Toyota Financial Services, the finance brand for Toyota in the United States, is expanding its office presence in Chandler, Arizona, to support long-term operational needs. The company has leased an additional 40,000 square feet of office space at its current location, 1650 S. Price Road, and now occupies the entire 120,000-square-foot building. TFS first established a … [More]
Landmark Scottsdale Hotel Lands $23M Loan for Rebrand and Relaunch
Lionheart Strategic Management LLC, an affiliate of Fisher Brothers that manages capital on behalf of third-party investors, and Schroders Capital, the private assets division of Schroders, announced that it has provided a $23.5 million mezzanine loan to Namastay Development and Hospitality Capital Partners for the renovation and recapitalization of The Monarch, a 194-key hotel … [More]
Avondale Unveils Facility to Support Growing K‑9 Operations
Willmeng Construction and the City of Avondale recently celebrated the completion of the new Avondale Police Department K-9 Training Facility. This state-of-the-art training center, designed by Perlman Architects, was specifically designed to support the intensive training and operational needs of Avondale’s highly skilled K-9 teams. The facility, located at 50 N. Eliseo C. … [More]
New Platform Streamlines Pre-Construction Planning for Valley Builders
CivilGrid, the civil design intelligence company, announced today its expansion into the Arizona and Nevada markets. This expansion will improve the building process for civil engineers and construction teams in the region. Often referred to as the 'Google Maps for the underground,' CivilGrid centralizes unprecedented utility maps and historical site datasets in an intuitive, … [More]
Sundt Construction Set to Build Largest Apache Junction Industrial Building
Sundt Construction, Inc. received zoning approval at the Tuesday, July 15 Apache Junction City Council meeting to construct a 65,000 square foot manufacturing facility. The new industrial building will be the largest in Apache Junction and is expected to bring approximately 100 jobs to the city. Sundt is currently in escrow to purchase this 36-acre parcel located west of the … [More]
East Valley Mixed-Use Development Marks 100% Occupancy, Strong Lineup of New and Upcoming Tenants
Vestar, a privately held shopping center owner and manager in the western United States, has announced that Vineyard Towne Center in Queen Creek is now 100% leased, with a strong lineup of new and upcoming tenants ready to meet the needs of this rapidly growing community. A 145,000-square-foot Target is on track to open this October, joining a strong mix of upcoming tenants … [More]
New Peoria Build Pushes Scottsdale Firm’s Self-Storage Pipeline to 2M SF
Willmeng Construction broke ground on a state-of-the-art self storage facility in Peoria. Garrett Development Corp is the developer of this new facility. The property is located in a county island within the City of Peoria borders. It sits along the east side of Lake Pleasant Parkway, a main arterial road in Peoria. “We’re very excited to start this project, which is our … [More]
$2.2B Acquisition to Expand National Investor’s Footprint in Phoenix
Starwood Property Trust, Inc. announced that the Company has entered into a definitive agreement to acquire Fundamental Income Properties, LLC, a fully integrated net lease real estate operating platform and owned portfolio, for approximately $2.2 billion. Fundamental, currently owned by Brookfield Asset Management, operates a vertically integrated net lease … [More]
Glendale Build-to-Rent Project Fully Capitalized with $43M in Funding
Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced that its offering, Capital Square Glendale BFR, LLC, has been fully capitalized. The Regulation D private placement, consisting of a 320-unit build-for-rent community in Glendale, Arizona, raised over $43 million in … [More]
Legacy Valley Contractor Rebrands Following Strategic Restructuring
Agate Construction, a well-established general contracting firm based in Arizona for over 50 years, is rebranding as Primak Construction Group following a strategic restructuring between longtime business partners Rick Nichols and Lou Primak. The decision to rebrand comes as part of a “spin-off” agreement, with Primak assuming full ownership of the construction business … [More]
West Valley BTR Community 60% Leased as Construction Wraps
Curve Development announced the completion of construction at Cyrene at Skyline, a premier 102-home build-for-rent community in the heart of Waddell, Arizona. Opening December 2024, the community has already achieved over 60% lease-up, exceeding expectations and reinforcing the demand for high-quality rental housing in the West Valley. "At Curve, we don't see the West Valley … [More]
$144M Recapitalization Completed across Three Phoenix Build-to-Rent Communities
Empire Group of Companies, a leading Arizona-based real estate investment and development firm, has successfully recapitalized three of its single-family build-to-rent communities across the Phoenix metropolitan area. The company closed bridge loans totaling over $144 million with Arbor Realty Trust, Inc., retiring the construction debt and the entirety of the $21 million of … [More]
Developer Announces 360,000-SF Office Project in Scottsdale
Phoenix-based developer George Oliver, in partnership with Ascentris, has launched plans for Arbor Old Town, a new luxury office redevelopment in the heart of Old Town Scottsdale. Spanning more than 360,000 square feet across three buildings and six acres at the prominent corner of Scottsdale and Indian School roads, the project will introduce the district’s first … [More]
Construction Starts on Scottsdale 433-Unit Luxury Community
Legacy Partners, a privately held national real estate firm, together with joint venture partner DWS, a leading global asset manager, announced the start of construction on Olea Scottsdale, a 433-residence apartment community in Scottsdale, Arizona. The project is located north of Loop 101 and east of Scottsdale Road, at the northwest corner of Legacy Boulevard and Miller … [More]
National Contracting Co. Celebrates Arizona Expansion
W.W. Clyde & Company widens its footprint in the Arizona market with the opening of a new 38,000-square-foot office in Apache Junction. To celebrate this growth milestone, community and industry partners were invited to a ribbon cutting ceremony and open house held at the new location. “This new location allows us to better serve more customers and hire talented people in … [More]
Addressing Growth’s Power Supply Challenges with BESS and Microgrids
Data center development options showcase critical energy infrastructure
Stand Alone Battery Storage Facility or BESS facility Reliable power supply is fundamental to society, driving everything from daily household activities to complex industrial operations. However, the existing utility power infrastructure is increasingly challenged by rising demand, aging systems and the pressures of integrating new technologies. This has led to … [More]
Class-A Industrial Completed Adjacent to the Scottsdale Airport
LGE Design Build, an award-winning integrated design-build firm, recently completed construction on Thunderbird Commerce Park, a 243,360-square-foot Class-A industrial building in Scottsdale Airpark developed by Creation. Blending a refined industrial aesthetic with operational flexibility, the project is situated on an 18-acre parcel east of the southeast corner of … [More]
New Build-to-Rent to Serve Housing Need in Scottsdale
Build-to-rent communities Corsica Villas at 20th St. and Corsica Villas at Euclid Ave. are being developed concurrently. These represent the first in Arizona for Rockefeller Group, the U.S. real estate developer, owner and operator. With Mosaic as general contractor, vertical construction recently began on the 152 one- and two-bedroom townhomes that will be delivered in the … [More]
