New Mark Kia Largest Image Facility in Arizona

by Mike Hunter

Western States General Contracting is nearing completion on the new, stateof- the-art, $13-million Mark Kia on 8.9 acres at the Scottsdale AutoShow at Salt River development. This is the third car dealership in the Scottsdale-based contractor’s automotive project portfolio and is expected to be completed this month. Slated to be the largest image facility in Arizona and the … [More]

Opportunity Zones: Maximizing Potential while Protecting against Risk

by Ryan Donahue

Opportunity Zones and Opportunity Funds create much excitement as powerful new economic development tools for many businesses and investors as well as communities looking to develop (or redevelop) areas that could become economic drivers. They were created specifically to spur economic development through the benefit of capital gain deferment to incentivize an injection of … [More]

Drafting an Entitlement Team

by Adam Baugh

Assembling one’s entitlement team is a lot like drafting an NFL prospect. Given the significant investment and risk of acquiring and entitling property, smart developers should assemble a team of pros that balance a roster and position a project for success. The best property owners and developers prioritize the value of strategic teammates. That includes zoning counsel, … [More]

Favorable Activity in Office Pipeline

by Mike Hunter

The Phoenix office market has already absorbed more than 3.07 million square feet of office space in 2019. According to the Q3 Office Insight report just released by the Phoenix office of JLL, that is a three-quarter absorption rate record for the Valley, topping the last high-water mark of 2.9 million square feet of space absorbed during the first three quarters of … [More]

Infill Parking Field to Site Pad Development

by Mike Hunter

Evergreen Devco, Inc., a leading retail and multifamily development company, has begun construction on a pair of single-tenant retail buildings that will house a Black Rock Coffee Bar and a Wilhelm Automotive on the southeast corner of 35th Avenue and Greenway Road in Phoenix. The two buildings are part of Evergreen’s pad development project of an existing shopping center. … [More]