Sundt Construction, Inc. received zoning approval at the Tuesday, July 15 Apache Junction City Council meeting to construct a 65,000 square foot manufacturing facility. The new industrial building will be the largest in Apache Junction and is expected to bring approximately 100 jobs to the city. Sundt is currently in escrow to purchase this 36-acre parcel located west of the … [More]
East Valley Mixed-Use Development Marks 100% Occupancy, Strong Lineup of New and Upcoming Tenants
Vestar, a privately held shopping center owner and manager in the western United States, has announced that Vineyard Towne Center in Queen Creek is now 100% leased, with a strong lineup of new and upcoming tenants ready to meet the needs of this rapidly growing community. A 145,000-square-foot Target is on track to open this October, joining a strong mix of upcoming tenants … [More]
New Peoria Build Pushes Scottsdale Firm’s Self-Storage Pipeline to 2M SF
Willmeng Construction broke ground on a state-of-the-art self storage facility in Peoria. Garrett Development Corp is the developer of this new facility. The property is located in a county island within the City of Peoria borders. It sits along the east side of Lake Pleasant Parkway, a main arterial road in Peoria. “We’re very excited to start this project, which is our … [More]
$2.2B Acquisition to Expand National Investor’s Footprint in Phoenix
Starwood Property Trust, Inc. announced that the Company has entered into a definitive agreement to acquire Fundamental Income Properties, LLC, a fully integrated net lease real estate operating platform and owned portfolio, for approximately $2.2 billion. Fundamental, currently owned by Brookfield Asset Management, operates a vertically integrated net lease … [More]
Glendale Build-to-Rent Project Fully Capitalized with $43M in Funding
Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced that its offering, Capital Square Glendale BFR, LLC, has been fully capitalized. The Regulation D private placement, consisting of a 320-unit build-for-rent community in Glendale, Arizona, raised over $43 million in … [More]
Legacy Valley Contractor Rebrands Following Strategic Restructuring
Agate Construction, a well-established general contracting firm based in Arizona for over 50 years, is rebranding as Primak Construction Group following a strategic restructuring between longtime business partners Rick Nichols and Lou Primak. The decision to rebrand comes as part of a “spin-off” agreement, with Primak assuming full ownership of the construction business … [More]
West Valley BTR Community 60% Leased as Construction Wraps
Curve Development announced the completion of construction at Cyrene at Skyline, a premier 102-home build-for-rent community in the heart of Waddell, Arizona. Opening December 2024, the community has already achieved over 60% lease-up, exceeding expectations and reinforcing the demand for high-quality rental housing in the West Valley. "At Curve, we don't see the West Valley … [More]
$144M Recapitalization Completed across Three Phoenix Build-to-Rent Communities
Empire Group of Companies, a leading Arizona-based real estate investment and development firm, has successfully recapitalized three of its single-family build-to-rent communities across the Phoenix metropolitan area. The company closed bridge loans totaling over $144 million with Arbor Realty Trust, Inc., retiring the construction debt and the entirety of the $21 million of … [More]
Developer Announces 360,000-SF Office Project in Scottsdale
Phoenix-based developer George Oliver, in partnership with Ascentris, has launched plans for Arbor Old Town, a new luxury office redevelopment in the heart of Old Town Scottsdale. Spanning more than 360,000 square feet across three buildings and six acres at the prominent corner of Scottsdale and Indian School roads, the project will introduce the district’s first … [More]
Construction Starts on Scottsdale 433-Unit Luxury Community
Legacy Partners, a privately held national real estate firm, together with joint venture partner DWS, a leading global asset manager, announced the start of construction on Olea Scottsdale, a 433-residence apartment community in Scottsdale, Arizona. The project is located north of Loop 101 and east of Scottsdale Road, at the northwest corner of Legacy Boulevard and Miller … [More]
