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]
New Phoenix Technology District at TSMC Announced, Mixed-Use Development to Be a Science and Innovation Hub
Mack Real Estate Group and McCourt Partners have announced the name of their 2,300+ acre mixed-used, master-planned development in Phoenix’s North Valley: Halo Vista. Located immediately adjacent to Taiwan Semiconductor Manufacturing Corporation’s (TSMC) $65 billion semiconductor fabrication campus, Halo Vista is positioned to become a hub for science and innovation, driving … [More]
Tempe Town Lake Mixed Use Development Hits Milestone
Shorehaven, a mixed-use development on the south bank of Tempe Town Lake has hit a milestone and "topped out." Built across 3.3 acres, the 1.3-million-square-foot Project features three striking towers, offering a blend of residential, retail, and recreational spaces designed to enhance urban living. Silverstein is leading the development, with Clayco as the builder, DAVIS … [More]
Corporate Workplace Center Rebrands, Focus Is on Amenities
Underscoring the rapidly evolving power of amenitized commercial real estate spaces, Scottsdale-based Southwest Experience Center has rebranded to NextSpace. The change refines the facility’s focus on serving the wide swath of companies expanding or relocating in Phoenix, and the need those organizations have to create transformative work environments. “We had a front-row seat … [More]
Developer Set to Construct New Retail Center in South Tempe
Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading commercial real estate developers, announced that it has purchased approximately 3.68 acres of land for the development of South Tempe Square, a 27,119-square-foot retail center in Tempe. Construction is expected in the first quarter of 2025 and opening is planned for early … [More]
Developer Announces New Elevated Build-to-Rent Community in Buckeye
P.B. Bell and Everest Holdings are nearing completion of a new single-family build-to-rent community, Marketside Villas at Verrado, located in Buckeye at 21045 W. McDowell Road. Marketside Villas at Verrado features thoughtfully laid-out standalone and duplex style one, two, and three-bedroom floor plans that feature all the high-end luxuries of modern living, including … [More]
New Housing and Community Hub Planned for North Tempe
Investment aims to expand affordable housing to meet community needs
Tempe plans to transform the newly-purchased Food City Plaza in north Tempe into a dynamic housing and shopping hub that brings together mixed-income housing, a grocery store and a police station to meet wide-ranging community needs. Tempe bought the center as part of its broad Affordable Housing Strategy and Hometown for All initiative, designed to accelerate the growth of … [More]
National Commercial Real Estate Sentiment Rebounds, Says Survey
The NAIOP CRE Sentiment Index, which measures industry expectations for commercial real estate market conditions over the next 12 months, has increased significantly from the last survey conducted in the Spring. The Index climbed to 56, indicating that respondents expect conditions for commercial real estate development to improve over the next year. The NAIOP CRE Sentiment … [More]
131 Acres of Designated Industrial Development Acquired in Buckeye
The First West Valley Site Purchased Since Record $138 Million Data Center Deal
Arizona Land Consulting, the Valley’s leading, female-owned real estate consulting firm, announced today it 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. Equipped with a Certificate of Assured Water Supply allows this prime piece of real estate to be … [More]
Construction Co. Begins Shell Construction Project of New K-8 School for Saint Thomas the Apostle in Phoenix
Wespac Construction Inc. is excited to announce the upcoming construction of a new 76,652 SF academic facility, set to enhance the existing campus of Saint Thomas the Apostle, located on 24th Street between Camelback Road and Campbell Avenue in Phoenix. The current facilities, originally built in the 1950s, have aged and are struggling to meet the needs of the expanding … [More]
Scottsdale-Based Master-Planned Community Developer Expands Homebuilding Division
Symmetry Companies, a Scottsdale-based master-planned community developer specializing in luxury residential neighborhoods featuring private golf clubs, today announced the first market expansion of its homebuilding division, Symmetry Homes, with the launch of new semi-custom homes at Talking Rock Ranch in Prescott, along with the opening of a downtown sales … [More]
