Sun State Builders, a design-build general contractor, is breaking ground on a 114,495-square-foot industrial building for The Widewaters Group Inc. The $11 million ground-up build situated on a 7.3-acre site is located at 134th Avenue and Bell Road in Surprise. A groundbreaking ceremony was held Tuesday, November 12 and … [More]
Utah-Based Construction Group Moves Division Offices to Tempe
Utah-based Big-D Construction recently moved its Southwest and Heavy Industrial offices to Tempe’s 2100 Rio building, a brand-new commercial office building with the quality and attention to detail to match the associates set to work there. The shift to two 8,000 SF suites overlooking the valley is a perfect next step for the growth prospects of both Southwest and Heavy … [More]
Local Development Co. Acquires Full Ownership of Biltmore Fashion Park, Unveils Redevelopment Plans for Iconic Arizona Landmark
RED Development, an industry-leading commercial real estate company renowned for its high-performing mixed-use and retail portfolio, is unveiling its plans for the future of Biltmore Fashion Park, Arizona’s first luxury outdoor shopping and dining destination after acquiring full ownership of the iconic landmark this summer, featuring a new mixed-use development and design … [More]
Opportunity Zone Housing Markets Still Keeping Up with Broader Nationwide Pricing Gains
ATTOM, a leading curator of land, property data, and real estate analytics, released its third-quarter 2024 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked at 3,857 zones around the United States with sufficient data to analyze, meaning they had at least … [More]
City of Phoenix Breaks Ground on Girasol Apartments, Bringing New Affordable Housing to Edison-Eastlake
The City of Phoenix Housing Department and Gorman & Company, celebrated the groundbreaking of Girasol Apartments, formerly known as Sidney P. Osborn Apartments. Girasol will replace 145 outdated public housing units with 364 new affordable and market-rate apartments in the Edison- Eastlake Community. Named "Girasol" (Spanish for "sunflower") by members of the … [More]
Homebuilder Opens Community Designed to Maximize Space, Make Homeownership More Attainable
Richmond American Homes of Arizona, Inc., a subsidiary of M.D.C. Holdings, Inc., announced the Grand Opening of Fire Sky at Alamar, an exciting addition to the popular Alamar masterplan. This inviting Maricopa County community boasts four exceptional single- and two-story floor plans from the builder's sought-after Seasons™ Collection, designed to maximize space and make … [More]
Goodyear Project Brings Two Class A, Mid-Size Buildings to Loop 303 Corridor
Phoenix-based Stevens-Leinweber Construction is under construction on Tex Industrial, a 17.2-acre project that will bring two new Class A, mid-size industrial buildings to Merit Partners’s sought-after PV303 master planned business park in Goodyear, Arizona. Located within the prestigious Loop 303 Corridor, Tex Industrial will include a 100,737-square-foot North building and … [More]
Verrado 55+ Master-Planned Community Opens, Features Single-Family and Duplex Homes
Landsea Homes Corporation, a publicly traded residential homebuilder, announced it has launched sales for 145 homes at Mira Vista at Victory, a 55+ active adult neighborhood in the Verrado master-planned community located in scenic Buckeye, Arizona. “Our homes at Skye Ridge at Victory have been wildly popular so we’re excited to offer 145 additional opportunities for people … [More]
Affordable Housing Developer Closes Financing for New Affordable Housing Development in Maricopa
Lincoln Avenue Communities, a mission-driven acquirer and developer of affordable housing, today announced that it has closed financing for the construction of The Ranches at Gunsmoke, a ground-up development in partnership with WNC & Associates (WNC) that will create 271 new affordable homes for families in Maricopa earning no more than 60% of the Area Median … [More]
Tempe Ultra Infill Project Coming to Sky Harbor Airport Submarket
Lincoln Property Company announced it has acquired an infill office project in the heart of Tempe, Arizona, and will redevelop the site into Sky Harbor Logistics, a Class A industrial campus situated minutes from Interstate 10 and Sky Harbor International Airport. Lincoln acquired the property, located on 16.25 acres at 1515 W. 14th St., for $18.3 million. Originally built in … [More]
Manufacturing Construction Growth
The metro Phoenix manufacturing sector is thriving, attracting heavy-hitter industries as part of a North American surge that — between 2010 and 2023 — has tripled the nation’s average yearly manufacturing construction spend rate to $210 billion. Reinforced by increased reshoring following the pandemic, U.S. manufacturing footprints have expanded, particularly in the … [More]
Warehouse Spec Available in Deer Valley
Sun State Builders recently completed construction on a 43,672-square-foot building for Hopewell Development in the Deer Valley Technology Park at 2908 W. Deer Valley Road. It is a warehouse with 24-foot ceiling heights and an office suite. Construction began on the masonry ground-up spec project in early January and it is now available for lease. Photo courtesy Sun State … [More]
Surprise Industrial Features Rail Access
Newly completed by JLL for Mohr Capital, West Summit at Surprise is a 707,380-square-foot, Class A industrial development in Surprise, Arizona. The project, comprised of two state-of-the-art buildings, is located less than five minutes from loops 101 and 303 and the Northern Parkway. Foreign Trade Zone capable, it sits on almost 47 acres with sought-after rail access to metro … [More]
Buckeye Industrial Site Has Assured Water Supply
Arizona Land Consulting, the Valley’s leading female-owned real estate consulting firm, has closed on a $20 million acquisition in Buckeye, Ariz. Located on West Southern Ave. and South Rooks Road, the 131 acres of land is zoned for industrial purposes. The site is equipped with a Certificate of Assured Water Supply, which allows this prime piece of real estate to be subdivided … [More]
Feedback: November 2024
Q: How important is Arts & Culture in your economic development plans? Wendy Bridges, AZED Pro Economic Development Director City of Goodyear Economic Development Sector: Municipal Government Arts and culture are essential to economic development plans, shaping a community’s identity and enhancing its appeal to residents, visitors and businesses. Investment in … [More]
Raising the Bar: Valley Law Firm Set to Transform Sports Grill into Bold New Law Office
Withey Morris Baugh, a leading zoning and land use law firm, has acquired the former Half Moon Windy City Sports Grill from renowned global real estate investment firm Holualoa Companies. The law firm plans to repurpose the bar space into its new office while preserving key elements of its sports bar history, including the original bar top, to honor its storied past. The … [More]
Construction Co. Reaches Building Milestone at The Phoenix Theatre
Chanen Construction marked a big milestone on the $32 million expansion project at the historic Phoenix Theatre Company. Subcontractor, Rouser Concrete, completed the final concrete pour for the structural walls for the new Dr. Stacie J. and Richard J. Stephenson Theatre, under construction in downtown Phoenix, Arizona. Crews battled the physical and structural challenges of … [More]
New Arizona Market Leader Named for CBRE
CBRE announced that Vanessa Williams has joined the company as Arizona Market Leader and Senior Managing Director. In this role, Williams will oversee Arizona business operations and drive the market’s growth strategy for all Advisory Service lines, including leasing, sales, debt and structured finance, valuation, and property management. “Vanessa has a proven track record as … [More]
