Cushman & Wakefield has released its new Industrial Construction report, showing demand losing speed as construction completions peak, setting the stage for a return to a more balanced market. The report press release is also attached. Throughout the current industrial expansion, which began in 2012, the pipeline has often struggled to keep pace with demand throughout … [More]
Developer Debuts First Multifamily Community in Gilbert’s Agritopia
StreetLights Residential’s newest luxury multifamily community in Arizona, The Tyler, is open. Located at 3150 E Ray Road in Gilbert, the community is part of the mixed-use Epicenter at Agritopia and offers 320 apartment homes ranging from studios to three bedrooms. This is the first project in Gilbert, and the fourth in Arizona for StreetLights, a national design-driven … [More]
Repurpose, Reuse: How Commercial Construction Can Adapt
The commercial construction industry in Arizona is projected to hit approximately $6 billion in 2023, according to IBISWorld research. It is no surprise to learn that the construction industry is booming throughout the state, and more specifically in Maricopa County; it is tough to drive anywhere in the state without seeing a construction project. Repurposing an existing space … [More]
Mixed-Use Peoria Place Starts with Industrial Park Groundbreaking
Greystar Real Estate Partners recently broke ground on Caliber by Greystar. The three-building, Class A industrial park is the first element to break ground at Greystar’s Peoria Place, a $500-million mixed-use master plan designed to revitalize a central historic downtown infill land site in Peoria, Arizona. Caliber is located along the US 60, at the southwest corner of 79th … [More]
Dynamic Commercial and Retail Destination FIVE NORTH at VISTANCIA Takes Shape
The Vistancia master-planned community’s 320-acre commercial and retail destination FIVE NORTH at VISTANCIA is taking shape as the first hot spot in the far North Peoria/West Valley area. Envisioned as the energetic heartbeat and high-quality lifestyle hub of the award-winning Vistancia community, FIVE NORTH at VISTANCIA’s plan includes a mix of unique, eclectic and … [More]
1.5M SF Virgin Industrial Park Breaks Ground in West Valley
Virgin Industrial Park, a five-building, 1.5 million-square-foot Class A industrial project, has broken ground in the booming Loop 303 Corridor, on the northwest corner of Olive and Reems roads in metro Phoenix’s West Valley. The project is being developed by IndiCap, a boutique commercial real estate company specializing in industrial investment and development in the … [More]
Empire 101 Is New Infill, Class-A Industrial Project in Peoria
On behalf of KBC Advisors Arizona, Phoenix-based Stevens-Leinweber Construction has started construction on Empire 101, a 152,134-square-foot Class A industrial project fronting the Loop 101 freeway, at 89th Avenue and Sweetwater Road in Peoria, Arizona. Completion is expected in January 2024. Located just 12 minutes from the new TSMC semiconductor Fab plant and with access … [More]
Phoenix’s Office Market Slows
As high inflation and rising interest rates have begun to influence the real estate market in increasingly impactful ways, Phoenix’s office market has shown a constant slowdown since the beginning of 2023, CommercialEdge data shows. Despite the 2.0 percent growth in office-using jobs on a year-over-year basis as of February, the metro closed the year’s first quarter … [More]
Greater Clarity on Office Attendance Prompts More Companies to Revamp Office Portfolios
Companies are more proactive about office attendance than last year: 65% say they’re requiring in-office work at least some of the time, according to a new survey by CBRE of 207 companies with U.S. offices. This is more than double the respondents that required in-office attendance last year. Partly due to those proactive efforts, office attendance levels at 60% of surveyed … [More]
Luxury Rental Homes in Phoenix Become Part of Mark Taylor Management Portfolio
Mark-Taylor Residential proudly welcomes TerraLane at Park McDowell into their management portfolio. Owned by TerraLane Communities, these detached, luxury single-family homes present an elevated living experience for families seeking an up-and-coming suburban neighborhood. With a heightened focus on technology, functionality and accessibility, TerraLane at Park McDowell’s … [More]
