Scottsdale-based ATLAS Capital Partners, along with development partner Hawkins Development Company, has announced the $13,794,586 acquisition of approximately 38 acres in Mesa, Arizona’s Elliot Road Tech Corridor for the development of ATLAS Exchange. The four-building, Class A industrial project is differentiated by its low-coverage building designs with large, secured and … [More]
Construction Begins on Terminal 3 North 2 Concourse at Phoenix Sky Harbor
Newest $326 million concourse at Terminal 3 will add six new gates
McCarthy Building Companies Inc. recently began construction of the $326 million North 2 Concourse in Terminal 3 at Phoenix Sky Harbor International Airport, which includes the addition of six new passenger gates. Phoenix Sky Harbor International Airport’s Terminal 3 handles approximately 25% of passenger traffic annually. The airport served more than 52.3 million passengers … [More]
First-of-its-Kind Adaptive Reuse Apartment Community Offering Incentives for Creatives Opens in Mesa
Forge Tower, a first-of-its-kind high rise apartment community offering unique incentives for creatives, is now open and leasing in Downtown Mesa. Developed by Soltrust, an innovative REIT specializing in the development of infill, build-to-rent and value-add apartments, Forge Tower was created to fit the evolving and dynamic audience of Downtown Mesa, which includes … [More]
Real Estate Development Co. Launches to Transform Retail, Mixed-Use Projects
Legacy Development Partners, a newly launched real estate development firm specializing in retail and mixed-use projects, is set to make an immediate impact across the Southwest and beyond. Founded by industry veteran Chris Hake and strategically backed by national multifamily leader and mixed-use developer The Garrett Companies, the Phoenix-based firm will focus on developing … [More]
Notable Homebuilder Opens New Modern, Gated Eight-Home Community
Camelot Homes announced that sales have begun for Viridian, a gated collection of eight two-story homes located at 14th Street and Bethany Home Road, in the heart of North Central Phoenix. This modern introductory luxury community follows the sellout of Camelot’s award-winning Paradigm community in North Phoenix. Like Paradigm, Viridan brings forward-thinking design to a highly … [More]
Arizona’s Build-to-Rent Boom
14,000 new homes underway statewide as Arizona holds second place nationwide
The build-to-rent (BTR) market is transforming housing across the U.S., with more than 110,700 single-family homes under construction, spread across more than 600 communities. As demand for rental homes increases, Arizona has emerged as a standout player, second only to Texas. With nearly 14,000 new single-family rentals underway, the state is reshaping its housing … [More]
Merryman Funeral Home, Roosevelt Row Arts District, Undergoes Adaptive Reuse
Built in 1937, this building at 817 N. 1st Street served as the final location for Merryman Funeral Home, built and owned by a woman, Holland Merryman. The two-year adaptive reuse process created a space reborn as Sin Muerte restaurant and now with a new tenant concept to be announced soon, plus plans for a rooftop speakeasy that will further enrich the arts … [More]
BOH Building, Downtown Phoenix, Undergoes Adaptive Reuse
BOH Building (before) Built in the early 1950s, this 5,000-square-foot, all-metal, dilapidated, underutilized and blighted structure in an underserved community had seen better days. Through adaptive reuse, the building was transformed into a kosher catering kitchen for the largest caterer in the Southwest. This new life provides a much-needed resource for residents and … [More]
Adaptive Reuse – Creating Jobs and Saving History One Old Building at a Time
Heather Lennon sitting on a table made of the Phoenix Suns court from the 1990s) As an entrepreneur, niche general contractor and real estate developer, I have spent my 27-year career applying adaptive reuse not just as a design philosophy, but as an economic and cultural catalyst. Simply owning an old or historic building does not preserve it — its survival depends on … [More]
Addressing the Workforce Crisis in Construction
Timelines, safety and overall quality also at risk
The construction industry faces a significant workforce shortage, with projections indicating a need for 454,000 additional workers in 2025. As skilled laborers exit the field faster than they can be replaced, the shortage threatens project timelines, safety and overall quality. Addressing this challenge requires a multi-faceted approach that includes innovative workforce … [More]
Construction Co. Completes 219-Unit Luxury Multifamily Development in Tempe
Construction is completed at Nollie, a 219-unit luxury multi-family development in Tempe, Arizona. McShane Construction Company delivered the project on behalf of repeat client Milhaus. The Qualified Opportunity Zone (QOZ) development is positioned on a 4.5-acre site and is composed of two four-story wood frame buildings. "We are proud to have partnered with … [More]
Scottsdale-Based Health Club Announces Newest Queen Creek Center
Land acquisition will soon bring a new Mountainside Fitness health club to Queen Creek, Arizona, a community recently ranked as the third fastest-growing large city in the United States. Based in Scottsdale, Arizona, Mountainside Fitness currently operates 21 high-end health clubs across metro Phoenix, serving more than 150,000 members. Its new Queen Creek location will sit … [More]
Investment Co. Plans 130 Build-to-Rent Townhome Community in Litchfield Park
Zen Investing, a Scottsdale-based real estate investment and development company held a groundbreaking ceremony on Friday, March 21 for its newest project. Zen @ Angelina is a build-to-rent townhome community situated on 8.4-acres located at the southwest corner of Indian School and Dysart Roads in Litchfield Park and under the jurisdiction of the City of Avondale. With … [More]
$145M Project Announced to Bring Top Brands to High-End SanTan Corridor
Oak Brook, Illinois-based Kensington Development Partners, along with IM Properties, have acquired Phase I of a prime 30-acre infill land parcel in Gilbert, Arizona, for a new upscale development called Signature at SanTan Village. The high-end retail center will sit within the popular SanTan Village retail, restaurant and entertainment corridor. Early anchor tenant commitments … [More]
Luxury Apartment Community a Key Piece in Peoria Place Master Plan
Greystar, a global leader in the investment, development, and management of residential real estate, is pleased to announce that Marlowe Peoria Place is now pre-leasing. First units for the community are anticipated to be delivered in May 2025. The luxury apartment home community is a key piece of Greystar’s Peoria Place Master Plan, a visionary project that will introduce … [More]
CRE Development Co. Adds Industry Veteran to Lead New Hospitality Division
Plaza Companies is expanding its presence in the hospitality industry with the formation of a new arm of the business to pursue hotel and lodging projects. The new division will build off Plaza’s success with mixed-use, office, bioscience, medical, and senior living properties, and comes fresh off the launch of the new Home2 Suites/Tru by Hilton hotels at the company’s Park … [More]
New SARRC Campus in Mesa Celebrates Grand Opening
Willmeng Construction recently celebrated the completion of work for Southwest Autism Research & Resource Center (SARRC) on its new Kathryn G. Bosco Campus at Power and McKellips Roads in Mesa. The grand opening event marked a major step for SARRC, which provides valuable, evidence-based programs that support individuals with autism spectrum disorder (ASD) from childhood to … [More]
Cardiology Practice on Track to Be First Provider in New San Tan Medical Office Complex
Tri-City Cardiology, an East Valley medical practice with 27 board-certified cardiology and vascular care physicians, is on track to be the first of many medical offices to reside at Terraza Medical Village in San Tan Valley. The substantial construction project by Kraus-Anderson Phoenix began on March 10, 2025, and builders anticipate that two of the five buildings will be … [More]
