The sale of the 380-unit multifamily community, Soltra at SanTan Village to The Premiere Residential for $140 million is the company's first Phoenix acquisition in 16 years. CBRE’s Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented the seller, Leon Multifamily, one of the most active multifamily developers in the greater Phoenix area. “This property has … [More]
Optima Opens Fifth & Final Tower at Optima Kierland Development
Award-winning real estate development firm Optima announced the grand opening of 7190 Optima Kierland, the fifth and final tower within the Optima Kierland development in North Scottsdale. The 10-story tower is comprised of 216 residences including studio, one-, two-, three-bedroom and penthouse apartments, along with the development’s first Olympic-length pool and 24-hour … [More]
City of Buckeye Stepping Up as New Jobs Demand Housing for Its Current, Future Employment Base
The City of Buckeye, Arizona, is seeing tremendous growth in its housing market, ignited by construction of the 2 MSF KORE Power plant as well as other large corporations putting down stakes in the bustling West Valley city. KORE recently received an $850 million from the U.S. Department of Energy. State officials estimate the plant will create about 3,000 new jobs and … [More]
Four-Million-Square-Foot Industrial Park Breaks Ground in Goodyear
Sunbelt Investment Holdings Inc., in partnership with Graycor Construction Co., has broken ground on Camelback 303, a 4 million-square-foot industrial park in Goodyear, Ariz. Construction began on the project’s first phase, a 516,320-square-foot speculative industrial building. Delivery is expected in the first quarter of 2024. At full build-out, Camelback 303 will feature … [More]
Scottsdale-Based Workforce Housing Co. Names New Chief Operating Officer
Scottsdale-based Greenlight Communities, the pioneering company dedicated to constructing privately-financed attainable workforce housing, is pleased to announce the appointment of Brian Kearney as its Chief Operating Officer. With an impressive career spanning back to 1987, Kearney brings a wealth of experience to his new role. His extensive professional background … [More]
Meritage Homes Buys 271 New Home Lots in Buckeye
Land Advisors Organization recently facilitated the sale of 70 acres of land in Buckeye, Arizona, to Meritage Homes of Arizona for $10.1 million. The 70-acre parcel, which is preliminary platted for 271 new home lots, is located at the SWC of Apache Road and Southern Avenue. Ben Heglie, Bret Rinehart and Ryan Semro with Land Advisors Organization’s homebuilding team … [More]
Meritex Acquires 111,000 SF Industrial Property in Phoenix near TSMC Chip Plant
The Meritex Company continues to expand in the Phoenix market with the acquisition of 17 North Corporate Center, a recently developed 111,676 sq. ft. Class A industrial building that can accommodate up to three tenants. The acquisition brings the Meritex footprint in Phoenix to nearly one million sq. ft. of space that houses 42 tenants. The property, located at 2335 … [More]
New Luxury Apartment Community Located Between Downtown Phoenix and North Tempe Opens
Mark-Taylor Residential, Arizona’s leading investment manager, developer, and owner of Class-A multifamily real estate, proudly announces the grand opening of Banyan on Washington. Developed by Banyan Residential, this brand-new luxury apartment community, at 5353 E Washington St., is conveniently located near downtown Phoenix and north Tempe. Committed to offering residents … [More]
Construction Begins on Mission Park Industrial Development in Buckeye
Martens Development, a Scottsdale-based development firm that is active throughout the Phoenix market, and its general contracting partner Willmeng Construction broke ground on a Class A industrial development, Mission Park. This two-building, 723,508 square foot Class A industrial park is located at the I-10 and Perryville Road in Buckeye, which is an emerging industrial … [More]
28-Story PALMtower Residences at Arizona Center in Downtown Phoenix Celebrates Milestone
Clayco celebrated the topping out of PALMtower Residences at The Arizona Center this month. Developed by North American Development Group and designed by Will Bruder Architects in collaboration with Lamar Johnson Collaborative, the 28-story structure is scheduled for completion in early 2024 in downtown Phoenix. Located at 440 East Van Buren Street, the building will contain … [More]
Phoenix Is Tops in Manufacturing Leasing Activity for Emerging Markets, Says Report
Over the past few years, industrial markets have grown dramatically. Several markets like Phoenix have emerged as growth markets, and they are becoming strategically important for operations, as well as attractive opportunities for industrial investors. Cushman & Wakefield recently examined national industrial leasing statistics from 2020-2022 to see which markets, outside … [More]
Scottsdale Development Firm Closes on Land for First Development, Plans 20-Home Infill Project
Diversified Future recently closed on the purchase of 4 acres with plans to develop the company’s first project – an infill community of 20 single-family homes for sale. The parcel located in Phoenix at 34th Street and Tierra Buena Lane will be the future site for 34th Street Manors. The company is projected to receive final plat approval on the project by December … [More]
Strategic Innovation
Most consumer-related business decisions can arguably be simplified down to one main goal: competitive advantage. The four main types of competitive advantage are cost leadership, differentiation, defensive strategies and strategic alliances. Specifically for our multifamily clients, all four of these strategies are directly related to the strength of the client’s amenity … [More]
Chandler Airpark Tech Center Coming Online
Premier design-build firm LGE Design Build, in partnership with Clarius Partners, recently completed construction of phase one of Chandler Airpark Technology Center, a 26.29-acre industrial development located on the southwest corner of Gilbert and Ryan roads. Phase two is now underway, with completion expected in November. The first 13.79-acre lot is under Planned Area … [More]
West Summit Logistics Park Breaks Ground in Surprise
Mohr Capital, as project developer, and Rosewood Property Company, as equity partner, recently kicked off construction on West Summit Logistics Park, strategically located in the established industrial submarket of Surprise, Arizona. The logistics park will consist of two Class-A industrial buildings totaling 704,472 square feet across 46 acres of land. Ware Malcomb serves as … [More]
Buckeye Industrial Building Expands Tempur-Pedic’s Metro Phoenix Footprint
Lincoln Property Company’s Southwest division, LPC Desert West, and partner Goldman Sachs have signed leading mattress and pillow maker Tempur-Pedic to a full-building pre-lease at Buckeye85, located in the heart of Phoenix’s I-10 Corridor. The lease brings the $60 million, state-of-the-art warehouse and distribution project to 100% occupied prior to completion of … [More]
Land Planning Consulting Firm Launches New Podcast
Upfront Planning & Entitlements, Inc., a woman-owned firm that provides consulting services to both public and private sector clients, is launching a podcast, “Upfront Planning Podcast.” Ten episodes already have been recorded and two will be released this week. “It’s a great lineup of guests on each episode and I’m confident the podcasts will resonate with … [More]
Boutique Residential Real Estate Co. Tapped to Sell Builders Luxury Communities
Camelot Homes has selected The Brokery to handle sales for two new Valley luxury communities, Willow in North Central Phoenix and Aura in North Scottsdale near the Mayo Clinic. This is a continuation of the relationship between the local residential real estate brokerage and the award-winning luxury homebuilder. In 2021, The Brokery first partnered with Camelot Homes to manage … [More]
