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]
First Phase of Retail at PV Nearly 100% Leased
The first phase of retail is nearing 100% leased at PV, the highly anticipated redevelopment of the former Paradise Valley Mall by RED Development, ahead of its grand opening this fall with the recent addition of seven new tenants, including first-to-market restaurants, upscale salons and a medical spa. This significant milestone is building momentum for the rest of the … [More]
VanTrust Getting Great Results with Glendale Developments
VanTrust Real Estate has developed a nationwide portfolio of projects, ranging from office, industrial and multifamily, to mixed-use and science + technology. The Kansas City, Missouri-based firm has an expanding reach across six regional offices, including a Southwest Division office here in Phoenix. Throughout the country, VanTrust has developed a reputation as a company that … [More]
Greystar Completes Industrial Project in Peoria
Greystar, a global leader in the investment, development and management of institutional-quality commercial real estate, recently completed Caliber by Greystar, a three-building, Class A industrial development in Peoria, Arizona. Caliber, which spans 411,918 square feet, marks the first development piece to deliver within Greystar’s $500 million, 88-acre Peoria Place master … [More]
Mosaic Completes Luxury Build-to-Rent Townhomes In Gilbert
Mosaic, the nation’s leading build-to-rent general contractor, recently completed construction on Town Germann, a new luxury BTR community in Gilbert, Arizona, encompassing 14.5 acres of developed land. Town Germann, by California-based Family Development, adds 209 rental townhomes to the region’s housing stock. According to the Morrison Institute for Public Policy, there is … [More]
Importance of Placemaking in Conversion Properties
One of the biggest buzz phrases in real estate development currently is office-to-residential conversions, and, with a pipeline growth of more than 350% nationwide since 2020, it’s easy to understand why. Based on a study done earlier this year by RentCafe, these conversions make up 38% of assets being converted into apartment units for 2024, with Phoenix in the top 10 for … [More]
Capitalizing on Greater Phoenix’s Evolution
A general contractor’s perspective
In the dynamic world of construction, few regions embody the ebb and flow of the industry quite like Greater Phoenix. Historically known as a boom-and-bust city, Phoenix has experienced the cyclical dance of housing developments, driven by fluctuating interest rates and economic tides. However, the past decade has seen a transformative shift, turning Greater Phoenix into a … [More]
Move-in-Ready Spaces Planned for Mesa’s Active Industrial Submarket
Martens Development, a Scottsdale-based development firm that is active throughout the Phoenix market, recently broke ground on its latest Class A industrial development in Mesa, Brickyards on Ellsworth. The construction lender for the project is Principal Asset Management. Leading the construction team is general contractor FCL Builders, which is set to deliver an … [More]
Dual-Branded AC Hotel and Element to Open in NW Phoenix
North Texas developer Jackson-Shaw and Tucson-based Holualoa Companies recently broke ground on a new dual-branded AC Hotel by Marriott North Phoenix at Norterra and Element by Westin North Phoenix at Norterra — a 160,133-square-foot building on three acres. It is expected to provide 60 full-time and 20 part-time jobs. The two hotels connected under one roof are located … [More]
Goodyear Develops Walkable Urban Center
GSQ has reached a construction milestone with the groundbreaking of Goodyear Way, the major street infrastructure connecting Goodyear Civic Square at GSQ to the 150-acre mixed-use development poised to become the city’s new downtown. A joint venture between RED Development and Scottsdale-based Globe Corp., GSQ is set to transform Goodyear as the city’s premier cultural hub … [More]
