The Forum at Gilbert Ranch, a 97,000-square-foot, Class A office campus in Gilbert, Ariz., sold to a private high-net-worth 1031 investor. CBRE’s Geoff Turbow, Anthony DeLorenzo, Matt Pourcho and Charlie von Arentschildt represented the private seller in the sale. The buyer was self-represented. The Forum at Gilbert Ranch is situated on 6.56 acres at 1472, 1482, 1528, and … [More]
Industry Veteran Brings 30 Years of Experience to Lead ABA’s Growth and Innovation
The Arizona Builders Alliance (ABA), a leading trade association for contractors in Arizona, announces Mark Stoller as its new Board Chairman for 2025. Stoller, currently the General Manager Southwest Division for GrayWolf, brings over 30 years of construction industry experience to this pivotal role. Stoller's appointment marks a significant milestone for the ABA, … [More]
Chandler’s $44.6 Million Reclaimed Water Interconnect Facility Completed
General contractor McCarthy Building Companies recently completed the $44.6 million Reclaimed Water Interconnect Facility (RWIF) for the City of Chandler. The facility treats water from the Salt, Verde and Colorado rivers and utilizes Chandler’s reclaimed water distribution system for delivery to several aquifer recharge sites owned by the city. The RWIF project is a membrane … [More]
Resort Developer Taps Internationally Acclaimed Architecture Firm for Scottsdale Luxury Residences
Replay Destinations, a leading developer of premier destination resort and residential communities, announced today its partnership with world-renowned architectural firm Olson Kundig on the final phase within Ascent at The Phoenician®—Summit by Olson Kundig—marking the firm’s inaugural condominium residential project in Arizona. Tucked at the base of Camelback Mountain and … [More]
State-of-the-Art Fulfillment Center Includes Advanced Technology and Truckers’ Lounges
Phoenix-based Stevens-Leinweber Construction recently completed a state-of-the-art Global Fulfillment Center for Illinois-based Parts Town Unlimited. Parts Town’s new operation spans 420,536 square feet, occupying all of Building B at C|303 Phase I, a 1.75-million-square-foot industrial development in Glendale by Merit Partners, Inc. The facility establishes Parts Town’s … [More]
Lifestyle Trends Driving Real Estate Decisions
Although many of us have settled into the new year and our resolutions have lost their momentum, we can all benefit from continual reflection on the last couple of years and how we can move forward in ways that are productive and inspiring. One way to do that correlates with a lifestyle trend we have been following for a while and is really gaining traction right now. This … [More]
Phoenix Office Market Posts Increased Absorption and Vacancy Decrease
2024 Brought Lowest Level of Office Deliveries in 10+ Years
The Greater Phoenix office market posted its highest net absorption in two and a half years, as well as a decrease in vacancy, according to a report released by Colliers. The Southwest city's decreased construction activity added the lowest level of new office inventory in more than 10 years. Net absorption during the last three months of 2024 was stimulated by owner user … [More]
Phoenix Maintains Momentum as Nation’s Industrial Leader, Says Report
Phoenix solidifies its reputation as the nation’s industrial powerhouse, with 32.6 million square feet of industrial space under construction and a thriving medical office market driving commercial real estate demand, according to LGE Design Build’s newly released Q4/Q1 Construction Delivery Outlook report. “Phoenix continues to lead as a dynamic hub for industrial … [More]
Construction Completed on Five Spec Suites at Kierland Office Campus
Vero Capital announced that it has completed the construction of five spec suites at INISIO at Kierland, a two-building, 240,436-square-foot office campus located at 16430 N. Scottdale Road and 16260 N. 71st in Scottsdale, Arizona. Additionally, the firm has started construction on the next phase of renovations at the property. INISIO at Kierland is owned by affiliates of … [More]
Senior Living Community Developer Earns Prestigious Certification on 4 Arizona Communities
Clearwater Living®, a real estate and property management company dedicated to the ownership, operation and development of high-quality senior living communities, announced today that it has earned the U.S. Environmental Protection Agency's ("EPA") ENERGY STAR® certification for superior energy performance for all four of its Arizona properties. "The ENERGY STAR … [More]
Homebuilder Launches Its Latest High-Quality Lifestyle Community in Buckeye
Mattamy Homes, North America's largest privately owned homebuilder, unveiled Tyler Ranch, a high-quality lifestyle community in Buckeye, Arizona. The brand-new single-family homes are set in a premier West Valley location. The community of competitively priced homes in Buckeye attracted crowds in January to a lively grand opening that showcased five new model homes. Now, … [More]
Scottsdale CRE Co. Strengthens Retail, Investment Sales Leadership amid Phoenix Market Growth
LevRose Commercial Real Estate named two new partners, expanding leadership at one of Phoenix metro's prominent commercial real estate firms. Branden Mondragon and Sean Lieb join the partnership at the Scottsdale-based firm, which has operated in the Valley since 1992 and serves as Phoenix's TCN Worldwide affiliate. Mondragon, who specializes in retail leasing and sales … [More]
Development Co. Reflects on 2024, Eyes Promising Growth in 2025
The Arizona-based Silver Creek Development, a private real estate developer and owner, with primary offices in Scottsdale and Los Angeles, reported notable success in 2024 amid industry-wide slowdowns triggered by rising interest rates resulting in a downturn in transaction volume. Silver Creek focuses primarily on industrial and multifamily development and acquisitions with … [More]
Developer Breaks Ground on Next-Gen Industrial Solutions in Land-Constrained Tempe
Creation, a leader in innovative real estate development, announced that it has started construction on Source Logistics Center, a 144,885-square-foot Class-A industrial facility located on the southeast corner of Warner Road and Hardy Drive in Tempe. Yesterday, partners, investors and city officials participated in a ceremonial groundbreaking event following Creation’s … [More]
Development Firm Announces Delivery of Seven New Kroger-Anchored Shopping Centers over 15-Month Period, Most in Arizona
Barclay Group, a nationally recognized real estate development firm, continues to execute on in its retail development strategy with the delivery of seven Kroger-anchored shopping centers over the last fifteen months. Recent deliveries include two shopping center openings in January 2025 - Morrison Ranch in Gilbert, AZ, anchored by Fry's Marketplace (Kroger) which … [More]
Cushman & Wakefield Hires New Regional President, Southwest Region
Cushman & Wakefield announced the appointment of Robert Thornburgh, SIOR, CCIM, FRICS as Regional President of the Southwest Region, which includes Southern California, Nevada, Phoenix, Colorado, Utah and Idaho. In his new role, Thornburgh will oversee Cushman & Wakefield’s strategic growth of the Southwest, including client service delivery, talent development and … [More]
388-Unit Multifamily Property Sells for $131.1M in Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced that it advised Rockpoint and The Related Group (Related) on the sale of Town Deer Valley, a 388-unit multifamily asset in Phoenix, Arizona. The property sold for $131.1 million, which represents $337,887 per unit. “Town Deer Valley is perfectly positioned to capitalize on the … [More]
San Francisco Women-Owned Investment Firm Acquires 71-Unit Multifamily Asset in Phoenix
Goodegg Investments, an award-winning women-founded and women-led commercial real estate investment firm in San Francisco, California, is pleased to announce the acquisition of North Edge Apartments – a 71-unit class B apartment community in Phoenix, Arizona. "North Edge is a phenomenal mid-sized asset in the hidden gem Youngtown submarket within the Phoenix … [More]
