Construction will begin soon on Dwell: A Work @ Home Community. The development by Holualoa Companies is located at Fifth Street and Farmer Avenue. Units will be priced for people making 80 to 120% of the average median income in the Valley. The Tempe project will be constructed among the existing Farmer Studios buildings in the first in what is envisioned to be a series of … [More]
New Luxury Build-for-Rent Community Planned for Southeast Valley Master Plan
Scottsdale-based developer, Empire Group recently closed on a 27-acre parcel in San Tan for approximately $13.8 million. Plans for the land are now underway for a build-for-rent community called Village at Borgata. Village at Borgata will be situated at the Southwest corner of Hunt Highway and Thompson Road near the foothills of the San Tan mountains. Village at Borgata will … [More]
Peoria-Based Healthcare Real Estate Firm Rebrands
Fresh off the celebration of its fifth anniversary, Wakeman Integrity is now Integrity CRE and its West Valley office continues to grow. Founded in 2017 by Melynn Wakeman, the Company President, Integrity CRE is a woman-owned commercial brokerage firm specializing in healthcare real estate. In addition to its recent rebrand and growth news, Integrity CRE is representing … [More]
CRE Firm Brokers $150M Newly Built Luxury Apartment Building in Scottsdale
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of SeventyOne15 McDowell, a newly built, 274-unit multifamily asset in Scottsdale, Arizona. The property sold for $150 million, or $547,445 per unit. “Phoenix will again record one of the highest rates of in-migration in the country this year and Scottsdale … [More]
Dallas-Based Hotels Group to Acquire Four Seasons Resort Scottsdale
Braemar Hotels & Resorts Inc. announced it has entered into a definitive agreement to acquire the 210-room Four Seasons Resort Scottsdale at Troon North. The acquisition is expected to close in the fourth quarter, subject to certain customary closing conditions. Because the acquisition is subject to certain customary closing conditions, the Company can give no assurance … [More]
37,000-Acre Mixed-Use Master Planned Community in the Phoenix West Valley Breaks Ground
The Howard Hughes Corporation has broken ground on Teravalis, a 37,000-acre mixed-use master planned community in the Phoenix West Valley projected to include 100,000 homes and 55 million square feet of commercial development. Teravalis, previously known as Douglas Ranch, will become Arizona's largest master planned community, addressing the demand for housing in one of the … [More]
$200M Development Planned on 15.5-Acre Site in Phoenix, Includes Luxury Community
Banyan Residential, a Los Angeles-based private real estate investment firm, in partnership with national developer Milhaus, announces the acquisition of a 15.5-acre site in Phoenix, Arizona. The team will develop a two-phased 515-unit apartment community along the Washington Street light rail corridor in an Opportunity Zone. This project marks Banyan’s ninth Opportunity Zone … [More]
FnB Amenities in Multifamily and Senior Living Communities
Community amenities are impacted any time we have a social or cultural change, such as new technology or a shift in health and wellness. The goal of community amenities is to connect residents to the property in a way that feels personal and unique. Properties that do that well will always have an advantage over their competitors. Amenities with staying power feel like a … [More]
Major Expansion Underway at Phoenix-Mesa Gateway Airport
A new 30,000-square-foot terminal is part of a $25 million construction project that has begun at Phoenix-Mesa Gateway Airport, with McCarthy Building Companies as the project’s general contractor. The project, being partially funded by a federal grant from the Bipartisan Infrastructure Law, will provide Gateway Airport with a larger, modern, energy-efficient and ADA-enhanced … [More]
