Wespac Construction, Inc. has announced the groundbreaking of the Papago Golf House, a new 14,100 SF office building located adjacent to the Papago Golf Clubhouse and Pavilion, 5595 E. Karsten Way, as well as the Arizona State University Golf Team Practice Facility. The project will serve as the headquarters for numerous state and national golf organizations involved with … [More]
Investment Co. Closes on Land in San Tan Valley to Develop Single-Family Build-to-Rent Communities
Harvard Investments closed on land sales to a homebuilder and multifamily developer who plan to construct single-family residences and build-to-rent units, respectively, in the growing, unincorporated community of San Tan Valley, Arizona. The two sales fetched $15.4 million. Harvard Investments, a real estate investment and development company, sold 133 guaranteed finished … [More]
NAIOP Market Monitor Offers an Alternative Approach to Evaluating CRE Markets
For the second year, the NAIOP Research Foundation has published the NAIOP Market Monitor, which evaluates office and industrial real estate markets using a two-dimensional analysis based on a metropolitan market’s size and its relative volatility – a departure from traditional commercial real estate market rankings. Among the key findings this year: Office markets with … [More]
West Valley Build-to-Rent Development Gets $51.5M in Construction Financing
Tower Capital arranged $51.5 million in non-recourse construction financing for the development of Skyview by Zen, a 190-unit Build-to-Rent (BTR) community in Phoenix’s West Valley. Tower Capital’s Kyle McDonough, Managing Partner and Co-Founder, and George Maravilla, Partner, arranged the financing on behalf of Zen and 10Y. “Zen’s development strategy is to deliver a West … [More]
Goodyear’s Growth Continues with Opening of Homebuilder’s Energy-Efficient Community
Meritage Homes, the fifth largest public homebuilder in the U.S., has announced the grand opening of a new home community in Goodyear, Silva Farms. Silva Farms is a gated community featuring 13 floorplans, a clubhouse, community pool, basketball court, walking trails, and more. Silva Farms is the latest and the largest of three new home communities Meritage has opened in the … [More]
Two Properties Close in High-Growth Areas of Buckeye, Totaling $20M
Arizona Land Consulting, the Valley’s leading, female-owned real estate consulting firm, announced two closings on two prime locations in Buckeye, the deals combined amounted to nearly $20M. The first acquired property is 72 acres that will be converted into a mixed-use development, located on Miller and Broadway, a rapidly growing area known for its economic development and … [More]
Rental-Housing Developer Announces Groundbreaking of Community in Chandler
Mill Creek Residential, a developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Chandler, a contemporary garden-style community in southeast Phoenix. The community, which will feature 345 spacious apartment homes and a modern farmhouse-style aesthetic, will include seven three-story … [More]
Peoria Townhome Community Installs New EV Chargers in Every Garage
Haven Townhomes at P83 in Peoria recently added electric vehicle (EV) chargers to each resident garage to make the community more ecofriendly. The community, managed by Bryten Real Estate Partners, installed 163 Wallbox Pulsar Plus charging stations in every detached garage for convenience and sustainability. The Wallbox Pulsar Plus charger they selected is compatible with … [More]
Schnitzer Properties Breaks Ground on Class A Multi-Tenant Industrial Property
Portland-based Schnitzer Properties and JLL announced the start of construction on Palm Valley Commerce Center, a Class A industrial project designed to serve local entrepreneurs and multinational corporations alike in the Phoenix metropolitan area. Located at Auto Drive and 137th Avenue in the rapidly expanding Phoenix-Goodyear Airport submarket of Goodyear, Arizona, Palm … [More]
First Phase of Retail at PV Nearly 100% Leased
The first phase of retail is nearing 100% leased at PV, the highly anticipated redevelopment of the former Paradise Valley Mall by RED Development, ahead of its grand opening this fall with the recent addition of seven new tenants, including first-to-market restaurants, upscale salons and a medical spa. This significant milestone is building momentum for the rest of the … [More]
VanTrust Getting Great Results with Glendale Developments
VanTrust Real Estate has developed a nationwide portfolio of projects, ranging from office, industrial and multifamily, to mixed-use and science + technology. The Kansas City, Missouri-based firm has an expanding reach across six regional offices, including a Southwest Division office here in Phoenix. Throughout the country, VanTrust has developed a reputation as a company that … [More]
Greystar Completes Industrial Project in Peoria
Greystar, a global leader in the investment, development and management of institutional-quality commercial real estate, recently completed Caliber by Greystar, a three-building, Class A industrial development in Peoria, Arizona. Caliber, which spans 411,918 square feet, marks the first development piece to deliver within Greystar’s $500 million, 88-acre Peoria Place master … [More]
Mosaic Completes Luxury Build-to-Rent Townhomes In Gilbert
Mosaic, the nation’s leading build-to-rent general contractor, recently completed construction on Town Germann, a new luxury BTR community in Gilbert, Arizona, encompassing 14.5 acres of developed land. Town Germann, by California-based Family Development, adds 209 rental townhomes to the region’s housing stock. According to the Morrison Institute for Public Policy, there is … [More]
Developer to Begin Construction on New Hotel-Conversion Housing Development in Ahwatukee
Hotel conversion and property expansion to bring 104 new apartments and 88 townhouse-style units to prime South Phoenix location
Caliber, a real estate investor, developer, and manager, announced completion of the funding for the first phase of the Company’s SP10 project, which will bring much needed new housing units to the Ahwatukee Foothills neighborhood in South Phoenix. The project will begin with the conversion of an existing 160-room hotel to 104 apartment units with Class A amenities. This will … [More]
General Contracting Co. Expanding Metro Phoenix Opportunities with New Lead Hire
Phoenix-based Stevens-Leinweber Construction has hired industry veteran Travis Dana to lead the company’s business development efforts as it continues its historic growth in the metro Phoenix market. In his role, Dana is charged with supporting and expanding existing SLC client relationships and pursuing new ground-up construction and tenant improvement opportunities for the … [More]
Elevated Class A Office Project in Mesa’s Riverview District Unveiled
Full-service commercial real estate firm Lincoln Property Company (Lincoln) unveiled plans for an expanded amenity package and move-in-ready speculative office space at Union Building One, the first of four Class A office buildings being developed by Lincoln and Harvard Investments in the heart of Mesa, Arizona’s Riverview District. Designed by award-winning interior architect … [More]
Phoenix Industrial Real Estate Market Is a Bright Spot in Today’s Economic Climate
Positive net absorption, continuing expansion by key players, strong pre-leasing and lower construction starts drive positive outlook
Thompson Thrift, a full-service nationally recognized real estate company engaged in industrial, commercial, multifamily, mixed-use and retail projects across the country, shared insights on the current state of the Phoenix industrial market and why they feel notable plans for near-term investment demonstrate a promising outlook for the future of the market. "While national … [More]
Canadian Real Estate Investment Firm Moves U.S. Western Operations to Phoenix
Trez Capital, a leading investment manager and provider of innovative and opportunistic financing for commercial real estate, is pleased to announce the relocation of its western United States operations to Phoenix. This strategic move aligns with the firm’s focus on operating in the strongest investment markets across North America. “This is a purposeful move for Trez … [More]
