IndiCap, a newly formed boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, in a joint venture with AECOM-Canyon Partners, announced its entry into the Phoenix real estate market with the recent $48-million acquisition of two parcels of land totaling 113 acres in the Eastmark master-planned community … [More]
ViaWest Group Closes on 4th Opportunity Zone Deal
ViaWest Group, in a joint-venture with American Opportunity Zone Advisors LLC, has acquired an 8.8-acre land parcel in Goodyear, one of the top 10 fastest-growing cities in the U.S. and Arizona’s second-fastest-growing city, adding a valuable development parcel to its extensive portfolio. This unimproved land site is situated immediately south of its Goodyear Crossing … [More]
Designing for Senior Communities – The Revel Brand
Six years ago, we began concepting a new type of senior community with the goal of reinventing the look and feel of senior living. Our team’s design backgrounds mainly included experience in market-rate multifamily properties, high-concept leasing and cultural galleries, and hospitality, so we approached senior living with zero pre-conceived notions. We started the process by … [More]
Phoenix Data Center Numbers Are High
Phoenix, which has been one of the nation’s strongest-performing data center markets for the past many years, continues to shine. Thanks to our booming population, a mix of cloud, social media and technology companies are all vying for space here. This keeps demand always ahead of supply, even within the Valley’s significant inventory of Class A data center product. This … [More]
George Oliver’s Arbor to Bring ‘Urban Organic’ to Downtown Tempe
Downtown Tempe is one of the nation’s most dynamic office markets and the perfect location for the Arbor’s high-touch design concept and unmatched amenity base. It is exactly what users are asking for as they reoccupy their office spaces. We pulled great inspiration from the Mill Avenue landscape for our development and will be including Instagram artwork features and a signage … [More]
Camelot Homes Plans Three Luxury Communities in Scottsdale
Camelot Homes recently closed on the purchase of three parcels of land in Scottsdale, with plans to break ground this year on three new luxury gated enclaves with a combined total of 29 homes: Aura, on 8.5 acres at the southeast corner of 128th Street and Shea Boulevard; The Collection, on 4.7 acres at the northeast corner of 74th Street and Valley View Road; and Legacy at D.C. … [More]
MAK Homes’ New South Mountain Community Celebrates Area History
Designed by MAK Homes, Heard Farm is an intimate 24-home community offering modern farmhouse- styled homes focused on sustainable living and intently echoing the agricultural history of this property. The five unique home designs of Heard Farm are in direct response to the agricultural context of the South Mountain area focusing on simplicity and elegance. The Heard Farm home … [More]
Landsea Homes Breaking Ground on Communities East and West
Landsea Homes recently broke ground on three new communities in Arizona: El Cidro in Goodyear, 201 homes featuring the small-town charm of single-family homes; Rev at Eastmark, offering 90 modern single-family homes in Landsea Homes’s newest neighborhood in the Eastmark master plan in Mesa; and The Villages at North Copper Canyon in Surprise, 315 one- and two-story … [More]
VDC Leading the Way in Creating Sustainable Buildings
As the industry continues to overcome the aftermath of the pandemic, in addition to today’s supply chain issues, leaders are seeking better efficiencies within the workplace now more than ever before. In a larger effort to keep up with the high demand of commercial real estate projects, implementing virtual design & construction (VDC) within their processes can benefit … [More]
Korman Communities, RXR Make Phoenix Debut with Flexible-Living Multifamily Development
Korman Communities and RXR have completed the purchase of their first property in the Phoenix market: AVE Phoenix Terra at the southeast corner of Fifth Avenue and Fillmore Street. The newly opened 348-unit, seven-story, professionally managed, Class A residential mid-rise features luxury apartments, fully furnished apartments, 60,000 square feet of amenity space, and 7,000 … [More]
Peoria’s Largest Master-Planned Community Site Draws Developer
Castle Hill Partners, an Austin-based community developer, purchased the 5,261-acre master-planned community project known as Saddleback Heights. The parcel is the largest remaining undeveloped master planned community project site in the city of Peoria, Arizona. “This is one of the highest-quality sites for a new master planned community we have seen in our search of the … [More]
Abrazo to Build Med Campus in W. Phoenix
Abrazo Health has acquired property to develop a medical campus on 27 acres near the southwest corner of I-10 and Verrado Way. The initial phase of the development is expected to break ground in 2022. Plans for the campus include a medical office building, ambulatory services and an acute care hospital. Abrazo Health anticipates that its new medical campus will be a health care … [More]
Rehab Hospital Breaks Ground in Peoria
Adolfson & Peterson Construction, a top national construction management firm and general contractor, and Reunion Rehabilitation Hospitals, a system of state-of-the-art inpatient rehabilitation hospitals — with support from America Development & Investments LLC, a leading healthcare real estate developer based in Dallas — recently broke ground on a new, … [More]
New CRE Firm Addresses Arizona’s Growing Need for Healthcare Facilities
As the Phoenix area continues to see the nation’s fastest growth, demand for medical services is also rising. To help clinicians provide the care the Valley needs, long-time commercial real estate broker Trisha Talbot recently launched Doc Properties, a real estate investment services firm that serves healthcare practices and investors in a booming property … [More]
Beginning with the End in Mind
Technology is all around us. It’s so integral to our daily lives that we often forget how reliant we are on the electronics that drive our everyday activities. This means everything from the mechanical and electrical systems in the car we drive to the systems that power our garage door opener or refrigerator. Semiconductors, and a huge variety of microchips/processors, are a … [More]
Luxury North Scottsdale Condos from New-to-Arizona Developer
Luxury condominium project Portico – North Scottsdale, a key piece of DMB’s One Scottsdale master-planned development, will kick off Belgravia Group’s entry into the Arizona market. The development at Loop 101 and Scottsdale Road, by the award-winning Chicago-based real estate development firm, will be comprised of 112 residences and will feature stunning views of the McDowell … [More]
Sunlit’s Planned Manufacturing Facility Brings $100 Million Investment to Phoenix
Sunlit Chemical, a leading semiconductor chemical supplier based in Taiwan, recently broke ground on its first U.S. manufacturing facility in Phoenix. Sunlit’s presence advances Arizona’ reputation as a national semiconductor leader and advances the state’s unrivaled semiconductor industry supply chain. “As an advanced manufacturer providing high-wage jobs to the region, … [More]
Industrial Development Near Mesa Gateway Airport
SVN Desert Commercial Advisors completed the sale of an approximately 112-acre industrial site in Mesa at the southwest corner of Warner Rd. and Sossaman Rd. just north of the Mesa Gateway Airport. Contour Real Estate plans to build a master-planned industrial park encompassing eight buildings totaling more than 1.5 million square feet (in two phases of development) targeting … [More]
