Construction is complete on an innovative, transit-oriented, attainable housing community in the heart of Tempe. The grand opening will take place on March 15 for a 129-unit multifamily project called Dwell @ 5th and Farmer located on a two-acre parcel at the intersection of 5th Street and Farmer Avenue. Dwell Tempe will provide new housing options for residents working in … [More]
ASU, City of Phoenix Announce Site of $200M ASU Health Headquarters
Arizona State University (ASU) and the City of Phoenix have officially announced the location for the ASU Health headquarters, marking a major step forward in the university’s expansion into medical education. The new facility will be built in downtown Phoenix within the Phoenix Bioscience Core, on a one-acre triangular lot bordered by Fourth and Fifth to the east and west; and … [More]
Suburban Office Campus in Gilbert Sells for $23.5M
The Forum at Gilbert Ranch, a 97,000-square-foot, Class A office campus in Gilbert, Ariz., sold to a private high-net-worth 1031 investor. CBRE’s Geoff Turbow, Anthony DeLorenzo, Matt Pourcho and Charlie von Arentschildt represented the private seller in the sale. The buyer was self-represented. The Forum at Gilbert Ranch is situated on 6.56 acres at 1472, 1482, 1528, and … [More]
Industry Veteran Brings 30 Years of Experience to Lead ABA’s Growth and Innovation
The Arizona Builders Alliance (ABA), a leading trade association for contractors in Arizona, announces Mark Stoller as its new Board Chairman for 2025. Stoller, currently the General Manager Southwest Division for GrayWolf, brings over 30 years of construction industry experience to this pivotal role. Stoller's appointment marks a significant milestone for the ABA, … [More]
Chandler’s $44.6 Million Reclaimed Water Interconnect Facility Completed
General contractor McCarthy Building Companies recently completed the $44.6 million Reclaimed Water Interconnect Facility (RWIF) for the City of Chandler. The facility treats water from the Salt, Verde and Colorado rivers and utilizes Chandler’s reclaimed water distribution system for delivery to several aquifer recharge sites owned by the city. The RWIF project is a membrane … [More]
Resort Developer Taps Internationally Acclaimed Architecture Firm for Scottsdale Luxury Residences
Replay Destinations, a leading developer of premier destination resort and residential communities, announced today its partnership with world-renowned architectural firm Olson Kundig on the final phase within Ascent at The Phoenician®—Summit by Olson Kundig—marking the firm’s inaugural condominium residential project in Arizona. Tucked at the base of Camelback Mountain and … [More]
State-of-the-Art Fulfillment Center Includes Advanced Technology and Truckers’ Lounges
Phoenix-based Stevens-Leinweber Construction recently completed a state-of-the-art Global Fulfillment Center for Illinois-based Parts Town Unlimited. Parts Town’s new operation spans 420,536 square feet, occupying all of Building B at C|303 Phase I, a 1.75-million-square-foot industrial development in Glendale by Merit Partners, Inc. The facility establishes Parts Town’s … [More]
Lifestyle Trends Driving Real Estate Decisions
Although many of us have settled into the new year and our resolutions have lost their momentum, we can all benefit from continual reflection on the last couple of years and how we can move forward in ways that are productive and inspiring. One way to do that correlates with a lifestyle trend we have been following for a while and is really gaining traction right now. This … [More]
Phoenix Office Market Posts Increased Absorption and Vacancy Decrease
2024 Brought Lowest Level of Office Deliveries in 10+ Years
The Greater Phoenix office market posted its highest net absorption in two and a half years, as well as a decrease in vacancy, according to a report released by Colliers. The Southwest city's decreased construction activity added the lowest level of new office inventory in more than 10 years. Net absorption during the last three months of 2024 was stimulated by owner user … [More]
Phoenix Maintains Momentum as Nation’s Industrial Leader, Says Report
Phoenix solidifies its reputation as the nation’s industrial powerhouse, with 32.6 million square feet of industrial space under construction and a thriving medical office market driving commercial real estate demand, according to LGE Design Build’s newly released Q4/Q1 Construction Delivery Outlook report. “Phoenix continues to lead as a dynamic hub for industrial … [More]
