The award-winning Vistancia master planned community has announced it has begun its second phase of development within its Northpointe at Vistancia community, the fourth and final lifestyle community within the 7,100-acre Vistancia master plan. Set amongst the natural foothills of the Sonoran desert, and situated among the most elevated and mountainous land area within … [More]
Bridge Loan Firm Reaches Milestone of $1B in Commercial Real Estate Loans
RRA Capital, an investment firm specializing in commercial real estate (CRE) bridge loans, announced today that it has surpassed $1 billion in CRE bridge loans originated since inception. RRA, founded in 2008 at the behest of bankers with real estate problems, is a national, commercial real estate lending and consulting firm specializing in short-term, … [More]
$1.8B Mixed-Use Project Coming to Tempe
Local officials in Tempe, Ariz., are paving the way for a major mixed-use destination, South Pier at Tempe Town Lake, to take shape in the suburban Phoenix city at a cost of $1.8 billion. The Tempe City Council introduced the project and held the first public hearing on the approximately 3.5 million-square-foot development at a meeting on January 13, 2022. As noted in … [More]
East Valley Real Estate Investment Co. Closes Out Best Year since 2006
2021 will go down in the books as one of the best years in real estate and for Michael A. Pollack Real Estate Investments it has also meant the sale of five Valley shopping centers, many of which had been in his portfolio since the early 1990's. The sales, which all occurred in the fourth quarter of 2021 include the following. Pollack sold his Trailside … [More]
GTIS Partners Closes on Third Build-to-Rent Project in Phoenix Market
GTIS Partners LP, a real assets investment firm that manages in excess of $4 billion in gross assets with a focus on residential and industrial investments, today announced closing on Cotton Lane, a 13-acre site fully-approved for 144 build-to-rent units, located in Glendale, AZ. The Project will be developed in-house by GTIS with Sonoma Communities, a Phoenix based developer, … [More]
Rehabilitation Hospital Breaks Ground in Peoria
Adolfson & Peterson Construction, a top national construction management firm and general contractor, and Reunion Rehabilitation Hospitals, a system of state-of-the-art inpatient rehabilitation hospitals, today announced the groundbreaking of a new location in Peoria with support from America Development & Investments LLC, a leading healthcare real estate developer … [More]
First Phase of Multifamily at City North Begins with the Groundbreaking of New Development
Rental housing industry leader, Greystar, recently broke ground on the first phase of their multifamily housing development at City North in Phoenix, Ariz. This marks City North's first vertical element in the 100-acre project located just north of Interstate Loop 101 at the intersection of 55th Street and City North Drive in North Phoenix. Crown Realty is the … [More]
HelloFresh Subsidiary Factor Signs Full-Building Lease in Goodyear
HelloFresh’s subsidiary Factor, America’s leading fully prepared meal delivery service, completed a 300,100-square-foot lease in Goodyear. The lease is at Yuma|143, a still-under-construction, Class A, two-building industrial project being co-developed in Goodyear, Arizona by Chicago-based Baker Development Corporation (BDC) and New York’s Foundation Capital Partners (FCP), … [More]
Leading Industrial Developer and Investor Makes Push Into Fast-Growing Mesa
Capping an extraordinarily productive year, New York-based Wharton Industrial announced today that it has acquired a 101-acre parcel of land in Mesa, Arizona. The company plans to invest over $200 million into the site to develop an 11-building, 1.5 million-square foot Class A industrial park, to be known as ‘The Hub@202’. The buildings will range in size from 65,000 square … [More]
High-Tech Two-Story Office Building in Scottsdale Is First Project to Kick Off New Year for LGE Design Build
Kicking off the New Year, full-service commercial general contractor and in-house architecture firm LGE Design Build recently broke ground on the new office for the premiere workplace technology company Immedia. The two-story, 32,000 square-foot office building will stand at Bell Road and 82nd Street in Scottsdale. The office design features exciting and modern design … [More]
Expansive Development with Major Retailers, Restaurants and Entertainment Coming to Surprise
SimonCRE, a national commercial real estate acquisition and development company, announced that it is developing Village at Prasada, the West Coast’s first major power center in over a decade. Located in Surprise, Ariz., one of the fastest-growing suburbs of metro-Phoenix, Village at Prasada will bring more than 700,000 square feet of shops, a restaurant row, and entertainment … [More]
Abrazo Health Acquires Land for New Medical Campus Near Verrado
Abrazo Health has acquired property to develop a medical campus on 27 acres near the southwest corner of I-10 and Verrado Way. The initial phase of the development is expected to break ground in 2022. Plans for the campus include a medical office building, ambulatory services and an acute care hospital. Abrazo Health anticipates that its new medical campus will be a health … [More]
COP26 – Strategies for Decarbonization and Impact on the Built Environment
It is a known fact that there is a direct relationship between carbon dioxide emissions and global warming, and the real estate industry makes up 49% of global carbon emissions when accounting for construction and building performance. It is of great importance, therefore, to get to zero. At COP26 – UN Climate Change Conference, Gensler announced its green materials … [More]
Predictions for the Phoenix Multifamily Market in 2022
Phoenix real estate is on fire, and multifamily investments have enjoyed a year of unprecedented growth. The key drivers generating the tremendous sales volume of apartment buildings in the Valley last year are expected to continue into 2022, making the outlook for Phoenix multifamily incredibly positive. The No. 1 driver of the Phoenix multifamily real estate market is the … [More]
New Boutique Hotel in Old Town Scottsdale
On the site where once sports fans crowded the hallways or gazed from their tables to revel in the sports memorabilia mecca that was Don & Charlie’s steakhouse, Opwest Partners and Argosy Real Estate Partners last month opened the doors to Senna House. It is the first new hotel to open in the Scottsdale Entertainment District in 13 years. “Senna House has been in the … [More]
Flexibility Designed into Fully Spec Industrial in Gilbert
Developers GID and SunCap Property Group recently broke ground on the next major stage of development at Gilbert Spectrum: three brand new, fully speculative, Class A industrial buildings. “The Phoenix industrial market has been on a growth streak since before the start of the pandemic,” says Rusty Martin, operations manager of the Southwest Division at Graycor Construction … [More]
Build-to-Rent in Avondale
Scottsdale-based Empire Group of Companies, a leader in mixed-use high-rise and build-for-rent development, recently broke ground on a build-for-rent community in the West Valley. The Village at The BLVD will include 187 single-family homes for rent within the gated community located in Avondale, just west of Avondale Blvd. on the southwest corner of 111th Avenue and Roosevelt … [More]
