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
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
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
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
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]
Latest Crane Count Reaches All-time High, Phoenix on the Rise
International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide an eye-opening perspective on the North American construction industry in 14 key markets. With data current to mid-Q1 2023, the latest RLB quarterly cost report shows that the national average … [More]
Arizona Coyotes Development Arm Files Claim Seeking $2.3B from Phoenix City Hall
The Arizona Coyotes and its development arm, Bluebird Development, have filed a claim against the City of Phoenix for $2.3 billion claiming it broke its word on a plan to convert a hazardous unlined Tempe-owned landfill into a new sports and entertainment district next to Tempe Town Lake. On March 27th, Sky Harbor filed a complaint against the City of Tempe claiming the … [More]
Construction Co. Adds to Arizona Office with Director-Level Hirings
Big-D Construction is proud to announce it has expanded its presence in Arizona with the hiring of a director of preconstruction and a director of multi-family. The general contracting firm’s Southwest office hired industry experts Rod Miller as director of preconstruction and Theresa Schultz as director of multi-family. Miller will be responsible for assisting the … [More]
Metro Phoenix Office Revitalization Designed to Set New Standard for Workplace Culture and Amenities
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]
Office as a Destination
‘Third space’ environment entices back-to-office
It’s been proven that we can work anywhere. For many of us, all our basic work tools fit in a backpack or briefcase, and the pandemic really pushed us to be open to new and unexpected work locations. Because of this experience of flexibility, it’s clear that as we transition back to the office, workers are seeking a spectrum of experiences beyond the traditional desk. The … [More]
Commercial Real Estate Trends: Adding detached living/working spaces to property
While life has largely returned to normal following the global pandemic, COVID has had a lasting impact on the way we work and live. We started our company, Minimal Living Concepts, in 2021 to address the need for private spaces for people working or schooling from home. We created a turnkey solution that makes it easy for customers to browse predesigned units with transparent … [More]
Greenlight Communities Focuses Locally on Attainable Housing
The country’s first company to focus solely on building privately funded attainable rental housing, Arizona-based Greenlight Communities, entered this year with 14 projects in development across the Phoenix Metropolitan area and further expansion into the Tucson market. Since breaking ground on its first Cabana community in 2017, Greenlight has made attainable housing a … [More]
Two Single-Family-Home Projects Break Ground in West Valley
Landsea Homes, a publicly traded residential homebuilder, recently closed on 65 homesites and began construction on a new neighborhood called Solvida in the Estrella master-planned community in Goodyear. The company also broke ground on 616 new homes at Citrus Park, its own master-planned community. All homes at Solvida in Estrella and Citrus Park will contain Landsea Homes’ … [More]
Luxury Lease Villas for Litchfield Park and Goodyear
Family Development, one of the country’s premier homebuilders with a multitude of projects throughout the Southwest, has begun construction on two new luxury lease communities in Arizona: Villas Litchfield Park, which will feature 153 units, and Villas Goodyear, which will feature 151 units. Both build-to-rent projects are expected to be completed in 2024. Photo courtesy of … [More]
Build-To-Rent Project in Avondale
Trilogy Investment Company, a leading national provider of build-to-rent housing communities, has created a strategic joint venture partnership with Cimbra Partners LLC (through its subsidiary Cimbra Investors Encanto, LLC) and has closed on seven acres of land at the corner of Encanto Blvd. and N. Avondale Blvd. in Avondale. The 84-unit townhome community called Encanto … [More]
Four Former Tempe Mayors Support Tempe Entertainment District, Effectively Opposing Sky Harbor Legal Action
Four former Tempe Mayors, Harry Mitchell, Neil Giuliano, Hugh Hallman, and Mark Mitchell, have differing backgrounds and policies but they are all supporting a plan to convert an old Tempe landfill into a new sports and entertainment district, along the banks of the Tempe Town Lake. They are all endorsing Proposition 301, 302, and 303. They said so at a news conference held at … [More]
City of Phoenix Aviation Department Files Legal Action Against Tempe
After more than a year of attempts to resolve a dispute with the City of Tempe over planned residential developments in a high-noise corridor directly under Phoenix Sky Harbor International Airport's flight path, the Phoenix Aviation Department has filed a formal complaint in Maricopa County … [More]
PV Mall’s Redevelopment Project to Include Premier Athletic Club
RED Development, an industry leading commercial real estate company known for its high-performing mixed-use and retail portfolio, today announced Life Time, the nation’s premier healthy lifestyle brand, will join PV, the more than 100-acre redevelopment of the former Paradise Valley Mall, with a first-to-market, fully integrated concept consisting of an athletic country club … [More]
