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]
CRE Giant Debuts New Arizona Offices at The Grove in Phoenix’s Camelback Corridor
The Phoenix office of JLL has completed build-out and moved into its new Arizona offices, located on the first floor of the highly anticipated mixed-use destination, The Grove, at the northwest corner of 44th Street and Camelback Road in Phoenix’s sought-after Camelback Corridor. The new space expands JLL’s local footprint to 31,000 square feet, serving more than 120 JLL … [More]
$850M Iconic Metrocenter Mall Redevelopment Project to Begin Immediately
Concord Wilshire Capital and TLG Investment Partners, in partnership with Carl DeSantis’ CDS International Holdings Inc., announced today that the acquisition of the Metrocenter Mall, including the Dillard’s Building and U-Haul Building (formerly Macy’s Building) has closed. The transaction was completed with no mortgage financing on the property and will pave the way for … [More]
Industry Leader Launches CRE Enterprise Offering Best-In-Class Service for Property Owners
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]
