Cawley Architects is the design firm behind a state-of-the-art building that represents an exciting new chapter for the owner, a leading vinyl window and door systems manufacturer and installer in the South and the Southwest. The 303,419 SF facility at 12501 W. Olive Ave., in El Mirage, Arizona, serves as the headquarters, manufacturing facility, and field installation … [More]
Innovation, Talent and Capital Migration to Affordability Is Rapidly Reshaping Global Commercial Real Estate Demand
Throughout the next decade, market specialization, talent migration, sustainability goals and new technologies such as AI will continue to shape the global knowledge economy and high-tech industry ecosystem. The third edition of JLL's Innovation Geographies examines how innovation continues to influence real estate location and portfolio strategies, based on the dynamics of 108 … [More]
Healthcare Investment Trust Completes Acquisition of $85.5 Million Healthcare Portfolio in Arizona and Texas
Sila Realty Trust, Inc., a net lease real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, today announced the acquisition of five Class A healthcare facilities located in Arizona and Texas (the “Portfolio”), for a contract purchase price of $85.5 million. The Portfolio is comprised of four built-to-suit … [More]
Homebuilder Closes on 545 Additional Homesites in Pinal County, Extending Presence in San Tan Valley
Landsea Homes Corporation, a publicly traded residential homebuilder, announced that it has closed on 545 additional homesites at the Wildera master-planned community in Pinal County, Arizona, with JEN Partners as its land banker. “This is a huge step forward for Landsea Homes and we are excited about extending our presence in the San Tan Valley,” said Heather Cammiso, … [More]
Luxury Apartments at The Grove Development at 44th and Camelback Now Leasing
StreetLights Residential’s newest luxury multifamily community in Phoenix hit another project milestone and is now leasing. The Bergen, located in the mixed-use development at The Grove, adds to StreetLights’ growing portfolio of distinctive multifamily developments, and is the design-driven developer’s eighth community in Arizona. “The Bergen offers much more than a home, … [More]
Leading Guitar Manufacturer Joins Highly Anticipated Paradise Valley Mall Redevelopment
RED Development, an industry-leading commercial real estate company known for its high-performing mixed-use and retail portfolio, is adding Fender Musical Instruments Corp. (FMIC), the world's leading guitar manufacturer, to its best-in-class tenant roster at PV, the highly anticipated redevelopment of the former Paradise Valley Mall, in a single-tenant office building set to … [More]
New Affordable Housing Opens to Address Housing Crisis in Phoenix
Rehoboth Place II, a new collection of affordable housing, will be held a grand opening event Tuesday, aiming to address the housing crisis in Phoenix—opening in the Canyon Corridor near 27th Ave. and Camelback, 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 with 66 units, not only provides … [More]
Real Estate Investor Bolsters Portfolio with Warehouse Complex in Chandler Airport Business District
Leading Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, announced the acquisition of Chandler Airport Business Park, a newly finished 318,683-square-foot Class A industrial asset well-located in Chandler. The property consists of four state-of-the-art freestanding warehouse buildings ranging in size from 56,756 square … [More]
Texas Property Co. Expands Portfolio with Chandler Acquisition
Olympus Property announced the acquisition of Alta Chandler at the Park, a prominent residential community situated in Chandler, Arizona. As a premier community, Alta Chandler at the Park offers residents access to luxury living and unparalleled career opportunities. With 291 units, this four-story, mid-rise community represents a significant addition to Olympus Property's … [More]
Vistancia Community Secures 450 Acres, Prepares for Future North Peoria Growth
Northpointe at Vistancia, the 3,450-acre elevated desert living community located within the award-winning Vistancia master planned community, has recently secured over 450 acres in land sales, poising the community for future growth. Houston-based CastleRock Communities, looking to establish a larger position in the burgeoning North Phoenix-market, recently closed on 230 … [More]
Million-Dollar Capital Investment for Senior Living Community Meets Needs of Growing Senior Population
Vista de la Montaña, a Holiday by Atria independent living community, has kicked off a new renovation project for capital upgrades in design and amenities. The upgrades are designed to transform the community’s appearance and function, all geared toward fostering the social connections that help older adults live life to the fullest. The upgrades are expected to be completed … [More]
Build-to-Rent Investor-Developer Reaches Milestone, Focuses on Growth in 2024
TerraLane Communities, a premier investor and developer of rental neighborhoods, and the build-to-rent arm of residential investor-developer IHP Capital Partners, announces the completion of TerraLane at Canyon Trails South, a new premier rental home community in Goodyear. Consisting of 297 modern residences and ample amenities, the community is open and experiencing strong … [More]
New Mixed-Use Development to Become a Jewel in the Happy Valley Corridor
New dining experiences, much-needed housing and a neighborhood church: These are the elements of a community gathering place for northwest Valley residents that has been seven years in the making. This morning, Peoria officials joined the Pederson Group and community and business leaders in turning the first shovels of dirt on The Trailhead, a 903,000-square-foot, mixed-use … [More]
Family-Owned Bjerk Builder Acquired by Local Investors
Bjerk Builders, a full-service commercial construction company that began building in the Valley for nearly 40 years, has been purchased by a group of investors led by Nate Lowrie, who hails from a multi-generational Arizona family. Lowrie will become CEO of Bjerk Builders, which has completed over $750 million in projects since it was founded in 1986. The terms of the … [More]
Builder Debuts Season 2 of Multifamily Podcast
Mark-Taylor Companies, a leading luxury multifamily developer, owner, manager and consultant in Arizona and Nevada, is proud to announce Season 2 of the Multifamily Forward podcast. As the economic landscape continues to evolve, Multifamily Forward discusses expert insights and strategies essential for navigating today's dynamic multifamily and real estate market. Presented by … [More]
Premier Rental Development Begins Leasing in North Phoenix
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Amavi Aster Ridge, a single-family build-to-rent community that closely borders the thriving Anthem neighborhood of North Phoenix. Amavi Aster Ridge offers a mix of 177 two- and three-bedroom townhomes … [More]
Design Projects: Fit to Execute?
One rarely discussed aspect of interior design that is actually incredibly common is being hired to pick up where other design teams have left off. It’s so common, in fact, that our firm has created a specific service distinction for the offering: SOS Services. From property positioning to design, floor plan rework to drawing completion, budget review to engineering value, … [More]