Leading real estate developer Creation, in partnership with Horizon Real Estate Ltd., broke ground 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. Joining the restaurant mix are Snooze, an A.M. Eatery, a vibrant breakfast and … [More]
Scottsdale-Based Developer to Bring 15 New Hyatt Studio Hotels, Including Arizona
Caliber, a real estate investor, developer, and manager, announced that it has entered into a Development Rights Agreement with an affiliate of Hyatt Hotels Corporation to develop 15 new Hyatt Studios hotels in the United States. Under the terms of the agreement, Caliber Hospitality Development will receive exclusive development rights for future development of Hyatt Studios … [More]
Construction Safety Week: Prioritizing Safety on Megaprojects
The greater Phoenix Metro area is a growing destination for large-scale megaprojects, many of which are focused on technology-driven growth like data centers and colocation facilities. JLL’s North America Year-end 2024 report indicates that data center/colocation construction in Phoenix alone has grown nearly 200% since 2020. JE Dunn, ranked ninth for semiconductor … [More]
Industrial Complex in Mesa Sells for $51.5M
Commercial Properties, Inc., Arizona’s largest locally-owned commercial real estate brokerage, announced the sale of the Tailwinds at Gateway industrial complex totaling 172,244 square feet. Tailwinds at Gateway is a 172,244 SF Class A Industrial Complex in the Southeast Submarket of Phoenix, Arizona, which consists of 4 Multi-Tenant and 6 Single-Tenant Freestanding … [More]
Investment Co. Lends on Newly Built Luxury Rental Property in Desert Ridge
Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced it provided a $64 million senior loan to a joint venture between Greystar Development and Crown Realty Group for Sunela, a newly built multifamily property in Phoenix, Arizona. "We're pleased to support Greystar and Crown with this bridge loan to … [More]
$225M Development Brings Safeway, Boutique Restaurants, Retail, Hotel and Multifamily to Gilbert
Thompson Thrift, a full-service real estate company engaged in multifamily, mixed-use, industrial and commercial projects across the country, hosted a groundbreaking ceremony on April 30 for The Gilmore, a 35-acre mixed-use development in the Phoenix suburb of Gilbert. "The Gilmore's groundbreaking is an exciting milestone that brings our vision one step closer … [More]
Infill Industrial Redevelopment Breaks Ground in Tempe, Meeting Demand for High-Efficiency Space
Creation, a Phoenix-based real estate development and alternative investment firm, and LGE Design Build, a premier Southwest design-build firm, announced today the start of construction on Nexus Commerce Center, a 273,000-square-foot Class-A industrial park located at Elliot Road and Hardy Drive in Tempe. To mark the occasion, the developer held a groundbreaking ceremony … [More]
Redevelopment Transforms Vacant, Back-Office Building into High-Tech Manufacturing Facility
Phoenix Rising Investments and Willmeng recently completed work on their AMPlify development at 6505 W. Chandler Blvd. in Chandler. The latest AMPlify project transformed a vacant, back-office building into a high-tech manufacturing facility that has a dedicated 50 MW SRP substation for a Fortune 500 corporation. “On behalf of the City of Chandler, I want to thank Phoenix … [More]
Feedback: May 2025
Q: What changes have you made in office space usage in the past few years? Veronique James Founder & CEO The James Agency Sector: Public Relations Over the past few years, we’ve seen firsthand how intentional office design directly impacts team connection, collaboration and productivity. In response, we expanded The James Agency’s office footprint to create a more … [More]
Tariffs and Their Impact on Commercial Real Estate
Developers must strategize on sourcing and usage
In recent months, there has been increasing concern among commercial real estate professionals with the potential impact of new tariffs. These tariffs, introduced as part of broader trade policies, have affected various industries, with commercial real estate being no exception. From construction costs to property values, these tariffs are resonating across the CRE sector, … [More]
New Attainable Housing Project in Tempe
Dwell @ 5th and Farmer is an innovative, transit-oriented, attainable housing community from Holualoa Companies. Located on a two-acre parcel in the heart of Tempe, the multifamily project will provide new housing options for residents working in downtown Tempe, Arizona State University and other locations. The 129 attainable housing units are integrated with two existing … [More]
Sustainable Luxury Community in North Scottsdale
As Optima McDowell Mountain takes shape in North Scottsdale, award-winning real estate firm Optima is setting a new benchmark for sustainable luxury with its $1-billion mixed-use community, featuring meticulously designed residences, cutting-edge green building techniques, expansive open space and community-driven amenities designed for modern desert living. Designed by … [More]
Behavioral Health Services Battle Stigma in Office Space Search
Most business owners in search of office space have a variety of options — the real challenge is finding the best space to fit operational and financial criteria. That is not the case for providers of behavioral or mental health services. In fact, behavioral health providers are routinely met with roadblocks. According to the National Institute of Mental Health, … [More]
May 2025 Guest Editor: Martha dePlazaola Abbott, Gensler
Office Transformation As the office landscape has permanently changed, the perception of work has changed along with it. Today’s modern office is considered a “lifestyle,” an experience that supports a myriad of workspaces that not only inspire and attract incredible talent but compel them to stay. There is no question that, ultimately, we come to the office to “work,” … [More]
The Ultimate Office: Productive and Innovative Workspaces Elevating Arizona’s Workforce
“The traditional office is dead — it just doesn’t know it yet,” says Zac Cohen,. creative director of Räkkhaus. Observing that the best workspaces today function less like static layouts and more like neighborhoods — offering spaces that flex between deep focus, collaboration, and social interaction — he emphasizes the need to design work environments that evolve with how … [More]
Creating Healthier Spaces in Our Built Environment
Practical steps to remove harmful chemicals and create safer, healthier indoor environments for everyone
In Arizona, where extreme heat keeps us indoors for much of the year and air quality challenges persist, it’s more important than ever to think about the air we breathe inside our homes, schools, offices — and commercial properties. It’s important that building owners, tenants and facilities managers alike understand the quality of our interior environments directly impacts the … [More]
Construction Co. Expands Operations in Phoenix, Brings Commercial Expertise to Fastest-Growing Market
PCL Construction, one of North America's largest and most innovative general contractors, is opening a new commercial buildings office in Phoenix. The announcement builds upon the success of the company's water and civil construction operations, which have thrived across the Southwest for more than 30 years. "Phoenix is a hub of opportunity across aviation, hospitality, … [More]
Site Earmarked for Revitalization as Part of 20-Mile City of Phoenix RIO PHX Land Plan Sells
Scottsdale-based ATLAS Capital Partners has sold a prime infill parcel to the City of Phoenix for $29.58 million. The city has earmarked the land for revitalization as part of its regional Rio Reimagined initiative and the RIO PHX plan, which will promote 20 miles along the Rio Salado/Salt River corridor as a local and regional destination. Located at 3030 S. 7th St. in … [More]
