Arizona Land Consulting, the Valley’s leading, female-owned real estate consulting firm, announced its purchase of 600 acres in Pinal County. The newly acquired property considered the “Gateway into Casa Grande,” located on the I-10/Florence, marks the first purchase since the firm’s recent record-breaking $136 million closing, a 240% return for its investors in two … [More]
Land and CRE Consulting Firm Acquires 600 Acres; Plans Build-for-Rent, Light Industrial, Data Center
Builder Breaks Ground on Two New Projects, Completes Warehouse Offices in North Phoenix
Sun State Builders, the leading design-build general contractor broke ground on two new industrial office projects – one in Glendale and one in Phoenix. The company also finished construction on a new warehouse office space at the Deer Valley Technology Park in North Phoenix. Construction is now underway in Glendale on a ground-up build for WorkBay, a company that provides … [More]
Construction Set to Begin on New Affordable Rental Community in Tempe
Greenlight Communities, the Scottsdale-based developer dedicated exclusively to building attainable and affordable rental housing without relying on government subsidies, is proud to announce the closing of its first community in South Tempe. Situated at the southwest corner of Guadalupe and Kyrene Roads, at 515 West Guadalupe Road in Tempe, Cabana Kyrene represents a vital … [More]
Hilton Phoenix Resort at The Peak Sells, Plans Set to Elevate Property
It was known as the Pointe when it opened nearly 50 years ago, nestled in Piestewa Peak near 16th Street and Northern. Today this resort, at the crossroads of the Valley, has a new owner and a new future. Phoenix based Pivotal Group has purchased The Hilton Phoenix Resort at the Peak. New York’s Fortress Investment Group was the seller. The $100 million acquisition and … [More]
World’s Leading Guitar Manufacturer Breaks Ground on New Arizona Co-Headquarters at PV
RED Development joined Fender Musical Instruments Corp., the world's leading guitar manufacturer, yesterday for a groundbreaking ceremony to mark the start of construction on its new Arizona co-headquarters in a fully dedicated facility slated to open in 2025 at PV, the more than $2 billion multi-phase, multi-year redevelopment of the former Paradise Valley … [More]
Family Fun Center Signs Lease for Scottsdale Location
Western Retail Advisors has completed a 50,000-square-foot lease that will soon establish the latest metro Phoenix location for the fast-growing family fun park concept. The new Slick City will sit at 9189 Talking Stick Way, within The Pavilions at Talking Stick, a 1.3 million-square-foot power center occupying more than 128 acres along the Loop 101 near Indian Bend Road in … [More]
Industry Veteran Promoted to President and COO of Sundt Construction
Sundt Construction, Inc. has promoted construction industry veteran Cade Rowley to President and Chief Operating Officer. In his new role, Rowley will serve as leader of all operational strategy and execution, overseeing each of the company’s seven business units. Mike Hoover, Sundt’s President and CEO since 2016, will continue to serve as CEO and Chairman of the Board of … [More]
The Missing Middle: An Innovative Approach for Affordable Housing
“Attainable” housing is the most in-demand housing type, yet it rarely grabs headlines — or gets built. According to the commercial real estate research firms Yardi Matrix and CoStar, more than 90% of the rental units being built in the Phoenix area are financially feasible for only the roughly top 20% income bracket, while about 5% of rental units being built are … [More]
Mesa Data Center to Use Waterless Cooling Technology
Haydon, a leading full-service general contractor with over 30 years of experience in the Southwest, officially broke ground on a highly advanced data center for Edged Energy, a fast-growing sustainable infrastructure provider. Due for completion by November 2026, the 210,000-square foot facility will use the ThermalWorks ultra-efficient waterless cooling technology system to … [More]
If You Build It: Private Industrial Developers Boost Phoenix Infrastructure
Behind the Phoenix area’s industrial boom in recent years is a web of infrastructure supporting it — some of it visible, some not, but all crucial to the region’s future. These private infrastructure improvements, though requiring significant financial investments, empower developers to attract high-profile, sophisticated tenants from diverse industries. This, in turn, will … [More]
Extensive Infrastructure Supports The Cubes at Mesa Gateway
The Cubes at Mesa Gateway, a 256-acre industrial park developed by CRG, includes 1.7 million square feet of industrial facilities built to date, with 63 acres left to build. CRG acquired the property in 2021 with plans for the largest master-planned, development-ready industrial park ever delivered in Phoenix’s Southeast Valley submarket. To date, CRG has made $27 million in … [More]
Dallas Development and Investment Firm Set to Break Ground on Glendale Industrial Site
Provident Industrial, a division of Dallas-based Provident, is set to break ground on a fully entitled industrial site located at 6550 W. Orangewood Avenue, Glendale, Arizona. The development, known as Orangewood Commerce Center, is located just 10 miles northwest of downtown Phoenix, with convenient access to U.S. 60 (0.5 miles) and the Loop 101 Freeway (4 miles). The … [More]
Homegrown Arizona Apparel Co. Triples Tempe Corporate Headquarters
The Phoenix office of JLL announced it has completed a 96,407-square-foot lease for Branded Bills, a rapidly expanding, homegrown Arizona company offering a range of hat and apparel products featuring a trademark, hand-forged leather patch. Located at 360 S. Smith Rd. in Tempe, Arizona, the lease relocates and triples the size of the Branded Bills headquarters, consolidating … [More]
National New Home Builder Joins Roster for Master-Planned Community’s First Village
Howard Hughes Holdings Inc. announced the addition of New Home Co. to the roster of homebuilders at Teravalis™, the company’s new community located in the Phoenix West Valley. New Home Co. joins Brightland Homes, Century Communities, Courtland Communities, KB Home and Lennar as homebuilders for Floreo, the first village of Teravalis. Floreo is under development, slated for a … [More]
Reimagined Paradise Valley Mall Sets Opening Date of First Residential Property
AVE, the residential real estate brand of Korman Communities, in partnership with RXR, announces the opening date of AVE Paradise Valley (12400 North Tatum Boulevard), a new elevated apartment community located in the reimagined Paradise Valley Mall development. The property will open on Nov. 15, 2024, and is now accepting applications. The state-of-the-art, mid-rise building … [More]
Iconic Mall Set for Demolition, Redevelopment Begins Soon
Phoenix’s most iconic mall is on its way to becoming the largest mall redevelopment project in Arizona’s history. Concord Wilshire Capital and TLG Investment Partners, the Developer, announced that the Abatement and Demolition of the Metrocenter Mall, including the Dillard’s and U-Haul Buildings (formerly Macy’s), have commenced, and it has formed a partnership with Diversified … [More]
Home Builder Breaks Ground on 90 Homesites for a New ‘High Performance’ Mesa Community
Landsea Homes Corporation, a publicly traded residential home builder, announced that it has begun development on 90 homes for a new community called Rialta in Mesa, Arizona. “The groundbreaking of Rialta extends Landsea Homes’ presence in a highly sought after location within the City of Mesa,” said Todd Condon, Arizona Division Vice President of Sales and Marketing, … [More]
CRE Firm Closes on Key Industrial Property in Burgeoning Phoenix Submarket
Stos Partners, a leading commercial real estate investment and management firm specializing in the value-add space, announces its closing of 236 and 240 North 48th Avenue in Phoenix. The 5.3-acre property includes two freestanding industrial warehouse buildings totaling 94,836 square feet. The transaction marks Stos Partners’ seventh industrial acquisition in Phoenix as the … [More]
