Arizona home builder Minimal Living Concepts was founded in 2021 with the goal of creating the world’s most seamless path to buying new construction online. Co-founders Zander Diamont and Jared Amzallag started with a line of backyard guest homes— also known as casitas or accessory dwelling units (ADUs), and now, after building over 100 guest homes, they are expanding their … [More]
Uptown Plaza Celebrates 70 Years of History, Community, and Evolution
Since its debut in 1955, Uptown Plaza has been a cornerstone of Phoenix’s growth and charm, forever changing how the Valley shopped, dined, and connected. Now, as this mid-century modern center celebrates its 70th anniversary, it stands not only as a beloved landmark but as a vibrant community hub bridging the past to the future. In the lead-up to its September milestone … [More]
Custom Homebuilder Expands Legacy of Luxury with New Estates in Paradise Valley
Patterson Homes continues to set the standard for elite residential construction, with two of its latest estates in Cameldale under contract in record time—one before completion and both within 20 days of coming available to the market. Now, Ryan Patterson embarks on his most prestigious project this year at the base of Mummy Mountain in Silver Sky, Paradise Valley’s most … [More]
Builders Break Ground on 508 Homesites at Village of Montecito in Estrella
Underscoring a resolute commitment to creating the West Valley's most vibrant and thriving community, Estrella Development Company and award-winning homebuilders Lennar and Richmond American Homes broke ground recently on 508 homesites at the village of Montecito at Estrella in Goodyear, Arizona. Jeff Zimmerman, Vice President of Development for Estrella Development Company, … [More]
Visit Phoenix Picks CityScape for New Office Headquarters
Visit Phoenix will move into 24,722 square feet at CityScape. The new lease maintains Visit Phoenix’s downtown presence, where it promotes the Greater Phoenix market as a destination for travelers and conventions. Visit Phoenix will relocate from 400 E. Van Buren St. At CityScape, it will continue to enjoy proximity to the Phoenix Convention Center, area hotels and resorts, … [More]
Valley Shopping Center Co. Closes Out 35th Year of Operations, Impacts Our Market with Great Growth
Vestar, a Phoenix-based, privately held shopping center owner and operator, achieved significant growth in 2024, with more than two million square feet of retail space under development and the addition of several new management assignments. As the company closed out its 35th year of operations, it remains focused on creating unique and timeless retail destinations. David … [More]
National Firm Acquires Phoenix Construction Services Co., Expanding Resources and Expertise in the Southwest
Atwell has continued to extend its reach by acquiring the operations of Terrascape Consulting, adding expertise in engineering and surveying to its resources in the Southwest. Terms of the transaction were not disclosed. Terrascape, founded in 2006, is based in Phoenix, Arizona. The company is deeply committed to client service and brings knowledge of the region's unique … [More]
Arizona’s Build-to-Rent Boom: 14,000 New Single-Family Rentals in the Pipeline
As urban areas become more crowded and homeownership slips further out of reach, the build-to-rent (BTR) market is stepping in to fill the gap. Nationwide, more than 110,000 single-family rentals are under construction, set to increase the BTR inventory by 53.5% once completed. Arizona stands out as a major player in this expansion. Arizona’s Build-to-Rent … [More]
Building Arizona: Critical Strengths and Challenges in Our Housing Market
Metro Phoenix is the No. 3 housing market in the United States, according to Greg Vogel, founder and CEO of Land Advisors Organization, who cites data from the U.S. Census Bureau showing single-family and multifamily permits totaled 45,000 for the 12 months through September 2024. Says Laura Ortiz, president of Evergreen Devco, “Demand, from a national perspective, continues … [More]
Construction Costs in Commercial Real Estate: A 2025 Outlook
Economic, material and labor market dynamics
Although construction costs are estimated to be relatively flat year over year, with a moderate increase of 5–7% projected, there are many variables that can affect this estimate so early in the year. Construction costs in the commercial real estate sector are driven by a combination of economic, material and labor market dynamics. Factors such as natural disasters, a changing … [More]
