The Phoenix City Council approved changes to the Phoenix City Code that will streamline the plat approval process, reducing the time customers will wait to receive final approval by approximately 30 days. The amended code will accelerate the building of affordable housing and other developments in … [More]
Development Co. Is Transforming Former Motorola Site in Phoenix
The final phase of demolition has begun on the 72-acre, former Motorola semiconductor manufacturing campus located at 52nd Street, Loop 202 and McDowell Road in Phoenix. The site is located minutes from Phoenix Sky Harbor Airport, Arizona State University, downtown Phoenix, and Scottsdale. Beginning in the 60’s, this Motorola semiconductor facility was one of the first … [More]
Real Estate Co. Promotes Broker to Principal, Bringing Restaurants, Retail and Hospitality into Focus
Edge Realty Partners announced that LeDonna Spongberg has been promoted to Principal at the commercial real estate firm. Spongberg, who joined Edge’s Phoenix office in 2021, was most recently a Senior Vice President. She spearheads Edge Southwest’s Premiere property and hospitality division which focuses on working with hotel landlords, restaurant and specialty tenants with … [More]
Valley Construction Co. Honored with Build Arizona AGC Award
Sundt Construction recently won a Build Arizona award for its Zone 3D and 4A Improvements Program: Water Transmission Main Segment 2 project. The award is given each year by the Arizona Chapter of the Associated General Contractors of America. “We’re honored to receive the Build Arizona award for this critical, public project,” said Jeff Hamilton, vice president and business … [More]
Phoenix-Mesa Gateway Airport’s $28 Million, 5-Gate, 30,000-SF Terminal Addition Opens
General contractor McCarthy Building Companies recently completed construction of the Phoenix-Mesa Gateway Airport’s (Gateway Airport) new 30,000-square-foot, five-gate terminal modernization project. The approximately $28 million project replaces a 14-year-old temporary passenger terminal annex, originally purchased in 2008 to accommodate airport’s increased flight … [More]
CRE Co. Bolsters Property & Facilities Management Team
Plaza Companies has added to its organizational strength by adding and promoting members of its Property & Facilities Management Team. The company has promoted Scott Rubin to Executive Managing Director of Asset Management, where he will oversee the Property & Facilities Management team. Rubin has been with the Plaza Companies for more than 15 years, and currently … [More]
New Mixed-Use High-Rise in Roosevelt Row Hits Milestone
JE Dunn Construction and Hatteras Sky announced a major milestone, as its newest development in Phoenix, Saiya, celebrated its official “topping out” last month. The 23-story apartment high-rise project, located at First Avenue and West McKinley Street, broke ground in July 2022. Saiya will feature 389 residential units, 12,550 SF of street-level retail, and amenity spaces that … [More]
Scottsdale Development Co. Breaks Ground on Part of the Expansive Eastgate Plaza in Mesa
Diversified Partners, the leading Scottsdale real estate brokerage and development company, is proud to announce the groundbreaking for its expansive Eastgate Plaza, a 17-acre mixed-use development at the northeast corner of Elliot and Ellsworth Roads in Mesa, Ariz. The groundbreaking ceremony, held on Jan. 31, garnered significant attention, drawing a diverse audience that … [More]
Greenlight Communities Promotes New President of Greenlight Construction
Greenlight Communities, the Arizona-based developer dedicated to constructing attainable and affordable rental housing, is pleased to announce new leadership as Traci Wendelboe has been promoted to the role of President of Greenlight Construction. Wendelboe’s promotion is yet another example of the tremendous growth that has taken place at Greenlight over the last six … [More]
Builder Opens Another Community in Metro Phoenix’s Most Desirable City
KB Home announced the grand opening of its newest community, Mystic Vista Traditions, in desirable Buckeye, Arizona. The new homes are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. Mystic Vista Traditions’ one- and two-story homes offer up … [More]
Construction Begins on Urban-Appeal, Master-Planned Community in North Scottsdale
Award-winning real estate development firm, Optima®, is partnering with Mitsui Fudosan America, Inc., (“MFA”) 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 will … [More]
Partnership Brings Celebrity Chef to New Camelback Corridor Office Project
In the latest evolution of its revolutionary Bond office redevelopment, Phoenix-based developer George Oliver has partnered with award-winning chef and entrepreneur Mark Tarbell to run all food and beverage services at the developer’s latest hospitality-inspired office transformation, located in the heart of Phoenix’s Camelback Corridor. The agreement further establishes Bond … [More]
Global Software Solutions Provider Relocates to New Tempe Office amid West Coast Expansion
Chetu, a leading provider of world-class software development and support services, is excited to announce the opening of its new, larger office in Tempe, Arizona. This strategic relocation comes in response to the company’s sustained growth and commitment to meeting the demands of the West Coast tech scene. With 14 offices throughout the U.S., United Kingdom, and India, … [More]
Agency Relocates to Downtown Phoenix
ON Advertising and RED Development announced that ON Advertising is relocating to a 14,400 square foot office in RED Development’s premier CityScape tower in the heart of downtown Phoenix. ON Advertising’s move is happening just as the firm celebrates 30 years in business. ON Advertising is a full-service agency that offers strong visual branding and storytelling along with … [More]
Tempe-Based General Contractor Announces New Ownership, Executive Leadership
Sun State Builders, a Tempe-based general contractor that has operated in Arizona for more than 50 years is now under new ownership. Mike Forst and Andrea Piering will become sole owners, as the company’s Founder and CEO Jim Chamberlain retires from the company’s day-to-day operations. Forst will now serve as CEO and Piering as president. Chamberlain will continue to partner … [More]
Sleep Inn Tempe Successfully Transforms into Thriving Student Housing Development
In a landmark transaction, the Sleep Inn, located in Tempe, has been acquired by a prominent student housing developer, marking the beginning of an exciting new chapter for the property. The 72-room hotel, strategically situated on 1.38 acres, has been sold to a visionary developer, who plans to demolish the existing structure and erect a state-of-the-art, 7-story student … [More]
Record Levels of New Space Deliveries Drive Up Vacancy in Phoenix Industrial Market
Strong Absorption Expected Through 2024 with Continued Rental Rate Increases
The Greater Phoenix industrial market delivered a historic 27.9 million square feet of new space during 2023, which drove vacancy rates up in the area, according to a report released by Colliers in Arizona. Vacancy rose to 6.7 percent at the end of fourth quarter, which marks a 370 basis point rise year-over-year. Strong pre-leasing of those delivered developments helped … [More]
Homebuilder Expands in Verrado 55+ Community, Closes 145 New Homesites
Landsea Homes Corporation, a publicly traded residential homebuilder, announced it has closed on 145 new homesites in Victory at Verrado, a 55+ active adult neighborhood in the Verrado master-planned community located in scenic Buckeye, Arizona. These new homes will be an extension of Landsea Homes' existing Skye Ridge at Victory neighborhood, which is almost sold out. "Our … [More]
