ScanlanKemperBard (SKB), announced that it has successfully recapitalized its High Street project at 5415 East High Street, Phoenix, Arizona. Since its original construction in 2008, visitors and locals alike have flocked to the mixed-use project, which is located on a 24.9-acre parcel of land near the Loop 101 in North Phoenix. The entertainment complex features an urban, … [More]
New Independent Living Communities Set to Open in Scottsdale
Award-wining interior design firm, Private Label International, was selected by Revel Communities, a division of The Wolff Company, to design the company’s two new independent living communities in Scottsdale, AZ. Revel Scottsdale and Revel Legacy are scheduled to open this summer. Revel Scottsdale, located on Indian Bend Rd. and Hayden Rd. in Scottsdale, offers a … [More]
Construction Loan Finalized for Phoenix Central Station Development
CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that a CIM-managed fund has closed a $204 million construction loan to Medistar Corporation, GMH Communities, and a fund sponsored by CBRE Investment Management to finance the development of Central Station, a one million-square-foot mixed-use transportation hub … [More]
San Antonio Developer Expands Footprint in Phoenix Area
Embrey, a San Antonio, TX-based vertically integrated real estate investment company, has closed on land in Goodyear, Arizona, the future home to the Senna at Canyon Trails multifamily community. With this development, Embrey is further broadening its footprint in the Phoenix metropolitan area, one of the fastest-growing markets in the country. Senna at Canyon … [More]
Real Estate Crowdfunding Co. Finds Success with Midtown Complex Investment
In less than a day Arizona-based real estate crowdfunding company Neighborhood Ventures reached 77% of its target fund amount for Venture on 12th Place, a 30-unit contemporary apartment complex in Midtown Phoenix. Since its launch, 130 Arizona locals have invested a total of $1,161,000 into the property, The target hold period for this project is three years, with a targeted … [More]
Leading Sports Brand Commits to One Million Square Feet in Glendale
Cresset Partners announced that it had agreed to a 15-year lease with PUMA, one of the world’s leading sports brands. PUMA will lease a one million square foot building at 303 Crossroads, a logistics development located outside Phoenix, Arizona and developed in partnership with Clarius Partners. 303 Crossroads is the second state-of-the-art warehouse project to be completed … [More]
Sale-Leasebacks Allow Property Owners to Have Cake and Eat It, Too
Economists continue to debate whether a recession is coming, but most agree some kind of market correction is on the horizon. As a result, some business owners — especially those who own their buildings — are considering getting out while the getting is good. Having an exit strategy in mind when investing in income-producing commercial real estate is imperative regardless of … [More]
Prop Tech Is Streamlining the Real Estate Investment Process
High population growth areas like Phoenix are struggling to keep up with the real estate market’s demands because of low inventory. To help close the housing gap in the U.S. and bring properties to the market faster, Stoa’s iBuyer platform, FlipOS, focuses on helping professional real estate investors acquire and flip residential properties at an accelerated rate. There are … [More]
Land Sale Adds to the Expansion and Development of Litchfield Park
The recent sale of 5.45 acres on the southwest corner of Citrus and Bethany Home roads, which traded for $2,200,000, served as a stepping stone for the area as it not only generated the highest price per square foot for land in the area but also sparked the residential development of 182 acres across the street. The buyers plan to develop a state of the art self-storage … [More]
Cavasson Continues Growth with Commitment from Meritage Homes
Cavasson, a development at Loop 101 and Hayden Road in Scottsdale, recently added leading U.S. homebuilder Meritage Homes’ corporate headquarters to the strong mix of tenants that so far includes Stealth Partner Group, Sigma Company’s Bar-S Foods and Quantum Group. “This significant commitment from Meritage Homes paves the way for the next phase of office development at … [More]
The Future of Work: Dynamic Environments
As we think about the future of work, we know we’re not going back to the old ways of doing things. We have an opportunity to explore new possibilities, bringing the best of how we worked during the pandemic to work better post-pandemic. We can imagine a new workplace ecosystem that puts the focus on what’s best for individuals and teams based on how they do their best work. … [More]
Contour JV Lands $68M for Large Phoenix-Area Development
Contour and co-developer Miramar Industrial Partners, the industrial arm of Miramar Capital, along with capital partner DWS Group, have obtained financing for Southern Industrial Center, a 1.2 million-square-foot development in Buckeye, Ariz. Bank OZK provided the $67.7 million construction loan, Maricopa County records show. The partnership acquired the 77-acre … [More]
Walton Global Sells Land in Industrial Foreign-Trade Zone in Eloy
Walton Global, a real estate investment and land asset management company with US$3.6 billion under management, has sold 92 acres of land in the city of Eloy, Arizona. The property is an industrial zoned project within a partially developed master plan called Sunshine Industrial. “The City of Eloy has experienced rapid growth over the last few years as businesses flock to … [More]
Family Construction Co. Rebrands after 30 Years, Looks Ahead to What’s Next
A new company name. A new brand. A new team of leaders. After 30 years, still – and always – a family business. Historically known as an industrial new-build firm, Renaissance Construction – formerly Renaissance Companies – is rebranding and shifting its focus to encompass business on both ends, new-build and tenant improvements, among several market types, to support its … [More]
