U.S. apartments shrunk in size the past decade, hitting a new low of 887 square feet, on average. According to the latest RentCafe report — in which we looked at changes in apartment size in the 100 largest U.S. cities — new units will keep getting smaller and smaller. Shrinkflation hasn’t reached rentals in Phoenix metro yet. In fact, apartments here got larger in the last … [More]
New Innovation Workforce Center in Chandler Is Home for Training of Construction Trades for Area Builder
McCarthy Building Companies Inc. unveiled its new multifunctional Innovation and Craft Workforce Center (ICWC) with a ribbon-cutting ceremony. The facility serves as home to the firm’s craft workforce training, providing career development opportunities for those in the trades and the next generation of craft workers. The 40,000-square-foot, two-story facility, located at … [More]
All Mixed Up: How Mixed-Use Development Is Transforming Commercial Real Estate
“The world has changed and so has the world of development,” says Charley Freericks, senior vice president of Catellus Development Corporation. “Three years of living with COVID-19 has created new economic pressures, social inequities and a greater need for connection. People are looking for convenience. They want to work closer to home and live in a place with easy access to … [More]
Christine Mackay, City of Phoenix
Mix and Match
They have it all. The most exciting developments in Phoenix combine retail, restaurants and residential … and office, hotel, education, entertainment and community space — or at least several of these on the same parcel of land. And if you think these are all high-density vertical towers in the urban centers of our Valley … think again. Like the Phoenix that rose out of the … [More]
Feedback: March 2023
What are you finding most important in attracting people to multifamily projects, and is this different for different areas of the Valley? John Kobierowski President & CEO ABI Multifamily Sector: Real Estate When it comes to attracting multifamily investors, strong rents and high occupancy rates are the top factors. In the Phoenix market, occupancy rates have … [More]
Casa Grande Is Hot for Industrial Growth
Dale Cavan, a Phoenix-based developer, has purchased a 24-acre parcel in Casa Grande at the southeast corner of Thornton Road and Ash Avenue, with plans to build a new commerce park. The Casa Grande Commerce Park will feature a series of speculative buildings under 70,000 square feet to accommodate industrial needs in the area. Kirk McCarville, CCIM, and Trey Davis with … [More]
Gilbert Industrial Project Demonstrates Leasing Strength of Southeast Valley
On behalf of developers GID and SunCap Property Group, Graycor Construction Company has completed construction on Gilbert Spectrum Buildings 9, 10 and 11, three brand new Class A buildings within the 64-acre Gilbert Spectrum industrial park, located at McQueen and Elliot roads in Gilbert, Arizona. Being leased by Ken McQueen and Chris McClurg of Lee & Associates … [More]
Five Things to Look for when Hiring an Interior Designer
We are all taking strategic steps to prepare to navigate yet another unsure market. Selecting the right team for a project is one of the most important steps to make. For a successful project, here are five things to look for when hiring an interior designer. Efficiency and Flexibility First is to make sure to have a team where efficiency and flexibility are highly valued. … [More]
Central Phoenix Multifamily Is Arizona’s First Iconic Libeskind-Designed Building
InveStellar Corporation, a Phoenix-based urban development and advisory firm specializing in providing long-term value through iconic mixed-use, residential and hospitality projects, plans to develop Rainbow Road, a 36-unit architecturally significant apartment community situated on 13,500 square feet located near Roosevelt Row in central Phoenix. This boutique multifamily … [More]
Expanded Rinchem Campus Provides High-Demand Chemical Services to Semiconductor, Other Growth Sectors
Graycor Construction Company has initiated construction on a new, 123,516-square-foot flex industrial facility in Surprise, Arizona, for Rinchem Company LLC, the world’s largest network of chemical and gas distribution centers. The new facility will be Rinchem’s third in metro Phoenix and part of a global Rinchem supply chain that safely handles more than 4 billion pounds of … [More]
