Empire Group of Companies recently sold 99.43 acres to DR Horton for approximately $2.5 million. The land is located in the town of Florence, situated at the northeast corner of Central Park Avenue and Highway 287 near downtown. Empire Group entitled and platted the property. The 99.43-acre parcel was platted in two phases and includes a total of 273 lots that are ready for … [More]
Grand Opening Announced of Two New Communities at Popular Liberty Master Plan in Phoenix
KB Home announced the grand opening of two new-home communities at the popular Liberty master plan in Phoenix, Arizona. The homebuilder’s Traditions and Reserves communities are ideally located off West Southern Avenue, close to Loop 202, Interstate 10 and Interstate 17, and just 10 miles south of downtown Phoenix and Sky Harbor International Airport. The new neighborhoods are … [More]
Luxury Residences Break Ground at Foot of Camelback Mountain, Most Units Sold
Ascent at The Phoenician® has officially broken ground on its next phase of development, the Mountainside Residences situated at the base of Camelback Mountain. Overlooking The Phoenician® Golf Course and located adjacent to The Phoenician®, a Luxury Collection Resort in Scottsdale, Arizona, the private, gated community of Ascent at The Phoenician® has become Arizona’s most … [More]
Buckeye to Get Medical Building, Adjacent the New Banner Hospital
As the booming West Valley continues to grow, the healthcare real estate community has heeded the call and is delivering. Mangat Group is developing Sundance Medical Center, which will be located at the NWC of Yuma Road and Sundance Parkway in Buckeye. The two-story medical office building will total 43,600 SF. Banner Health announced plans to build a hospital in Buckeye … [More]
JLL to Expand, Relocate Arizona HQ
Global real estate services firm JLL announced it will expand and relocate its Arizona headquarters to The Grove, a $400 million mixed-use development in Phoenix. The brokerage firm will occupy 31,000 square feet on the first floor of the 180,000-square-foot office building underway at 4300 E. Camelback Road, which is slated for completion in the third quarter of this … [More]
Recently Completed ‘Adeline’ in Downtown Phoenix Closes $147M from CIM Fund
CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced that a CIM-managed fund has closed a $147 million loan to Crown Realty & Development secured by Adeline, a recently completed apartment community in Phoenix, AZ. Located at 222 E. Jefferson St., Adeline is a 25-story tower that consists of 379 … [More]
Developer Adds 568 Affordable Apartment Homes to Phoenix’s Maryvale Neighborhood
Dominium, a leading national affordable housing owner, developer and manager, announced today the closing of the land sales for two new affordable housing communities in Phoenix. Located at 7800 & 7750 West Encanto Boulevard, Aviara Flats and Casa Azure will be Dominium’s 3rd and 4th new construction projects in the state of Arizona, bringing the developer’s portfolio in … [More]
Our Industrial Market Is Booming!
“We are seeing an industrial technologies renaissance, led by semiconductor companies like Taiwan Semiconductor Manufacturing Company building a massive campus in north Phoenix and Intel expanding with Fab 52 and Fab 62 in the southeast Valley that are driving a whole ecosystem of investment,” says Chris Camacho, president and CEO of Greater Phoenix Economic Council. He notes … [More]
Paul Komadina, CBRE Arizona
It’s been an industrious season for the industrial sector of Phoenix’s commercial real estate — more than a year that includes record-setting activity and that also bodes well for Phoenix’s employment numbers. The Phoenix industrial market continues to surpass expectations, setting records for demand and construction only few markets can rival. Increased tenant demand is the … [More]
Feedback: May 2022
Q: We've seen a recent record boom in industrial property starts and leases throughout Metropolitan Phoenix. Based on the projects you are involved in, what is your view on what is fueling this? How much is being built for anticipated tenancy versus for a specific user (such as TSMC over in Phoenix)? Cathy Carlat Mayor City of Peoria, Arizona Sector: Government The City … [More]
Designing for Senior Communities – The Revel Brand
Six years ago, we began concepting a new type of senior community with the goal of reinventing the look and feel of senior living. Our team’s design backgrounds mainly included experience in market-rate multifamily properties, high-concept leasing and cultural galleries, and hospitality, so we approached senior living with zero pre-conceived notions. We started the process by … [More]
Phoenix Data Center Numbers Are High
Phoenix, which has been one of the nation’s strongest-performing data center markets for the past many years, continues to shine. Thanks to our booming population, a mix of cloud, social media and technology companies are all vying for space here. This keeps demand always ahead of supply, even within the Valley’s significant inventory of Class A data center product. This … [More]
George Oliver’s Arbor to Bring ‘Urban Organic’ to Downtown Tempe
Downtown Tempe is one of the nation’s most dynamic office markets and the perfect location for the Arbor’s high-touch design concept and unmatched amenity base. It is exactly what users are asking for as they reoccupy their office spaces. We pulled great inspiration from the Mill Avenue landscape for our development and will be including Instagram artwork features and a signage … [More]
Camelot Homes Plans Three Luxury Communities in Scottsdale
Camelot Homes recently closed on the purchase of three parcels of land in Scottsdale, with plans to break ground this year on three new luxury gated enclaves with a combined total of 29 homes: Aura, on 8.5 acres at the southeast corner of 128th Street and Shea Boulevard; The Collection, on 4.7 acres at the northeast corner of 74th Street and Valley View Road; and Legacy at D.C. … [More]
MAK Homes’ New South Mountain Community Celebrates Area History
Designed by MAK Homes, Heard Farm is an intimate 24-home community offering modern farmhouse- styled homes focused on sustainable living and intently echoing the agricultural history of this property. The five unique home designs of Heard Farm are in direct response to the agricultural context of the South Mountain area focusing on simplicity and elegance. The Heard Farm home … [More]
Landsea Homes Breaking Ground on Communities East and West
Landsea Homes recently broke ground on three new communities in Arizona: El Cidro in Goodyear, 201 homes featuring the small-town charm of single-family homes; Rev at Eastmark, offering 90 modern single-family homes in Landsea Homes’s newest neighborhood in the Eastmark master plan in Mesa; and The Villages at North Copper Canyon in Surprise, 315 one- and two-story … [More]
Materials Matter in Combating Climate Change
Tackling climate action in the building industry starts with making conscious decisions about the materials with which we build. Today, the production, maintenance and disposal of the materials used in building construction are responsible for 11% of global greenhouse gas emissions. This accounts for roughly a quarter of annual building sector emissions, a percentage which is … [More]
