The recent sale of 5.45 acres on the southwest corner of Citrus and Bethany Home roads, which traded for $2,200,000, served as a stepping stone for the area as it not only generated the highest price per square foot for land in the area but also sparked the residential development of 182 acres across the street. The buyers plan to develop a state of the art self-storage … [More]
Cavasson Continues Growth with Commitment from Meritage Homes
Cavasson, a development at Loop 101 and Hayden Road in Scottsdale, recently added leading U.S. homebuilder Meritage Homes’ corporate headquarters to the strong mix of tenants that so far includes Stealth Partner Group, Sigma Company’s Bar-S Foods and Quantum Group. “This significant commitment from Meritage Homes paves the way for the next phase of office development at … [More]
Phoenix Is the Next Area of Opportunity for Chicago-Based Development Group
The Phoenix metro area is home to some of Chicago’s greatest exports — Chicago Cubs Spring Training, Portillo’s and Lou Malnati’s Pizzeria, to name a few. Soon, Phoenix will also be home to Belgravia Group’s first out-of-Chicago development — Portico. It’s a monumental and exciting move for the 70-plus-year-old luxury development firm — and a natural one. Belgravia Group’s … [More]
Upscale Retail Town Center for Verrado
A major retail center is due to start taking shape mid next year at the Verrado development in Buckeye. DMB Associates, the master developer of the 8,800-acre Verrado master-planned community, is partnering with Vestar, the largest privately-held shopping center owner, developer and manager in the western United States, to create a dynamic retail center. Verrado Marketplace … [More]
Dominium Addresses Area’s Affordable Housing Need
With the grand opening last month of Solstice of Mesa, Dominium celebrated its first new construction project in Arizona — a 289,840-square-foot, 237-unit apartment complex for seniors earning no more than 60% of area median income. Located at Hawes and Broadway roads, the project is already 100% leased due to need in the area. Tofel Dent Construction of Tucson was the … [More]
Lincoln Property Co. Readies Next Phoenix Mega Project
LPC Desert West, the Southwest arm of Dallas-based Lincoln Property Co., has completed a $53 million, 140-acre land acquisition in Glendale, Arizona, for its next mega metro Phoenix industrial project, Luke Field. The $515-million, 2.3-million-square-foot development is bordered by Litchfield Road, Northern Avenue, the new Northern Parkway and Luke Air Force Base. It is minutes … [More]
IndiCap and AECOM-Canyon Partners Enter the Phoenix Market with Planned Industrial
IndiCap, a newly formed boutique commercial real estate company specializing in industrial investment and development in the Arizona and Nevada sectors, in a joint venture with AECOM-Canyon Partners, announced its entry into the Phoenix real estate market with the recent $48-million acquisition of two parcels of land totaling 113 acres in the Eastmark master-planned community … [More]
ViaWest Group Closes on 4th Opportunity Zone Deal
ViaWest Group, in a joint-venture with American Opportunity Zone Advisors LLC, has acquired an 8.8-acre land parcel in Goodyear, one of the top 10 fastest-growing cities in the U.S. and Arizona’s second-fastest-growing city, adding a valuable development parcel to its extensive portfolio. This unimproved land site is situated immediately south of its Goodyear Crossing … [More]
Designing for Senior Communities – The Revel Brand
Six years ago, we began concepting a new type of senior community with the goal of reinventing the look and feel of senior living. Our team’s design backgrounds mainly included experience in market-rate multifamily properties, high-concept leasing and cultural galleries, and hospitality, so we approached senior living with zero pre-conceived notions. We started the process by … [More]
Phoenix Data Center Numbers Are High
Phoenix, which has been one of the nation’s strongest-performing data center markets for the past many years, continues to shine. Thanks to our booming population, a mix of cloud, social media and technology companies are all vying for space here. This keeps demand always ahead of supply, even within the Valley’s significant inventory of Class A data center product. This … [More]
George Oliver’s Arbor to Bring ‘Urban Organic’ to Downtown Tempe
Downtown Tempe is one of the nation’s most dynamic office markets and the perfect location for the Arbor’s high-touch design concept and unmatched amenity base. It is exactly what users are asking for as they reoccupy their office spaces. We pulled great inspiration from the Mill Avenue landscape for our development and will be including Instagram artwork features and a signage … [More]
Camelot Homes Plans Three Luxury Communities in Scottsdale
Camelot Homes recently closed on the purchase of three parcels of land in Scottsdale, with plans to break ground this year on three new luxury gated enclaves with a combined total of 29 homes: Aura, on 8.5 acres at the southeast corner of 128th Street and Shea Boulevard; The Collection, on 4.7 acres at the northeast corner of 74th Street and Valley View Road; and Legacy at D.C. … [More]
MAK Homes’ New South Mountain Community Celebrates Area History
Designed by MAK Homes, Heard Farm is an intimate 24-home community offering modern farmhouse- styled homes focused on sustainable living and intently echoing the agricultural history of this property. The five unique home designs of Heard Farm are in direct response to the agricultural context of the South Mountain area focusing on simplicity and elegance. The Heard Farm home … [More]
Landsea Homes Breaking Ground on Communities East and West
Landsea Homes recently broke ground on three new communities in Arizona: El Cidro in Goodyear, 201 homes featuring the small-town charm of single-family homes; Rev at Eastmark, offering 90 modern single-family homes in Landsea Homes’s newest neighborhood in the Eastmark master plan in Mesa; and The Villages at North Copper Canyon in Surprise, 315 one- and two-story … [More]
VDC Leading the Way in Creating Sustainable Buildings
As the industry continues to overcome the aftermath of the pandemic, in addition to today’s supply chain issues, leaders are seeking better efficiencies within the workplace now more than ever before. In a larger effort to keep up with the high demand of commercial real estate projects, implementing virtual design & construction (VDC) within their processes can benefit … [More]
Korman Communities, RXR Make Phoenix Debut with Flexible-Living Multifamily Development
Korman Communities and RXR have completed the purchase of their first property in the Phoenix market: AVE Phoenix Terra at the southeast corner of Fifth Avenue and Fillmore Street. The newly opened 348-unit, seven-story, professionally managed, Class A residential mid-rise features luxury apartments, fully furnished apartments, 60,000 square feet of amenity space, and 7,000 … [More]
Peoria’s Largest Master-Planned Community Site Draws Developer
Castle Hill Partners, an Austin-based community developer, purchased the 5,261-acre master-planned community project known as Saddleback Heights. The parcel is the largest remaining undeveloped master planned community project site in the city of Peoria, Arizona. “This is one of the highest-quality sites for a new master planned community we have seen in our search of the … [More]
Abrazo to Build Med Campus in W. Phoenix
Abrazo Health has acquired property to develop a medical campus on 27 acres near the southwest corner of I-10 and Verrado Way. The initial phase of the development is expected to break ground in 2022. Plans for the campus include a medical office building, ambulatory services and an acute care hospital. Abrazo Health anticipates that its new medical campus will be a health care … [More]
