LGE Design Build, a full-service design and general contracting firm and winner of AZ RED 2021 General Contractor of the Year, broke ground recently on a new state-of-the-art industrial project in the City of Buckeye being developed by Phoenix-based Creation Equity, an alternative investment and real estate development firm. The project consists of 860,602 square-feet, with … [More]
Phase II Homes Open in Goodyear’s Centerra
Landsea Homes Corporation has opened the second phase of its homes in the one-of-a-kind Goodyear community of Centerra, which offers homes with seven different floor plans and ranging from three to four bedrooms, with an option for six bedrooms, and two to three-and-a-half bathrooms. Homes include smart home automation technology and an air purifier. The community also features … [More]
Ground Breaks on 651-Unit Apartment Development in Tempe
Banyan Residential, an L.A.-based private real estate investment company, has commenced construction on phase one of Banyan North Tempe, a 651-unit multifamily development in Tempe. In conjunction with Milhaus, an Indianapolis-based development company, Banyan worked tirelessly with state and local agencies to annex the 16.5-acre site in an area frequently referred to as the … [More]
Luxury Build-to-Rent Project Begins in Apache Junction
Paragon Development Group recently closed on the $3.1 million purchase of 15.67 acres in the Southeast Valley. The site, located on the NEC of West Southern Avenue and South Meridian Road in Apache Junction, is slated to become Hampton Meridian, a new 195-unit luxury build-to-rent community with one-, two- and three-bedroom attached and detached residences ranging in size from … [More]
Resimercial Trending as Workplace Design
With all the social and economic change happening over the past year, most industries are in a state of disruption, and commercial real estate is no exception. While many of the trends we are anticipating for the next several years are not entirely new concepts, the overarching trend is that companies will need to evolve in order to stay relevant. For the commercial office … [More]
New Mesa Entertainment District to Include a Surf Lagoon
A new entertainment destination recently broke ground in Mesa. Cannon Beach will be a 37-acre surf, shop, gym and multi-use development. The project by Cannon Beach Developers, two and a half years in design and development, will bring the ocean to Arizona in a place unlike any other in the state. The oasis, located at the cross streets of Power and Warner roads in Mesa, will … [More]
Back to School – Trends in K-12 Construction
For many, elementary school classes were in portables, lunch was held in a boxy multi-purpose room and technology meant the chance to play Oregon Trail. And we loved it! Today’s students, however, just have way cooler schools, thanks in great part to innovation. According to Patrick Sheppard of CHASSE Building Team, a key component of design today is collaborative spaces, … [More]
Sale of Agave Center, Scottsdale, Sets Record
The recent sale of Agave Center at $9.775 million sale and 6.2% CAP, brokered by Colliers International, represents a record per-square-foot rate for an unanchored Scottsdale shopping center. The 2.46-acre shopping complex, with 16,038 square feet of retail space and positioned at the highly trafficked intersection of Scottsdale Road and Acoma Drive, is 100% occupied by local … [More]
Water Feature Sets Off The BLVD Development in Avondale
A new water feature project, which recently broke ground at the corner of Avondale Blvd. and W. Dale Earnhardt Dr., in Avondale, will be the showpiece at The BLVD, an exciting new development along Avondale Boulevard. The project will include two signature-entrance water features, a one-acre lake, koi pond, splash pad, pedestrian bridges and inviting landscaping. Once … [More]
Denver-based Company to Build Chandler Connection
Marking its entry into the Phoenix industrial market, Denver-based Comunale Properties has selected Stevens-Leinweber Construction to build Chandler Connection, a 201,000-square-foot, Class A industrial building immediately adjacent to the Chandler Municipal Airport in Chandler, Arizona. Construction is scheduled to begin July 2021, with an anticipated completion during first … [More]
Pandemic Sparks Adaptations in Healthcare Design and Construction
As we mark the recent one-year anniversary of the declaration of COVID-19 as a public health emergency, many of us find ourselves reflecting on the past year — grieving for those who lost their lives; missing in-person interaction with family, friends, and colleagues; finding new appreciation for educators and frontline workers; and feeling anxious to return to a “normal” way … [More]
Developer Enters Arizona Market with Large Opportunity Zone Project in Tempe
Milhaus, a national award-winning developer, owner and operator of Class-A multifamily properties, is expanding into Arizona with one of the company’s largest developments to date: Milhaus North Tempe. As this April edition goes to press, groundbreaking is imminent on the $91-million first phase of this planned two-phase development project by Milhaus in partnership with Los … [More]
The Future of the Post-Pandemic Office
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]
