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]
The Missing Middle: An Innovative Approach for Affordable Housing
“Attainable” housing is the most in-demand housing type, yet it rarely grabs headlines — or gets built. According to the commercial real estate research firms Yardi Matrix and CoStar, more than 90% of the rental units being built in the Phoenix area are financially feasible for only the roughly top 20% income bracket, while about 5% of rental units being built are … [More]
Mesa Data Center to Use Waterless Cooling Technology
Haydon, a leading full-service general contractor with over 30 years of experience in the Southwest, officially broke ground on a highly advanced data center for Edged Energy, a fast-growing sustainable infrastructure provider. Due for completion by November 2026, the 210,000-square foot facility will use the ThermalWorks ultra-efficient waterless cooling technology system to … [More]
If You Build It: Private Industrial Developers Boost Phoenix Infrastructure
Behind the Phoenix area’s industrial boom in recent years is a web of infrastructure supporting it — some of it visible, some not, but all crucial to the region’s future. These private infrastructure improvements, though requiring significant financial investments, empower developers to attract high-profile, sophisticated tenants from diverse industries. This, in turn, will … [More]
Extensive Infrastructure Supports The Cubes at Mesa Gateway
The Cubes at Mesa Gateway, a 256-acre industrial park developed by CRG, includes 1.7 million square feet of industrial facilities built to date, with 63 acres left to build. CRG acquired the property in 2021 with plans for the largest master-planned, development-ready industrial park ever delivered in Phoenix’s Southeast Valley submarket. To date, CRG has made $27 million in … [More]
The Evolution of Co-Working
One of the challenges in commercial real estate is to connect the spaces we create to the end user in a way that improves their quality of life. If we do that well, not only do we foster community, but that also means a healthy bottom line for the client and spaces with longevity. One of the concepts that aids in this goal is establishing an effective third place. It is … [More]
Converting Offices and Hotels into Multifamily Housing Is One Answer to the Valley’s Housing Crisis
As demand for housing alternatives continues to grow, Caliber is applying its expertise in multifamily development in creative ways to provide new solutions across the Valley. This spring, the firm completed funding for the first phase of our SP10 project, the conversion of a 160-room hotel into 104 apartment units with Class A amenities in the Ahwatukee Foothills of South … [More]
Mixed-Use Development Breaks Ground in Gilbert
Okland Capital and San Tan Development Group recently broke ground on phase one of Northside at SanTan Village, a brand-new mixed-use development that will bring high-end retail, restaurant and hotel amenities to the SanTan Village submarket in Gilbert, Arizona. Located on the east side of Santan Village Parkway between Williams Field and Ray roads, Northside phase one … [More]
New Hangars Planned for Falcon Field Airport
Agate Construction, a leading construction company specializing in innovative projects across various commercial and industrial industries, has announced plans to construct four new aircraft hangar buildings on 4.13 acres of Falcon Field Airport property. Representing Agate Construction’s eighth construction project in partnership with DKS Properties LLC’s ownership, the … [More]
Uniquely Divisible Industrial in Phoenix-Goodyear Airport Area
Construction is underway on Building A of the Palm Valley Commerce Center in the rapidly expanding Phoenix-Goodyear Airport submarket of Goodyear, Arizona, with delivery expected in Q2 2025. Upon completion, the project will consist of three buildings totaling 294,840 square feet. A unique characteristic is the spaces’ divisibility from 125,840 square feet to 4,680 square feet, … [More]
Industrial Real Estate: Positioning for Growth in a Standout Market
Amid national headlines of a market-correcting “normalization,” Phoenix’s industrial real estate market has shown remarkable resilience in 2024 as it returns to steady, pre-pandemic growth levels — a positive development for the industry. Unlike many parts of the country, Phoenix is experiencing a robust economic expansion, driven by the arrival of global semiconductor … [More]
Celebrating a Decade of Innovation in Arizona’s Single-Family Rental Market
This year marks the 10th anniversary of TRICOR, an opportune moment to reflect on the transformation within the single-family rental (SFR) sector, particularly in Arizona. Over the past decade, the SFR market has evolved from a post-crisis alternative to a robust component of the national and state housing landscape. Evolution of the SFR Market When TRICOR began in 2014, the … [More]
CapRock West 202 Logistics
CapRock Partners’ marquee Phoenix asset is CapRock West 202 Logistics, an eight-building, industrial warehouse complex along Loop 202, south of the I-10 interchange. At total project completion, it will offer 3.4 million square feet of Class A industrial space on 183 acres, making it the largest speculative industrial development in Phoenix’s history. The first phase, … [More]
Chandler Airport Business Park
Chandler Airport Business Park is a newly completed 318,683-square-foot Class A industrial property in Chandler. This strategically located asset comprises four modern freestanding warehouse buildings ranging from 56,756 to 103,639 square feet. With convenient access to major regional transportation routes, it supports the robust business growth in and around Chandler’s Airpark … [More]
Longbow Industrial Park
CapRock Partners recently acquired Longbow Industrial Park, a newly completed two-building Class A complex totaling 244,286 square feet in Mesa's Falcon Field submarket. This state-of-the-art distribution and manufacturing facility supports the area’s burgeoning businesses and expanding enterprises, particularly around the technology and semiconductor industries. Building … [More]
