Agate Construction, a leading construction company specializing in innovative projects across various commercial and industrial industries, announced it will construct four new aircraft hangar buildings on 4.13 acres of Falcon Field Airport property. Representing Agate Construction’s eighth construction project in partnership with DKS Properties LLC’s ownership, the buildings … [More]
$185 Million ASU Multi-Level Research and Education Building Hits Milestone
The $185 million Interdisciplinary Science and Technology Building 12 (ISTB12) project at Arizona State University’s (ASU) Polytechnic campus in Mesa, Ariz., recently reached the topping out construction milestone, marking the placement of the structure’s final beam. Once completed, this new multi-level research and education building will be an innovation landmark for Ira A. … [More]
268-Home Luxury Community Opens, Creates Ideal Connectivity throughout Phoenix Metro
Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, today announced the start of leasing at Harwood, a luxury community ideally located in North Phoenix. Harwood includes 268 upscale apartment homes that offer the ultimate in comfort and convenience. Its spacious, well-appointed … [More]
Aircraft Parts Supplier Upgrades, Expands into Tempe Industrial Building with $27.5 M Purchase
Setna iO/Setnix purchased a prime 112,300-square-foot industrial property located at 1345 S. 52nd St. in Tempe, Arizona for $27,500,000, marking a significant local expansion for the global organizations. They specialize in aftermarket aircraft parts supply and high-tech airplane parts machining and repair. The newly renovated facility features a 32’ clear ceiling height, … [More]
Healthcare Real Estate Investment Co. Acquires Dignity Health Micro-Hospital in Phoenix
HPA Exchange LLC, a healthcare real estate investment sponsor created by the executive team of Healthcare Property Advisors, a vertically integrated healthcare real estate owner and operator, announced today the acquisition of a micro-hospital with emergency room and imaging center that is 100% leased to Dignity Health in Phoenix. Located at 7171 S. 51st Drive. "We are … [More]
Serving Sustainability through Data Center Design
Potential to restore ecological and social amenities
The past decade has seen a boom in data center development. AI, smart devices and advanced technologies have accelerated the demand for data processing, projecting a global generation of 2,100 zettabytes of data by 2035. Arizona is well positioned as a prime location for these facilities due to the low-risk climate and large parcels of land. However, not all see data centers as … [More]
Industrial Real Estate: Positioning for Growth in a Standout Market
Amid national headlines of a market-correcting “normalization,” Phoenix’s industrial real estate market has shown remarkable resilience in 2024 as it returns to steady, pre-pandemic growth levels — a positive development for the industry. Unlike many parts of the country, Phoenix is experiencing a robust economic expansion, driven by the arrival of global semiconductor … [More]
Celebrating a Decade of Innovation in Arizona’s Single-Family Rental Market
This year marks the 10th anniversary of TRICOR, an opportune moment to reflect on the transformation within the single-family rental (SFR) sector, particularly in Arizona. Over the past decade, the SFR market has evolved from a post-crisis alternative to a robust component of the national and state housing landscape. Evolution of the SFR Market When TRICOR began in 2014, the … [More]
CapRock West 202 Logistics
CapRock Partners’ marquee Phoenix asset is CapRock West 202 Logistics, an eight-building, industrial warehouse complex along Loop 202, south of the I-10 interchange. At total project completion, it will offer 3.4 million square feet of Class A industrial space on 183 acres, making it the largest speculative industrial development in Phoenix’s history. The first phase, … [More]
Chandler Airport Business Park
Chandler Airport Business Park is a newly completed 318,683-square-foot Class A industrial property in Chandler. This strategically located asset comprises four modern freestanding warehouse buildings ranging from 56,756 to 103,639 square feet. With convenient access to major regional transportation routes, it supports the robust business growth in and around Chandler’s Airpark … [More]
Longbow Industrial Park
CapRock Partners recently acquired Longbow Industrial Park, a newly completed two-building Class A complex totaling 244,286 square feet in Mesa's Falcon Field submarket. This state-of-the-art distribution and manufacturing facility supports the area’s burgeoning businesses and expanding enterprises, particularly around the technology and semiconductor industries. Building … [More]
Construction Co. Names President of Southwest Office
Big-D Construction is pleased to announce that Carl McFarland has been promoted to President of the construction company’s Southwest office. “Since joining our Big-D Family of Companies in Spring 2022, Carl has brought a meticulous level of insight and leadership to our Southwest office,” said Troy Thompson, COO of Big-D Companies. “Through careful evaluation of the office’s … [More]
Homebuilder Breaks Ground on 663 Homesites in San Tan Valley
Tri Pointe Homes Arizona, a recognized leader serving the Phoenix market for over 30 years under the name Maracay®, has announced the groundbreaking of 663 new homesites at Soleo, a premier planned community in San Tan Valley. Tri Pointe Homes’ 252-acres are expected to feature eight model homes with a grand opening anticipated in 2025, furthering Tri Pointe’s strategy to build … [More]
Investment Real Estate Co. Expands to Arizona, Veteran Broker to Lead Phoenix-Based Team
Secure Net Lease, a nationally-recognized brokerage that specializes in the acquisition and disposition of investment real estate throughout the United States, is expanding its national footprint. Senior commercial real estate broker Steve Lowe and his Phoenix, Arizona-based team that specializes in multi-tenant retail and shopping center sales, have joined Secure Net … [More]
Phoenix Industrial Market Adds 10 Million New Square Feet in Q2, Says Report
Strong net absorption of 5.3 million square feet helps vacancy remain below 10 percent
The Greater Phoenix industrial market delivered 10.0 million square feet of new space during second quarter, marking the completion of a portion of the record construction started in 2023, according to a report released by Colliers. Strong net absorption totaling 5.3 million square feet assisted in minimizing vacancy rate escalation, resulting in a current vacancy of 9.0 … [More]
Developers Break Ground on $100M Mixed-Use Development in Gilbert
Okland Capital and San Tan Development Group announced they have broken ground on phase one of Northside at SanTan Village, a brand new mixed-use development that will bring high-end retail, restaurant and hotel amenities to the SanTan Village submarket in Gilbert, Arizona. Located on the east side of Santan Village Parkway between Williams Field and Ray roads, Northside phase … [More]
Westgate-Adjacent 296-Unit Multifamily Property Sells for $76.6M in Glendale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Glen 91, a 296-unit multifamily asset in Glendale, Arizona. The property sold for $76.5 million, or $258,446 per unit. “The West Valley’s municipalities, which include Glendale, have experienced outsized growth in the post-pandemic boom and are among the Valley’s most in-demand … [More]
Phoenix Leads the Nation in Active Industrial Construction, Says Report
Valley’s industrial sector delivers over 10 million square feet last quarter, with 37 million currently underway
After delivering over 10 million square feet of industrial product last quarter, Phoenix continues to be a hotspot for industrial development and currently ranks first in the U.S. for active projects with 37 million currently underway, as highlighted in LGE Design Build’s Q3 Construction Delivery Outlook report released today. “Custom-built industrial projects, student … [More]
