In the ’80s, ’90s and early 2000s, office work was done with large desktop units that needed power and data to the desktop (the 8-by-8-foot cubicle). By the mid-2000s, powerful new technology and information became available with handheld devices, and the idea of working remotely was introduced. While this technology could do almost everything a desktop could do, most of the C … [More]
New Golf Course Graces Toll Brothers’ West Valley Development
Newly opened in Surprise, Sterling Grove Golf and Country Club is the first new golf course in the West Valley in nearly a decade. The Nicklaus-designed championship golf course is the centerpiece of active recreational options that include a putting course, driving range, and tennis and pickleball courts at Toll Brothers’ Sterling Grove community, which will encompass 2,200 … [More]
Phoenix Mid-Century Marvel Offered for Adaptive Reuse
Wrapped on by three arterial streets, a trio of bus routes and two light rail stations, the mid-century First National Bank building is being offered for sale by the City of Phoenix for adaptive reuse and redevelopment. Located on the corner of 1 S. 24th Street, between Washington and Jefferson streets, the iconic mid-century bank building is a crossroad entrance to the … [More]
New Multifamily Project in Phoenix’s Expanding Deer Valley Area
The Related Group, an international developer known for its sophisticated metropolitan “for-sale” condominiums, rental and mixed-use projects, has broken ground on a 388-unit multifamily luxury residential apartment project: Town Deer Valley, at the crossroads of 19th Avenue and Alameda Road in Phoenix. The Town Deer Valley signature property was designed by Gary Todd … [More]
What to Expect in the Greater Phoenix Commercial Real Estate Industry in 2021
The buzzword for 2020 across all industries, including commercial real estate, was “pivot.” Fortunately, the fundamentals of the Phoenix-area commercial real estate market were strong before the onset of the COVID-19 pandemic, so we were prepared to weather the storm better than other markets across the U.S. Here is a snapshot of Phoenix’s commercial real estate industry in … [More]
Gilbert Medical Office Market Is Dynamic
Since opening in 2006, Dignity Health’s Mercy Gilbert Medical Center has grown from a single hospital into the centerpiece of one of the Valley’s most dynamic medical corridors. Demand here is so high that vacancy rates on the hospital campus sit at virtually zero and nearby off-campus vacancy is just 4.9% — nearly three times lower than Phoenix’s overall medical office vacancy … [More]
New Master-Planned Community in Queen Creek
Fulton Homes is beginning work on Barney Farms, a 550-acre master-planned community that will include 1,700 homes. The development is located on the northeast corner of Queen Creek Road and Signal Butte Road. This groundbreaking represents a new standard for large-scale communities in the southeast Valley. We worked hard to secure the land, and then to develop something … [More]
TI Project Expands Gilbert Manufacturing Campus
The newly completed 120,294-square-foot, two-story Gilbert Spectrum V continues the expansion of Northrop Grumman’s multi-building satellite manufacturing campus in Gilbert, Arizona., with construction of its final build-out now underway and expected to be complete within this quarter. Gilbert Spectrum Building V, located at 1715 W. Elliott Road, is the latest building … [More]
Infill Industrial Projects Planned in Tempe
ViaWest Group of Phoenix has purchased three real estate assets in Tempe from Insight Enterprises, Inc. for $26.85 million. The portfolio includes Insight’s corporate headquarters building situated on a 19-acre site at 6280 S. Harl Ave., which ViaWest plans to replace and re-develop the property into a Class A industrial park after Insight relocates at the end of this year. The … [More]
Phoenix Ranks among Markets with Fastest Flex Expansion
The pandemic-induced downturn that some feared would severely impact the flexible office space sector has instead landed flex space a prime role in future office strategies, according to a recent report from CBRE. And in Phoenix, flex space has grown rapidly as of late, expanding by 13.7% in 2020 — making it No. 10 among the leading flex office markets in the United … [More]
Gilbert Mixed-Use Development Designed for Walkable Lifestyle
Epicenter, the high-end, vertically integrated mixed-use community and retail destination in the heart of Agritopia®, is progressing on schedule with construction since its groundbreaking in January. The development is slated to welcome residents in the fall of 2021. The multi-family units feature state-of-the-art amenities along with design details that will capture the … [More]
Development on Prime Parcel in Glendale
En Fuego, which broke ground last March, is well under way, according to Walt Brown, founder and CEO of Scottsdale-based real estate brokerage and development company Diversified Partners, who recently announced Starbucks, Raising Cane’s, Barro’s Pizza, Burros & Fries, Twisted Sugar, Jack in the Box, Then Burger and Honey Go Nails are already committed. Across the street … [More]
‘Stay & Play’ Offer to Prospective Homebuyers
Camelot Homes offers a unique new Stay & Play experience at The Villas at Seven Desert Mountain™ in North Scottsdale: Potential homebuyers have the opportunity to stay in one of the award-winning community’s homes, play golf at the championship Seven Desert Mountain golf course and partake in the community’s world-class amenities. “Buying a new home and choosing a new … [More]
New Build Accommodates COVID Sensibilities
Construction is complete on Chandler Corporate Center Phase II, from developer VanTrust Real Estate. The two-story, 117,394-square-foot Class A office building is part of the three-phase One Chandler Corporate Center, located on 26 acres one mile from freeway loops 101 and 202 at 4100 W. Chandler Blvd., that has been designed to attract Fortune-ranked corporate … [More]
West Valley Is High Profile for Industrial
In a strategic joint-venture partnership with Phoenix-based Bird Dog Industrial CRG, the real estate development and investment arm of Chicago-based Clayco, will be developing 335-acre industrial park The Cubes at Glendale. Construction will begin on March 1 of a 1.2-million-square-foot speculative warehouse, part of a project that will ultimately bring to market 5.5 million … [More]
International Developer Breaks Ground on First Arizona Multifamily Project
The Related Group, an international developer known for its sophisticated metropolitan “for-sale” condominiums, rental and mixed-use projects, recently broke ground on its first multifamily project in Arizona, The Manor Scottsdale. “The Phoenix metro area is one of the fastest-growing and most desirable locations for developers,” says Michael D’Andrea, Southwest regional vice … [More]
Local Luxury Condo Tower among the Top Two Fastest-Selling on the West Coast
Sales at 7180 Optima Kierland, the newest tower within the $500 million Optima Kierland development from leading multifamily developer Optima, reached 85% last month as it averages 4.5 sales per month since January 2020, making it among the top two fastest-selling luxury condominium developments on the West Coast. That average is approximately five times greater than the rest … [More]
Office Design Trends as WFH Becomes the Norm
Dramatic shifts in the everyday lives of homebuyers have caused families to rethink a once-overlooked, private working corridor: the home office. In fact, the home office does not only benefit the “worker.” Recent months have shown that many different family members can end up at home for unknown periods of time, using different devices to keep up-to-date with schooling, … [More]
