Build-to-rent communities Corsica Villas at 20th St. and Corsica Villas at Euclid Ave. are being developed concurrently. These represent the first in Arizona for Rockefeller Group, the U.S. real estate developer, owner and operator. With Mosaic as general contractor, vertical construction recently began on the 152 one- and two-bedroom townhomes that will be delivered in the … [More]
The Switchyard: Major Multi-Use Development for Queen Creek
Leading real estate developer Creation, in partnership with Horizon Real Estate Ltd., broke ground recently on The Switchyard, a $120-million mixed-use project poised to become Queen Creek’s first walkable, design-driven district, uniting sought-after restaurants, retail, offices and future residential. Tenant interest is strong, with three restaurants announced (Snooze, an … [More]
Skyline Ranch Marketplace: Major Retail Coming to San Tan Valley
SRS Real Estate Partners recently completed the $10-million sale of a 31-acre commercial land parcel at the northeast corner of Hunt Highway and Gary Road in San Tan Valley, Arizona. The transaction marks a significant milestone in the commercial expansion of the rapidly growing southeast Phoenix submarket. The property was sold by WinCo Foods, which originally acquired the … [More]
Low-Coverage Development for an Evolving Industrial Demand
ATLAS Exchange, a project planned for a 38-acre parcel in Mesa by Scottsdale-based ATLAS Capital Partners with Hawkins Development Company, breaks with traditional land-usage development with its low-coverage building designs with large, secured and screened yards, offering operational flexibility to an increasingly diverse Arizona industrial market. “This style of product is … [More]
Customary, Elevated & Unexpected: Amenity Trends across the Real Estate Spectrum
Nearly every trend report for 2025 is saying that amenities are leaning more personalized and user focused. The interesting part of that is it’s not industry specific; it is across the board for offices, travel and hospitality, multifamily, and single family. HqO, a leading office building operations company, has conducted research that stresses, “Understanding tenant … [More]
Construction Begins on Nexus Commerce Center
Construction has begun on Nexus Commerce Center, a 273,000-square-foot Class-A industrial park designed to accommodate a variety of tenants, including light manufacturing, assembly, research and development, logistics and fulfillment. The infill project from Creation, a Phoenix-based real estate development and alternative investment firm, and LGE Design Build, a premier … [More]
New Build-to-Rent in Maricopa Addresses AZ Housing Shortage
Dominium, a leading national affordable housing owner, developer and manager, recently broke ground on its first Build-to-Rent community in Maricopa. Saddleback Village at Stonegate will offer 215 high-quality homes, each with three and four bedrooms in the fast-growing area. The community will feature a playground, private backyards and outdoor amenity spaces. To live at … [More]
Class-A Industrial Completed Adjacent to the Scottsdale Airport
LGE Design Build, an award-winning integrated design-build firm, recently completed construction on Thunderbird Commerce Park, a 243,360-square-foot Class-A industrial building in Scottsdale Airpark developed by Creation. Blending a refined industrial aesthetic with operational flexibility, the project is situated on an 18-acre parcel east of the southeast corner of … [More]
Tariffs and Their Impact on Commercial Real Estate
Developers must strategize on sourcing and usage
In recent months, there has been increasing concern among commercial real estate professionals with the potential impact of new tariffs. These tariffs, introduced as part of broader trade policies, have affected various industries, with commercial real estate being no exception. From construction costs to property values, these tariffs are resonating across the CRE sector, … [More]
New Attainable Housing Project in Tempe
Dwell @ 5th and Farmer is an innovative, transit-oriented, attainable housing community from Holualoa Companies. Located on a two-acre parcel in the heart of Tempe, the multifamily project will provide new housing options for residents working in downtown Tempe, Arizona State University and other locations. The 129 attainable housing units are integrated with two existing … [More]
Sustainable Luxury Community in North Scottsdale
As Optima McDowell Mountain takes shape in North Scottsdale, award-winning real estate firm Optima is setting a new benchmark for sustainable luxury with its $1-billion mixed-use community, featuring meticulously designed residences, cutting-edge green building techniques, expansive open space and community-driven amenities designed for modern desert living. Designed by … [More]
Behavioral Health Services Battle Stigma in Office Space Search
Most business owners in search of office space have a variety of options — the real challenge is finding the best space to fit operational and financial criteria. That is not the case for providers of behavioral or mental health services. In fact, behavioral health providers are routinely met with roadblocks. According to the National Institute of Mental Health, … [More]
Adaptive Reuse – Creating Jobs and Saving History One Old Building at a Time
Heather Lennon sitting on a table made of the Phoenix Suns court from the 1990s) As an entrepreneur, niche general contractor and real estate developer, I have spent my 27-year career applying adaptive reuse not just as a design philosophy, but as an economic and cultural catalyst. Simply owning an old or historic building does not preserve it — its survival depends on … [More]
Addressing the Workforce Crisis in Construction
Timelines, safety and overall quality also at risk
The construction industry faces a significant workforce shortage, with projections indicating a need for 454,000 additional workers in 2025. As skilled laborers exit the field faster than they can be replaced, the shortage threatens project timelines, safety and overall quality. Addressing this challenge requires a multi-faceted approach that includes innovative workforce … [More]
State-of-the-Art Fulfillment Center Includes Advanced Technology and Truckers’ Lounges
Phoenix-based Stevens-Leinweber Construction recently completed a state-of-the-art Global Fulfillment Center for Illinois-based Parts Town Unlimited. Parts Town’s new operation spans 420,536 square feet, occupying all of Building B at C|303 Phase I, a 1.75-million-square-foot industrial development in Glendale by Merit Partners, Inc. The facility establishes Parts Town’s … [More]
Lifestyle Trends Driving Real Estate Decisions
Although many of us have settled into the new year and our resolutions have lost their momentum, we can all benefit from continual reflection on the last couple of years and how we can move forward in ways that are productive and inspiring. One way to do that correlates with a lifestyle trend we have been following for a while and is really gaining traction right now. This … [More]
Nextwave Tempe Breaks Ground on Former Big Surf Site
Developer Overton Moore Properties and its partner, Invesco Real Estate, have started construction on Nextwave Tempe. The project consists of three Class A industrial buildings totaling 689,000 square feet on 35.5 acres at the former site of the Big Surf Waterpark in northeast Tempe at 1500 North McClintock Drive. The three divisible buildings can accommodate customers from … [More]
Phoenix Small-Office Product Lagging
Over the last four years, small-office product of 20,000–50,000 square feet has outperformed larger product greater than 50,000 square feet. But Cushman & Wakefield Research, using statistics based on leasable office buildings larger than 20,000 square feet in Metro Phoenix, reports this has changed. There are 393 buildings in the 20,000 to 50,000 sf size range, … [More]
