Sarival Logistics Center industrial development in Glendale, Arizona has signed a full-building lease totaling 1,156,860 square feet with Logistics Plus, Inc. (LP), a leading worldwide provider of transportation, logistics, and supply chain solution. The building was constructed on a speculative basis and represents the first phase of a larger development which can accommodate … [More]
Tucson Home Builder to Provide Build-to-Rent Communities in Arizona and Montana
Miramonte Homes, an award-winning leader in residential development headquartered in Tucson, announced the launch of Miramonte Communities, a new company specializing in developing build-to-rent multifamily properties. The company announced its first communities in Arizona and Montana. “As home buyers continue to face challenges, including supply and affordability, the … [More]
Optima Moves Ahead with $1B Sustainable Mixed-Use Development in North Scottsdale
Award-winning real estate development firm, Optima, announced today plans to move ahead with its next Arizona residential development, Optima McDowell Mountain Village, in North Scottsdale after receiving the city’s approval for the $1 billion sustainable mixed-use community. Breaking ground spring/summer 2023, the 22-acre site, located on the southeast corner of Scottsdale … [More]
Liv Communities Breaks Ground on Active Adult Living Community in North Phoenix
Liv Communities, a seasoned provider of luxury apartment homes, recently broke ground on a ground-breaking 55+ age- qualified rental community in the Norterra area in North Phoenix. The upscale community, Liv+ Union Peak, 25400 N. 21st Ave., Phoenix, will boast 145 units and will be ready for occupancy in late summer/early fall of 2024. “Building on our extensive … [More]
356-Unit Apartment Complex Sells for $116M in Gilbert
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Liv Crossroads, a 356-unit multifamily property in Gilbert, Arizona. The $116 million sales price represents $325,843 per unit. “Adhering to the principles of the Liv Communities’ brand, the property offers a unified culture built around a lifestyle that encourages … [More]
CRE Co. Completes $255 Million Sale of Four-Property Seniors Housing Portfolio in the Phoenix
Newmark announces the $255 million sale of a four-property, Class A seniors housing portfolio—LivGenerations—located in Phoenix, Arizona. Newmark represented the seller, regional owner/operator and developer Liv Communities, in the transaction. The LivGenerations portfolio totals 546 units comprising independent living, assisted living and memory care units. … [More]
Iconic Esplanade Campus Announces $45 Million Capital Plan
The ownership of the Esplanade office buildings have announced plans to fully renovate and upgrade the renowned and prestigious four building campus. Located at 2425, 2525, 2575, and 2555 E. Camelback Rd. in the Biltmore area, the $45 million project will add approximately 30,000 square feet of new amenity space and overhaul the existing buildings. Construction is expected to … [More]
Optimizing HVAC Systems – Decarbonize Building Operations, Save on Operating Costs
With current and upcoming carbon footprint reduction requirements aimed at reducing greenhouse gas emissions, now is an excellent time to look at simple ways HVAC systems can contribute to building decarbonization goals while simultaneously lowering energy costs. The Refrigerant-Oil Relationship Before we can discuss solutions to enhancing the sustainability of HVAC systems, … [More]
Phoenix Gains Mixed-Income Housing Development
Soluna Apartments is the first Choice Neighborhoods mixed-income housing development in the Edison-Eastlake Community. Holding its grand opening in October, Soluna features 177 modern, energy-efficient units ranging from one to five bedrooms. The community is designed to provide quality living at an affordable cost, with 80% of units offered as affordable housing and 20% of … [More]
What the Development of Teravalis Means for Buckeye
In the not-so-distant future, the Phoenix West Valley will look dramatically different from how it does today, thanks to Arizona’s largest master-planned community: Teravalis. The Howard Hughes Corporation recently broke ground on the 37,000-acre project of Teravalis, formerly known as Douglas Ranch, located in north Buckeye between the White Tank and Belmont mountain … [More]
