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]
Developer Breaks Ground on Build-to-Rent Townhome Communities in Phoenix
Rockefeller Group, the U.S. real estate developer, owner, and operator, announced it has broken ground on Corsica Villas, two build-to-rent (BTR) communities totaling 152 townhomes in South Phoenix, the company’s first BTR communities in Arizona. Rockefeller Group has selected Mosaic, the nation’s leading BTR general contractor, as the general contractor to oversee all aspects … [More]
North Scottsdale Luxury Home Development Breaks Ground in Collaboration with Top Architect and Design Firm
Sonora West Development announced that it has broken ground and sold three of the planned 21 homes at its newest luxury home community, Serene, located in North Scottsdale near Dynamite & Alma School Roads. Limited to just 21 homes, each residence offers bespoke features such as custom interiors, advanced home technology, and meticulous landscaping. Buyers can choose from … [More]
Queen Creek Shopping Center Opens Top-Brand Retailers
Vestar, one of the leading privately held shopping center owners and managers in the western United States, is proud to announce the opening of Nordstrom Rack at Queen Creek Marketplace, on Thursday, May 16th. The 900,000-square-foot shopping center is located off the southwest corner of Rittenhouse and Ellsworth Loop Roads in Queen Creek. Nordstrom Rack is the off-price … [More]
Private Equity Firm Acquires Shopping Center, Marks Entrance into Arizona Market
First National Realty Partners, a leading national private equity firm specializing in commercial real estate, completed the acquisition of Horizon Village. The addition of this 113,252-square-foot shopping center marks the firm's entrance into Arizona and expands its presence into 26 states. Horizon Village is anchored by Food City, an affiliate of Raley's … [More]
Vestar Announces Phase 2 Groundbreaking for Vineyard Towne Center
On May 20th, Vestar will break ground on Phase 2 of construction, featuring anchor tenant Target, marking significant progress towards its anticipated grand opening in Fall 2025. Spanning a total of 260,000 square feet, Vineyard Towne Center will offer a diverse mix of retail shops, services, and dining options to the heart of the growing Queen Creek community. "This … [More]
Design-Centric Developer’s Latest Arizona Project Hits Construction Milestone
GO Industrial, a Phoenix-based development firm focused on delivering design-centric buildings with a location-first strategy throughout the Western United States, recently hit a major construction milestone at GO|AZ Ave after breaking ground in the third quarter of 2023. In April, the project went vertical, with the first tilt panels being raised at the 181,655 square foot, … [More]
Buckeye Industrial Logistics Building Sells for $60.1M
Cushman & Wakefield arranged the sale of a newly delivered 641,906-square-foot Class A industrial/logistics building on approximately 40 acres in Buckeye, Arizona, a growing city in the west Phoenix Metropolitan Area. Recently completed and strategically located with frontage along Buckeye’s I-10 freeway, just west of Verrado Way, the state-of-the-art building was fully … [More]
Goodyear Develops Walkable Urban Center
GSQ has reached a construction milestone 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 Scottsdale-based Globe Corp., GSQ is set to transform Goodyear as the city’s premier cultural hub … [More]
Class A Industrial Completed in Glendale
Construction has been completed in the development of Echo Park 303, a 676,176-square-foot industrial project located near the intersection of Northern Parkway and Reems Road in Glendale, within the thriving Loop 303 corridor. The Class A industrial center is 33% leased. The project, developed by Echo Real Estate Capital and designed and built by LGE Design Build, is poised … [More]
Live, Work, Shop, Play in Gilbert
Verde at Cooley Station, a mixed-use, walkable center in Gilbert, is finalizing construction and is almost fully leased and ready to enter a consumer-focused phase to fulfill its original vision. “Verde at Cooley Station was built to be a destination and hub for local families and visitors, and we are thrilled to enter a new era of family-friendly fun!” says Norman Brody, a … [More]
PV Parcel Sells Low to Preserve Low Density
In the recent sale of the largest undeveloped parcel of land in Paradise Valley, the sellers accepted a price of $42 million, even though they had received substantially higher offers. The 27-acre parcel, sold by the family of the late John W. Teets Jr., former chairman of the Greyhound and Dial corporations, had been in the family for nearly three decades. It was important … [More]
