TerraCap Management LLC, a privately held investment firm headquartered in Naples, FL, announced today the acquisition of Valley Vista, a 262k square foot three-property industrial portfolio spread across the Phoenix, AZ metropolitan area. The three single-story buildings are located in the dense submarkets of Chandler, Tempe, and south of the Phoenix Sky Harbor Airport. The … [More]
Partnership Brings Expansion of Old Town Scottsdale Office Presence
Phoenix-based developer George Oliver, in partnership with Ascentris, has announced the $42.25 million acquisition of 7272 E. Indian School Rd., a 165,220-square-foot office building in Old Town Scottsdale, Arizona. The purchase, which follows the partnership’s mid-2024 acquisition of 4141 and 4167 N. Scottsdale Rd., expands the companies’ Old Town Scottsdale footprint to over … [More]
Developer Acquires Property Near Sky Harbor, Plans to Redevelop to Class A Industrial
GO Industrial, a Phoenix-based development firm known for its design-centric approach and location-first strategy across the Western United States, has successfully acquired a 9.4-acre infill parcel in the highly sought-after airport market. The acquisition was made in partnership with Clarion Partners. Located at 3050 S 35th Street along University Drive, the parcel sits on … [More]
Glendale New-Build Divisible for Small Businesses
Tempe-based Sun State Builders, a leading design-build general contractor, recently began construction on a ground-up build for WorkBay, a company that provides flexible workspace for small businesses. Located in Glendale at 7915 N. Harbor Blvd., the project is comprised of five buildings totaling 80,082 square feet, each to be divided into separate, smaller spaces that will be … [More]
Affordable Housing Integrates Workforce Development
Phoenix Scholar House, a first-of-its-kind affordable housing community that combines housing with workforce development and is specifically tailored for single parents pursuing higher education, broke ground in November at 2950 North 18th Place in Phoenix. It will feature 56 apartment units, offering residents access to educational resources and career support. This project … [More]
Discount Tire Acquires Desert Ridge Corporate Center in Phoenix
Leading Retailer Has Been Tenant at 12-acre Campus Since 2019
Discount Tire through its affiliated real estate division, Halle Properties, LLC, closed on the purchase of Desert Ridge Corporate Center I and II in Phoenix. Desert Ridge includes 275,208-square-feet of multi-tenant use office space across two four-story office buildings originally constructed in 2005 and 2007. Discount Tire currently occupies an entire floor at Desert Ridge, … [More]
Mixed-Use Neighborhood Designed Car-Free
Culdesac, located in Tempe, is the first car-free neighborhood built from scratch in the U.S. The design for Culdesac Tempe was non-conventional from the very start at both the community and building scales, and it has not changed a lot since its inception. Culdesac, a real estate developer and property manager, not only wanted to deliver car-free, mobility-rich living, but … [More]
Arizona Builders Deliver Thousands of Toys to Kids in Need
Arizona’s 2nd largest toy drive brought holiday cheer to children across the state
Arizona Builders Alliance (ABA) with the help of construction industry workers across the state helped make a difference in the lives of over 3,000 children in need this holiday season through the 15th Annual Community Service Board's 2024 Toy Drive. Over 150 Arizona construction companies and individuals collected the mountain of toys, gifts, and approximately $45,000 in … [More]
Phoenix Selects Arizona-Based Architectural Firm for Resource Innovation Campus
Phoenix City Council selected Arizona-based architectural firm Krause as the winner of the C40 Cities Reinventing Cities Initiative to develop Phoenix’s Resource Innovation Campus. The Council voted to enter into a contract with Arizona-based architectural firm Krause to develop Phoenix’s Resource Innovation Campus. Through its design, Krause and their collaborators will … [More]
P.B. Bell Names New CEO
P.B. Bell, a leading multifamily real estate company, recently appointed Justin Steltenpohl as its new CEO, effective Jan. 1, 2025. This announcement comes alongside other recent leadership hires and appointments, showcasing the company’s commitment to ensuring its continued success and longevity. Chapin Bell, the owner of the company, will remain involved as Chairman of P.B. … [More]
Arcadia Shopping Center Transforms with New Tenants and Modern Upgrades
Westwood Financial, a more than 50-year-old leading retail real estate investment firm based in Los Angeles, announces the opening of Derma Health at Camelback Village in Phoenix’s Arcadia neighborhood. In addition, LaLa Land Kind Cafe has signed a lease at the center and will open in 2025. With this latest momentum, Camelback Village is now 100% leased. Since launching a … [More]
Builder Acquires Land to Develop 599 Affordable Apartment Homes in Surprise
Dominium, a leading affordable housing owner, developer and manager announced that it has closed a deal to acquire land for the development of a new community of affordable housing in Surprise, Arizona. Dominium plans to use the land located at 13500 N Cotton Lane in Surprise to construct Arterra and Orchard Springs, new high-quality housing communities for low-income families … [More]
Developer Completes 418,000 SF Distribution Center in Surprise
Rockefeller Group announced today that it has completed construction of a 418,400 square foot distribution center on 24 acres in Surprise, Ariz., part of the Southwest Valley industrial submarket. Surprise Pointe Commerce Center can accommodate one to four tenants and offers 36-foot clear height, 80 dock doors, a 190’ truck yard, 103 truck trailer parking stalls, 466 … [More]
City of Phoenix Breaks Ground on New Affordable Homes in Garfield Neighborhood
The City of Phoenix, in collaboration with Trellis Community Development, proudly announces the groundbreaking of a transformative affordable housing project in the Garfield neighborhood. This initiative, part of the City's commitment to expanding homeownership opportunities, will bring 10 new affordable and sustainable single-family homes to the community. “This … [More]
Renovations at Iconic Gilbert Water Tower Plaza Come to Life in Time for the Holidays
The iconic Gilbert Water Tower Plaza is coming to life once again, just in time for the holidays. The Town of Gilbert and Willmeng celebrated the reopening of the updated Water Tower Plaza with a public event and the ceremonial Lighting of the Water Tower on Monday, December 16. This revitalized community space, located in the heart of the Heritage District, now boasts a range … [More]
Six New Tenants to Open in Scottsdale 101, Sonora Village and Pima Crossing in 2024
YAM Properties is welcoming six new tenants at three of its shopping centers, Scottsdale 101, Sonora Village and Pima Crossing. These new tenants include a mix of health and wellness centers, restaurants and retail. “We’ve seen so much growth throughout 2024, and we are excited for these new tenants to become part of our Scottsdale properties,” said Marta Kenny, director of … [More]
National Builder Joins Roster of Homebuilders for Community’s First Village of Floreo
Howard Hughes Holdings Inc. announced the addition of Meritage Homes to the roster of homebuilders at Teravalis™, the company’s new community located in the Phoenix West Valley. Meritage joins Brightland Homes, Century Communities, Courtland Communities, KB Home, Lennar and New Home Co. as homebuilders for Floreo, the first village of Teravalis. Floreo is under development, … [More]
Renovations, New Tenants Coming to Broadway Mesa in Mesa Asian District
Long-time Valley commercial real estate owner Mekong Real Estate Investment Group has secured the first of several anticipated new lease commitments at Broadway Mesa, a 183,535-square-foot retail center slated for a major renovation in the heart of Mesa, Arizona’s popular Asian District. Located at 1920 W. Broadway Rd., at the northeast corner of Dobson and Broadway roads, the … [More]
