Willmeng Construction broke ground on a state-of-the-art self storage facility in Peoria. Garrett Development Corp is the developer of this new facility. The property is located in a county island within the City of Peoria borders. It sits along the east side of Lake Pleasant Parkway, a main arterial road in Peoria. “We’re very excited to start this project, which is our … [More]
$2.2B Acquisition to Expand National Investor’s Footprint in Phoenix
Starwood Property Trust, Inc. announced that the Company has entered into a definitive agreement to acquire Fundamental Income Properties, LLC, a fully integrated net lease real estate operating platform and owned portfolio, for approximately $2.2 billion. Fundamental, currently owned by Brookfield Asset Management, operates a vertically integrated net lease … [More]
Glendale Build-to-Rent Project Fully Capitalized with $43M in Funding
Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced that its offering, Capital Square Glendale BFR, LLC, has been fully capitalized. The Regulation D private placement, consisting of a 320-unit build-for-rent community in Glendale, Arizona, raised over $43 million in … [More]
Legacy Valley Contractor Rebrands Following Strategic Restructuring
Agate Construction, a well-established general contracting firm based in Arizona for over 50 years, is rebranding as Primak Construction Group following a strategic restructuring between longtime business partners Rick Nichols and Lou Primak. The decision to rebrand comes as part of a “spin-off” agreement, with Primak assuming full ownership of the construction business … [More]
West Valley BTR Community 60% Leased as Construction Wraps
Curve Development announced the completion of construction at Cyrene at Skyline, a premier 102-home build-for-rent community in the heart of Waddell, Arizona. Opening December 2024, the community has already achieved over 60% lease-up, exceeding expectations and reinforcing the demand for high-quality rental housing in the West Valley. "At Curve, we don't see the West Valley … [More]
$144M Recapitalization Completed across Three Phoenix Build-to-Rent Communities
Empire Group of Companies, a leading Arizona-based real estate investment and development firm, has successfully recapitalized three of its single-family build-to-rent communities across the Phoenix metropolitan area. The company closed bridge loans totaling over $144 million with Arbor Realty Trust, Inc., retiring the construction debt and the entirety of the $21 million of … [More]
Developer Announces 360,000-SF Office Project in Scottsdale
Phoenix-based developer George Oliver, in partnership with Ascentris, has launched plans for Arbor Old Town, a new luxury office redevelopment in the heart of Old Town Scottsdale. Spanning more than 360,000 square feet across three buildings and six acres at the prominent corner of Scottsdale and Indian School roads, the project will introduce the district’s first … [More]
Construction Starts on Scottsdale 433-Unit Luxury Community
Legacy Partners, a privately held national real estate firm, together with joint venture partner DWS, a leading global asset manager, announced the start of construction on Olea Scottsdale, a 433-residence apartment community in Scottsdale, Arizona. The project is located north of Loop 101 and east of Scottsdale Road, at the northwest corner of Legacy Boulevard and Miller … [More]
National Contracting Co. Celebrates Arizona Expansion
W.W. Clyde & Company widens its footprint in the Arizona market with the opening of a new 38,000-square-foot office in Apache Junction. To celebrate this growth milestone, community and industry partners were invited to a ribbon cutting ceremony and open house held at the new location. “This new location allows us to better serve more customers and hire talented people in … [More]
Addressing Growth’s Power Supply Challenges with BESS and Microgrids
Data center development options showcase critical energy infrastructure
Stand Alone Battery Storage Facility or BESS facility Reliable power supply is fundamental to society, driving everything from daily household activities to complex industrial operations. However, the existing utility power infrastructure is increasingly challenged by rising demand, aging systems and the pressures of integrating new technologies. This has led to … [More]
Class-A Industrial Completed Adjacent to the Scottsdale Airport
LGE Design Build, an award-winning integrated design-build firm, recently completed construction on Thunderbird Commerce Park, a 243,360-square-foot Class-A industrial building in Scottsdale Airpark developed by Creation. Blending a refined industrial aesthetic with operational flexibility, the project is situated on an 18-acre parcel east of the southeast corner of … [More]
New Build-to-Rent to Serve Housing Need in Scottsdale
Build-to-rent communities Corsica Villas at 20th St. and Corsica Villas at Euclid Ave. are being developed concurrently. These represent the first in Arizona for Rockefeller Group, the U.S. real estate developer, owner and operator. With Mosaic as general contractor, vertical construction recently began on the 152 one- and two-bedroom townhomes that will be delivered in the … [More]
The Switchyard: Major Multi-Use Development for Queen Creek
Leading real estate developer Creation, in partnership with Horizon Real Estate Ltd., broke ground recently on The Switchyard, a $120-million mixed-use project poised to become Queen Creek’s first walkable, design-driven district, uniting sought-after restaurants, retail, offices and future residential. Tenant interest is strong, with three restaurants announced (Snooze, an … [More]
Skyline Ranch Marketplace: Major Retail Coming to San Tan Valley
SRS Real Estate Partners recently completed the $10-million sale of a 31-acre commercial land parcel at the northeast corner of Hunt Highway and Gary Road in San Tan Valley, Arizona. The transaction marks a significant milestone in the commercial expansion of the rapidly growing southeast Phoenix submarket. The property was sold by WinCo Foods, which originally acquired the … [More]
Developer Brings Fourth Project to Peoria, Expands Luxury Brand
Part of the Mark-Taylor Residential portfolio, Alexan Park West, owned by Trammell Crow Residential, offers a luxury community in the heart of Peoria, Ariz. that blends modern living with comfort and ease. This addition strengthens Mark-Taylor’s presence in the West Valley and emphasizes their commitment to delivering thoughtfully designed spaces that enhance residents' … [More]
Real Estate Group Acquires Scottsdale Quarter, Plans $100M Renovation
FalconEye Ventures announced it has acquired Scottsdale Quarter, the premier 755,000-square-foot open-air mixed-use destination encompassing retail, dining, and office components, complemented by nearly 600 residential units. FalconEye Ventures is a real estate investment company founded by tech entrepreneur George Kurtz in 2020. The company also announced today that … [More]
Developer Acquires 22 Acres in East Valley for Amenity-Rich Rental Community
TerraLane Communities, a premier developer and operator of high-quality rental neighborhoods and the build-for-rent platform of residential investment firm IHP Capital Partners, has acquired 22 acres in Queen Creek, Arizona for the development of TerraLane at Hudson Station. The new rental community will include 218 homes featuring single-level and two-story townhomes, along … [More]
New Concepts & Key Expansion at Historic Phoenix Retail Landmark
RED Development revealed a curated mix of concepts coming to Biltmore Fashion Park, including the Arizona debut of design leader Herman Miller, high-end athletic apparel brand Alo Yoga, cult-favorite La La Land Kind Café and a significant expansion for lululemon. Herman Miller will open a 2,060-square-foot showroom next to Ralph Lauren, bringing its globally celebrated … [More]
