Mark-Taylor Companies, a leading luxury multifamily developer, owner and manager in Arizona and Nevada, is proud to announce the official launch of Mark-Taylor Consulting (MTC), its third division of business. Initiated in 2021, MTC has now expanded into an official offering to provide consultation throughout the entirety of the asset life cycle, extending beyond traditional … [More]
Harvard Investments Promotes New President
Building enduring communities is the driving force behind Harvard Investments, which is forging a name in the Valley’s development community with key acquisitions and ground-up development. The real estate investment and development firm is now proud to announce the promotion of Tim Brislin to President. Brislin, a strategic leader and development industry expert for more … [More]
City North Residential Phase II Breaks Ground
Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, announced that it has broken ground on City North Residential Phase II. “We are excited for our partnership with SofMac Partners and Security Benefit Life Insurance Company on the second phase of the City North project,” said Billy Cundiff, Managing Director, … [More]
Greater Phoenix Posts Historic Level of Industrial Completions
New 12 million square feet elevate net absorption and vacancy rate
The Greater Phoenix industrial market posted its historically highest level of new industrial space completions during third quarter, adding 12 million square feet to the city’s inventory. This drove a rise in net absorption and also elevated the vacancy rate, according to a report released by Colliers in Arizona. The industrial market of Phoenix remains the strongest sector … [More]
Top-of-the-line Large-Scale Cold Storage Facility Opens in Phoenix
The grand opening of the highly anticipated state-of-the-art Ti Cold constructed Phoenix Cold Storage Facility, fully operated by Arcadia Cold Storage and Logistics, is here! Designed and built by Ti Cold (Melbourne, FL) the Phoenix facility is located in the city of El Mirage, between US Interstates 17 and 10 in the heart of the Southwest distribution market. The site will … [More]
T.W. Lewis Foundation Announces New Executive Director
T.W. Lewis Foundation recently hired Steve Smith, former Arizona Senator, to lead the organization as its new executive director. In this role, Smith manages grant distribution, non-profit assessments and activities to enhance the foundation’s overall core program areas. “Steve is an energetic and entrepreneurial leader with significant experience in the public sector and … [More]
Rising Temperatures in Phoenix Require Thoughtful and Sustainable Urban Design
Warming global temperatures have been one of the key drivers of climate change. As myriad odd weather patterns have developed over the past three to four decades, one of the most notable changes locally has been the shift of the monsoon weather patterns in late summer. A contributing factor has been the buildup of Metro Phoenix, creating the urban heat island, or ”heat dome,” … [More]
Demand for TI Work in CRE Heats Up amid Economic Uncertainty
Phoenix’s robust industrial market is propelling the region to the forefront of the industry, driving both increased construction of industrial spaces and a surge in tenant improvement (TI) projects. The rise in TI projects, which entail making modifications to an existing building in order to tailor it to fit the business’s unique needs, highlights the growing demand for … [More]
New Affordable Housing in South Phoenix and Goodyear
Dominium, one of the nation’s leading owners, developers and managers of affordable housing, recently held a grand opening of 308 units of affordable housing for working families in South Phoenix on October 24 and broke ground on 657 units of both family and senior affordable housing in Goodyear on October 25. The Goodyear project is Arizona’s largest affordable multifamily new … [More]
Affordable Housing Is Part of Tempe Development
Wexford Developments and Wexford Real Estate Investors is bringing much-needed workforce housing to Downtown Tempe. First & Farmer is a seven-story building comprised of 200 rental apartments, including 180 market-rate units and 20 affordable housing units. The project’s unit mix is comprised of 18% studios, 62% one-bedroom units and 20% two-bedroom units. The project is … [More]
