Cavasson, Nationwide Realty Investors’ 134-acre premiere mixed-used project now under development at Loop 101 and Hayden Road in Scottsdale, will include tree-lined sidewalks, bike paths and green spaces, with ample parking in an adjacent six-story parking structure. Hospitality franchisor Choice Hotels International, Inc., one of the world’s largest hotel franchisors, will … [More]
LEED Cert for ASU’s Bio C
The $120-million Biodesign Institute C research building at Arizona State University, which was constructed by McCarthy Building Companies and completed in June 2018, recently received LEED Platinum certification from the U.S. Green Building Council. Following ASU’s green building standards, Biodesign Institute C was designed and constructed to the highest levels of … [More]
New North Scottsdale Office Lofts
A brand-new loft-style office project is coming to North Scottsdale, courtesy of Phoenix-based commercial real estate investment and operating company George Oliver and Vancouver-based Kootenay Holdings. Lofts at The District will target small to mid-sized tenants with high-end, innovative office space reflective of the creativity found in other George Oliver … [More]
Epicenter at Agritopia® Is Underway
Groundbreaking is imminent at Epicenter, the high-end, vertical mixed-use community and retail destination in the heart of Agritopia®, a village that includes an 11.3-acre organic farm. The multi-family project, which is currently pre-leasing its available retail space, will feature elevated apartment living situated above thoughtfully selected restaurants and retail focused on … [More]
Buyer Beware of Manipulative Landlords
The commercial real estate industry is in one of the hottest markets we have seen in years, with the state average GDP growth of 3.4 percent in 2018 and a 3.2-percent increase forecast for the rest of 2019. Vacancy rates for industrial and office spaces are dropping as employment gains drive up the demand. Healthy office vacancies for both landlord and tenant hover around … [More]
Tariff-Friendly Industrial Project in Goodyear
New York-based Foundation Capital Partners and Chicago-based Baker Development Corporation have broken ground on a two-building, Class A industrial project called VB/143. Located in the heart of Goodyear, Arizona, the project sits within a foreign trade zone magnet site, allowing for reduced real and personal property taxes and reduced or eliminated duty, tariff and U.S. … [More]
Union Aims for Market-Leading Companies
Union, a Class A office project at the junction of Mesa, Tempe and Scottsdale, is set to break ground on Phase One this month. But the Lincoln Property Company project signed its first tenant three months ago when WageWorks Inc. committed to a 150,000-square-foot lease. Union’s first Class A office building will total 232,000 square feet with an adjacent 1,120-space, … [More]
Whispering Rock Open in Gilbert
Leading national builder and developer Taylor Morrison recently opened Whispering Rock in Gilbert. The new community will offer three of the builder’s most sought-after floor plans, priced from the low $500,000s. The one-story floor plans will offer between approximately 2,911 to 3,509 square feet of living space and up to six bedrooms, four baths and three-car … [More]
Iconic Downtown Building Reenergized
ViaWest Group has kicked off major renovations at 200 EVB, a 10-story office building purchased late last year — along with a semi-adjacent parking garage — located at 200 E. Van Buren that formerly housed the Arizona Republic offices. Among the upgrades will be a complete first-floor overhaul with new a lobby, restrooms and conference area; a second-floor collaborative … [More]
Avondale’s Alamar Aligns With City Goals
Homebuilders Shea, Landsea Homes, Gehan Homes and Taylor Morrison are among the first that developer Brookfield Residential (Arizona) plans to partner with for Phase I of Alamar, which includes 461 homesites developed within six distinct neighborhoods, slated to open in second half of 2020. Brookfield has been working closely with the City of Avondale to align the … [More]
Co-working Is Disrupting Office Spaces
Working from non-traditional spaces was once the realm of artists, writers and road warriors. People joked about those with computers taking up seats at coffee shops, cafes and restaurants, not seeing the larger trend coming into play. Today, it’s becoming a much different story. It is forecasted that by the year 2020, up to half the U.S. workforce could be freelancers in … [More]
SkySong Momentum Builds to Phase 6
Office leasing momentum remains strong at SkySong, a 42- acre mixed-use development. SkySong 5 recently opened, as well as the new Element Hotel at SkySong, and preleasing has begun for SkySong 6, which is expected to start construction in the spring. Project architects Butler Design Group created cutting-edge design concepts and renderings for the new building, which will have … [More]
Downtown Phoenix Multifamily High- Rise with Retail
Phoenix’s nation-leading job growth and related rapidly growing demand for residential and commercial real estate space attracted the attention of Rastegar Property Company, a vertically integrated real estate investment firm focused on value-add and development in all asset classes across the United States. The Austin, Texas-based company acquired a high-rise lot in downtown … [More]
Commercial-Scale Solar Lending for SMBs
Direct Solar recently launched a commercial solar lending solution, filling what the company sees as a massive market void. The solution will serve customers that own and/or manage commercial properties. Direct Solar, a subsidiary of SinglePoint Inc., is one of the first companies to offer this type of lending solution. “This is a massive opportunity to fill a huge gap in … [More]
Great Wolf Lodge to Open Early
Great Wolf Lodge Arizona, at the eastern edge of Scottsdale, will be opening earlier than originally anticipated, with September 18, 2019, now slated as its opening day. Focus will be on the 350-room resort’s waterpark, with attractions that include a first-of-its-kind four-person, high-thrill raft ride called Diamondback Drop. Beyond the water park, Great Wolf Lodge Arizona … [More]
The Luxe Phase II Launched in Desert Ridge
In The Luxe, a $145 million luxury condominium community located within the Desert Ridge neighborhood, family-owned The Statesman Group offers residents a significant resortstyle amenity designed for seamless indoor and outdoor living plus access to a range of on-site services. The second phase — 35 condos priced from the high $600,000s — recently came on line offering … [More]
Don’t Sign that Lease without Verified Ventilation Performance Defined
Did you know you breathe more than 11,000 liters of air a day? If you’re reading this, you will probably spend around 2,000 hours per year breathing the air in the office for which you are about to sign that lease. This year alone, you will bring into your lungs more than 900,000 liters of whatever is in the air of that cool new office space. Would you drink 900,000 liters of … [More]
Appetite for Industrial
One of the largest industrial developers in Southern California, CapRock Partners, has become an active player in Phoenix’s real estate market. “We see a lot of corporations and jobs leaving California for Arizona (among a few other states) and we think that’s going to continue,” says Bob O’Neill, senior vice president of acquisitions. Lower cost is one factor. Another big one … [More]
