Cushman & Wakefield has advised US Capital Development (“USCD”), a first-class corporate industrial and office development firm, in the sale of a newly constructed 599,486-square-foot (SF) Class A industrial building in Glendale (Phoenix), Arizona. Falcon Park 303 - Phase I was built on a speculative basis in 2022 and is 100% leased. The freestanding building is part of a … [More]

RED Development today revealed six new tenants are opening at PV, the highly anticipated redevelopment of the former Paradise Valley Mall, with an impressive roster ranging from restaurants, including two concepts by notable restaurateur Sam Fox, to global beauty retailers and services along with the expansion of local favorites opening in 2024. Fox Restaurant Concepts is … [More]

Westwood Financial, a leading commercial retail real estate investment firm, is pleased to announce the successful sale of Ahwatukee Mercado, a well-established grocery-anchored shopping center in Phoenix, Arizona. The property was sold to a private buyer after a hold period of 3.7 years, resulting in a profitable opportunistic return and an impressive equity multiple of … [More]

LV Collective, an Austin, Texas-based multifamily and student-oriented real estate developer, begins leasing its newest multifamily project, Moontower, located at 811 North 3rd Street, Phoenix, AZ. The 326-unit, 309,716-square-foot project is scheduled for residents to begin moving in on June 15, 2023.    Located on the edge of Phoenix’s walkable arts district Roosevelt Row, … [More]

Mark-Taylor Residential, Arizona’s leading Investment Manager of luxury multifamily communities, proudly welcomes Harmony at Hurley Farms into its esteemed management portfolio. As their fourth asset in partnership with local development group Treger Partners, the community features rental homes designed to exceed expectations and offer residents a luxurious and convenient … [More]

Target is coming to Vineyard Towne Center, the 260,000-square-foot retail center Vestar is developing in Queen Creek, Arizona. The mega retailer will join Sprouts Farmers Market as a second anchor in the open-air center, which is one of five ground-up developments Vestar is building in Arizona. Sprouts will open in July 2023 and Target’s opening is slated for the spring of … [More]

Dallas-based MYCON General Contractors, Inc. announced its third branch location – Queen Creek, Arizona. The award-winning commercial contractor, with offices in Dallas and College Station, Texas has opened the Arizona office to better serve several regional projects for one of the firm’s largest clients. MYCON’s new office is located in the new Scotland Court Industrial … [More]

MSC Mediterranean Shipping Company, a global leader in transportation and logistics, announced plans to open its new MSC Tempe office, expanding the company’s network of locations across the United States. Located on the Arizona State University (ASU) campus, construction of the state-of-the-art 777 Tower is set to be completed by Spring of 2024. The 28,302-square-foot space … [More]

Belgravia Group, Chicago’s award-winning real estate developer, has announced the groundbreaking of Portico, the highly-anticipated luxury condominium community featuring 112 homes located just northeast of Scottsdale Road and the Loop 101. Sales of the two-, three-, and four-bedroom condominiums have been strong, with nearly 50% of the project already sold. Initial … [More]

Mohr Capital and Rosewood Property Company have kicked off construction on West Summit Logistics Park, in Surprise, Arizona. The logistics park will consist of two Class-A industrial buildings totaling 704,472 square feet across 46 acres of land. “Summit Business Park will sit in a prime location in one of the best markets in the country,” said Bob Mohr, chairman of Mohr … [More]

Perkins Coie, a leading international law firm headquartered in Seattle, has signed a long-term lease for a new office location in Phoenix, Arizona. The law firm will occupy 30,955 square feet at Camelback Esplanade, a Class-A project located at 2525 East Camelback Road in central Phoenix that will be undergoing a significant upgrade and renovation that began this … [More]

Multifamily real estate development firm, Pride Ventures, LLC, broke ground on Ovio at Sycamore Station, a new luxury multifamily rental community in Mesa, Ariz. John Giles, Mayor of the City of Mesa, Francisco Heredia, Vice Mayor of the City of Mesa, and other key community partners were in attendance. Ovio at Sycamore Station, located at 1836 W. Main Street, Mesa, AZ … [More]

Greystar Real Estate Partners has broken ground on Caliber, a 411,918-square-foot industrial park in Peoria, Ariz. The project is part of Peoria Place, a $500 million, mixed-use master plan that also includes residential and retail space. Caliber’s construction took off as the developer recently received a construction loan of $38.8 million from First Internet Bank … [More]

GCON Inc., an Arizona-based, full-service construction management firm, is putting the finishing touches on a first-of-its-kind project in Arizona. Town Deer Valley, a 388-unit luxury multifamily development, is the first project in Arizona for the Related Group, one of the leading developers of luxury apartments, condominiums, and hospitality projects in the country. Town … [More]

Virtus Real Estate Capital has acquired Banner Health Center Plus at The Grove, a 70,000-square-foot medical office building in Phoenix, for $48.5 million. The previous owner was RED Development, according to CommercialEdge data. JLL represented the seller. According to the same source, the property was subject to a construction loan of $30 million in 2021, provided by … [More]