Newmark announces it has completed the sale of Shops A and Pad C at Gilbert Crossroads in a newly constructed retail center, spanning 9,062 square feet and 5,498 square feet, respectively. Newmark Senior Managing Directors Steve Julius and Jesse Goldsmith and Director Chase Dorsett represented the seller, Las Vegas-based developer Remington Nevada, and sourced the buyer in … [More]
Luxury Condos Expand with Final Phase in North Phoenix
The Luxe at Desert Ridge, a premier luxury condominium development situated beside the JW Marriott Desert Ridge Resort, will soon commence its Phase 4 construction. Slated to begin this summer, this expansion will introduce 87 new condominium homes across two buildings and an additional resort-style pool to its already impressive array of amenities. Since welcoming its first … [More]
High-End Retail Center Sells, Brings Hawaii-Based Seven Brothers Burgers
Phoenix-based retail brokerage specialist Western Retail Advisors has completed the $11.1 million sale of 83 Marketplace. The newly built, Class A retail center was developed by Scottsdale-based Cavan Companies. It spans three buildings at the prominent corner of 83rd Avenue and Happy Valley Road in Peoria, Arizona. The property buyer is a franchisee of Hawaii-based Seven … [More]
Industrial Report: Third Highest Phoenix Q1 Leasing Activity on Record
Leasing hits 6.3 million s.f. for the quarter, with more demand and absorption on the horizon
The Phoenix Office of JLL has released its Q1 2024 Phoenix Industrial Report, noting 6.3 million square feet of new leasing activity – a 60% spike from the previous quarter marking Phoenix’s third-highest Q1 leasing performance on record. According to the Q1 report, activity was boosted by an uptick in demand for big box warehouses “The first quarter of the year was … [More]
655 New Energy-Efficient Homes Go on the Market
Meritage Homes, the fifth-largest public homebuilder in the U.S., has opened two new communities, Abel Ranch and Bella Vista Trails, in the greater Phoenix area. Abel Ranch in Goodyear is conveniently located near the I-10 and Loop 303, providing easy access around the valley. Residents will enjoy nearby dining and entertainment at the Pebble Creek Golf Course. Located in San … [More]
Construction Begins on Major Street Infrastructure of Goodyear’s New Downtown
RED Development and Scottsdale-based Globe Corp. announced a construction milestone at GSQ with the groundbreaking of Goodyear Way, the major street infrastructure connecting Goodyear Civic Square at GSQ to the 150-acre mixed-use development poised to become the city’s new downtown. A joint venture between RED Development and Globe Corp., GSQ is set to transform Goodyear … [More]
Commercial Developer Gets Green Light to Move Ahead with Tempe Industrial Center
Nexus Commerce Center to Fulfill I-10 Industrial Corridor Demand
Creation, one of Arizona’s most prominent commercial real estate developers, has been given the green light to move ahead with construction on a three-building, 16-acre industrial park in Tempe, marking the company’s first industrial undertaking within the city. Nexus Commerce Center is a three-building, 274,000-square-foot development located on the southeast corner of … [More]
Investment Partnership Acquires The Scottsdale Plaza Resort & Villas
37.4-acre resort in Paradise Valley includes 404 hotel rooms and suites
A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Investments, announced the acquisition of The Scottsdale Plaza Resort & Villas, located in Paradise Valley, Arizona. The Scottsdale Plaza Resort & Villas features 404 rooms spread across the central hotel and surrounding villa … [More]
Coyotes Announce Commitment to Build Privately Funded Arena & Entertainment District
Following the release of a public land auction notice from the Arizona State Land Department for 110 acres of state-owned land at the Northwest corner of Scottsdale Road and the Loop 101 in the City of Phoenix, the Arizona Coyotes announced their commitment to win the auction and develop the land into an unrivaled sports, lifestyle and entertainment district without taxpayer … [More]
Howard Hughes Names First Four Homebuilders for New Community in Phoenix’s West Valley
Howard Hughes Holdings Inc. announced the first four homebuilders for the launch of Teravalis™, the company’s new 37,000-acre community in the Phoenix West Valley. Lennar, Brightland Homes, KB Home, and Courtland Communities will build the initial homes in Floreo, the first village being developed in Teravalis, that is expected to deliver the community’s first 5,000 homes to … [More]
What’s In and What’s Out: Workplace Trends for a Changing Workforce
Hybrid is here to stay. As more companies relocate to the Phoenix metro area, focus will be less on how many people come into the office and more on how the office can support individual needs. To evolve with changing demands and earn people’s commutes, the workplace will undergo several other key shifts: from one-size-fits-all to curated destinations; from static office … [More]
Managing Common Plumbing Issues within Commercial Buildings
Commercial buildings are active areas where numerous people rely on efficient plumbing systems for daily operations, from washing hands to using the bathroom. However, like any complex system, the plumbing in the building is susceptible to many issues that can disrupt workflow. According to OSHA regulations, all workers must be allowed access to potable water — so, if the … [More]
Expanding Boundaries into the West Valley
All eyes are on the West Valley and for good reason. Communities like Surprise, Glendale and Buckeye continue to attract development and media buzz. From talk of smart cities to bringing more industry to the area, growth continues to climb. In fact, in January of this year global real estate firm Newmark Group Inc. ranked Phoenix No. 1 in the nation for manufacturing growth. … [More]
Build-for-Rent Community Opens in Goodyear
TerraLane Communities, a premier investor and developer of rental neighborhoods, and the build-to-rent arm of residential investor-developer IHP Capital Partners, has completed construction of TerraLane at Canyon Trails South, a new premier rental home community in Goodyear consisting of 297 modern residences and ample amenities. Floorplans are designed to appeal to young … [More]
New Affordable Housing Opens in Phoenix
Rehoboth Place II, built by Gorman & Company in partnership with the Rehoboth Community Development Corporation, is a new collection of affordable housing that recently opened in the Canyon Corridor near 27th Avenue and Camelback Road — one of the most multicultural diverse areas in the Valley. Rehoboth Phase I with 47 units, which opened 13 years ago, and now Phase II … [More]
First Building Topped Off at North Scottsdale Luxury Condo Development
Portico, the luxury condominium community from award-winning Belgravia Group in the Loop 101 and Scottsdale Road corridor, has topped off the first building in its nine-building development. Initial move-ins are set to occur in late summer 2024; Portico is estimated to be completed in spring 2025. The community is a key piece in DMB’s One Scottsdale masterplan development, … [More]
New Signature Restaurant Announced at The Ritz-Carlton in Paradise Valley
One of the World’s Most Acclaimed Chinese Restaurant Brands is Coming to Arizona
The Ritz-Carlton Paradise Valley, The Palmeraie revealed the signature restaurant at the highly anticipated resort will be Mott 32, making it the first location of the globally revered Chinese restaurant brand in Arizona, which is slated to open alongside the resort. Renowned for its innovative approach to traditional Chinese cuisine and exquisite dining experiences, … [More]
Costco-Anchored Retail Center Breaks Ground in the Bustling West Valley
Sunbelt Investment Holdings, Inc. broke ground on Buckeye Commons, a much-anticipated, Costco-anchored retail center in the bustling West Valley. With freeway frontage that sees nearly 200,000 cars daily, the center will include over 410,000 square feet of retail space at the southeast intersection of I-10 and Verrado Way, a rapidly developing area in the United States’ … [More]
