Howard Hughes Holdings Inc. announced the addition of New Home Co. to the roster of homebuilders at Teravalis™, the company’s new community located in the Phoenix West Valley. New Home Co. joins Brightland Homes, Century Communities, Courtland Communities, KB Home and Lennar as homebuilders for Floreo, the first village of Teravalis. Floreo is under development, slated for a … [More]
Reimagined Paradise Valley Mall Sets Opening Date of First Residential Property
AVE, the residential real estate brand of Korman Communities, in partnership with RXR, announces the opening date of AVE Paradise Valley (12400 North Tatum Boulevard), a new elevated apartment community located in the reimagined Paradise Valley Mall development. The property will open on Nov. 15, 2024, and is now accepting applications. The state-of-the-art, mid-rise building … [More]
Iconic Mall Set for Demolition, Redevelopment Begins Soon
Phoenix’s most iconic mall is on its way to becoming the largest mall redevelopment project in Arizona’s history. Concord Wilshire Capital and TLG Investment Partners, the Developer, announced that the Abatement and Demolition of the Metrocenter Mall, including the Dillard’s and U-Haul Buildings (formerly Macy’s), have commenced, and it has formed a partnership with Diversified … [More]
Home Builder Breaks Ground on 90 Homesites for a New ‘High Performance’ Mesa Community
Landsea Homes Corporation, a publicly traded residential home builder, announced that it has begun development on 90 homes for a new community called Rialta in Mesa, Arizona. “The groundbreaking of Rialta extends Landsea Homes’ presence in a highly sought after location within the City of Mesa,” said Todd Condon, Arizona Division Vice President of Sales and Marketing, … [More]
CRE Firm Closes on Key Industrial Property in Burgeoning Phoenix Submarket
Stos Partners, a leading commercial real estate investment and management firm specializing in the value-add space, announces its closing of 236 and 240 North 48th Avenue in Phoenix. The 5.3-acre property includes two freestanding industrial warehouse buildings totaling 94,836 square feet. The transaction marks Stos Partners’ seventh industrial acquisition in Phoenix as the … [More]
JLL Promotes New Head of Phoenix Tenant Rep Division
The Phoenix office of JLL today announced it has promoted Ryan Bartos to market lead of its Tenant Rep Advisory Group. In his new role, Bartos is responsible for overseeing all brokerage activity for the company’s Phoenix tenant representation office team. “Ryan has been a key member of the JLL team since joining our firm more than seven years ago,” said JLL Executive … [More]
Pacific Hospitality Group Announces Groundbreaking of New Hotel in Downtown Phoenix
Pacific Hospitality Group, in partnership with Berger Holdings and JWG Investments, an affiliate of Sunbelt Holdings, proudly announces the groundbreaking of its newest independent lifestyle hotel under the Meritage Collection. The project broke ground on September 3, 2024, at the corner of Central and Adams in downtown Phoenix, with the new four-star, four-diamond property … [More]
Desirable Amenities and Attainable Rents Come to New Community Concept at 16th Street and Polk
Greenlight Communities, the Valley developer building brand-new budget-conscious communities, is excited to announce the opening of their new Streamliner community at 16th Street and Polk Road in Phoenix. The second Streamliner to begin leasing, Streamliner 16th represents a new wave of attainable housing communities under the Streamliner brand developed by Greenlight … [More]
$187.5 Million Multifamily Property Closes in Phoenix, Largest in Years
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Desert Club, a 497-unit multifamily asset in Phoenix, Arizona. The property sold for $187.5 million, or $377,264 per unit. The transaction is the largest single asset multifamily sale in Arizona in over two years and one of the ten largest single asset multifamily sales in the … [More]
New 414-Home 55+ Boutique Community Comes to Peoria
Trilogy by Shea Homes, which celebrates its 25th anniversary this year, has broken ground at Ridgecrest - a Trilogy Boutique Communit, a new 55+ resort-style community coming to Peoria, Arizona, in 2025. Located in the award-winning master plan of Northpointe at Vistancia, Ridgecrest is Arizona’s first Trilogy Boutique Community, a new offering from Shea Homes designed to … [More]
Offerpad’s New Headquarters Begins Fifth Floor Improvements at Iconic Building in Tempe
Wespac Construction, Inc. announced the start of construction on a first-generation tenant improvement for Offerpad Solutions Inc., located on the fifth floor of “The Beam on Farmer” office building in Tempe. The Beam on Farmer, 433 S. Farmer Ave., Tempe, known for its distinctive mass timber construction, will have its architectural beauty preserved and showcased as Wespac … [More]
Developer Names Residential Buildings at Central Station in Downtown Phoenix
GMH Communities (GMH), the Philadelphia-based real estate company, officially named the innovative residential properties at Central Station, marking a significant milestone in the innovative mixed-use development. Located in downtown Phoenix, this luxury residential community is comprised of two high-rise buildings overlooking an exclusive amenity deck. The east … [More]
Apache Junction Community Officially Opens, Construction Goes Vertical on Iconic Community Center and Pool
The City of Apache Junction and Brookfield Properties Development the developer of master-planned communities Alamar, Eastmark and Blossom Rock announce the completion of Painted Sky Park at Blossom Rock at Superstition Vistas in the East Valley. This is the City’s newest and largest park, marking a milestone as the first of its kind in the city’s history. Located within the … [More]
Construction Co. Delivers Industrial Infill Project Near TSMC Fab Campus
Phoenix-based Stevens-Leinweber Construction has delivered Empire 101, a brand new Class A industrial building offering Loop 101 freeway frontage, just 12 minutes from the growing Taiwan Semiconductor Manufacturing Company’s (TSMC) Arizona FAB campus. Located at 8850 W. Sweetwater Ave. in Peoria, Arizona, Empire 101 offers immediate freeway access via the North Cactus Road … [More]
Phoenix Ranks among the Top 20 North American Tech Markets in CBRE’s Annual ‘Scoring Tech Talent’ Report
Phoenix ranks #19 overall in CBRE’s 2024 Scoring Tech Talent report, as tech talent hiring in North America slowed despite strong growth in artificial-intelligence specialties, according to a new report from CBRE. Phoenix’s tech talent workforce of 108,380 grew by 17.2% between 2018 and 2023. Computer and information systems managers across all industries grew by 87.6% over … [More]
Park Central Hotels Nearing Completion and Preparing to Host New Hospitality Workforce Training Initiative
As two brand-new hotels at Park Central near completion, the hotel’s development and operating team is readying to launch an innovative new workforce training program on site. Grand Canyon University (GCU); the City of Phoenix; the developers of Park Central, Plaza Companies, Holualoa Companies; and hotel operator Fayth Hospitality are joining together to initiate the Park … [More]
Contractor Breaks Ground on Cutting-Edge Data Center in Mesa
Haydon, a leading full-service general contractor with over 30 years of experience in the Southwest, officially broke ground on a highly-advanced data center for Edged Energy, a fast-growing sustainable infrastructure provider. This project will support the East Valley’s growing digital economy’s needs by delivering 36 MW of heavy critical load capacity (the amount of power … [More]
The Evolution of Co-Working
One of the challenges in commercial real estate is to connect the spaces we create to the end user in a way that improves their quality of life. If we do that well, not only do we foster community, but that also means a healthy bottom line for the client and spaces with longevity. One of the concepts that aids in this goal is establishing an effective third place. It is … [More]
