the past and announced the creation of Barrio Charro back in September 2020. The new concept is located near the Safeway on Campbell and Prince Road a shopping center that currently houses Ghini’s French Caffe and the Mediterranean restaurant, Med Cuisine.
Click on the link below to see the full article and more in-depth information about these trends: Link
Click on the link below to check out Barrio Charro's website: Link ...

Friday, December 18, 2020   /   by Adam Donaldson-Moxley

3 Trends Driving Hyperactivity in the Real Estate Market

Article originally posted on Realtor Magazine on December 11, 2020
Despite the economic uncertainties continuing to surround the pandemic, one fact has become crystal clear: Americans are ready to buy a new home. Low inventory, bidding wars, and record-low mortgage rates are giving consumers a new sense of FOMO—fear of missing out—and spawning a hot housing market.

1.) Sellers, Builders May Ease Inventory Crunch
Inventory remains constrained as buyer demand surges. Potential sellers who are hesitant to list their home during a pandemic may not be aware of the housing market’s strength, said Danielle Hale, chief economist for realtor.com®. Sellers are often buyers, too, and they may not want to face the challenge of finding a home amid low inventory. These realities have limited the number of homes on the market during the pandemic, panelists said.Why can’t builders construct more housing to meet demand? Labor shortages and escalating prices fo ...