Six years ago, we began concepting a new type of senior community with the goal of reinventing the look and feel of senior living. Our team’s design backgrounds mainly included experience in market-rate multifamily properties, high-concept leasing and cultural galleries, and hospitality, so we approached senior living with zero pre-conceived notions. We started the process by … [More]
Phoenix Data Center Numbers Are High
Phoenix, which has been one of the nation’s strongest-performing data center markets for the past many years, continues to shine. Thanks to our booming population, a mix of cloud, social media and technology companies are all vying for space here. This keeps demand always ahead of supply, even within the Valley’s significant inventory of Class A data center product. This … [More]
George Oliver’s Arbor to Bring ‘Urban Organic’ to Downtown Tempe
Downtown Tempe is one of the nation’s most dynamic office markets and the perfect location for the Arbor’s high-touch design concept and unmatched amenity base. It is exactly what users are asking for as they reoccupy their office spaces. We pulled great inspiration from the Mill Avenue landscape for our development and will be including Instagram artwork features and a signage … [More]
Camelot Homes Plans Three Luxury Communities in Scottsdale
Camelot Homes recently closed on the purchase of three parcels of land in Scottsdale, with plans to break ground this year on three new luxury gated enclaves with a combined total of 29 homes: Aura, on 8.5 acres at the southeast corner of 128th Street and Shea Boulevard; The Collection, on 4.7 acres at the northeast corner of 74th Street and Valley View Road; and Legacy at D.C. … [More]
MAK Homes’ New South Mountain Community Celebrates Area History
Designed by MAK Homes, Heard Farm is an intimate 24-home community offering modern farmhouse- styled homes focused on sustainable living and intently echoing the agricultural history of this property. The five unique home designs of Heard Farm are in direct response to the agricultural context of the South Mountain area focusing on simplicity and elegance. The Heard Farm home … [More]
Landsea Homes Breaking Ground on Communities East and West
Landsea Homes recently broke ground on three new communities in Arizona: El Cidro in Goodyear, 201 homes featuring the small-town charm of single-family homes; Rev at Eastmark, offering 90 modern single-family homes in Landsea Homes’s newest neighborhood in the Eastmark master plan in Mesa; and The Villages at North Copper Canyon in Surprise, 315 one- and two-story … [More]
Materials Matter in Combating Climate Change
Tackling climate action in the building industry starts with making conscious decisions about the materials with which we build. Today, the production, maintenance and disposal of the materials used in building construction are responsible for 11% of global greenhouse gas emissions. This accounts for roughly a quarter of annual building sector emissions, a percentage which is … [More]
Move Over Apple and Meta: 1.6M Square-Feet Planned Industrial in Mesa Gateway Submarket
IndiCap, a newly formed boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, in a joint venture with AECOM-Canyon Partners, announced its entry into the Phoenix real estate market with the recent $48 million acquisition of two parcels of land totaling 113 acres in the Eastmark master-planned community … [More]
Dignity Health Breaks Ground on a 45,000 SF Medical Building in Gilbert
A celebratory groundbreaking ceremony took place on Wednesday, April 20, 2022 to mark the commencement of construction on Mercy Gilbert Medical Center Medical Office Building III. The new, two-story 45,0000 SF facility will be located at 3477 South Mercy Road Gilbert, AZ. The project is the third medical office building located near the Dignity Health Mercy Gilbert Medical … [More]
Sentral Brings Innovative Flexible Living Concept to Scottsdale
Sentral, the category-defining prop-tech company building the world's largest flexible living community, today announces the addition of its 12th community to its rapidly growing portfolio – Sentral Old Town in Scottsdale, Arizona. With more than 28 percent rent growth in Scottsdale from February 2021 to February 2022, the city's newest flexible living community offers … [More]
Homebuilder Acquires 252 Acres for 774 New Homes in Valley Hot Spot
Tri Pointe Homes® Arizona, a recognized leader serving the Phoenix market for over 30 years under the name Maracay®, has announced the acquisition of 252 acres to build 774 new homes in the Ware Farms planned community, located in the highly sought after San Tan Valley. The more than $27.7 million land transaction fits Tri Pointe Homes’ strategy of building quality, innovative … [More]
Work Starts on One-Million-Square-Foot Central Station High-Rise in Downtown Phoenix
Medistar Corporation, GMH Communities, and CBRE Investment Management were joined by Phoenix Mayor Kate Gallego, Vice Mayor Laura Pastor, Councilwoman Yassamin Ansari, and an audience of business and community representatives, to celebrate the ceremonial groundbreaking of Central Station, a dynamic one-million-square-foot mixed-use development that will sit adjacent to Civic … [More]
Smooth Sailing for Phoenix’s Office Developments
Office construction continued steadily across Greater Phoenix in February, according to CommercialEdge, with no additions to the metro’s pipeline. Some 2 million square feet of space were underway in The Valley, accounting for 1.5 percent of stock. All current developments are slated for completion throughout 2022. Most projects will add traditional office space to The … [More]
Industrial Park Breaks Ground in Peoria, Attracts Top Tenants
VanTrust Real Estate, LLC, a full-service commercial real estate development company, broke ground on Phase I of the 150-acre Peoria Logistics Park, which will consist of up to eight buildings. The project represents the largest Class A industrial park to be developed in the Peoria submarket. Peoria Logistics Park is located just two miles east of the Loop 101 at the … [More]
Health Sciences Center Coming to Phoenix
Phoenix will soon harbor a new University of Arizona Health Sciences research facility. Once completed, The Center for Advanced Molecular and Immunological Therapies (CAMI) will serve as a health sciences hub for the study of the immunology of cancers, infectious diseases and autoimmune conditions. CAMI will anchor the 30-acre Phoenix Bioscience Core, the planned 6 … [More]
BioProcure Announces Office Expansion to Chandler
BioProcure, the premier procurement and accounts payable services company for biotech companies, announced today its expansion to a temporary office in Chandler, Arizona. BioProcure expects the temporary office to be operational in April 2022 with plans to establish a permanent Arizona location by 2023. BioProcure will be located within Workpliciti, which is a flexible office … [More]
