Tempe Is Hot Property for Office Submarket 

by Mike Hunter

According to the Q4 2017 Phoenix Office Market report from JLL, a leading professional services firm that specializes in real estate and investment management, Tempe has enjoyed more than 27 percent of all office absorption since the start of Phoenix’s four-year positive absorption streak, in which the Valley has recorded annual absorption gains totaling 2.0… [More]

Garden Condos in Biltmore

by Mike Hunter

CONTOUR on Campbell is a new condominium project in the heart of The Biltmore. Its first-floor Garden Collection homes feature an expansive private patio of approximately 600 square feet — a very unique feature for new-build condos in Phoenix — that can be designed as an urban garden, an outdoor kitchen and dining area and/or… [More]

Deer Valley Industrial Spec

by Mike Hunter

Dallas-based Jackson-Shaw and Las Vegas-based LaPour Partners Inc. have completed construction of Parc Pinnacle, an A-1-zoned, 311,840-square-foot, three-building speculative industrial development in Deer Valley. Each building features modern, flexible industrial space designed for manufacturing, distribution, assembly and related industrial uses. Situated on 20 acres at the northwest corner of Pinnacle Peak Road and Central Avenue… [More]

West Side Luxury Home Development

by Mike Hunter

Maracay Homes, a wholly owned company of the TRI Pointe Group, closed on 94 premium homesites in Peoria for a total purchase price of $7.56 million. The 80-acre land parcel, located at 77th Avenue and Pinnacle Peak Road, will be developed into a new, single-family-home neighborhood featuring all single-story homes, ranging from approximately 2,990 to… [More]

Rethinking the Office Space: Trends to Adopt in 2018

by Craig Henig

As technology continues to shape the world around us, people in today’s workforce have become more mobile and less tethered to their desks than ever before. Files can be accessed virtually anywhere thanks to cloud storage while cubicles have given way to smart workstations that allow employees to choose how they work. Technological enhancements are… [More]

CBRE’s ‘Workplace360’ Initiative

by Mike Hunter

CBRE’s recently opened state-of-the-art office at The Esplanade in Phoenix is part of the company’s global “Workplace360” initiative, and, at 75,000 square feet, is its largest. Guests, clients and employees enter the space in what’s known as The Heart, where they will be greeted by concierge staff. The high-tech common area features both a media… [More]

Pima Center Flex Full

by Mike Hunter

MainSpring Capital Group, developer of the 232-acre master-planned Pima Center, has fully leased the latest of its flex industrial buildings at the business park. The two-building project is the first industrial project built in the North Scottsdale submarket in nearly 10 years; both buildings were fully leased prior to completion. The two buildings, each containing… [More]

Investor Enters Phoenix Market 

by Mike Hunter

Denver-based Allante Properties, LLC has entered the Phoenix investment market with the $8,750,000 purchase of Apex off 7th Street, a seven-building apartment community at 948 E. Devonshire Ave in the heart of Uptown Phoenix. “This acquisition offered an outstanding opportunity to participate in the renaissance of Uptown Phoenix,” says Bill Hahn, executive vice president of… [More]

Luxury Lofts within Westgate

by Mike Hunter

Leasing began last month for the 76 loft-style luxury apartments within Westgate Entertainment District as owner iStar nears construction completion on the first residential living community located in the heart of the West Valley’s premier entertainment district. Opening February 1, The Lofts at Westgate include one- and two-bedroom residences ranging in size from 646 to… [More]

The Downtown-Midtown Trifecta

by John Bonnell and Brett Abramson

A new wave of office, retail and multifamily activity has arrived in downtown and midtown Phoenix. The combination has created a self-supporting trifecta that is transforming these urban submarkets into true live-work-play environments, and attracting high-quality office tenants in droves. Significant leases from tenants like Quicken Loans, Uber Technologies, Spaces and Integrate Software have helped… [More]