Landsea Homes, a publicly traded residential homebuilder, recently closed on 65 homesites and began construction on a new neighborhood called Solvida in the Estrella master-planned community in Goodyear. The company also broke ground on 616 new homes at Citrus Park, its own master-planned community. All homes at Solvida in Estrella and Citrus Park will contain Landsea Homes’ … [More]
Luxury Lease Villas for Litchfield Park and Goodyear
Family Development, one of the country’s premier homebuilders with a multitude of projects throughout the Southwest, has begun construction on two new luxury lease communities in Arizona: Villas Litchfield Park, which will feature 153 units, and Villas Goodyear, which will feature 151 units. Both build-to-rent projects are expected to be completed in 2024. Photo courtesy of … [More]
Build-To-Rent Project in Avondale
Trilogy Investment Company, a leading national provider of build-to-rent housing communities, has created a strategic joint venture partnership with Cimbra Partners LLC (through its subsidiary Cimbra Investors Encanto, LLC) and has closed on seven acres of land at the corner of Encanto Blvd. and N. Avondale Blvd. in Avondale. The 84-unit townhome community called Encanto … [More]
Casa Grande Is Hot for Industrial Growth
Dale Cavan, a Phoenix-based developer, has purchased a 24-acre parcel in Casa Grande at the southeast corner of Thornton Road and Ash Avenue, with plans to build a new commerce park. The Casa Grande Commerce Park will feature a series of speculative buildings under 70,000 square feet to accommodate industrial needs in the area. Kirk McCarville, CCIM, and Trey Davis with … [More]
Gilbert Industrial Project Demonstrates Leasing Strength of Southeast Valley
On behalf of developers GID and SunCap Property Group, Graycor Construction Company has completed construction on Gilbert Spectrum Buildings 9, 10 and 11, three brand new Class A buildings within the 64-acre Gilbert Spectrum industrial park, located at McQueen and Elliot roads in Gilbert, Arizona. Being leased by Ken McQueen and Chris McClurg of Lee & Associates … [More]
Five Things to Look for when Hiring an Interior Designer
We are all taking strategic steps to prepare to navigate yet another unsure market. Selecting the right team for a project is one of the most important steps to make. For a successful project, here are five things to look for when hiring an interior designer. Efficiency and Flexibility First is to make sure to have a team where efficiency and flexibility are highly valued. … [More]
Central Phoenix Multifamily Is Arizona’s First Iconic Libeskind-Designed Building
InveStellar Corporation, a Phoenix-based urban development and advisory firm specializing in providing long-term value through iconic mixed-use, residential and hospitality projects, plans to develop Rainbow Road, a 36-unit architecturally significant apartment community situated on 13,500 square feet located near Roosevelt Row in central Phoenix. This boutique multifamily … [More]
Expanded Rinchem Campus Provides High-Demand Chemical Services to Semiconductor, Other Growth Sectors
Graycor Construction Company has initiated construction on a new, 123,516-square-foot flex industrial facility in Surprise, Arizona, for Rinchem Company LLC, the world’s largest network of chemical and gas distribution centers. The new facility will be Rinchem’s third in metro Phoenix and part of a global Rinchem supply chain that safely handles more than 4 billion pounds of … [More]
Commercial Real Estate Trends to Look Out for in 2023
The year 2023 could be a challenging one for the commercial real estate industry, with the combination of market volatility, high inflation and interest rate hikes. Not to mention, the latter half of 2022 brought instability to the U.S. economy, causing hesitation and anxiety in consumers and investors. With the rise in real estate prices and the prospects of another looming … [More]
Optima: LEEDing the Way in Sustainability and Conservation
Optima, an award-winning real estate development firm, recently announced plans to move ahead with its next Arizona residential development, Optima McDowell Mountain Village, in North Scottsdale after receiving the city’s approval for the $1-billion sustainable mixed-use community. Breaking ground spring/summer 2023, the 22-acre site, located on the southeast corner of … [More]
Active Adult Living Community Breaks Ground in North Phoenix
Liv Communities, a seasoned provider of luxury apartment homes, has entered the 55+ market with its recent groundbreaking of an age-qualified community in the Norterra area in North Phoenix. The upscale community, Liv+ Union Peak, on 21st Avenue north of Happy Valley Road, will boast 145 units and will be ready for occupancy in late summer/early fall of 2024. Active adults can … [More]
Homes at ‘Attainable Price Points’ Coming to Buckeye
Landsea Homes Corporation, a publicly traded residential homebuilder, has broken ground on Bentridge, located in Buckeye, Arizona, offering High Performance Homes at today’s entry-level price point. Supported by a partnership with Apple®, the homes utilize the Apple HomeKit™ environment to operate all home automation features from one mobile application. The 247-home … [More]
Phase One of Goodyear AirPark Breaks Ground
Lincoln Property Company’s Southwest division, LPC Desert West, and Scottsdale-based Harvard Investments have joined with the City of Goodyear and project stakeholders to break ground on the Phase One of Goodyear AirPark, a Class A industrial development. Phase One totals 1.6 million square feet in six buildings ranging from 81,000 to 775,000 square feet. Targeting mid- and … [More]
Property Tech Enables Centralizing Services
It’s impossible to attend an industry conference where the goal to centralize services is not one of the most important topics. At its core, centralization leverages technology to offload the responsibilities of various tasks to a dedicated team, increasing efficiency and streamlining processes to improve overall workflow across a portfolio. In multifamily, this allows onsite … [More]
Construction: Key Trends Expected to Shape the Industry in 2023
In its fourth quarter Construction Delivery Outlook report, leading national design-build firm LGE Design Build examines key trends in construction labor, supply chain, material costs and demand to determine what will define the industry in 2023. “Amid the speculation and uncertainty of a looming recession, this report provides critical insights that can help guide leaders … [More]
113-Acre Mesa Industrial Park Breaks Ground
IndiCap and AECOM-Canyon Partners are developing Eastmark Center of Industry, a 113-acre industrial park located in the heart of the Gateway Airport submarket in Mesa, Arizona. At completion, the park will total 10 buildings and more than 1.6 million square feet of mid-bay and cross-dock Class A industrial buildings. IndiCap purchased the project site in April 2022 for $48 … [More]
New Luxury Rental Community for Gilbert
Operating at the leading edge of the build-to-rent industry, Family Development — a preferred homebuilder in California, Arizona and Texas — and tech-enabled general contractor Mosaic recently broke ground on Town Germann, a gated, build-to-rent community located in Gilbert, Arizona. The 14.5-acre property will consist of 209 luxury, two- and three-bedroom townhomes ranging … [More]
Optimizing HVAC Systems – Decarbonize Building Operations, Save on Operating Costs
With current and upcoming carbon footprint reduction requirements aimed at reducing greenhouse gas emissions, now is an excellent time to look at simple ways HVAC systems can contribute to building decarbonization goals while simultaneously lowering energy costs. The Refrigerant-Oil Relationship Before we can discuss solutions to enhancing the sustainability of HVAC systems, … [More]
