Mosaic, the nation’s leading institutional-grade general contractor, is nearing completion of the first homes at Town Germann, a 209-unit community by Family Development, a California-based build-to-rent developer. Family Development has begun pre-leasing the first of the luxury townhomes for imminent occupancy, beginning in the spring of 2023. Family Development and Mosaic … [More]
New Luxury Detached Rental Homes and Townhomes Open in North Phoenix
Mark-Taylor Residential, Arizona’s leading Investment Manager of luxury multifamily communities, proudly welcomes BB Living at Union Park into its esteemed management portfolio. In partnership with developer, BB Living, these brand-new spacious homes for rent in Phoenix, Ariz., combine the best of convenience and style. In the highly sought-after North Phoenix neighborhood … [More]
Building for World’s Largest Digital Corrugated Packaging Printer is Completed in Phoenix
Phoenix-based Stevens-Leinweber Construction (SLC) has completed the custom build-out of 160,000 square feet at Phoenix Logistics Center (PLC) Two, designed to meet the manufacturing and distribution needs of new tenant Georgia-Pacific LLC and its HP PageWide T1190 Press, the world’s largest high-volume digital pre-print solution for corrugated packing. The new press was … [More]
Phoenix Boasts 3rd Highest Amount of Available Vacant Land Among Major U.S. Cities, Says Survey
The newest study published by CommercialCafe analyzes how much vacant land is available in 20 of the most populous urban centers in the U.S while also highlighting the construction activity in each area. For this, the team estimated undeveloped land sizes using the most recent data made available by Property Shark and online government records, and identified local … [More]
Industrial Buildings, Totaling 216,322 SF, in Southeast Phoenix Sell for $40.15M
ViaWest Group and their institutional Joint Venture Partners sold Chandler Crossroads I & II, a Class A industrial project totaling 216,322 sf in Chandler (Phoenix), Arizona. Developed in 2016 and 2022, respectively, the Southeast Valley portfolio consists of two buildings located at 2800 & 2900 S. Gilbert Rd. At time of escrow, the project was 78% leased, but the … [More]
Homebuilder Announces Launch of Arizona Home Building Division With the Opening of New Communities
Brookfield Residential, an international land developer with more than 65 years of home building experience is proud to announce the launch of its Arizona home building business with the opening of two new neighborhoods at Alamar in Avondale. Nestled in the foothills of the Sierra Estrella Mountains is Alamar, a Brookfield Residential master-planned community spanning across … [More]
San Francisco Multifamily Investor Acquires Community in Phoenix
San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 296-unit Springs at Deer Valley apartment community in Phoenix. The purchase marks the firm's seventh property in their current portfolio in the state of Arizona. The community will be rebranded as the Ironwood at Happy Valley apartments. The property was marketed by Walker & Dunlop's investment … [More]
Phoenix Market Can Expect Strong Hotel Growth, Says Report
CBRE is raising its forecast for hotel performance in the Phoenix metro and nationally on the heels of industry gains in Q4 2022 and the expectation of slightly positive GDP growth in 2023 according to the CBRE Hotels report. In Phoenix, revenue per available room (RevPAR) in 2023 is expected to increase to $122.30, up 8.5% year-over-year and an increase of $2.45 from its … [More]
New Owner Formally Submits Plans to Transform the Smoke Tree Property into Boutique Hotel
After much public outreach, Scottsdale-based Walton Global, a real estate investment and land asset management company with US$3.4 billion under management, has submitted an application with the Town of Paradise Valley to redevelop the old Smoke Tree Resort near Scottsdale Road and Lincoln Drive in Paradise Valley. The development team was sensitive to the needs and concerns … [More]
4,150 Acre Land Site in Florence Sells, Planned for 12,000 Homes and Commercial Space
GTIS Partners, a global real estate investment firm managing $4.3 billion in gross assets with a U.S. focus on residential and industrial/logistics investments, announced the sale of 4,150 acres at Merrill Ranch to El Dorado Holdings. Merrill Ranch is located in Florence, AZ, in close proximity to the Phoenix's Southeast Valley, about 20 miles southeast of … [More]
