Dale Cavan, a Phoenix-based developer, has purchased a 24-acre parcel in Casa Grande at the southeast corner of Thornton Road and Ash Avenue, with plans to build a new commerce park. The Casa Grande Commerce Park will feature a series of speculative buildings under 70,000 square feet to accommodate industrial needs in the area. Kirk McCarville, CCIM, and Trey Davis with … [More]
Gilbert Industrial Project Demonstrates Leasing Strength of Southeast Valley
On behalf of developers GID and SunCap Property Group, Graycor Construction Company has completed construction on Gilbert Spectrum Buildings 9, 10 and 11, three brand new Class A buildings within the 64-acre Gilbert Spectrum industrial park, located at McQueen and Elliot roads in Gilbert, Arizona. Being leased by Ken McQueen and Chris McClurg of Lee & Associates … [More]
Five Things to Look for when Hiring an Interior Designer
We are all taking strategic steps to prepare to navigate yet another unsure market. Selecting the right team for a project is one of the most important steps to make. For a successful project, here are five things to look for when hiring an interior designer. Efficiency and Flexibility First is to make sure to have a team where efficiency and flexibility are highly valued. … [More]
Central Phoenix Multifamily Is Arizona’s First Iconic Libeskind-Designed Building
InveStellar Corporation, a Phoenix-based urban development and advisory firm specializing in providing long-term value through iconic mixed-use, residential and hospitality projects, plans to develop Rainbow Road, a 36-unit architecturally significant apartment community situated on 13,500 square feet located near Roosevelt Row in central Phoenix. This boutique multifamily … [More]
Expanded Rinchem Campus Provides High-Demand Chemical Services to Semiconductor, Other Growth Sectors
Graycor Construction Company has initiated construction on a new, 123,516-square-foot flex industrial facility in Surprise, Arizona, for Rinchem Company LLC, the world’s largest network of chemical and gas distribution centers. The new facility will be Rinchem’s third in metro Phoenix and part of a global Rinchem supply chain that safely handles more than 4 billion pounds of … [More]
Next-Level Apartment Living Opens Near Scottsdale Quarter
Ideally located near the Scottsdale Quarter, San Bellara takes traditional apartment living to the next level. Mark-Taylor Residential, Arizona’s leading developer, owner, and investment manager of multifamily communities, is proud to announce the grand opening of San Bellara, the newest development in their management portfolio. This community is their second development on … [More]
258-Unit Multifamily Community Opens in Tolleson
Evergreen Devco, Inc., a leading retail and multifamily development company, opens a 258-unit, multifamily community located at 89th Avenue and McDowell Road in Tolleson. “Parc Tolleson offers the perfect combination of contemporary design and urban touches.” said Matt Evans, regional president of Arizona multifamily at Evergreen Devco. “This 258-unit garden-style community … [More]
Investment Co. Partners on an 84-unit Build-to-Rent Project in Phoenix
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 (7) acres of land at the corner of Encanto Blvd. and N. Avondale Blvd. in Avondale, AZ. The 84-unit townhome community … [More]
California Builder Plans Two New Luxury Lease Communities in Litchfield Park and Goodyear
Family Development, one of the country’s premier homebuilders with a multitude of projects throughout the Southwest, has announced plans to build two new luxury lease communities in Arizona: Villas Litchfield Park and Villas Goodyear. Construction will commence in February with both projects expected to be completed in 2024. Villas Litchfield Park is being financed by Old … [More]
REIT to Acquire First Property, 20-Unit Apartment Building in Mesa
Neighborhood Ventures announced that Neighborhood Ventures Real Estate Income Trust (“NV REIT” or “the REIT”) has entered into a definitive agreement to acquire its first property, Venture on Williams. The acquisition will be through an equity buyout valued at $5 million or $250,000 per unit, which implies a 5.5% forward twelve-month cap rate. Venture on Williams, a 20-unit … [More]
Homebuilder Closes on 65 Homesites and Breaks Ground on 681 New Homes in Goodyear
Landsea Homes, a publicly traded residential homebuilder, announced today it has closed on 65 homesites and construction will begin immediately on a new neighborhood called Solvida in the Estrella master planned community in Goodyear, Arizona. The company has also broken ground on 616 new homes at Citrus Park with model home construction beginning later this … [More]
Goodyear Luxury Three- and Four-Bedroom Detached Rental Home Community Opens
Mark-Taylor Residential, Arizona’s leading investment manager of luxury multifamily communities, introduces BB Living at Civic Square to its esteemed portfolio. In partnership with developer BB Living, these newly completed, detached rental homes boast premium features many renters are seeking in today’s market. BB Living at Civic Square, located at 15125 W Oak St. in … [More]
Commercial Real Estate Trends to Look Out for in 2023
The year 2023 could be a challenging one for the commercial real estate industry, with the combination of market volatility, high inflation and interest rate hikes. Not to mention, the latter half of 2022 brought instability to the U.S. economy, causing hesitation and anxiety in consumers and investors. With the rise in real estate prices and the prospects of another looming … [More]
Optima: LEEDing the Way in Sustainability and Conservation
Optima, an award-winning real estate development firm, recently announced 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 … [More]
Active Adult Living Community Breaks Ground in North Phoenix
Liv Communities, a seasoned provider of luxury apartment homes, has entered the 55+ market with its recent groundbreaking of an age-qualified community in the Norterra area in North Phoenix. The upscale community, Liv+ Union Peak, on 21st Avenue north of Happy Valley Road, will boast 145 units and will be ready for occupancy in late summer/early fall of 2024. Active adults can … [More]
Homes at ‘Attainable Price Points’ Coming to Buckeye
Landsea Homes Corporation, a publicly traded residential homebuilder, has broken ground on Bentridge, located in Buckeye, Arizona, offering High Performance Homes at today’s entry-level price point. Supported by a partnership with Apple®, the homes utilize the Apple HomeKit™ environment to operate all home automation features from one mobile application. The 247-home … [More]
Phase One of Goodyear AirPark Breaks Ground
Lincoln Property Company’s Southwest division, LPC Desert West, and Scottsdale-based Harvard Investments have joined with the City of Goodyear and project stakeholders to break ground on the Phase One of Goodyear AirPark, a Class A industrial development. Phase One totals 1.6 million square feet in six buildings ranging from 81,000 to 775,000 square feet. Targeting mid- and … [More]
New Sub-Zero Manufacturing Space Breaks Ground in Goodyear
ViaWest Group, a Phoenix-based, full-service commercial real estate firm, began work in Goodyear on the latest Valley location for the Sub-Zero Group, Inc., which, at completion, will total more than one million square feet of manufacturing space in Goodyear for the major kitchen appliance company. ViaWest Group, Scottsdale Investment Management, and their building partners … [More]
