Estrella Springs. Image Credit: Max Wave Media Dominium, one of the nation’s leading owners, developers and managers of affordable housing, is holding a grand opening of 308 units of affordable housing for working families in South Phoenix on October 24 and breaking ground on 657 units of both family and senior affordable housing in Goodyear on October 25. The Goodyear … [More]
Property Co. Breaks Ground on 2.4MSF Mega Industrial Project Near Luke Air Force Base
LPC Desert West, the Southwest arm of Dallas-based Lincoln Property Company (LPC), has joined with Maricopa County Board of Supervisors Chairman Clint Hickman, project partners and VIP guests to celebrate the groundbreaking of Luke Field, a $515 million, 2.4 million-square-foot Class A industrial development located adjacent to Luke Air Force Base in metro Phoenix. Being … [More]
Downtown Mesa Revitalization Progress Continues with Opening of 2nd Avenue Commons Housing Development
New Complex Brings Attainable Workforce Housing Solutions to a Booming Region of Maricopa County
CaliberCos Inc., a manager of real estate investments and developments, is accelerating the growth of a variety of housing solutions in the booming Downtown Mesa, Arizona, area. On Monday, October 16, Caliber executives alongside Mesa Mayor John Giles and Councilmember Jenn Duff, oversaw a ribbon-cutting ceremony for the 2nd Avenue Commons at 140 W 2nd Avenue. The Commons is a … [More]
Massive $184M Goodyear Industrial Deal Completed
Largest multi-building industrial business park acquisition in Arizona history
One of the country’s fastest-growing real estate development firms, Phoenix-based Creation, struck a deal with Prologis, Inc., the global leader in logistics real estate, for the $184 million sale of Airpark Logistics Center in Goodyear, marking the largest multi-building industrial business park acquisition in Arizona history. Located directly adjacent to Phoenix Goodyear … [More]
JLL Names Lead for Project and Development Services for Arizona, Nevada
Brings over a decade of experience to highly active construction and tenant improvement markets
JLL has announced the appointment of Alexis Lowell as Project and Development Services (PDS) market lead for Arizona and Nevada. With more than a decade of experience, she now serves some of the nation’s most active markets for new construction and tenant relocations and expansions. In her new role, Lowell will oversee a team of JLL experts delivering workplace strategy, … [More]
Suns and Mercury Announce $100M Team Campus and Practice Facility in Downtown Phoenix
The Phoenix Suns and Phoenix Mercury today unveiled plans for a new team member business headquarters and a dedicated state-of-the-art practice facility for the Phoenix Mercury. The groundbreaking project, a $100+ million investment and 123,000-square-foot development, driven by Suns and Mercury owner Mat Ishbia's commitment to the organizations’ foundational pillars of … [More]
Housing Developer Acquires 29 Acres for Single-Family Build-for-Rent Community in Glendale
Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced that the firm has closed on construction financing and the acquisition of 29 acres of land in the Phoenix suburb of Glendale, Arizona, for the development of Glendale BFR, a 320-unit build-for-rent (BFR) … [More]
Developer Expands Industrial Presence in Glendale with Groundbreaking of Industrial Campus
ViaWest Group, a leading Phoenix-based developer, and Willmeng Construction, a renowned construction company, celebrated the official start of construction for The Base, Phase I. This groundbreaking ceremony marks the beginning of the development of a state-of-the-art, 144-acre industrial campus in Glendale, one of the next major commerce parks in the West Valley. The Base is … [More]
The Necessity of Virtual Tours in Commercial Real Estate
In the fast-paced world of commercial real estate, staying ahead of the competition is imperative. Traditional methods of property management have evolved and a true game-changer has emerged: virtual tours. These immersive experiences are revolutionizing management and marketing tactics of commercial properties, providing a futuristic edge in an increasingly competitive … [More]
Reflections on Designing for Desert Life
The breathtaking grandeur of the Arizona desert has nourished many of the world’s foremost creative visionaries. Iconic designers and architects throughout history, including Frank Lloyd Wright, have drawn inspiration from the desert’s captivating blend of serenity and ruggedness. Since founding Studio 11 Design in 2011, the Studio 11 Design team has brought to life a number of … [More]
Industrial Need Generates Spec Development in Loop 303 Corridor
Sunbelt Investment Holdings Inc. has initiated development of more than one-half-million square feet of fully speculative warehouse, distribution and manufacturing space within the Loop 303 corridor in Goodyear. Working with general contractor Graycor Construction, SIHI recently debuted plans for Phase I of Camelback 303, which will be a 4-million-square-foot Class A industrial … [More]
Pacific Retail Capital Partners Expands into Arizona, Adding Tucson Mall to Its Portfolio
Pacific Retail Capital Partners, one of the nation’s leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, today announced it has assumed management and leasing responsibilities at Park Place in Tucson, Arizona. Park Place is a 1.1 million square foot fashion and entertainment destination, and … [More]
West Valley Retail Demand Brings Phoenix’s Agua Fria Plaza to 100% Leased
Institutional owner and investor Westwood Financial, Phoenix-based retail brokerage specialist Western Retail Advisors has completed a string of leases that bring the Agua Fria Plaza retail center in Phoenix’s West Valley to 100% leased. The center, which is located at the southeast corner of 91st and Olive avenues in Peoria, sits directly along the Loop 101 Freeway, just … [More]
New Developments Represent a $195M Investment, Add over 550 Single-Family Rental Units to Phoenix Market
Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets throughout the United States, announced plans to develop three new build-to-rent (BTR) communities in Arizona. The three communities will add more than 550 single-family rental homes to the Phoenix metropolitan area. Sunstone Two Tree now has nine BTR communities totaling close to … [More]
Construction Co. Marks Start of New Municipal Complex for City of Surprise
Willmeng and the City of Surprise kicked off work on a multi-faceted municipal project that will include a new fire station as well as a community pool and park. This project is located north of Cactus Road at Perryville Road in the fast-growing southwest portion of the City of Surprise. Fire Station 309, the Aquatics Center and park will be situated on the same site and will … [More]
96-Unit Affordable Housing Project at Bret Tarver Terrace Gets Financed
The Phoenix IDA recently provided $18.4 million in Multifamily Housing Revenue Bonds in support of Bret Tarver Terrace, a 96-unit affordable housing project that will be constructed on 3.42 acres on the southwest corner of McDowell Road and 31st Avenue in Phoenix. The project – named after a Phoenix firefighter who died in the line of duty – will include one-, two- and … [More]
MCO Realty Acquired by Top Arizona Brokers Louis McCall and Michael Gant
MCO Realty, a cornerstone of Fountain Hills' real estate landscape for the past four decades, has been acquired by esteemed Arizona real estate brokers Louis McCall and Michael Gant. This landmark acquisition marks a new chapter in the legacy of MCO Realty, which has been an integral part of Fountain Hills' identity and growth since its inception. "This acquisition is a … [More]
Landmark Camelback Corridor Buildings Sold by Lincoln Property Company for $72.1M
Lincoln Property Company’s Southwest division, LPC Desert West (LPC), has sold the landmark 3131 and 3133 Camelback to an entity of Presson Corporation, led by local investor Daryl Burton for $72.1 million. With a premier location at the southwest corner of 32nd Street and Camelback Road, in the heart of the Camelback Corridor, the project boasts the highest average occupancy … [More]
