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  • CXT Realty Blog

    Friday, December 18, 2020   /   by Adam Donaldson

    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 pri ...

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    Wednesday, December 9, 2020   /   by Adam Donaldson

    How Previous Epidemics Impacted Home Design

    Article originally posted on architecturaldigest.com on March 31, 2020

    Whether you realize it or not, a number of the design features in our homes today originated, or were popularized, because of previous infectious disease outbreaks, like the 1918 flu pandemic, tuberculosis, and dysentery. Below are a couple of our favorites, for the whole list click the link below: Link

    Though household closets have been around in some form for centuries, what we think of as the place where we store our clothes is a more recent innovation. In fact, when visiting (or living in) older American homes or apartments, you’ve probably noticed (and bemoaned) the lack of closet space. That’s because, up until the beginning of the 20th century, most clothing and related items were kept in stand-alone furniture. “It used to be that almost everything was [kept] in armoires,” Lloyd Alter, a former architect and design historian who now teaches sus ...

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    Tuesday, December 8, 2020   /   by Adam Donaldson

    Locale Neighborhood Italian restaurant opening at former Old Pueblo Grille

    Article originally posted on tucson.com on December 4th, 2020
    When the conversations started nearly two years ago, restaurateurs Deborah Tenino and Nick Kreutz wondered how in the heck they would make use of all 8,100 square feet of space in the old farmhouse-turned-restaurant at 60 N. Alvernon Way. And then COVID-19 happened and that big sprawling outdoor patio and the thousands of square feet of dining space that was home to the long-closed Old Pueblo Grille made sense in a way that wasn’t so obvious when they signed the lease in late 2019.

    The Locale Neighborhood Italian's menu borrows from all corners of Italy, presenting regional takes on lasagna and ravioli, including pansotti — swiss-chard-filled ravioli dressed in an earthy walnut sauce — from Liguria. Meatballs on the appetizer menu are dressed in a tart and sweet balsamic glaze with ricotta and charred broccolini, while mushrooms have a starring role alongside leeks in a vegan open-fac ...

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    Friday, December 4, 2020   /   by Adam Donaldson

    Investors buy part of city's tallest building for hotel project

    Article originally posted on tucson.com on December 2nd, 2020

    Plans for a new hotel in downtown Tucson are in the works for the city’s tallest building, One South Church. Phoenix investors 1SC Hotel QOZB LLC, bought five floors of the 23-story tower for a 145-room boutique hotel for $7.5 million.

    The hotel will be on floors 5, 6, 7, 8, and 9. The rest of the tower, named after its address, will remain office space and also be upgraded.

    Click on the link below to see the full article and other recent commercial real estate transactions around town: Link

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    Monday, November 30, 2020   /   by Adam Donaldson

    Crews making headway with major Tucson road projects

    Article originally posted on tucson.com on November 30th, 2020

    Project: Broadway 
    ETA: September 2021
    Improvement: Increase to six lanes, buffered bike lanes, bus pullout outs, and more pedestrian crossings

    Project: Houghton Road
    ETA: Late 2021
    Improvement: Increase from two lanes to six lanes & Houghton Road Bridge

    Project: Oracle Road
    ETA: 2023
    Improvement: Paving, improving/adding sidewalks, adding lighting and drainage improvements

    Project: Ruthrauff
    ETA: Late 2021
    Improvement: a bridge over the union pacific railroad tracks for motorists.

    Click on the link below to see the full article and all of the updates on construction projects: Link

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