Phoenix-based Stevens-Leinweber Construction has delivered Empire 101, a brand new Class A industrial building offering Loop 101 freeway frontage, just 12 minutes from the growing Taiwan Semiconductor Manufacturing Company’s (TSMC) Arizona FAB campus. Located at 8850 W. Sweetwater Ave. in Peoria, Arizona, Empire 101 offers immediate freeway access via the North Cactus Road … [More]
Phoenix Ranks among the Top 20 North American Tech Markets in CBRE’s Annual ‘Scoring Tech Talent’ Report
Phoenix ranks #19 overall in CBRE’s 2024 Scoring Tech Talent report, as tech talent hiring in North America slowed despite strong growth in artificial-intelligence specialties, according to a new report from CBRE. Phoenix’s tech talent workforce of 108,380 grew by 17.2% between 2018 and 2023. Computer and information systems managers across all industries grew by 87.6% over … [More]
Park Central Hotels Nearing Completion and Preparing to Host New Hospitality Workforce Training Initiative
As two brand-new hotels at Park Central near completion, the hotel’s development and operating team is readying to launch an innovative new workforce training program on site. Grand Canyon University (GCU); the City of Phoenix; the developers of Park Central, Plaza Companies, Holualoa Companies; and hotel operator Fayth Hospitality are joining together to initiate the Park … [More]
Contractor Breaks Ground on Cutting-Edge Data Center in Mesa
Haydon, a leading full-service general contractor with over 30 years of experience in the Southwest, officially broke ground on a highly-advanced data center for Edged Energy, a fast-growing sustainable infrastructure provider. This project will support the East Valley’s growing digital economy’s needs by delivering 36 MW of heavy critical load capacity (the amount of power … [More]
The Evolution of Co-Working
One of the challenges in commercial real estate is to connect the spaces we create to the end user in a way that improves their quality of life. If we do that well, not only do we foster community, but that also means a healthy bottom line for the client and spaces with longevity. One of the concepts that aids in this goal is establishing an effective third place. It is … [More]
Converting Offices and Hotels into Multifamily Housing Is One Answer to the Valley’s Housing Crisis
As demand for housing alternatives continues to grow, Caliber is applying its expertise in multifamily development in creative ways to provide new solutions across the Valley. This spring, the firm completed funding for the first phase of our SP10 project, the conversion of a 160-room hotel into 104 apartment units with Class A amenities in the Ahwatukee Foothills of South … [More]
Mixed-Use Development Breaks Ground in Gilbert
Okland Capital and San Tan Development Group recently broke ground on phase one of Northside at SanTan Village, a brand-new mixed-use development that will bring high-end retail, restaurant and hotel amenities to the SanTan Village submarket in Gilbert, Arizona. Located on the east side of Santan Village Parkway between Williams Field and Ray roads, Northside phase one … [More]
New Hangars Planned for Falcon Field Airport
Agate Construction, a leading construction company specializing in innovative projects across various commercial and industrial industries, has announced plans to construct four new aircraft hangar buildings on 4.13 acres of Falcon Field Airport property. Representing Agate Construction’s eighth construction project in partnership with DKS Properties LLC’s ownership, the … [More]
Uniquely Divisible Industrial in Phoenix-Goodyear Airport Area
Construction is underway on Building A of the Palm Valley Commerce Center in the rapidly expanding Phoenix-Goodyear Airport submarket of Goodyear, Arizona, with delivery expected in Q2 2025. Upon completion, the project will consist of three buildings totaling 294,840 square feet. A unique characteristic is the spaces’ divisibility from 125,840 square feet to 4,680 square feet, … [More]
Data Center Master Planner Closes on 2,069 acres in Buckeye, among the Largest Data Tech Parks in U.S.
Acquisition will support one of the largest data center technology parks in the country
Tract, a developer of master-planned data center parks, announced its acquisition of a 2,069-acre land parcel in Buckeye, Arizona. The land acquisition will be one of the largest data center parks in the United States anticipating up to 20 million square feet of data center space across as many as 40 individual data centers at full build-out. Tract is currently working with the … [More]
Homebuilder and Home Design Firm Announce Strategic Partnership
Family-owned premiere homebuilder Camelot Homes is proud to announce a strategic partnership with leading design firm, Guided Home Design. This collaboration between two Scottsdale-based companies marks a significant milestone as Guided Home Design will now exclusively manage interior design for the family-owned luxury homebuilder. A dedicated team of designers will work with … [More]
Development Co. Expands Business with Entry into Airport Submarket
Evergreen Devco, Inc., a leading retail, multifamily and industrial development company, announced a significant expansion to its industrial business line with the acquisition of 12.68 acres at the southeast corner of 48th Street and Alameda Drive in Tempe, Ariz., for $13.0 million. The future development, to be called 48th @ Alameda, is strategically located in the Airport … [More]
Chicago Home-Cooked Food Coming to Downtown Phoenix
Big Bacon’s, which has been operating out of a ghost kitchen in Tempe, is known for its authentic Chicago soul food including stuffed jerk burgers, fried chicken, fried pork chop sandwiches, and a variety of seafood dishes including salmon and catfish. NAI Horizon facilitated the long-term lease for a restaurant that is bringing home-cooked food from Chicago to Downtown … [More]
North Scottsdale Office Complex Major Tenant Expands, Brings Property to Full Occupancy
Nationwide Realty Investors announced that the 440,000 square-foot Cavasson East office building within the larger Cavasson mixed-use development in North Scottsdale has reached full lease occupancy. “This is an incredible milestone for Cavasson,” said Brian J. Ellis, President of Nationwide Realty Investors. “Achieving 100% lease occupancy in an extremely tough global office … [More]
Commercial Property Management Co. Announces Leadership Transition
MODE Commercial Property Management announced a significant leadership transition. After more than 16 years Patty Hartley, co-founder and designated broker, is stepping back from day-to-day operations. David Verwer, the current Managing Director will assume the role of President and Designated Broker. Since its founding in 2008, MODE has grown into one of the most well-known … [More]
Leading Arizona Based Build-to-Rent Developer Expands into Nebraska
Arizona in innovative Build-to-Rent solutions, Cavan Companies announced its expansion into the Omaha, Nebraska market with the development of The Bungalows on Honeysuckle and The Bungalows at Whitehawk Lake. Known as an innovative pioneer in Arizona residential Build-to-Rent communities, Cavan Companies has chosen Omaha as its latest destination for development, reflecting the … [More]
Phoenix Ranks among Top Markets with Largest Number of Industrial Leases during the First Half of 2024
Industrial users leased more huge warehouses in this year’s first half, aided by lower lease rates and higher vacancy
Phoenix ranks sixth nationally among the markets with the largest share of the top 100 industrial leases in the first half of 2024, according to a new report from CBRE. Phoenix had five of the top 100 largest leases, totaling 4.6 million sq. ft. Three of the five leases were signed by e-commerce businesses, with manufacturing companies and third-party logistics operators each … [More]
Wisconsin Co. Completes 80-Acre Land Deal for Significant Corrugated Box Operation
Green Bay Packaging announced the completion of its land acquisition near Phoenix, Arizona. The approximately 80-acre parcel purchased by GBP is located at Bianco and Kortsen Roads in Casa Grande. The transaction was facilitated by Kirk McCarville, CCIM, and Trey Davis with Land Advisors Organization’s Casa Grande office, who represented the seller. The seller of the site … [More]
