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]

Balance Neighborhood Concerns with New or Re-Development 

by Adam Baugh

An army of red shirts, slogan pin buttons, protest signs and opposition websites. These efforts describe the recent increase in opposition to infill redevelopment, rezoning and community planning.  Neighborhood outreach and citizen involvement is a bedrock principle in the development process. By ordinance, local jurisdictions require developers to notify and meet with neighbors for a… [More]

Value-Add Opp in Mesa

by Mike Hunter

MIG Real Estate, a Newport Beach-based real estate investment company, acquired Trails at Harris Apartments, a 209-unit multifamily property in Mesa. The property aligns with MIG’s philosophy, which is centered on improving the quality and performance of its properties to achieve optimum value. Trails at Harris Apartments will undergo significant enhancements as MIG Real Estate… [More]

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]