Streamlined real estate development accomplished through diligent management delivering a positive return on capital to increase wealth.
The demand for living at Animas Cliffs Condominiums is high. Since first opening in 2013 the complex has remained 100% lease. Now, ownership seems to be driving demand since the sale of units in 2016 has doubled over last year.
The IMS buildings, developed by ARER, were sold this week by the group of owner physicians who sold the medical office buildings for $141 million, setting a new record for the Phoenix metro area as the highest price paid per square foot.
ARER is pleased to announce a new addition to the Arrowhead Professional Center--West Valley Child Crisis Center (WVCCC)! On August 1, WVCCC will relocate their corporate headquarters to APC. WVCCC's mission is to be proactive in ending the cycle of family violence through education, prevention programs, and safe placement services to promote healthy family environments for the future of children in Arizona.
Mike Ruiz, president of ARER, was featured in the Glendale Republic. ARER has been actively building and supporting the economic growth of aviation in the City of Glendale.
The Phoenix Business Journal announced the top listed developers by volume in the Valley. ARER was named 11th. This was a move up from 14th in the previous year.
Cleared for takeoff. West-MEC Aviation High School trains teens for jobs in the aerospace industry. Young people in the West Valley who have always wanted to work in the aerospace maintenance industry will now have the opportunity with the opening of West-MEC Aviation High School in Glendale.
Today, ARER announced the start of the first phase of the Avondale Integrated Medical Services. When fully built-out the $50 million, three-building medical campus that will total 180,000 square feet. It will cover 14 acres and will provide nearly 1000 parking spaces.
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