Car-Free Lifestyle for Culdesac Tempe Tenants

by Mike Hunter

Planned to open in 2021, Culdesac is a $140-million project with 636 residential units, 24,000 square feet of retail and 35,000 square feet of amenities on 16 acres. Residents will not have private cars or parking spaces although the retail area will have ample parking with 150 spaces for retail visitors and resident guests. In typical developments, the parking lots often … [More]

Building Management Post-Pandemic

by Prabhu Ramachandran

The real estate sector’s efforts to mitigate the threat of the contagion by securing buildings have already put it at the forefront of the global response. However, the industry’s most important contribution will be in helping to create an operational framework, within which some semblance of normalcy can be restored. Technology Will Be a Critical Enabler Innovative … [More]

How Multifamily Urban Living Will Thrive Post-Pandemic 

by Michael D’Andrea

It is not lost upon us multifamily developers, owners and operators that fear, as it relates to a person’s living accommodations, is a very real concern in the age of COVID-19. In fact, we are already diligently working to further flesh out new building and design standards for urban communities, especially as it pertains to high-density vertical communities. Innovations … [More]

Q1 Office Market Strong

Colliers International

The Greater Phoenix office market posted a healthy first quarter, being the 32nd consecutive quarter with positive net absorption, according to the Q1 report from Colliers International, a leading real estate professional services and investment management company. More than 100,000 square feet of positive net absorption took place in the first three months of 2020 and the … [More]

Q1 Multifamily Shows Initial Effects of COVID-19

ABI Multifamily

The Q1 2020 Phoenix Multifamily Quarterly Report from ABI Multifamily shows that, while the start of 2020 was strong — with rent growth, healthy occupancy rates, lower cost of living and high renter demand all pointing to another extraordinary year — the future has yet to tell how the multifamily industry will be impacted by the COVID-19 global pandemic. With a development … [More]

Waterfall Villa Residences in Chandler

by Mike Hunter

Models are open at Chandler’s newest lock-and-leave condominium community, Waterfall Villa Residences, by Ironwood Development Group. The private, gated, resort-style community featuring open and modern single-level villas is attracting buyers from all demographic groups. Villa layouts are designed with the flexibility of two- and three-bedroom floorplans ranging from … [More]

Luxury Apartments Planned for North Phoenix

by Mike Hunter

Hines, the international real estate firm, along with a joint venture partner, recently acquired 11 acres in north Phoenix, where it plans to develop a 325-unit, luxury, for-rent residential property. Hines’ multifamily property, located at the northwest corner of Happy Valley Road and 35th Avenue, will consist of six, three-story buildings. An additional one-story building … [More]

Rights of First Offer and of First Refusal

by Bruce B. May

This article is a case study of a particular transaction in which the buyer agreed in a purchase agreement to grant the seller both a right of first offer (ROFO) and a right of first refusal (ROFR) to repurchase the property. Compliance with the terms of the ROFO and ROFR proved a bitter and extracted process for the buyer.  The terms of the ROFO provided that before the … [More]

Caesars Republic Scottsdale Hotel Opening January 2022, On Schedule

Caesars Republic Scottsdale

HCW, which has developed more than $2 billion in real estate in the last 23 years, in partnership with Caesars Entertainment Corporation (NASDAQ: CZR) and Macerich (NYSE: MAC), announced construction is currently underway for the 265-room Caesars Republic Scottsdale luxury brand hotel, and is on schedule to open in January 2022. "We are excited construction is moving forward … [More]

Negotiating a Commercial Lease?

by J. Phillip Glasscock

A company’s business premises lease may represent its highest monthly expense. It also represents one of the most important commitments a business owner can make . A lack of careful consideration can result in serious financial consequences. To avoid missteps, consider these due diligence questions to gain clarity and confidence before signing. The Parties Involved in the … [More]