Developer Overton Moore Properties and its partner, Invesco Real Estate, have started construction on Nextwave Tempe. The project consists of three Class A industrial buildings totaling 689,000 square feet on 35.5 acres at the former site of the Big Surf Waterpark in northeast Tempe at 1500 North McClintock Drive. The three divisible buildings can accommodate customers from … [More]
Phoenix Small-Office Product Lagging
Over the last four years, small-office product of 20,000–50,000 square feet has outperformed larger product greater than 50,000 square feet. But Cushman & Wakefield Research, using statistics based on leasable office buildings larger than 20,000 square feet in Metro Phoenix, reports this has changed. There are 393 buildings in the 20,000 to 50,000 sf size range, … [More]
Dominium Acquires Land for Affordable Homes in Maricopa
Dominium, a leading affordable housing owner, developer and manager, recently closed a deal to acquire land for the development of a new affordable housing community in Maricopa, Arizona. Dominium plans to use the land located at 18260 N. Alan Stephens Pkwy. to construct Saddleback Village at Stonegate, Dominium’s first Built-to-Rent community. Completed, it will bring 215 … [More]
418,000 SF Distribution Center in Surprise
Surprise Pointe Commerce Center, recently completed from Rockefeller Group, is a 418,400-square-foot distribution center on 24 acres in Surprise, Ariz., part of the Southwest Valley industrial submarket. Designed by Ware Malcomb, it can accommodate one to four tenants and includes custom-designed office space. The site has access to both Interstate 10 and Loop 303 and is … [More]
Glendale New-Build Divisible for Small Businesses
Tempe-based Sun State Builders, a leading design-build general contractor, recently began construction on a ground-up build for WorkBay, a company that provides flexible workspace for small businesses. Located in Glendale at 7915 N. Harbor Blvd., the project is comprised of five buildings totaling 80,082 square feet, each to be divided into separate, smaller spaces that will be … [More]
Affordable Housing Integrates Workforce Development
Phoenix Scholar House, a first-of-its-kind affordable housing community that combines housing with workforce development and is specifically tailored for single parents pursuing higher education, broke ground in November at 2950 North 18th Place in Phoenix. It will feature 56 apartment units, offering residents access to educational resources and career support. This project … [More]
Mixed-Use Neighborhood Designed Car-Free
Culdesac, located in Tempe, is the first car-free neighborhood built from scratch in the U.S. The design for Culdesac Tempe was non-conventional from the very start at both the community and building scales, and it has not changed a lot since its inception. Culdesac, a real estate developer and property manager, not only wanted to deliver car-free, mobility-rich living, but … [More]
Innovation in CRE: Taking Risks Is the Only Way to Win the Game
Eleven years ago, I ran a mid-level audio-visual company that relied on builders, architects and project managers to bring us business. We did amazing work, had a group of dedicated people, excellent technology and were profitable. We were following the rules. We were doing okay. As CEO and founder, I realized “okay” was not good enough for me or my company, Immedia. I also … [More]
Location and Amenities Elevate Industrial Project in Surprise
Sun State Builders, a leading design-build general contractor, recently broke ground on Crossroads at Surprise, a 114,495-square-foot industrial building for The Widewaters Group Inc. The $11-million ground-up build situated on a 7.3-acre site is located at 134th Avenue and Bell Road in Surprise. Construction is targeted for completion in September 2025. “This unique … [More]
2025 Interior Design Trends
The cultural effects of the last few years have been significant and have led to fresh perspectives on personal well-being and economic and environmental issues. By viewing design through a filter of cultural, social and economic shifts, we can identify trends that are temporary or evergreen, widespread or localized, and help navigate our clients to a solution that aligns with … [More]
Metrocenter Mall Redevelopment Begins
As walls came down at Metrocenter Mall on November 18, a new vision was unleashed for the 80-acre property. The demolition marks the start of an $850 million redevelopment, transforming the site into a vibrant multi-use, self-contained, transit-oriented community encompassing the city’s new Metro Light Rail station, which will serve as one of the major focal points of the … [More]
Ultra Infill Industrial for Sky Harbor Submarket
Full-service commercial real estate firm Lincoln Property Company will redevelop an infill site in the heart of Tempe into Sky Harbor Logistics, a two-building Class A industrial campus situated minutes from Interstate 10 and Sky Harbor International Airport. Lincoln acquired the property, located on 16.25 acres at 1515 W. 14th St., for $18.3 million. Originally built in 1977 … [More]
Redevelopment Adds Industrial in Airport Submarket
Evergreen Devco, Inc., a leading retail, multifamily and industrial development company, has entered the airport submarket with a $13-million investment for 12.68 acres on two key sites that will become 48th@Alameda. Currently housing a vacant two-story office building, 2727 South 48th Street will be redeveloped to construct two speculative industrial buildings totaling 171,025 … [More]
Office with Warehouse Near Sky Harbor
Cohen Asset Management, a private real estate investment firm headquartered in Los Angeles, contracted Tempe-based Sun State Builders to construct its 33,450-square-foot office suite and airconditioned warehouse project located just west of Phoenix Sky Harbor Airport. The Cohen Sky Harbor Building is a ground-up tilt panel construction that is targeted for completion in July … [More]
Manufacturing Construction Growth
The metro Phoenix manufacturing sector is thriving, attracting heavy-hitter industries as part of a North American surge that — between 2010 and 2023 — has tripled the nation’s average yearly manufacturing construction spend rate to $210 billion. Reinforced by increased reshoring following the pandemic, U.S. manufacturing footprints have expanded, particularly in the … [More]
Warehouse Spec Available in Deer Valley
Sun State Builders recently completed construction on a 43,672-square-foot building for Hopewell Development in the Deer Valley Technology Park at 2908 W. Deer Valley Road. It is a warehouse with 24-foot ceiling heights and an office suite. Construction began on the masonry ground-up spec project in early January and it is now available for lease. Photo courtesy Sun State … [More]
Surprise Industrial Features Rail Access
Newly completed by JLL for Mohr Capital, West Summit at Surprise is a 707,380-square-foot, Class A industrial development in Surprise, Arizona. The project, comprised of two state-of-the-art buildings, is located less than five minutes from loops 101 and 303 and the Northern Parkway. Foreign Trade Zone capable, it sits on almost 47 acres with sought-after rail access to metro … [More]
Buckeye Industrial Site Has Assured Water Supply
Arizona Land Consulting, the Valley’s leading female-owned real estate consulting firm, has closed on a $20 million acquisition in Buckeye, Ariz. Located on West Southern Ave. and South Rooks Road, the 131 acres of land is zoned for industrial purposes. The site is equipped with a Certificate of Assured Water Supply, which allows this prime piece of real estate to be subdivided … [More]
