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]
New Metro District in Old Metrocenter Redevlopment Opens First Apartment Community
Lucero Apartments, a vibrant new residential community located at the former Metrocenter Mall in Phoenix, is now leasing and inviting residents to experience a lifestyle rooted in comfort, connection and contemporary living. A grand opening celebration is scheduled for Friday, May 2 from 12 p.m. to 4 p.m. with all-day activities and a special tribute to the former Metrocenter … [More]
Vestar and Western Retail Advisors Selected to Manage Superstition Gateway in Mesa
Superstition Gateway in Mesa, Arizona has a new property team. Vestar, the leading privately held shopping center owner and manager in the western United States, has been awarded the role of property management, while retail brokerage specialist Western Retail Advisors will oversee leasing. The Phoenix-based companies will work collaboratively to maximize occupancy and … [More]
NAIOP Arizona Honors 40-Year Industry Veteran
Mike Haenel, an Executive Vice Chair with Cushman & Wakefield in Phoenix, has been named NAIOP Arizona’s 2025 Award of Excellence recipient. The award will be presented at the Best of NAIOP awards ceremony on May 1 at the Arizona Financial Theatre. The event will also celebrate Best of NAIOP’s own 30 incredible years of excellence in commercial real estate. The NAIOP … [More]
Denver-Based Capital Co. Announces New Real Estate Venture with First Arizona Acquisition
Canopy Real Estate Partners, a private equity firm launched by real estate veteran Jay Rollins, has acquired ParkView Townhomes in Surprise, Arizona for $8.8 million. The transaction marks the first Arizona investment for the Denver-based firm that has recently expanded to the Valley, specializing in partnering with emerging real estate talent in the middle … [More]
Developer Gains Phoenix City Council Approval for Office-to-Residential Redevelopment
Caliber, a real estate investor, developer, and manager, announced the recent Phoenix City Council’s unanimous approval of the Company’s Canyon Village redevelopment project. The project has successfully rezoned and received all necessary government approvals to retrofit a distressed +300,000 square foot office building to a 376-unit rental multifamily residential building. The … [More]
Builder Completes Purchase of 218 Lots within Queen Creek Community for $21M
Land Advisors Organization’s Homebuilding Team recently completed the sale of 218 single family final platted lots within the Borgata at San Tan Heights to Taylor Morrison Homes for $21 million. The parcel, which is located at the SWC of Thompson Road and Hunt Highway in Queen Creek is just over 131 acres in size. The sale was facilitated by Ryan Semro, Ben Heglie, Bret … [More]
Developer Breaks Ground on Shops at the Cardinal in Glendale
Diversified Partners, a Scottsdale-based real estate brokerage and development firm, celebrated the official groundbreaking of its newest project, Shops at the Cardinal, with a ceremonial shovel and dirt photo op at the southeast corner of 91st Avenue and Cardinals Way in Glendale. The event drew a large crowd, including Mayor Jerry Weiers, members of the Glendale City Council, … [More]
Homebuilder Acquires Nearly 40 Acres in Gilbert for Another New Residential Community
Tri Pointe Homes, serving the Phoenix market for over 30 years under the name Maracay, has acquired approximately 40 acres of land in Gilbert, Arizona, for $18.2 million. Located at the southwest corner of Pecos and Greenfield Roads, Tri Pointe intends to develop the land into a new residential community named Lusitano that includes 76 preliminary platted homesites, with sales … [More]
Sundt Construction Names New Building Group President
Sundt Construction announced that Chad Buck has been promoted to president of the company’s Building Group. In this role, Buck will oversee all operations and strategic initiatives within the Building Group, furthering Sundt's commitment to delivering excellence in construction. He replaces outgoing Building Group President Teri Jones, who will stay on with the company in an … [More]
