School of Business Gazette

Real Estate Club Travels to Phoenix

More than 40 members of the real estate club and real estate faculty members traveled to Phoenix, Ariz. in February to explore the Phoenix real estate market, which has been experiencing fast growth, primarily driven by the influx of California residents. Real Estate alumni in the Phoenix area were generous with their time and resources, putting together a series of presentations.   

Presentations included a visit to a town called Buckeye, 25 miles west of Phoenix that is expected to grow from a population of 35,000 today, to 100,000 within five years.   City planners from both Phoenix and Scottsdale gave perspectives on where they see their towns growing.  Developers active in those markets gave tours and presentations on their projects such as the Scottsdale Waterfront mixed-use project and the Artisan Lofts Project in Phoenix.  Alumni also arranged for a tour of Westgate, a massive mixed-use entertainment complex in Glendale that incorporates the new Arizona Cardinals NFL Stadium and the Phoenix Coyotes NHL Arena with high-end housing, restaurants, hotel, retail, theatre and music venues. Students also heard from Cavan, a real estate development company engaged in projects such as Seven Canyons, a high-end golf/resort community surrounded by the red rock formations of Sedona. The trip was arranged to coincide with the Wisconsin Real Estate Alumni Association’s spring board meeting.