Industry leader Daniel Mazzon has announced the launch of a new company that provides sales and operations representation for commercial real estate vendors in Arizona. The company, Mazzon Industries, begins its venture by signing two major clients: Ace Building Maintenance and RestorationHQ. The demand to open other lines of representation for the security, landscaping, … [More]
A Custom-Home Enclave That Is One of the Last Remaining in Paradise Valley Is Announced
Scottsdale-based luxury home developer, Silver Sky Development, has announced a new custom-home enclave, Silver Sky, named in honor of the incredibly colorful sunsets viewed from it’s Mummy Mountain site. Silver Sky is a rare, pristine parcel, home to 12 sprawling, ultra-custom estate homes in Paradise Valley, Ariz. The last of its size in this exclusive area, nestled against … [More]
LGE Design Build Promotes Former CFO to President
Leading national design-build firm LGE Design Build (LGE) today announced the promotion of Michael Stafford to the position of president, replacing David Sellers who will now exclusively act in the role of CEO. Stafford joined the LGE team as controller in 2017 before moving up to chief financial officer in 2018 where he was responsible for overseeing all financial … [More]
Luxury Multifamily Community Is Buckeye’s First New Apartment Community in 10 Years
Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced today the development of The Maddox, a 252-unit, Class A multifamily community in the Phoenix suburb of Buckeye. Thompson Thrift plans to begin construction this month and welcome new residents beginning in late … [More]
Warehouse District Venue Restored to Its 20th Century Glory
This January, Heather Lennon is celebrating the 25th anniversary of her company Imagine General Contracting, which began as a design firm and evolved to become a commercial and residential general contracting firm specializing in retail and historic building restoration. On June 1, 2022, Lennon, along with her business partner-uncle, took occupancy of their newly acquired … [More]
Luxury Hotel Brings New Event Space, Dining, and Hospitality Options to Scottsdale
Nationwide Realty Investors, owner and developer of Cavasson, announced today the grand opening of the highly anticipated Hilton at Cavasson. Supremely located at the northwest corner of Loop 101 and Hayden Rd, Scottsdale’s newest hotel and event center will quickly become the region’s premier destination for business and leisure travelers, and visitors attending Greater … [More]
Weitz to Modernize Phoenix Sky Harbor’s Terminal 4 Baggage Handling System
The Weitz Company has been selected by Phoenix Sky Harbor International Airport to upgrade its Terminal 4 Baggage Handling System (BHS) for an estimated $50 million in construction costs. The project award encompasses preconstruction services and construction in partnership with JSM & Associates. This project will primarily focus on the outbound BHS servicing the North … [More]
127-Room Hotel in Gilbert Sells for Nearly $19.5 Million
A 127-room Hyatt Place hotel in Gilbert (Phoenix), Arizona sold and was represented by Cushman & Wakefield announced the firm announced. Located at 3275 S Market St, the six-story property sold to HWC Hospitality for nearly $19.5 million. Bill Murney and Jesse Heydorff with Cushman & Wakefield’s Hospitality team in Phoenix represented the seller, Sethi … [More]
The ABCs of ADUs in Phoenix
Phoenix appears to be poised to open the doors wider to accessory dwelling units (ADUs), and for good reason. These freestanding backyard structures — also known as in-law suites, granny flats, casitas and cottages — create additional living spaces at a cost of about 40% less than a traditional renovation or home remodel. With water, sewer and electrical service, ADUs are homes … [More]
Property Tech Enables Centralizing Services
It’s impossible to attend an industry conference where the goal to centralize services is not one of the most important topics. At its core, centralization leverages technology to offload the responsibilities of various tasks to a dedicated team, increasing efficiency and streamlining processes to improve overall workflow across a portfolio. In multifamily, this allows onsite … [More]
Construction: Key Trends Expected to Shape the Industry in 2023
In its fourth quarter Construction Delivery Outlook report, leading national design-build firm LGE Design Build examines key trends in construction labor, supply chain, material costs and demand to determine what will define the industry in 2023. “Amid the speculation and uncertainty of a looming recession, this report provides critical insights that can help guide leaders … [More]
113-Acre Mesa Industrial Park Breaks Ground
IndiCap and AECOM-Canyon Partners are developing Eastmark Center of Industry, a 113-acre industrial park located in the heart of the Gateway Airport submarket in Mesa, Arizona. At completion, the park will total 10 buildings and more than 1.6 million square feet of mid-bay and cross-dock Class A industrial buildings. IndiCap purchased the project site in April 2022 for $48 … [More]
New Luxury Rental Community for Gilbert
Operating at the leading edge of the build-to-rent industry, Family Development — a preferred homebuilder in California, Arizona and Texas — and tech-enabled general contractor Mosaic recently broke ground on Town Germann, a gated, build-to-rent community located in Gilbert, Arizona. The 14.5-acre property will consist of 209 luxury, two- and three-bedroom townhomes ranging … [More]
National Tire Co. Acquires 35 Acres in Phoenix for New Headquarters Development
Discount Tire, a leading independent tire retailer, announced its intent to develop a new corporate headquarters in Phoenix following the acquisition of 35 acres located near Loop 101 and State Route 51. Discount Tire purchased the site at a recent Arizona State Land Department public auction. Proceeds from the sale will be invested by the state in the Permanent Land Endowment … [More]
Prime West Valley New-Home Community Opens
KB Home announced the grand opening of Tierra La Bella, a new community of single-family homes in a highly desirable west Phoenix location. The new community is situated on 83rd Avenue just south of West Buckeye Road and near Interstate 10 and Loop 202, providing easy access to downtown Phoenix and the area’s major employment centers as well as Sky Harbor International … [More]
Logistics Co. Secures 1.15-Million-Square-Foot in Glendale
Sarival Logistics Center industrial development in Glendale, Arizona has signed a full-building lease totaling 1,156,860 square feet with Logistics Plus, Inc. (LP), a leading worldwide provider of transportation, logistics, and supply chain solution. The building was constructed on a speculative basis and represents the first phase of a larger development which can accommodate … [More]
Tucson Home Builder to Provide Build-to-Rent Communities in Arizona and Montana
Miramonte Homes, an award-winning leader in residential development headquartered in Tucson, announced the launch of Miramonte Communities, a new company specializing in developing build-to-rent multifamily properties. The company announced its first communities in Arizona and Montana. “As home buyers continue to face challenges, including supply and affordability, the … [More]
Optima Moves Ahead with $1B Sustainable Mixed-Use Development in North Scottsdale
Award-winning real estate development firm, Optima, announced today plans to move ahead with its next Arizona residential development, Optima McDowell Mountain Village, in North Scottsdale after receiving the city’s approval for the $1 billion sustainable mixed-use community. Breaking ground spring/summer 2023, the 22-acre site, located on the southeast corner of Scottsdale … [More]
