Master-Planning Luxury

by Mike Hunter

Straddling the Scottsdale-Paradise Valley border, The Palmeraie project is an important addition to the local economy. It was previously touted as a new Ritz-Carlton hotel and residential development, announced concurrent with Marriott taking over management of what was previously Ritz-Carlton at The Esplanade in Phoenix as The Camby. Now, the exclusive Ritz-Carlton residences … [More]

Maricopa County Scores High for Opportunity Zone Investment Potential

by Mike Hunter

A list of the U.S. counties with the highest opportunity zone investment potential, recently compiled by Commercial Café by Yardi based on information from the U.S. Department of Treasury, includes six counties in Arizona. Maricopa County scored the highest for OZ investment in the state, with 61.6 points; its ranking is sixth nationwide. It is followed by Pinal County, which … [More]

New Multifamily Development Activates Central Corridor

by Mike Hunter

Circa Central Avenue is a new multifamily project, developed as urban infill just south of Phoenix Art Museum and adjacent to the Metro Valley light rail by Hunt Companies, Inc., Tilton Development Company and Ryan Companies US, Inc. The six-story project includes four levels of residential apartments over two levels of parking, as well as five two-story townhomes and two … [More]

Park West Renovation Gains Locally-based Businesses

by Mike Hunter

Commercial Investment Real Estate Equity is putting $4 million into renovating Park West, an outdoor lifestyle shopping center that features more than 30 national and local retailers, restaurants and a 14-screen Harkins Theatre nestled in a boutique shopping environment. Cozy seating areas, shade structures and a splash pad offer a relaxing, family-friendly shopping experience … [More]

New Office Breaks Ground at Perimeter Center

by Mike Hunter

Irgens – Phoenix has broken ground on its second building within the Irgens Perimeter Center project, 17 Three Hundred at Perimeter Center, with completion scheduled for October. The two-story office and healthcare building will contain approximately 47,322 square feet of space.  “The Scottsdale Airpark submarket finished 2018 with a vacancy rate below 10 percent,” says … [More]