Headline News Impacts Real Estate 

by Mike Hunter

From state and local budget impasses and halted infrastructure repairs to the debate and delay on healthcare reform, political polarization has far-reaching effects on the economy and nearly every community — as well as its real estate. Global uncertainty has a parallel paralytic effect, from Brexit to immigration bans, which bring new challenges to diplomacy,… [More]

More Shop, Dine, Play 

by Mike Hunter

Fifty-three thousand square feet of shopping, dining and entertainment — alongside luxury residences — is expected to welcome patrons next summer, as development has begun on Chauncey Lane at the corner of Scottsdale Rd. and its namesake lane. “The trend nowadays is to stick closer to home,” says LGE Design Build President and CEO David… [More]

Artist at Work 

by Mike Hunter

The Creative Center of Scottsdale is a co-working space designed especially for artists of all kinds. While equipped with today’s di rigueur technology and community spaces, the 4,000-square-foot facility retains interesting pieces of its former life as Mandall’s Shooting Supplies. Along with the original double-decker safe and the sub-basement safe door are the historic handmade… [More]

Expanding for Adventure

by Mike Hunter

LGE Design Build has begun construction on a new, 12,550-square-foot headquarters for Arizona Outback Adventures, a premier, Scottsdale-based provider of personalized tours and travel services. Construction began Aug. 1 on the new $1.7 million facility, which will take over 16465 N. 93rd Street in Scottsdale upon completion. Currently, the company accommodates more than 15,000 locals… [More]

Multifamily Reflects Booming Phoenix Economy

by Marcus & Millichap

Positive forces converge and are maintaining momentum in the multifamily sector, according to Marcus & Millichap’s Multifamily Research Market Report for second quarter 2017. Vacancy is expected to fall for the eighth consecutive year as economic growth supports continued success in the Phoenix apartment market. Corporate expansions and relocations from large, international companies such as… [More]

Grocery Anchors Multifamily in Tempe

by Mike Hunter

The Local, a new, mixed-use development located on an 80,938-square-foot parcel at the intersection of University Drive and Ash Avenue, broke ground last month. Developed by Denver-based Forum Real Estate Group, The Local will be a unique luxury apartment residence anchored by Whole Foods Market 365 on the ground floor, with three levels of parking… [More]

Major Mixed-Use in Scottsdale

by Mike Hunter

The Block, a 22-acre retail mixed-use center developed by MainSpring Capital and Forum Capital that broke ground recently, is the biggest retail center constructed in Scottsdale in five years. The Block at Pima Center will contain upwards of 70,000 square feet of free-standing pad and retail shop space: four freestanding pad sites for stand-alone users,… [More]

Spec Suites Imagine the Future

by Mike Hunter

As part of the reimagining of the iconic Renaissance Square in Phoenix, Cypress Office Properties, LLC., with funds managed by Oaktree Capital Management, L.P., engaged four of Phoenix’s most widely recognized architecture and design firms to collaboratively design office suites of the future for various industries in what is being called “Project Future.” The four… [More]

Challenges in Repurposing Commercial Projects

by James B. Connor

With the desire by many Arizona residents to experience a more urban lifestyle, the repurposing of commercial buildings and areas has become very popular over the last seven years. As evidenced in Phoenix by the Seventh Street Corridor, Roosevelt Row and ASU’s downtown campus, these projects can thrive, but it is important to note that… [More]

Camelback Luxury

by Mike Hunter

District at Biltmore is the latest luxury apartment community in the Camelback Corridor from Kaplan Management Company and Simpson Housing® LLLP. The four-story luxury mid-rise is conveniently located within walking distance to the Biltmore Fashion Park, and offers 227 elegant one- and two-bedroom apartments. Among its one-of-a-kind amenities are a large fitness center that includes… [More]