Free Workplace-Design Tool

by Mike Hunter

CBRE Group, Inc. has created workplace planning product to help companies apply best-in-class workplace trends to their office layout, recognizing businesses’ increased interest in applying workplace strategy to their real estate process. The first of its kind in the industry and available to companies of any size, Spacer delivers a custom, architect-ready space program with… [More]

Age-in-Place 

by Mike Hunter

In partnership with Cadence Senior Living, Ryan Companies US, Inc. is designing, developing and building Azure Mesa, an upscale senior living community with an “age-in-place” model that will accommodate a total of 170 private pay, market-rate units. Construction on the 183,000-square foot project is now underway and expected to be complete in Summer 2019. HFF… [More]

Developer Expands into AZ

by Mike Hunter

Landsea Homes enters the Arizona market with the purchase of land in Chandler for a community that will include 78 single-family homesites and resort-style amenities. Land development is expected to begin in fall 2018, and the first closings are expected in late 2019. “Chandler’s low unemployment, steady job growth and premier school district have made… [More]

Repurposing Prestigious Home Sites

by Mike Hunter

Custom homebuilder Green Street Communities has broken ground on two residential neighborhoods in Arcadia and Central Phoenix.  Campus Grove, located in the Arcadia area, will offer four different floorplans for its 13 lots. The one- and two-story homes will range between 1,879 and 2,850 square feet.  Acacia Court, northwest of 7th and Northern avenues, is in… [More]

The Opportunity Zone Program (Part 1)

by Marc L. Schultz

Buried in the recently enacted Tax Cuts and Jobs Act was the creation of the Opportunity Zone Program. This new federal income tax incentive program is designed to encourage private capital investment in Opportunity Zones — designated distressed communities throughout the United States (including possessions of the United States). Specifically, the Opportunity Zone Program seeks… [More]

Phoenix Retail Starts the Year Strong

by Mike Hunter

Based on newly released Q1 data, Colliers International Group predicts the Greater Phoenix retail market is expected to thrive during 2018. Retail expansion is forecast to continue as population grows and the local housing market improves. Permitting activity for new homes has increased, which will support retailers. As shopping centers experience higher demand, rents will… [More]

Phoenix Industrial Market 

by Mike Hunter

Lee & Associates Arizona reports the Phoenix industrial market continues its positive momentum after a record year in 2017, with 1,359,837 square feet of positive absorption in Q1 2018.  Vacancy dropped to 7.5 percent from 7.8.  A total of 13 buildings were delivered in Q1 2018, totaling 917,028 square feet.  Who is buying industrial in… [More]

Scottsdale Galleria Targeted for Major Back-Office

by Mike Hunter

Expertise in high-performing back-office product has earned the Phoenix office of JLL the exclusive listing assignment for the Concourse Level of the Scottsdale Galleria – a 140,000-square-foot space offering triple redundancy and the Class A amenities to attract major, power-dependent back-office tenants to the heart of Old Town Scottsdale. The JLL assignment from Stockade Capital Partners is… [More]

Own Homes for Adults with Special Needs 

by Mike Hunter

Millions of families across America have a loved one with special needs and have struggled with finding appropriate permanent housing. Luna Azul, a new development of 30 homes in North Phoenix, addresses that problem. Developed by Mark Roth and located at 16th St. and Loop 101, the development is the nation’s first for-sale residential community… [More]

Three-Car Garages an Option 

by Mike Hunter

Camelot Homes, a third-generation homebuilder in Scottsdale, launched a three-car garage option for attached single-family luxury homes at Adero Villas in Fountain Hills. Noting the option is rare for attached homes in the Valley, Cammie Hancock Beckert, managing director of Camelot Homes, says, “Buyers in the area are looking for convenience and extra space in… [More]