The recently completed ECO MESA apartment building has transformed a “postage-stamp”-sized infill parcel of land in Downtown Mesa into a community that boasts some of the most sustainable features in the industry. The community of 102 residential units — studio, one-bedroom and two-bedroom apartments — was built with a number of features that result in a high-performance … [More]
How COVID Changed Arizona’s Commercial Construction for the Better
From high-tech new semiconductor factories to the bumper crop of warehouses and logistics facilities popping up across the Valley’s ever-growing outskirts, Greater Phoenix’s light-industrial real estate sector is red hot. In fact, Phoenix’s industrial market is now a key link in the nation’s supply-chain, according to a recent report by Avison Young commercial real estate, … [More]
New Industrial Complex Begins to Rise in SW Phoenix
Martens Development Company has begun construction of its 20-acre Park 91, a Class A industrial development, located at the southwest corner of 91st Ave. and Buckeye Road in Phoenix. The new complex is the second phase of Logic Park, a successful 739,000-square-foot park on 44 acres, which will serve multiple tenants by offering various leasing size options. Park 91 will be … [More]
ASU’s Science/Tech Building Breaks Ground
The new $185 million Interdisciplinary Science and Technology Building 12 project recently broke ground at Arizona State University’s Polytechnic campus in Mesa, Ariz. “ISTB12 is ASU’s largest single capital investment on the Polytechnic campus,” says Alex Kohnen, ASU’s Facilities Development and Management vice president. The ISTB12 building, designed by SmithGroup and being … [More]
2024 Interior Design Trends
The last few years have us feeling all kinds of things. As designers of the built world, we have an innate responsibility to recognize cultural impacts and plan to help alleviate them the best we can. Some of the ways we do that have infiltrated the mainstream, like biophilic design and sustainability. However, there is a type of design that we feel is the basepoint of all of … [More]
West Valley Retail: A Booming Market
With communities like Peoria, Surprise, Buckeye and Goodyear ranking among the fastest-growing cities in Arizona, the West Valley now boasts a population of approximately 1.7 million residents, booming employment opportunities along the Loop 303 and a retail market that has come into its own. Retailers of all types are taking big steps to serve this very underserved trade … [More]
182,610 SF Industrial Project Planned for Phoenix’s West Valley
Echo Real Estate Capital, Inc. recently acquired a fully entitled ±11.65-acre industrial development site at 132nd Avenue and Peoria Avenue in Surprise, Arizona, where it plans to build “Echo Park @ P132,” four new single-tenant industrial buildings totaling 182,610 square feet. Echo purchased the land for approximately $7.1 million in Phoenix’s expanding West Valley. The … [More]
603,000 SF Industrial Project Planned for Mesa
Martens Development Company recently acquired a shovel-ready site at the southwest corner of Ellsworth and Willis roads in Mesa, Arizona, for an industrial project. This sale of ±44 acres accounts for the first phase of the project and the second phase accounts for an additional ±17 acres. In the first phase, Martens plans to build a new, seven-building ±603,000-square-foot … [More]
Sundance Park Phase II Opens in Buckeye
Phase II was recently completed at Sundance Park, located at 22865 Lower Buckeye Rd., adding 38 acres to what is now 68 acres in total and features Buckeye’s first public fishing lake — 3.2 acres and 14 feet deep — which will be stocked with catfish, bluegill, bass and rainbow trout. “This project is a testament to Buckeye’s dedication to creating a vibrant, healthy … [More]
Greenlight Breaks Ground on Workforce Rental Housing in North Phoenix
Greenlight Communities, the trailblazing Scottsdale-based real-estate developer dedicated to constructing attainable workforce rental housing, recently broke ground on its 14th property, located at 33455 N. North Valley Parkway in Phoenix in the I-17 employment corridor and near the upcoming $40-billion TSMC facility and campus. The community, set to commence leasing in … [More]
Rising Temperatures in Phoenix Require Thoughtful and Sustainable Urban Design
Warming global temperatures have been one of the key drivers of climate change. As myriad odd weather patterns have developed over the past three to four decades, one of the most notable changes locally has been the shift of the monsoon weather patterns in late summer. A contributing factor has been the buildup of Metro Phoenix, creating the urban heat island, or ”heat dome,” … [More]
Demand for TI Work in CRE Heats Up amid Economic Uncertainty
Phoenix’s robust industrial market is propelling the region to the forefront of the industry, driving both increased construction of industrial spaces and a surge in tenant improvement (TI) projects. The rise in TI projects, which entail making modifications to an existing building in order to tailor it to fit the business’s unique needs, highlights the growing demand for … [More]
New Affordable Housing in South Phoenix and Goodyear
Dominium, one of the nation’s leading owners, developers and managers of affordable housing, recently held a grand opening of 308 units of affordable housing for working families in South Phoenix on October 24 and broke ground on 657 units of both family and senior affordable housing in Goodyear on October 25. The Goodyear project is Arizona’s largest affordable multifamily new … [More]
Affordable Housing Is Part of Tempe Development
Wexford Developments and Wexford Real Estate Investors is bringing much-needed workforce housing to Downtown Tempe. First & Farmer is a seven-story building comprised of 200 rental apartments, including 180 market-rate units and 20 affordable housing units. The project’s unit mix is comprised of 18% studios, 62% one-bedroom units and 20% two-bedroom units. The project is … [More]
Lincoln Property Company Breaks Ground on Mega Industrial Project
LPC Desert West, the Southwest arm of Dallas-based Lincoln Property Company, has broken ground on Luke Field, a $515 million, 2.4-million-square-foot Class A industrial development located adjacent to Luke Air Force Base in metro Phoenix. Being developed in a single phase with completion expected in the fourth quarter of 2024, Luke Field spans three buildings — a … [More]
Evergreen Devco Industrial Project Targets Smaller-Footprint Users
Evergreen Devco, Inc., a leading retail, multifamily and industrial development company, announced the groundbreaking of its first-ever industrial development in Arizona. The 9.4-acre site located northeast of the intersection of Litchfield Road and Desert Cove Road in Surprise will soon be home to a state-of-the-art 168,000-square-foot industrial building. Industrial … [More]
The Necessity of Virtual Tours in Commercial Real Estate
In the fast-paced world of commercial real estate, staying ahead of the competition is imperative. Traditional methods of property management have evolved and a true game-changer has emerged: virtual tours. These immersive experiences are revolutionizing management and marketing tactics of commercial properties, providing a futuristic edge in an increasingly competitive … [More]
Reflections on Designing for Desert Life
The breathtaking grandeur of the Arizona desert has nourished many of the world’s foremost creative visionaries. Iconic designers and architects throughout history, including Frank Lloyd Wright, have drawn inspiration from the desert’s captivating blend of serenity and ruggedness. Since founding Studio 11 Design in 2011, the Studio 11 Design team has brought to life a number of … [More]
