Feedback: May 2023

by Jill Chasson, Leila Gimino, Ivan Royal 

Q: What have you found to be the highlight of your DEI/DEIB efforts in terms of implementation and/or results?  Jill Chasson  Partner Coppersmith Brockelman Sector: Law  When Andy Gordon and Sam Coppersmith started Coppersmith Brockelman in 1995, no one used the term “DEI.” Back then, traditional law firm recruiting typically meant hiring candidates who looked, acted and … [More]

Listening Facilitated Successful Logistics Center Construction 

by Mike Hunter

Phoenix-based Stevens-Leinweber Construction recently completed the custom build-out of 160,000 square feet at Phoenix Logistics Center Two, designed to meet the manufacturing and distribution needs of new tenant Georgia-Pacific LLC and its HP PageWide T1190 Press, the world’s largest high-volume digital pre-print solution for corrugated packing. “This project was a great … [More]

A Model for Modern Urban Cities and the 21st-Century University

How does a major research university make the best use of its last 355 acres adjacent to its main campus in Tempe?

by Charley Freericks

If you’re Arizona State University, you create a development that is a model for modern urban cities. Novus Innovation Corridor is designed to be distinctly different, with a unique innovation ecosystem that aligns education with employment. As part of this vision, Novus will offer access to knowledge, people and ideas; empower businesses of all sizes to grow and scale at an … [More]

Camelback Corridor Renovation to Redefine the Modern Workplace 

by Mike Hunter

Phoenix-based developer George Oliver, known for its cutting-edge office redevelopments, has unveiled plans for Bond, a $52 million renovation that will transform the landmark Biltmore Commerce Center into a hospitality-inspired office experience where thoughtfully crafted amenities and modern design bring teams together in an unparalleled workplace at the heart of the … [More]

Repurposed CRE Elevates Design for Health Clinic

by Mike Hunter

A unique project transformation was recently completed on the NOAH (Neighborhood Outreach Access to Health) Cholla Health Center, located at 8705 E. McDowell Rd. in Scottsdale. Ware Malcomb, an award-winning international design firm, provided interior architecture and design services for the approximately 32,000-square-foot medical office facility. General contracting services … [More]

Two Leading Arizona Companies Open Stunning New $17M Dallas Headquarters

inbusinessPHX.com

Creation, one of the country’s fastest-growing real estate development and alternative investment firms, and LGE Design Build, a premier design-build construction firm, announced today the opening of a new $17 million joint headquarters in the Dallas Design District as the two companies surpass the $1 billion mark in their shared Texas commercial real estate portfolio. Since … [More]

New Dynamic West Valley 320-Acre Commercial and Retail Destination Takes Shape

inbusinessPHX.com

The Vistancia master-planned community’s 320-acre commercial and retail destination FIVE NORTH at VISTANCIA is taking shape as the first hot spot in the far North Peoria/West Valley area. Envisioned as the energetic heartbeat and high-quality lifestyle hub of the award-winning Vistancia community, FIVE NORTH at VISTANCIA’s plan includes a mix of unique, eclectic and … [More]

Mesa’s Desert Medical Campus Completes $45M Modernization Project

inbusinessPHX.com

The completion of a $45 million modernization project at the Desert Medical Campus in Mesa, Arizona, was commemorated recently with a ribbon-cutting and grand opening ceremony attended by members of the healthcare community and local dignitaries. The state-of-the-art project introduced new amenities, spec suites, and future growth opportunities on the campus. The site … [More]

Nashville Healthcare Real Estate Co. Acquires Banner Peoria Building

inbusinessPHX.com

Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 68,000-square-foot medical building in Peoria, Arizona. The building is 100% occupied by Banner Health, a leading health system in the Southwest headquartered in Phoenix. “We are excited to add this outstanding medical asset to our portfolio and to build on the relationship we … [More]

