The Luxe at Desert Ridge, a premier luxury condominium development situated beside the JW Marriott Desert Ridge Resort, will soon commence its Phase 4 construction. Slated to begin this summer, this expansion will introduce 87 new condominium homes across two buildings and an additional resort-style pool to its already impressive array of amenities. Since welcoming its first … [More]
High-End Retail Center Sells, Brings Hawaii-Based Seven Brothers Burgers
Phoenix-based retail brokerage specialist Western Retail Advisors has completed the $11.1 million sale of 83 Marketplace. The newly built, Class A retail center was developed by Scottsdale-based Cavan Companies. It spans three buildings at the prominent corner of 83rd Avenue and Happy Valley Road in Peoria, Arizona. The property buyer is a franchisee of Hawaii-based Seven … [More]
Industrial Report: Third Highest Phoenix Q1 Leasing Activity on Record
Leasing hits 6.3 million s.f. for the quarter, with more demand and absorption on the horizon
The Phoenix Office of JLL has released its Q1 2024 Phoenix Industrial Report, noting 6.3 million square feet of new leasing activity – a 60% spike from the previous quarter marking Phoenix’s third-highest Q1 leasing performance on record. According to the Q1 report, activity was boosted by an uptick in demand for big box warehouses “The first quarter of the year was … [More]
655 New Energy-Efficient Homes Go on the Market
Meritage Homes, the fifth-largest public homebuilder in the U.S., has opened two new communities, Abel Ranch and Bella Vista Trails, in the greater Phoenix area. Abel Ranch in Goodyear is conveniently located near the I-10 and Loop 303, providing easy access around the valley. Residents will enjoy nearby dining and entertainment at the Pebble Creek Golf Course. Located in San … [More]
Construction Begins on Major Street Infrastructure of Goodyear’s New Downtown
RED Development and Scottsdale-based Globe Corp. announced a construction milestone at GSQ with the groundbreaking of Goodyear Way, the major street infrastructure connecting Goodyear Civic Square at GSQ to the 150-acre mixed-use development poised to become the city’s new downtown. A joint venture between RED Development and Globe Corp., GSQ is set to transform Goodyear … [More]
Commercial Developer Gets Green Light to Move Ahead with Tempe Industrial Center
Nexus Commerce Center to Fulfill I-10 Industrial Corridor Demand
Creation, one of Arizona’s most prominent commercial real estate developers, has been given the green light to move ahead with construction on a three-building, 16-acre industrial park in Tempe, marking the company’s first industrial undertaking within the city. Nexus Commerce Center is a three-building, 274,000-square-foot development located on the southeast corner of … [More]
Investment Partnership Acquires The Scottsdale Plaza Resort & Villas
37.4-acre resort in Paradise Valley includes 404 hotel rooms and suites
A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Investments, announced the acquisition of The Scottsdale Plaza Resort & Villas, located in Paradise Valley, Arizona. The Scottsdale Plaza Resort & Villas features 404 rooms spread across the central hotel and surrounding villa … [More]
Coyotes Announce Commitment to Build Privately Funded Arena & Entertainment District
Following the release of a public land auction notice from the Arizona State Land Department for 110 acres of state-owned land at the Northwest corner of Scottsdale Road and the Loop 101 in the City of Phoenix, the Arizona Coyotes announced their commitment to win the auction and develop the land into an unrivaled sports, lifestyle and entertainment district without taxpayer … [More]
Howard Hughes Names First Four Homebuilders for New Community in Phoenix’s West Valley
Howard Hughes Holdings Inc. announced the first four homebuilders for the launch of Teravalis™, the company’s new 37,000-acre community in the Phoenix West Valley. Lennar, Brightland Homes, KB Home, and Courtland Communities will build the initial homes in Floreo, the first village being developed in Teravalis, that is expected to deliver the community’s first 5,000 homes to … [More]
What’s In and What’s Out: Workplace Trends for a Changing Workforce
Hybrid is here to stay. As more companies relocate to the Phoenix metro area, focus will be less on how many people come into the office and more on how the office can support individual needs. To evolve with changing demands and earn people’s commutes, the workplace will undergo several other key shifts: from one-size-fits-all to curated destinations; from static office … [More]
