National multifamily developer Wood Partners has expanded its footprint in Phoenix with the opening of two new properties, Alta Avondale and Alta Rise. These multifamily developments will bring more than 630 units to the fifth-largest metro in the country. "The Phoenix metro's rapid growth presents a unique opportunity for Wood Partners to play an active role in supporting … [More]
SkySong Sees Flurry of Leasing Activity Featuring New Space for Yelp, Expansions of Existing Tenants
SkySong, The ASU Scottsdale Innovation Center is seeing the benefits of its innovative approach with a flurry of new leasing activity. SkySong remains one of the Valley’s most dynamic and vibrant business hubs by consistently evolving to meet the needs of today’s businesses, startups, and professionals. The headliner in the latest flurry of activity is a new lease by Yelp for … [More]
Location and Amenities Elevate Industrial Project in Surprise
Sun State Builders, a leading design-build general contractor, recently broke ground on Crossroads at Surprise, a 114,495-square-foot industrial building for The Widewaters Group Inc. The $11-million ground-up build situated on a 7.3-acre site is located at 134th Avenue and Bell Road in Surprise. Construction is targeted for completion in September 2025. “This unique … [More]
2025 Interior Design Trends
The cultural effects of the last few years have been significant and have led to fresh perspectives on personal well-being and economic and environmental issues. By viewing design through a filter of cultural, social and economic shifts, we can identify trends that are temporary or evergreen, widespread or localized, and help navigate our clients to a solution that aligns with … [More]
The Future of Mixed-Use Communities in Phoenix
The 5 T’s are the new 5 C’s
For more than a century, Arizona’s economy has heavily relied on the 5 C’s: copper, climate, citrus, cattle and cotton. Even today, the 5 C’s serve as defining elements of Greater Phoenix’s cultural identity. But Arizona’s capital and its surrounding metropolitan area have experienced remarkable growth in recent years; as a metropolitan area, Phoenix is one of the fastest … [More]
Metrocenter Mall Redevelopment Begins
As walls came down at Metrocenter Mall on November 18, a new vision was unleashed for the 80-acre property. The demolition marks the start of an $850 million redevelopment, transforming the site into a vibrant multi-use, self-contained, transit-oriented community encompassing the city’s new Metro Light Rail station, which will serve as one of the major focal points of the … [More]
Ultra Infill Industrial for Sky Harbor Submarket
Full-service commercial real estate firm Lincoln Property Company will redevelop an infill site in the heart of Tempe into Sky Harbor Logistics, a two-building Class A industrial campus situated minutes from Interstate 10 and Sky Harbor International Airport. Lincoln acquired the property, located on 16.25 acres at 1515 W. 14th St., for $18.3 million. Originally built in 1977 … [More]
Redevelopment Adds Industrial in Airport Submarket
Evergreen Devco, Inc., a leading retail, multifamily and industrial development company, has entered the airport submarket with a $13-million investment for 12.68 acres on two key sites that will become 48th@Alameda. Currently housing a vacant two-story office building, 2727 South 48th Street will be redeveloped to construct two speculative industrial buildings totaling 171,025 … [More]
Office with Warehouse Near Sky Harbor
Cohen Asset Management, a private real estate investment firm headquartered in Los Angeles, contracted Tempe-based Sun State Builders to construct its 33,450-square-foot office suite and airconditioned warehouse project located just west of Phoenix Sky Harbor Airport. The Cohen Sky Harbor Building is a ground-up tilt panel construction that is targeted for completion in July … [More]
World’s Largest Classic Car Sales Co. Joins the $500M Peoria Place Master Plan
Greystar, a global leader in the investment, development and management of institutional-quality commercial real estate, has signed a lease with Gateway Classic Cars, representing its first tenant commitment at the three-building, Class A Caliber by Greystar industrial development in Peoria, Arizona. Under the lease, Gateway Classic Cars of Scottsdale will occupy 43,809 square … [More]
