It's one of the Valley’s most iconic addresses, drawing the likes of John Wayne, Clark Gable and over 10,000 annual visitors. And it now has new ownership committed to preserving its character and charm in perpetuity. El Chorro, which first became part of the local landscape back in 1934, when it opened as the Judson School for Girls, has since become one of the state's most … [More]
Single-Family Detached Rental Community Coming to South Mountain
Curve Development, based in Arizona, brings modern single-family homes to rent at South Mountain. The new development, Cyrene at South Mountain, is located just west of 16th Street and north of Baseline Road. Curve’s latest project is now pre-leasing, offering 72 homes, with over 3,500 more in the developmental pipeline, spread across 26 communities in multiple … [More]
Semiconductor Equipment Manufacturer Plans Additional Hiring Growth in Chandler, Signs Sublease
Netherlands-based ASML has signed a seven-year, 38,000 square foot office sublease on Price Corridor at 2625 W. Geronimo Place. ASML is currently located in the same business park, Chandler Freeways Crossing, in a different building. Tenant improvements are expected to be complete later this year with ASML moving into their new building in December. ASML provides chipmakers … [More]
Homebuilder Breaks Ground on 172 Homes in Mesa at Eastmark
Landsea Homes Corporation, a publicly traded residential homebuilder, has broken ground within the Eastmark master planned community in Mesa, Arizona. “Eastmark is such a desirable location to live in the Phoenix metro area, with top-rated schools and beautiful surrounding neighborhoods,” said Kaylee Smith, Arizona Division President, Landsea Homes. “We look forward to … [More]
Spec Industrial Park to Begin Construction at Mesa Gateway
Ryan Companies US, Inc., a national developer, designer, builder and property manager offering full-service commercial real estate solutions, along with joint venture partner DWS, announced today that construction will begin next month at the Confluence @ Mesa Gateway. “This project and partnership allows DWS to continue executing on its strategy to develop and own best in … [More]
‘Kid Builders’ in Phoenix to Break Ground on State-of-the-Art Preschool
Custom hardhats on their heads and shovels in hand, approximately 25 “kid builders” are set to break ground on the new Small People Preschool 2.0 in North Central Phoenix. According to Jo Clute, principal and owner, the preschool will embrace all income levels, including those who rely on DES subsidies. Children ages 5 to 12 who currently attend the preschool, presently located … [More]
Investment Firm Acquires Phoenix 332 Unit Residential Building
KKR, a leading global investment firm, announced the acquisition of The District at Scottsdale, a 332-unit Class A residential building. Constructed in 2019, The District in Scottsdale is located in the heart of Scottsdale’s premier lifestyle hub, directly adjacent to the dining, shopping and entertainment options of Scottsdale Quarter and Kierland Commons. RPM Living will … [More]
Largest Resort Property in Scottsdale Area Sells
Lee & Associates, which specializes in providing exceptional commercial brokerage services of industrial, office, investment, multifamily, retail, and land, is pleased to announce the landmark sale of The Scottsdale Plaza Resort, LLC. The buyer is a partnership between the premier hospitality management company, Highgate and Rockpoint Group. Brent Moser, Mike Sutton and … [More]
Build-for-Rent Investment Firm Expands Into Phoenix Single-Family Rental Market
As U.S. consumer demand and investment interest in rental housing increases dramatically, SVN | SFR Capital Management (“SVN | SFR”) today announced the launch of its commercial real estate (“CRE”) investment firm dedicated to the growing Build-for-Rent (“BFR”) rental home asset class. With its industry depth, investable inventory, and relationships with developers, … [More]
The Endurance of the Super Amenity in Multifamily Development
One challenge that has been on the forefront of our multifamily clients’ minds over the last year is amenity occupancy and programming. During this time of uncertainty and change, it is vital to take a step back and truly understand community needs and expectations for communal spaces, allowing for thoughtful, strategic design. Prior to the pandemic, amenities were all … [More]
AZ’s First Cross-Laminated Timber Project Breaks Ground in Tempe
Leading U.S. developer and builder Mortenson, in partnership with PGIM Real Estate and Urban Development Partners, has broken ground on its anticipated The Beam on Farmer Class A office building in the heart of downtown Tempe, and named the Phoenix office of JLL as the building’s exclusive leasing broker. From project architect RSP Architects, the five-story, … [More]
Novus Innovation Corridor Achieves National Sustainability Recognition
In a first for Arizona, the Novus Innovation Corridor earned LEED-ND Gold certification last month from the U.S. Green Building Council. Novus, the 355-acre mixed-use, public-private partnership between Arizona State University and Catellus Development Corporation adjacent to the ASU Tempe campus, is the first LEED-ND community certified at any level in Arizona. “This is a … [More]
Environmental Due Diligence Helps Move Industrial Project Along
Transforming into an 83-acre industrial park on the former site of a cement plant, Merit Sky Harbor Industrial Park will span nearly 1 million square feet and will include new light rail routes and hiking trails along the Salt River in addition to the industrial space. To help Phoenix-based Merit Partners transform the property into a vibrant business park, award-winning … [More]
Industrial Construction in Mesa’s Elliot Road Technology Corridor
Marwest Enterprises, LLC, owner and developer, recently broke ground on Elliot 202, a new, 1,080,240-square-foot speculative industrial development along the 202 Freeway in Southeast Mesa. The planned industrial buildings are located on the freeway-fronting northeast corner of S. Hawes and Elliot Rd. and are scheduled to be completed in December this year. Calling it the … [More]
Medical Office Project Planned in Goodyear
Wentworth Property Acquisitions, LLC plans to start construction in Q4 this year on a new Class A medical office project near W. McDowell and Bullard avenues at 1830 N.E. Bullard Ave. in Goodyear, with completion planned for Q4 of next year. Goodyear Medical will be a two-story, medical office building totaling 57,000 square feet of space situated in close proximity to the … [More]
Phoenix to Consider Downtown Building Purchase, 911 Operators First on List to Move In
The city of Phoenix is planning to purchase an office tower next to city hall to consolidate more city departments into office space and create efficiencies. The 27-story Wells Fargo Plaza located at 100 W. Washington is just east of Phoenix City Hall. If purchased, the building would house multiple city departments now spread out in various locations in the downtown … [More]
