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]
