Martens Development, a Scottsdale-based development firm that is active throughout the Phoenix market, and its general contracting partner Willmeng Construction broke ground on a Class A industrial development, Mission Park. This two-building, 723,508 square foot Class A industrial park is located at the I-10 and Perryville Road in Buckeye, which is an emerging industrial … [More]
28-Story PALMtower Residences at Arizona Center in Downtown Phoenix Celebrates Milestone
Clayco celebrated the topping out of PALMtower Residences at The Arizona Center this month. Developed by North American Development Group and designed by Will Bruder Architects in collaboration with Lamar Johnson Collaborative, the 28-story structure is scheduled for completion in early 2024 in downtown Phoenix. Located at 440 East Van Buren Street, the building will contain … [More]
Phoenix Is Tops in Manufacturing Leasing Activity for Emerging Markets, Says Report
Over the past few years, industrial markets have grown dramatically. Several markets like Phoenix have emerged as growth markets, and they are becoming strategically important for operations, as well as attractive opportunities for industrial investors. Cushman & Wakefield recently examined national industrial leasing statistics from 2020-2022 to see which markets, outside … [More]
Scottsdale Development Firm Closes on Land for First Development, Plans 20-Home Infill Project
Diversified Future recently closed on the purchase of 4 acres with plans to develop the company’s first project – an infill community of 20 single-family homes for sale. The parcel located in Phoenix at 34th Street and Tierra Buena Lane will be the future site for 34th Street Manors. The company is projected to receive final plat approval on the project by December … [More]
Strategic Innovation
Most consumer-related business decisions can arguably be simplified down to one main goal: competitive advantage. The four main types of competitive advantage are cost leadership, differentiation, defensive strategies and strategic alliances. Specifically for our multifamily clients, all four of these strategies are directly related to the strength of the client’s amenity … [More]
Chandler Airpark Tech Center Coming Online
Premier design-build firm LGE Design Build, in partnership with Clarius Partners, recently completed construction of phase one of Chandler Airpark Technology Center, a 26.29-acre industrial development located on the southwest corner of Gilbert and Ryan roads. Phase two is now underway, with completion expected in November. The first 13.79-acre lot is under Planned Area … [More]
West Summit Logistics Park Breaks Ground in Surprise
Mohr Capital, as project developer, and Rosewood Property Company, as equity partner, recently kicked off construction on West Summit Logistics Park, strategically located in the established industrial submarket of Surprise, Arizona. The logistics park will consist of two Class-A industrial buildings totaling 704,472 square feet across 46 acres of land. Ware Malcomb serves as … [More]
Buckeye Industrial Building Expands Tempur-Pedic’s Metro Phoenix Footprint
Lincoln Property Company’s Southwest division, LPC Desert West, and partner Goldman Sachs have signed leading mattress and pillow maker Tempur-Pedic to a full-building pre-lease at Buckeye85, located in the heart of Phoenix’s I-10 Corridor. The lease brings the $60 million, state-of-the-art warehouse and distribution project to 100% occupied prior to completion of … [More]
Land Planning Consulting Firm Launches New Podcast
Upfront Planning & Entitlements, Inc., a woman-owned firm that provides consulting services to both public and private sector clients, is launching a podcast, “Upfront Planning Podcast.” Ten episodes already have been recorded and two will be released this week. “It’s a great lineup of guests on each episode and I’m confident the podcasts will resonate with … [More]
Boutique Residential Real Estate Co. Tapped to Sell Builders Luxury Communities
Camelot Homes has selected The Brokery to handle sales for two new Valley luxury communities, Willow in North Central Phoenix and Aura in North Scottsdale near the Mayo Clinic. This is a continuation of the relationship between the local residential real estate brokerage and the award-winning luxury homebuilder. In 2021, The Brokery first partnered with Camelot Homes to manage … [More]
Homebuilder Announces Grand Opening of Newest Community in Queen Creek
KB Home announced the grand opening of The Enclaves at Sonrisa, a new community of single-family homes in Queen Creek, Arizona. The new homes at The Enclaves at Sonrisa are designed for the way people live today, with popular design features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The … [More]
Single-Family Development Will Add 177 Townhomes to North Phoenix
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Amavi Aster Ridge, a single-family build-to-rent community adjacent to the Anthem neighborhood of North Phoenix. The community, which will offer a mix of 177 two- and three-bedroom … [More]
Phoenix City Council Authorizes Development Agreement to Negotiate New Republic Services Headquarters
Republic Services, Inc., a leader in the environmental services industry, has committed to relocating its corporate headquarters to a new, customized build at CityNorth, in the Desert Ridge area of Phoenix. This location is just minutes from the company’s current headquarters. Approximately 1,000 team members will work at the new campus. “Republic Services is one of … [More]
Development Co. Begins Construction on Eight-Building Industrial Complex in Mesa
Silver Creek Development, a private real estate development and investment group, has commenced construction on an eight-building, 330,000-square-foot industrial complex in Mesa. Sossaman Business Campus will be built on a 26-acre site at the intersection of Sossaman and Elliot roads, across from Google’s $800 million data center campus. “As many people know, the Greater … [More]
Downtown Phoenix Multifamily Redevelopment Site Sells for $12M
Approximately 1.0-acre high-rise apartment redevelopment site in downtown Phoenix has sold paving the way for another multufamily high-rise. The buyer, Masyno Holding LLC, Anthony Bibars and Kal Bibars as Principals, acquired the transit-oriented property located at the northwest corner of 1st and McKinley streets for $12 million / ±$276 per land square foot. Bound by three … [More]
Newly Renovated Downtown Office Tower Continues to See Strong Leasing Activity
The transformation of Renaissance Square turned the aging downtown Phoenix landmark building into a modern, amenity-rich office destination. In a market where office buildings struggle to find tenants, Renaissance Square is bucking the trend, recently attracting a national tenant, Food for the Hungry, to a brand new, 29,000 square foot space with the option to expand to 45,000 … [More]
Televerde Relocates to Innovative Office Space in Central Corridor, Priming for Strategic Growth
Televerde, a global revenue creation partner supporting marketing, sales, and customer success for B2B businesses around the world, announced its move to a new office space located in the heart of midtown Phoenix at 2800 North Central Avenue. This relocation, a testament to Televerde's flexibility and adaptability, is part of an ongoing effort to adapt to the … [More]
Canada-Based XNRGY Lands Financing for First Phase of 1 MSF Factory in Mesa
Canada-based XNRGY Climate Systems has obtained construction financing for the first phase of its U.S. headquarters in Mesa, Ariz. Development partner The Boyer Co. provided the necessary funds, including additional options for the project’s expansion to a total of 1 million square feet. XNRGY’s total investment volume is estimated at $300 million and the plant is expected to … [More]
