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]
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]
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]
Caliber Focuses on Mesa’s Downtown Revitalization
Part of Caliber’s ongoing redevelopment efforts in downtown Mesa is its recent lease to ZenniHome, which will be installing 90 ZenniHome units at 29 West Main Street. This innovative company was founded in 2019 to bring viable solutions to the housing industry shortage, designing and factory-building their model homes — constructed with a minimal environmental footprint — to be … [More]
Attainable Housing Development Begun in Downtown Tempe
Construction will begin soon on Dwell: A Work @ Home Community, among the existing Farmer Studios buildings. Developer Holualoa companies conceived Dwell to be a combination of flexible workspace and apartments for urban professionals, priced for people making 80 to 120% of the average median income in the Valley. According to the company, the project is designed to address the … [More]
Luxury Build-for-Rent Community Planned for Southeast Valley
Scottsdale-based developer Empire Group recently closed on a 27-acre parcel near the foothills of the San Tan Mountains for approximately $13.8 million. Plans for the land are now underway for a build-for-rent gated community called Village at Borgata within the master-planned Borgata at San Tan, which is a total of 100-acres that will include mixed-use commercial, apartments, … [More]
Rio Salado Project to Combat Food Desert
Ground has broken on the 140-acre Arizona Food Innovation Center along Rio Salado in Phoenix, at 1150 E. Elwood Street, that will include a year-round farmers market and community park. Developed by Arizona Fresh and Plaza Companies, this is the first new physical development within the John McCain Legacy Project, Rio Reimagined, converting a former brownfield site into an … [More]
Master-Planned Community Boosts Growth in Buckeye
The Howard Hughes Corporation® plans to develop Arizona’s largest master-planned community, in partnership with JDM Partners and El Dorado Holdings, in Buckeye, already one of the nation’s fastest-growing cities. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and the cultural life of its communities. The … [More]
Leasing Home Run for Mesa Industrial Product
On behalf of Metro Commercial Properties, leading national design-build contractor Graycor Construction Company has delivered the final industrial buildings at Metro East- Valley Commerce Center in Mesa, Arizona. Designated as Phases III and IV, the delivery totals five buildings and marks the completion of the 11-building, 1.1-million-square-foot Class A industrial project – … [More]
Best-In-Class Industrial Project Underway in West Valley
Leading design-build construction firm LGE Design Build, alongside developer Echo Real Estate Capital, has begun construction on Echo Park 303, a two-building, modern industrial facility in Glendale near the intersection of Northern Parkway and Reems Road. With an expected completion of Q3 2023, the 676,176-square-foot best-in-class industrial product will sit on nearly 40 … [More]
Small to Mid-Bay Multi-Tenant Industrial Added in East and West Valley
Nicola Wealth Real Estate has partnered with Hopewell Development (Hopewell) to acquire a 17.79-acre industrial development site in the north Mesa submarket adjacent to Falcon Field Airport and a total of 14.20 acres in Peoria off the 101 Corridor. The two projects total 32 acres with the ability to develop up to 486,200 square feet spread over six buildings. The North Mesa … [More]
More Office/Warehouse in Chandler
Phoenix-based DPMG Galveston, LLC has started construction on its Chandler Corporate Industrial Center II project in Chandler, situated at the southwest corner of McClintock Drive and Galveston Street in Chandler. The building will contain 86,286 square feet of office/warehouse space available to a single tenant or divisible to suites ranging from 3,371 to 8,042 square feet, … [More]
Infill Industrial in SW Phoenix
VanTrust Real Estate, LLC, the NAIOP Arizona 2021 Industrial Owner/Developer of the Year, broke ground on its latest speculative industrial development, VT 202, located on 12.1 acres along 59th Avenue in the high-demand Southwest Phoenix submarket. With completion expected in February, the two buildings of this infill project are designed for flexibility in tenant requirements … [More]