New Project Brings Attainable Housing to Downtown Phoenix

inbusinessPHX.com

As the struggle to find attainable workforce housing persists across the state, Valley-based Greenlight Communities is proud to announce another new project that will bring a viable housing Solution to Phoenix's downtown urban core. Greenlight Communities will break ground on Streamliner 16th at 16th Street and Polk on Tuesday, April 25th at 11:00 a.m. alongside Phoenix City … [More]

Smaller Deals Lead Q1 Phoenix Office Leasing, Favoring Spec and Sublease Space

inbusinessPHX.com

Three quarters of all office lases signed in metro Phoenix in Q1 2023 fell in the sub-10,000-square-foot range, according to the latest market report released by the Phoenix office of JLL. The activity demonstrates a continued preference for smaller speculative suites and plug-and-play sublease space – both office solutions that provide greater flexibility as tenants and … [More]

CRE Co. Is Empowering Others with Series of Panel Discussions

inbusinessPHX.com

Evolve Ventures, a commercial real estate firm founded by two industry leaders, hosted an April 13 panel discussion, Modern Networking: Using Your Personal Interests to Build Relationships and Seal Deals. Evolve Ventures’ managing principals, Amy Malloy and Heather Personne, have focused on thinking, acting and transacting differently since founding their firm four years … [More]

Third-Party Logistics Providers Lead the Way in Big-Box Warehouse Leasing Activity in Phoenix

inbusinessPHX.com

The Phoenix metro is one of the fastest-growing industrial markets in North America due to increasing demand for big-box (200,000 sq. ft. or larger) warehouse space, according to a new report from CBRE. With a growth rate of 14.3% in 2022, Phoenix ranks as the top growth market in North America. The Valley’s industrial market continues to be driven by a diverse set of … [More]

Investment Group Set to Break Ground on One of the Largest Industrial Parks in Arizona History

inbusinessPHX.com

Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, is set to break ground on Phase I of LogistiCenter℠ at Copperwing, commencing construction for one of the largest business parks in Arizona history. LogistiCenter℠ at Copperwing is located at the Northern Parkway … [More]

Partnership Brings Additional New Affordable Housing to Phoenix

inbusinessPHX.com

Blackstone, through its affordable housing portfolio company, April Housing, and Dominium, a leading affordable housing owner, developer and manager, announced an expansion of their partnership to develop Casa Azure, which will bring 196 new affordable housing units to Phoenix, Arizona. Building on its commitment to preserve and create new affordable housing, Blackstone will … [More]

Phoenix Council Approves $150,000 in Grant Money to Assist in the Rehabilitation of a Historic Motel

inbusinessPHX.com

The Phoenix City Council approved a $150,000 grant to rehabilitate a portion of the 63-year-old “City Center Motel" in the heart of downtown. The restoration of the historically designated main building is part of a larger project to build a new multi-story high-tech hotel. The main building at 600 W. Van Buren Street, is a rare remaining example of “Googie-style" roadside … [More]

Fox Restaurant Concepts to Bring Three Popular Brands to Trailblazing Multi-Phased Tempe Development

inbusinessPHX.com

Novus Place, the new main street entertainment district in the latest phase of the Novus Innovation Corridor, adjacent to Arizona State University’s Tempe campus, is cooking up great things with Fox Restaurant Concepts as its new anchor tenant. FRC will bring three popular concepts – Flower Child, Blanco Taco Cocina + Cantina, and North Italia – to the entertainment district in … [More]

Law Firm Signs 30,000 SF Lease in Advance of Major Amenity Upgrades at Esplanade

inbusinessPHX.com

The leasing and brokerage team at the Esplanade office building have announced that Perkins Coie has signed a new 30,000-square-foot lease agreement. A leading international law firm, Perkins Coie will relocate its Phoenix office to Building II at the Esplanade located at 2525 E. Camelback Rd. in the Biltmore area. Perkins Coie was represented by Scott Goldman and Larry … [More]

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