Neighborhood Ventures, a leading real estate investment company utilizing crowdfunding to enable both accredited and non-accredited investors to invest in multifamily properties, announced today that the Mesa City Council has unanimously approved their zoning application for the site of the former American Inn on Country Club Road and Southern Avenue. The 6-0 vote paves the way … [More]
Four New Leases in SkySong 2 Building Bring Project to Near Capacity
SkySong, The ASU Scottsdale Innovation Center has experienced a flurry of leasing activity in recent weeks that has brought the project closer to capacity. Four new leases signed recently, all in the project’s SkySong 2 building, total more than 10,400 square feet. The five-year leases range in diverse uses, including GH2 Architects which signed for a 3,563-square-foot … [More]
48-Acre Industrial Park Breaks Ground Near Glendale’s Sports and Entertainment Corridor
VanTrust held a ceremonial groundbreaking event for Phase I of the 48-acre VT 101 industrial park, which will consist of three buildings totaling 750,000 square feet. Elected officials, City staff and the project team gathered to celebrate the occasion. VT 101 is located along Loop 101 at the southwest corner of North Ballpark Boulevard and 99th Avenue, adjacent to … [More]
Real Estate Development Co. Names Senior Director
VanTrust Real Estate, a national commercial real estate development company, announced the addition of Derek Flottum as Senior Director of Development for its Southwest Region. Flottum is an industry veteran that brings over a decade of development experience in Arizona. He will be working on existing industrial and office projects for VanTrust, as well as expanding the firm’s … [More]
Phoenix’s Central Station One Step Closer to Completion
Central Station redevelopment, the mixed-use, transit-oriented development project hosted a topping-out ceremony for the east tower May 23, 2024. This event marks a significant milestone in the construction progress of Central Station. Located in the heart of downtown, next to the historic Security Building, Civic Space Park, and ASU's Downtown Campus, Central Station is set … [More]
Global Semiconductor Equipment & Services Manufacturer Relocates HQ to New Tempe Location
JLL announced the completion of a building sale and new office lease that relocates the global headquarters of Amtech Systems Inc. into contemporary new office space within the Rio2100 mixed-use development in Tempe, Arizona. Amtech has operated its global headquarters in Tempe for more than 30 years, previously occupying a 14,720-square-foot flex industrial building 131 S. … [More]
12-Acre Truck Sales Center Breaks Ground in Tolleson
Haydon broke ground on a new Vanguard Truck Centers dealership in Tolleson. Located on 12 acres, the facility will span 60,000 square feet and will feature 26 service bays in an air-conditioned shop, a 24,000-square-foot parts warehouse, a state-of-the-art showroom and office area along with electric charging capabilities. Impact Development Management is the real estate … [More]
Development Co. Invests $25 Million to Finish Stalled Condo Community
Tannin Development Corp. announces the completion of Edison Midtown, a luxury condo community at 3131 N. Central Ave in Phoenix. The final phase marks the completion of the 110-unit community, which had been stalled for six years due to the original developer's inability to finish the project. Edison Midtown, situated in the vibrant midtown Phoenix neighborhood and business … [More]
Third-Party Logistics (3PL) Providers Still Driving Phoenix’s Big-Box Warehouse Demand in 2023
According to a new report from CBRE, third-party logistics (3PL) providers leased the most big-box warehouse space in Phoenix, accounting for 32.6% of all transactions. Phoenix is still considered a top big-box growth market. Down from 14.3% in 2022, Phoenix fell second to Savannah (12.9%) with a 6% growth rate in 2023. Around 23 million sq. ft. of space is currently under … [More]
Homebuilder Acquires Goodyear Land to Build 175 Homes
Tri Pointe Homes® Arizona, a recognized leader serving the Phoenix market for over 30 years under the name Maracay®, has announced the acquisition of land to develop approximately 175 new homes in the Abel Ranch planned community located in the West Valley suburb of Goodyear. The $8.75 million land investment marks the second phase of development within the existing planned … [More]
