Rehoboth Place II, a new collection of affordable housing, will be held a grand opening event Tuesday, aiming to address the housing crisis in Phoenix—opening in the Canyon Corridor near 27th Ave. and Camelback, one of the most multicultural diverse areas in the Valley. Rehoboth Phase I with 47 units, which opened 13 years ago, and now Phase II with 66 units, not only provides … [More]
Real Estate Investor Bolsters Portfolio with Warehouse Complex in Chandler Airport Business District
Leading Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, announced the acquisition of Chandler Airport Business Park, a newly finished 318,683-square-foot Class A industrial asset well-located in Chandler. The property consists of four state-of-the-art freestanding warehouse buildings ranging in size from 56,756 square … [More]
Texas Property Co. Expands Portfolio with Chandler Acquisition
Olympus Property announced the acquisition of Alta Chandler at the Park, a prominent residential community situated in Chandler, Arizona. As a premier community, Alta Chandler at the Park offers residents access to luxury living and unparalleled career opportunities. With 291 units, this four-story, mid-rise community represents a significant addition to Olympus Property's … [More]
Vistancia Community Secures 450 Acres, Prepares for Future North Peoria Growth
Northpointe at Vistancia, the 3,450-acre elevated desert living community located within the award-winning Vistancia master planned community, has recently secured over 450 acres in land sales, poising the community for future growth. Houston-based CastleRock Communities, looking to establish a larger position in the burgeoning North Phoenix-market, recently closed on 230 … [More]
Real Estate Crowdfunding Co. Launches Arizona Multifamily Opportunistic Fund to Capitalize on Increasing Number of Distressed Properties
Neighborhood Ventures, one of the country's largest real estate crowdfunding companies, announced the launch of its Arizona Multifamily Opportunistic Fund. This special fund will allow accredited investors (and non-accredited investors in Arizona) to invest in Arizona multifamily commercial properties that Neighborhood Ventures estimates are selling at a distressed rate of 30% … [More]
Million-Dollar Capital Investment for Senior Living Community Meets Needs of Growing Senior Population
Vista de la Montaña, a Holiday by Atria independent living community, has kicked off a new renovation project for capital upgrades in design and amenities. The upgrades are designed to transform the community’s appearance and function, all geared toward fostering the social connections that help older adults live life to the fullest. The upgrades are expected to be completed … [More]
Build-to-Rent Investor-Developer Reaches Milestone, Focuses on Growth in 2024
TerraLane Communities, a premier investor and developer of rental neighborhoods, and the build-to-rent arm of residential investor-developer IHP Capital Partners, announces the completion of TerraLane at Canyon Trails South, a new premier rental home community in Goodyear. Consisting of 297 modern residences and ample amenities, the community is open and experiencing strong … [More]
New Mixed-Use Development to Become a Jewel in the Happy Valley Corridor
New dining experiences, much-needed housing and a neighborhood church: These are the elements of a community gathering place for northwest Valley residents that has been seven years in the making. This morning, Peoria officials joined the Pederson Group and community and business leaders in turning the first shovels of dirt on The Trailhead, a 903,000-square-foot, mixed-use … [More]
Family-Owned Bjerk Builder Acquired by Local Investors
Bjerk Builders, a full-service commercial construction company that began building in the Valley for nearly 40 years, has been purchased by a group of investors led by Nate Lowrie, who hails from a multi-generational Arizona family. Lowrie will become CEO of Bjerk Builders, which has completed over $750 million in projects since it was founded in 1986. The terms of the … [More]
Builder Debuts Season 2 of Multifamily Podcast
Mark-Taylor Companies, a leading luxury multifamily developer, owner, manager and consultant in Arizona and Nevada, is proud to announce Season 2 of the Multifamily Forward podcast. As the economic landscape continues to evolve, Multifamily Forward discusses expert insights and strategies essential for navigating today's dynamic multifamily and real estate market. Presented by … [More]
Premier Rental Development Begins Leasing in North Phoenix
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Amavi Aster Ridge, a single-family build-to-rent community that closely borders the thriving Anthem neighborhood of North Phoenix. Amavi Aster Ridge offers a mix of 177 two- and three-bedroom townhomes … [More]
Design Projects: Fit to Execute?
One rarely discussed aspect of interior design that is actually incredibly common is being hired to pick up where other design teams have left off. It’s so common, in fact, that our firm has created a specific service distinction for the offering: SOS Services. From property positioning to design, floor plan rework to drawing completion, budget review to engineering value, … [More]
Eastgate Plaza Breaks Ground in Mesa
Scottsdale-based Diversified Partners, a real estate brokerage and development company, recently broke ground on Eastgate Plaza in Mesa. The 17-acre mixed-use development at the northeast corner of Elliot and Ellsworth roads in Mesa is located north of the Eastmark master-planned community and near the growing Mesa Tech Corridor. Confirmed tenants include a new drive-thru … [More]
Major Queen Creek Shopping Center Reaches Leasing Milestone
Vineyard Towne Center, a 260,000-square-foot project being developed in two phases by Vestar, one of the leading privately held shopping center owners and managers in the western United States, has achieved a significant milestone in reaching nearly 100% leased for Phase I within a few months of completing construction. Specialty grocer, Sprouts Farmers Market, was the first … [More]
Construction Begins on Master-Planned Community in North Scottsdale
Award-winning real estate development firm Optima® is partnering with Mitsui Fudosan America, Inc. for the development of the first building within its newest Arizona residential development, Optima McDowell Mountain Village™, located on 22-acres on the southeast corner of Scottsdale Road and the Loop 101 Freeway in North Scottsdale. The first building, which broke ground last … [More]
Attainable Communities Break Ground in Glendale
Scottsdale-based Greenlight Communities, a real-estate developer dedicated to constructing attainable workforce rental housing, recently broke ground on two projects in Glendale. This project will be Greenlight’s first to offer an affordable Streamliner and attainable Cabana community on adjacent sites. Streamliner Aldea will bring 282-new apartment units and Cabana Aldea will … [More]
Market-Rate Development Breaks Ground in Mesa
Chicanos Por La Causa, one of the largest community development corporations in the nation, recently broke ground on a new mixed-used, market-rate development in Mesa focused on Light Rail transit and community within walking distance of the Downtown area. The Residences on Main will feature nearly 200 apartment units and 19,000 square feet of retail space to promote a … [More]
Arizona Is a Magnet State for Domestic Migration
Relocating to a neighboring town for an extra bedroom doesn’t seem to cut it anymore for many Americans. Whether seeking better jobs, friendlier housing markets or more bang for the buck in general, an increasing number of people are taking the longer route to their new homes. Interstate moving is, in fact, at an all-time high, with a record-breaking 8.2 million Americans … [More]
