The iconic Burgbacher Building at Park Central in Phoenix has undergone a unique transformation that is bringing new life to its expansive basement space. In a creative move to enhance the property’s utility, this previously underutilized area is being converted into a state-of-the-art self-storage facility, showcasing the creativity and practicality of adaptive reuse … [More]
Multifamily Home Builder Forms New Leadership Team to Guide into Next Era of Success
As Mark-Taylor Companies celebrates 40 years in the multifamily housing industry, the organization is proud to announce the formation of a dedicated C-suite leadership team. The elevated leadership team is committed to guiding the company into its next era of success, staying loyal to its roots as a people-focused organization. Since its founding in 1985, Mark-Taylor has … [More]
Market-Leading Development Firm Initiates Final Phase of Phoenix’s Largest Logistics Development
Leading Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, announces its groundbreaking of CapRock West 202 Logistics Phase 2. This next and final phase of the state-of-the-art speculative industrial development in the Southwest Phoenix submarket consists of 825,000 square feet of Class A warehouse space across three … [More]
Business Insurance Brokerage Moving to New, State-of-the-Art Office in Chandler
The Mahoney Group, Arizona’s largest independent insurance, risk management, and employee benefits brokerage, is excited to announce its upcoming move to a new, modern office space in Chandler, reflecting the company’s continued growth and commitment to its people-first culture. A move-in-date for the new office, located at 2625 W. Geronimo Place, is scheduled for early … [More]
Catholic Charities’ Housing for Hope Opens Phase Two of Affordable Housing Complex
Housing for Hope, an affiliate of Catholic Charities Community Services, in partnership with Trinity Housing Development, announced the grand opening of the second phase of Acacia Heights Apartments, an affordable housing complex near 7th Avenue and Camelback in Central Phoenix. A multi-year, three-phase development project, the most current stage of construction broke ground … [More]
$30 Million Medical Office Sale Highlights Activity at Development Co.
Unbound Development closed 2024 with a flurry of activity at it’s ALMA 202 mixed-use development in Chandler, including the $30 million sale of the 65,931 square foot Chandler Medical Pavilion building that is fully leased to Banner Health. Unbound, in a partnership with Webb Investments, sold the property to Montecito Medical Real Estate. Chandler Medical Pavilion was … [More]
Vistancia Secures More Than 100 Acres in Land Transactions, Prepares for Future North Peoria Growth
Northpointe at Vistancia and the Village at Vistancia, communities in the 7,100-acre Vistancia master planned community in Peoria, have recently secured over 100 acres in land sales, continuing to poise the community for future growth. “Vistancia’s builder interest and home sales continue to demonstrate the attractability of our community,” said Mark Hammons, General Manager … [More]
Logisticus Group Commits to 483,300-SF Full-Building Lease in 210-Acre Logistics Park
Lincoln Property Company has completed its first lease at the award-winning Park303 logistics park, signing third party logistics leader Logisticus Group to a 483,300-square-foot commitment that fully leases one of the project’s three state-of-the-art buildings. A privately owned company specializing in transportation, logistics, civil engineering, project management and … [More]
Southern California-Based Real Estate Investment Firm Expands into Phoenix Market with Small-Bay Industrial Acquisition
Captiva Partners, a real estate investment and operating firm specializing in industrial and flex properties across the West Coast, is proud to announce the off-market acquisition of a 40,075-square-foot multi-tenant small-bay industrial property located at 2209-2211 W 1st St in Tempe, Arizona, marking its entry into the Phoenix market. Captiva plans to rebrand the property … [More]
Partnership Brings New Dual-Branded Hotel to CityNorth Master Plan
LaPour Partners and Holualoa Companies closed on the land and secured planning approval for a new dual-branded AC Hotel by Marriott and Element by Westin. The 8-story development will feature 240 guest rooms with 5,700 square feet of flexible indoor-outdoor meeting space. The AC Hotel by Marriott will offer 142 guest rooms, and Element by Westin will offer an additional 98 … [More]
New Chief Operating Officer for Holualoa Companies Named
Veteran real estate leader Steve Lindley has been appointed Chief Operating Officer of Holualoa Companies, as previous COO Stanton Shafer transitions to a Senior Advisor role as a step toward retirement. Lindley will be engaged in all facets of the company’s operations, including the management of the portfolio of national and international properties and working with … [More]
CRE Investment Co. Names New Managing Partner of Brokerage and New Development
Diversified Partners, Scottsdale's leading commercial real estate investment, brokerage and development firm, announces the addition of Dean Ingram as managing partner of brokerage and new development. This move underscores the company’s rapid growth as it plans over $4 billion in transactions for 2025 and 2026. Ingram brings more than 25 years of retail real estate expertise, … [More]
Developer Closes on 800+ New Affordable Housing Units in Surprise and Maricopa, Addressing Arizona’s Housing Shortage
Dominium, a leading national affordable housing owner, developer and manager, recently closed on deals to acquire land for three new housing projects, providing more than 800 units in Surprise and Maricopa. In Surprise, Arterra will offer 388 affordable apartments for families and will include a clubhouse, fitness center, pool, and a playground. Orchard Springs, also in … [More]
Two New Industrial Buildings in Mesa Are First for Developer in the Arizona Region
Outrigger Industrial has completed two class A industrial buildings totaling more than 400,000 square feet in Mesa, Arizona. The new development, Centris Industrial at Mesa, is located at the cross streets of 80th Street and Pecos Road. The building located at 8147 East Pecos Road is comprised of 96,882 square feet, of which 44,000 square feet has been recently leased. The … [More]
Arizona State University-Owned University Gateway Building Completed
Construction recently completed on the $78 million, five-level University Gateway Building at Arizona State University (ASU), a 128,000-square-foot building that wraps around the Mill Avenue Parking Structure in Tempe, Ariz. The parking structure, which was completed in late 2023, and the University’s new building are located east of Mill Avenue between 9th and 10th … [More]
Big Surf Site to Become Class A Industrial, Breaks Ground on Construction
Developer Overton Moore Properties, along with its partner, Invesco Real Estate, have started construction on Nextwave Tempe. The project consists of three Class A industrial buildings totaling 689,000 sq. ft. on 35.5 acres at the former site of the Big Surf Waterpark in northeast Tempe at 1500 North McClintock Drive. CBRE's John Werstler, Cooper Fratt and Tanner Ferrandi … [More]
Chandler Four-Building Class A Industrial Park Sells for $83M
The $83 million sale of Akimel Gateway in Chandler to EastGroup Properties, Inc. is complete. CBRE National Partners’ Rusty Kennedy and Joe Cesta, along with Cooper Fratt, John Werstler, Tanner Ferrandi and Mike Parker, represented Trammel Crow Company and CBRE IM in the deal. “Akimel Gateway presents a compelling investment opportunity for EastGroup, featuring impeccably … [More]
Hospitality Investment Firm Expands Portfolio with Acquisition of Scottsdale Resort
LionGrove, a leading hospitality investment firm, announces the purchase of ADERO Scottsdale Resort, Autograph Collection, an idyllic resort nestled in the heart of the Sonoran Desert. "The acquisition of ADERO Scottsdale marks an exciting milestone in LionGrove's dedication to building a portfolio of distinctive hospitality properties that create memorable and … [More]
