Groundbreaking at Papago Park Center

by Mike Hunter

With demand for Tempe office space at an all-time high, Lincoln Property Company has broken ground on the second Class A office building at The Grand at Papago Park Center. Totaling 352,000 square feet, The Grand Building Two is one of Arizona’s largest-ever office buildings to break ground as a purely speculative endeavor. It is scheduled for… [More]

Medical Users Find Space in Gilbert

by Mike Hunter

Kentucky-based Springstone, a leading provider of behavioral health services throughout the U.S., will develop its second Arizona behavioral health facility on 6.59 acres it recently purchased in Gilbert, near the Mercy Gilbert Medical Center. “We have experienced a high volume of activity around the area for medical users looking for space,” says Philip Wurth, executive… [More]

2018 Self-Storage Investment Forecast

by John Chang

Nationally, the self-storage industry is entering a period of maturity as supply-side pressure begins to impact fundamentals. Underlying demand for storage space remains strong; however, aggressive development activity over the past two years is starting to overtake absorption. Moving forward, nationwide vacancy and rent growth may soften amid greater competition, particularly in construction-heavy metros. The… [More]

White Horse Accents the Outdoors

by Mike Hunter

Camelot Homes, a third-generation homebuilder in Scottsdale, has opened three models for White Horse, an iconic new, gated community of 50 half-acre lots representing the pinnacle of Camelot’s 45-plus years of experience in luxury homes. The light, bright and modern homes reflect a true paradigm shift in new home design with more outdoor space, options… [More]

Downtown Tempe Gains Lifestyle Hotel

by Mike Hunter

The Westin Tempe, being developed by Las Vegas-based CAI Investments, has broken ground in the heart of Downtown Tempe. Eighteen stories, with 290 rooms, the multi-million-dollar hotel is planned to feature state-of-the-art guest rooms and corridors, with custom-designed elements and artwork, as well as energy conservation practices. Its more than 14,000 square feet of convention… [More]

Major National Tenant Space for SW Phoenix

by Mike Hunter

With demand for premier, modern industrial space continuing to rise, the Southwest division of Graycor Construction Company has completed 710,000 square feet of shell and tenant improvement space for Prologis Inc., a global leader in logistics real estate. The new space, located within Prologis Riverside Distribution Center and Prologis Park Riverside, paves the way for three… [More]

Phoenix a Top Industrial Market

by Pete Quinn

In the “Top 10 Emerging U.S. Industrial Markets Report” released last month, Colliers International features metropolitan Phoenix as a market to watch in 2018. Noting a robust tenant demand fueling new development, Bob Mulhern, senior managing director for Greater Phoenix, says, “With vacancy at a 10-year low, spec and build-to-suit projects continue to work their… [More]

Spec Tech Taken 

by Mike Hunter

Mobile food-ordering company GrubHub, Inc. has leased a 29,526-square-foot spec suite within ViaWest Group’s San Tan Tech Center in Chandler. “Our team had a ton of fun designing and building this cool-creative office space and we’re excited to see it being utilized by such a fitting tech-centric tenant,” says Danny Swancey, a partner at ViaWest.… [More]

Multi-Tenant ‘High Rise’ 

by Mike Hunter

Construction is moving quickly at the new Offices at Chandler Viridian, located at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center. The six-story, 250,000-square-foot project will be one of Chandler’s tallest and premier multi-tenant office buildings. Substantial completion is expected in Q4 2018, with the first tenants expected to move in by November. The building offers… [More]

AZ’s First All-Vegan Grocery

by Mike Hunter

The first all-vegan grocery store in Arizona is among recent retail deals closed by Bryant Commercial Real Estate, a woman/minority-owned company. “This is the beginning of a changing retail landscape,” says Vinny Summo, who negotiated the lease on the 1,400-square-foot storefront for Veggie Rebellion owners Sandy and Dylan McKee. “The vegan food industry grew by… [More]