As demand for housing alternatives continues to grow, Caliber is applying its expertise in multifamily development in creative ways to provide new solutions across the Valley. This spring, the firm completed funding for the first phase of our SP10 project, the conversion of a 160-room hotel into 104 apartment units with Class A amenities in the Ahwatukee Foothills of South … [More]
Mixed-Use Development Breaks Ground in Gilbert
Okland Capital and San Tan Development Group recently broke ground on phase one of Northside at SanTan Village, a brand-new mixed-use development that will bring high-end retail, restaurant and hotel amenities to the SanTan Village submarket in Gilbert, Arizona. Located on the east side of Santan Village Parkway between Williams Field and Ray roads, Northside phase one … [More]
New Hangars Planned for Falcon Field Airport
Agate Construction, a leading construction company specializing in innovative projects across various commercial and industrial industries, has announced plans to construct four new aircraft hangar buildings on 4.13 acres of Falcon Field Airport property. Representing Agate Construction’s eighth construction project in partnership with DKS Properties LLC’s ownership, the … [More]
Uniquely Divisible Industrial in Phoenix-Goodyear Airport Area
Construction is underway on Building A of the Palm Valley Commerce Center in the rapidly expanding Phoenix-Goodyear Airport submarket of Goodyear, Arizona, with delivery expected in Q2 2025. Upon completion, the project will consist of three buildings totaling 294,840 square feet. A unique characteristic is the spaces’ divisibility from 125,840 square feet to 4,680 square feet, … [More]
Data Center Master Planner Closes on 2,069 acres in Buckeye, among the Largest Data Tech Parks in U.S.
Acquisition will support one of the largest data center technology parks in the country
Tract, a developer of master-planned data center parks, announced its acquisition of a 2,069-acre land parcel in Buckeye, Arizona. The land acquisition will be one of the largest data center parks in the United States anticipating up to 20 million square feet of data center space across as many as 40 individual data centers at full build-out. Tract is currently working with the … [More]
Homebuilder and Home Design Firm Announce Strategic Partnership
Family-owned premiere homebuilder Camelot Homes is proud to announce a strategic partnership with leading design firm, Guided Home Design. This collaboration between two Scottsdale-based companies marks a significant milestone as Guided Home Design will now exclusively manage interior design for the family-owned luxury homebuilder. A dedicated team of designers will work with … [More]
Development Co. Expands Business with Entry into Airport Submarket
Evergreen Devco, Inc., a leading retail, multifamily and industrial development company, announced a significant expansion to its industrial business line with the acquisition of 12.68 acres at the southeast corner of 48th Street and Alameda Drive in Tempe, Ariz., for $13.0 million. The future development, to be called 48th @ Alameda, is strategically located in the Airport … [More]
Chicago Home-Cooked Food Coming to Downtown Phoenix
Big Bacon’s, which has been operating out of a ghost kitchen in Tempe, is known for its authentic Chicago soul food including stuffed jerk burgers, fried chicken, fried pork chop sandwiches, and a variety of seafood dishes including salmon and catfish. NAI Horizon facilitated the long-term lease for a restaurant that is bringing home-cooked food from Chicago to Downtown … [More]
North Scottsdale Office Complex Major Tenant Expands, Brings Property to Full Occupancy
Nationwide Realty Investors announced that the 440,000 square-foot Cavasson East office building within the larger Cavasson mixed-use development in North Scottsdale has reached full lease occupancy. “This is an incredible milestone for Cavasson,” said Brian J. Ellis, President of Nationwide Realty Investors. “Achieving 100% lease occupancy in an extremely tough global office … [More]
Commercial Property Management Co. Announces Leadership Transition
MODE Commercial Property Management announced a significant leadership transition. After more than 16 years Patty Hartley, co-founder and designated broker, is stepping back from day-to-day operations. David Verwer, the current Managing Director will assume the role of President and Designated Broker. Since its founding in 2008, MODE has grown into one of the most well-known … [More]
Leading Arizona Based Build-to-Rent Developer Expands into Nebraska
Arizona in innovative Build-to-Rent solutions, Cavan Companies announced its expansion into the Omaha, Nebraska market with the development of The Bungalows on Honeysuckle and The Bungalows at Whitehawk Lake. Known as an innovative pioneer in Arizona residential Build-to-Rent communities, Cavan Companies has chosen Omaha as its latest destination for development, reflecting the … [More]
Phoenix Ranks among Top Markets with Largest Number of Industrial Leases during the First Half of 2024
Industrial users leased more huge warehouses in this year’s first half, aided by lower lease rates and higher vacancy
Phoenix ranks sixth nationally among the markets with the largest share of the top 100 industrial leases in the first half of 2024, according to a new report from CBRE. Phoenix had five of the top 100 largest leases, totaling 4.6 million sq. ft. Three of the five leases were signed by e-commerce businesses, with manufacturing companies and third-party logistics operators each … [More]
Wisconsin Co. Completes 80-Acre Land Deal for Significant Corrugated Box Operation
Green Bay Packaging announced the completion of its land acquisition near Phoenix, Arizona. The approximately 80-acre parcel purchased by GBP is located at Bianco and Kortsen Roads in Casa Grande. The transaction was facilitated by Kirk McCarville, CCIM, and Trey Davis with Land Advisors Organization’s Casa Grande office, who represented the seller. The seller of the site … [More]
Luxury Community Brings 274 New Apartments to High-Demand, Desirable Area
Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, has begun leasing Sunela, a brand new luxury apartment community in North Phoenix. Nestled in the highly desirable area of 56th Street north of the Loop 101 (20600 N. 55th St., Phoenix, 85054), Sunela has initial apartments ready for … [More]
First National Realty Partners Expands Arizona Footprint with Fountain Hills Plaza
First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, announced the acquisition of Fountain Hills Plaza, a 111,284-square-foot shopping center in affluent Fountain Hills, Arizona. This marks the firm's second acquisition in the state and continues its national expansion efforts. "We think Fountain Hills Plaza is an excellent … [More]
Real Estate Industry Veteran to Lead Teravalis, New Howard Hughes Community in Phoenix West Valley
Howard Hughes Holdings Inc. announced that long-time Arizona real estate leader Charley Freericks has been appointed President of the Phoenix Region. Mr. Freericks will lead residential and commercial development, leasing, and operations of Teravalis, the new 37,000-acre Howard Hughes community in the Phoenix West Valley. Floreo, the first residential village of Teravalis set … [More]
Recently Honored Developer of Build-to-Rent Communities Brings 94-Unit Development to Scottsdale
After recently being named the #3 city in the nation for places to rent through a study published on WalletHub.com, MODUS Companies recently announced their latest design for a 94-unit build-to-rent community of single-family homes near the intersection of Oak Street and 64th Street. Aptly named Papago Village, given its vicinity to nearby Papago Park, the entire community … [More]
Luxury Homebuilder Sets Date for North Scottsdale Community to Debut Featuring Postmodern Architecture
Camelot Homes announced that sales will begin on September 7 for The Edge at Joy Ranch in North Scottsdale. The new 52-home luxury home community is located on 77.5 acres at the NE Corner of Lone Mountain Parkway and East Joy Ranch Road in North Scottsdale and offers 3/4+ acre lots with homes that range in size from 3,400 to 5,000 square feet. Nestled against Tonto National … [More]
