Sunbelt Investment Holdings Inc. has initiated development of more than one-half-million square feet of fully speculative warehouse, distribution and manufacturing space within the Loop 303 corridor in Goodyear. Working with general contractor Graycor Construction, SIHI recently debuted plans for Phase I of Camelback 303, which will be a 4-million-square-foot Class A industrial … [More]
The Strength of Arizona’s Multifamily Market
The Arizona multifamily real estate market remains one of the hottest in the country and the demand is only rising. The market’s success can be attributed to a perfect trifecta of conditions: tremendous population growth, an exceptionally strong job market and a diminished single-family housing supply that has kept Arizona as the multifamily darling of the real estate world. A … [More]
Construction Trends
The building industry has taken several major hits in the last few years — COVID shutdowns followed by labor and supply shortages, the ongoing climate crisis and economic changes are just a few — and because of that, it’s an interesting area to look at for trends. People innovate when they need to problem solve, and each of these setbacks has brought forth exciting new advances … [More]
Housing Will Replace Iconic Paradise Valley Church
New single-family housing will be built on the five-acre site of the iconic Ascension Church in Paradise Valley, after business partner of celebrity chef Gordon Ramsey purchased the church for $11 million — $500,000 over asking price. The church’s close proximity to the $2 billion Ritz Carlton Paradise Valley project puts it at the center of an increasingly popular and growing … [More]
Dominium Developing Affordable Apartment Homes in Goodyear
Dominium, a leading affordable housing owner, developer and manager, recently closed on the approximately 28-acre site located at 16985 W. Van Buren Street in Goodyear, where it plans to construct 657 new affordable apartment homes for low-income families and seniors. Once constructed, Estrella Springs and Suncrest Vista at Canyon Trails will provide a combined total of 396 … [More]
Membership Model for Senior-Living Developments
The membership model is a business trend on the rise across many different industries, from subscription-based goods and services like Amazon Prime to members-only private athletic and social clubs like Soho House. From a business standpoint, having a membership model can help organizations grow by engaging with customers and retaining members long term. From a consumer … [More]
Infill Housing and Sustainable Construction: A Solution to Phoenix’s Water Woes
The Valley continues to experience significant population growth and with that comes more urban sprawl and housing developments. Construction is booming, but at what cost to local municipalities and businesses. Previously, developers could find creative solutions to meet water needs for new communities in outlying areas, but water shortages and sourcing challenges threaten to … [More]
Strategic Innovation
Most consumer-related business decisions can arguably be simplified down to one main goal: competitive advantage. The four main types of competitive advantage are cost leadership, differentiation, defensive strategies and strategic alliances. Specifically for our multifamily clients, all four of these strategies are directly related to the strength of the client’s amenity … [More]
Chandler Airpark Tech Center Coming Online
Premier design-build firm LGE Design Build, in partnership with Clarius Partners, recently completed construction of phase one of Chandler Airpark Technology Center, a 26.29-acre industrial development located on the southwest corner of Gilbert and Ryan roads. Phase two is now underway, with completion expected in November. The first 13.79-acre lot is under Planned Area … [More]
West Summit Logistics Park Breaks Ground in Surprise
Mohr Capital, as project developer, and Rosewood Property Company, as equity partner, recently kicked off construction on West Summit Logistics Park, strategically located in the established industrial submarket of Surprise, Arizona. The logistics park will consist of two Class-A industrial buildings totaling 704,472 square feet across 46 acres of land. Ware Malcomb serves as … [More]
Buckeye Industrial Building Expands Tempur-Pedic’s Metro Phoenix Footprint
Lincoln Property Company’s Southwest division, LPC Desert West, and partner Goldman Sachs have signed leading mattress and pillow maker Tempur-Pedic to a full-building pre-lease at Buckeye85, located in the heart of Phoenix’s I-10 Corridor. The lease brings the $60 million, state-of-the-art warehouse and distribution project to 100% occupied prior to completion of … [More]
Repurpose, Reuse: How Commercial Construction Can Adapt
The commercial construction industry in Arizona is projected to hit approximately $6 billion in 2023, according to IBISWorld research. It is no surprise to learn that the construction industry is booming throughout the state, and more specifically in Maricopa County; it is tough to drive anywhere in the state without seeing a construction project. Repurposing an existing space … [More]
Mixed-Use Peoria Place Starts with Industrial Park Groundbreaking
Greystar Real Estate Partners recently broke ground on Caliber by Greystar. The three-building, Class A industrial park is the first element to break ground at Greystar’s Peoria Place, a $500-million mixed-use master plan designed to revitalize a central historic downtown infill land site in Peoria, Arizona. Caliber is located along the US 60, at the southwest corner of 79th … [More]
Dynamic Commercial and Retail Destination FIVE NORTH at VISTANCIA Takes Shape
The Vistancia master-planned community’s 320-acre commercial and retail destination FIVE NORTH at VISTANCIA is taking shape as the first hot spot in the far North Peoria/West Valley area. Envisioned as the energetic heartbeat and high-quality lifestyle hub of the award-winning Vistancia community, FIVE NORTH at VISTANCIA’s plan includes a mix of unique, eclectic and … [More]
1.5M SF Virgin Industrial Park Breaks Ground in West Valley
Virgin Industrial Park, a five-building, 1.5 million-square-foot Class A industrial project, has broken ground in the booming Loop 303 Corridor, on the northwest corner of Olive and Reems roads in metro Phoenix’s West Valley. The project is being developed by IndiCap, a boutique commercial real estate company specializing in industrial investment and development in the … [More]
Empire 101 Is New Infill, Class-A Industrial Project in Peoria
On behalf of KBC Advisors Arizona, Phoenix-based Stevens-Leinweber Construction has started construction on Empire 101, a 152,134-square-foot Class A industrial project fronting the Loop 101 freeway, at 89th Avenue and Sweetwater Road in Peoria, Arizona. Completion is expected in January 2024. Located just 12 minutes from the new TSMC semiconductor Fab plant and with access … [More]
Listening Facilitated Successful Logistics Center Construction
Phoenix-based Stevens-Leinweber Construction recently completed the custom build-out of 160,000 square feet at Phoenix Logistics Center Two, designed to meet the manufacturing and distribution needs of new tenant Georgia-Pacific LLC and its HP PageWide T1190 Press, the world’s largest high-volume digital pre-print solution for corrugated packing. “This project was a great … [More]
A Model for Modern Urban Cities and the 21st-Century University
How does a major research university make the best use of its last 355 acres adjacent to its main campus in Tempe?
If you’re Arizona State University, you create a development that is a model for modern urban cities. Novus Innovation Corridor is designed to be distinctly different, with a unique innovation ecosystem that aligns education with employment. As part of this vision, Novus will offer access to knowledge, people and ideas; empower businesses of all sizes to grow and scale at an … [More]
