Five cities in Arizona were recently listed among the 15 top fastest-growing cities in the U.S. – Queen Creek, Buckeye, Casa Grande, Maricopa, and Goodyear. As a result of rapid growth in metro Phoenix, the city launched an Adaptive Reuse Program, which is one of the most comprehensive programs of its kind. While growing economic vitality, the program encourages developers to … [More]
Community Park Second Phase Opens in Expanding Valley City
Willmeng Construction and the City of Buckeye celebrated the completion of Sundance Park Phase II and showcased the expanded park to the public with three days of events on Sept. 15-17. Sundance Park, located at 22865 Lower Buckeye Rd., is now 68 acres in total with the addition of the 38 acres of Phase II and features Buckeye’s first public fishing lake. “This project is a … [More]
Expanding CRE Co. Brings Four Industry Leaders from JLL to Solidify Office Leasing Team in Phoenix
Stream Realty Partners has recruited a seasoned four-broker office leasing team with nearly eight decades of combined commercial real estate experience to build a best-in-class operation in Phoenix. Managing Directors John Bonnell and Brett Abramson, Senior Vice President Chris Latvaaho and Vice President Chris Beall join Stream Realty, a national commercial real estate firm … [More]
Vestar and Arizona State University Partner to Launch First-Ever ‘Cool Pavement Project’ at a Commercial Shopping Center
Vestar, one of the leading privately held shopping center owners and managers in the western United States, has joined forces with Arizona State University’s (ASU) Southwest Integrated Field Laboratory (SW-IFL) to launch the first-ever ‘Cool Pavement Project’ at a commercial retail center. The partnership comes on the heels of this summer’s record-breaking heat and aims to … [More]
Texas Property Management Co. Acquires More Multifamily Units to Their Metro Phoenix Portfolio with Award-Winning Property in Gilbert
Olympus Property, a renowned real estate investment and property management company, proudly announces the successful acquisition of Aiya, a 360-unit garden-style community nestled in the heart of Gilbert, AZ. Crafted in the image of a high-end resort, this Class A newly developed property is widely regarded as Gilbert's top retreat and has earned recognition by the National … [More]
A Suburban Luxury: New Townhome Rental Housing in Surprise
Mark-Taylor Residential is pleased to introduce Sierra Verde, a brand-new development featuring luxury townhomes. In collaboration with Sunstone Two Tree, this build-to-rent community is addressing the need for multifamily housing options in the rapidly expanding market of Surprise, Ariz. Located at 15240 N 142nd Ave with direct access to Loop 303, Sierra Verde offers two- and … [More]
Los Angeles Capital Co. Expands to Arizona, Hires Executive
WAY Capital, a leading commercial real estate capital markets advisor, announces the opening of a satellite office in the Phoenix, Arizona area and the hiring of RJ Opeka as Head of Agency Finance. In his new role, Opeka will oversee WAY Capital’s joint venture with Regions Bank to provide multifamily loan programs of Fannie Mae and Freddie Mac. He works out of WAY’s new … [More]
Evergreen Devco Breaks Ground on First Industrial Project in Arizona
Evergreen Devco, Inc., a leading retail, multifamily and industrial development company, announced the groundbreaking of its first-ever industrial development in Arizona. The 9.4-acre site located northeast of the intersection of Litchfield Road and Desert Cove Road in Surprise will soon be home to a state-of-the-art 168,000-square-foot industrial building. Industrial … [More]
Colorado Builder Announces New Home Collection at Established Community in Buckeye
Century Communities, Inc., a top 10 national homebuilder, industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2023—revealed that the company has added a new home collection to Village at Sundance in Buckeye, conveniently located west of Phoenix with quick access to I-10. Now selling … [More]
New President Named at Kitchell Contractors
Chris Kirch was recently named President of Kitchell Contractors Inc., taking the reins of one of the oldest commercial building contractors in the Southwest as it moves into a new era of leadership. “We are experiencing unprecedented innovation and growth as it relates to how and what we build,” said Kitchell President & CEO Wendy Cohen. “As someone who has lived this … [More]
The Strength of Arizona’s Multifamily Market
The Arizona multifamily real estate market remains one of the hottest in the country and the demand is only rising. The market’s success can be attributed to a perfect trifecta of conditions: tremendous population growth, an exceptionally strong job market and a diminished single-family housing supply that has kept Arizona as the multifamily darling of the real estate world. A … [More]
Construction Trends
The building industry has taken several major hits in the last few years — COVID shutdowns followed by labor and supply shortages, the ongoing climate crisis and economic changes are just a few — and because of that, it’s an interesting area to look at for trends. People innovate when they need to problem solve, and each of these setbacks has brought forth exciting new advances … [More]
Housing Will Replace Iconic Paradise Valley Church
New single-family housing will be built on the five-acre site of the iconic Ascension Church in Paradise Valley, after business partner of celebrity chef Gordon Ramsey purchased the church for $11 million — $500,000 over asking price. The church’s close proximity to the $2 billion Ritz Carlton Paradise Valley project puts it at the center of an increasingly popular and growing … [More]
Dominium Developing Affordable Apartment Homes in Goodyear
Dominium, a leading affordable housing owner, developer and manager, recently closed on the approximately 28-acre site located at 16985 W. Van Buren Street in Goodyear, where it plans to construct 657 new affordable apartment homes for low-income families and seniors. Once constructed, Estrella Springs and Suncrest Vista at Canyon Trails will provide a combined total of 396 … [More]
Redevelopment at Scottsdale Fashion Square Progresses with More Retail Space for Men, More Dining
Macerich, one of the nation’s leading owners, operators and developers of high-quality retail and mixed-use properties in top markets, detailed progress for its current redevelopment of the south wing at Scottsdale Fashion Square, including more experiential dining and more retail space dedicated exclusively to men. During Macerich’s Q2 2023 earnings call with analysts, … [More]
Visiquest Properties’ 59 Evergreen Community Earns AMA Honors
It took vision (and five years) to transform a nearly 50-year-old, partially completed townhome project into a modern, award-winning multifamily community. Where countless developers saw the former Las Casas Contentas subdivision as a partially abandoned lot and aging eyesore along 59th Avenue in Glendale, Visiquest Properties saw an opportunity to bring a best-in-class … [More]
Arizona Housing Fund Partners with Multifamily Industry to Fund Affordable Housing Projects
Arizona has a homelessness crisis and members of the Arizona Multihousing Association are coming together to launch the Arizona Housing Fund Application Donation program, a voluntary initiative to help fund more affordable housing for those who need it most. Participating multifamily property owners and management companies are donating $5 for every lease application they … [More]
Renowned Restaurant Group Named Culinary Provider at Esplanade
The ownership team behind the $45 million renovation and enhancement of the Esplanade campus—one of Phoenix’s most prestigious mixed-use office destinations—is pleased to announce its newest partnership with DMK Restaurants as its hospitality and culinary provider. This partnership advances upgrades in progress to four office buildings and the addition of 30,000 square feet of … [More]
