Lifestyle, location, access to services and homes that are quickly gaining value are all among the contributing factors behind the success of Fulton Homes’ Promenade neighborhood, along with sweeping views of the San Tan Mountains, resort-inspired amenities, walking trails, parks and quick move-in options. “Homebuyers were signing contracts before the models ever opened at … [More]
Apartment Development Planned for NW Valley
Houston-based Hines plans to develop a 325-unit luxury multi-family community that will total 318,000 square feet on approximately 11 acres near the northwest corner of Happy Valley Road and 35th Avenue. The parcel was purchased for $6,725,000 from locally based shopping center development company The Pederson Group, which acquired the full 23-acre site from the Arizona State … [More]
Get Real – April / May 2020
Landsea Launches High-Performance Homes Landsea Homes has launched its “Live in Your Element with High Performance Homes Program” in select communities across Arizona and California. The new program features the three core pillars of home automation, sustainability and energy savings, which gives homebuyers connected living at their fingertips, providing ease, security and … [More]
Phoenix’s Industrial Pipeline
According to the 2020 Industrial Pipeline study recently released by COMMERCIALCafé, a nationwide commercial real estate listings platform, Phoenix is the seventh-most attractive market for industrial development in 2020, with 45 projects totaling roughly 8.3 million square feet expected to come online this year. Last year, industrial property construction added 144 million … [More]
Union @ Roosevelt Attracts Chicago Investor
Union @ Roosevelt, a recently developed mixed-use project within the popular Roosevelt Row district of Downtown, has been sold to a Chicago-based investor for $27 million. Located at 888 N. 1st Ave., it features 80 luxury, mid-rise apartments with 9,100 square feet of ground-floor retail space and 28,000 square feet of land. “We were very excited to work on such an intricate … [More]
Design-Built College Prep Campus
Stevens-Leinweber Construction, one of the Valley’s most active tenant improvement, new construction and design-build contractors, has broken ground on a brand new, built-to-suit Vista College Preparatory campus. VCP-Sueño Park, a public charter school for grades six through eight, is located on a 3-acre site at the crossroads of 45th Avenue and McDowell in Phoenix, “Vista is … [More]
Real Estate Investment: Self-Storage
In its 2020 self-storage investment forecast for Phoenix, Marcus & Millichap reported that vacancy declined in 2019 amid an 84 percent year-over-year increase in annual completions, as robust job and population growth helped drive up self-storage rental demand. Rents likewise remained unscathed by the robust construction activity in 2019. Moving into 2020, Marcus & … [More]
The Grand Wins BOMA Building of the Year
Lincoln Property Company won “The Outstanding Building of the Year” award last month from the Arizona chapter of Building Owners and Managers Association for its management of The Grand — the first of eight Class A office buildings LPC is developing at the 60-acre Grand at Papago Park Center mixed-use development in Tempe, Arizona. The Desert West Region of international … [More]
Six-Building Medical Campus in Surprise
Auviana, a six-building medical complex being constructed at the southwest corner of Reems Road and Mountain View Boulevard in Surprise, has filled 19,500 square feet of its 52,000 square feet total with Regency Specialties as its anchor tenant. The practice includes specialists in plastics and reconstruction surgery, dermatology, hand and microsurgery, dermatopathology and … [More]
Incomplete Properties to Redesigned Neighborhood
Model homes have opened at Landsea Homes’ newest community, Centerra, in the City of Goodyear. The opening of Centerra marks a significant victory for Landsea Homes and Goodyear, where the downturn of the market 12 years ago left the community in a state of incompletion. Implementing environmentally conscious building materials and smart home automation features, Landsea Homes … [More]
Leasing Open on 3900 East Camelback
The 3900 Camelback Center office building, a Class A project completed in 2009 and recently sold for $54.5 million, offers one of the corridor’s largest contiguous blocks of first floor space available and is situated in the dynamic east end of the submarket. “The midpoint of the Camelback Corridor is shifting eastward,” says Ryan Timpani, executive vice president with Colliers … [More]
Lock-and-Leave Condos in Chandler
Chandler’s newest resort-style lock-and-leave condominium community, Waterfall Villa Residences is under development and pre-selling in advance of model completion. The community showcases a limited collection of 106 custom-crafted, villa-style residences located near the intersection of Chandler Boulevard and Cooper Road. Priced from the mid-$200s, Waterfall meets the area … [More]
Evolving Office Submarket Attracts Vancouver Developer
Townline Ventures has acquired its first Phoenix office asset with the purchase of the recently modernized 20-story midtown office tower located at 2600 N. Central Avenue, the sale negotiated through Colliers International in Arizona. In addition to its current land holdings in Arizona, the Vancouver-based company purchased 2600 Tower as part of its continuing efforts to … [More]
Luxury Multifamily for Downtown Phoenix
Hines, the international real estate firm, breaks ground this month on Adeline — its first multifamily property in the Phoenix market. The 25-story, 379-unit complex near Talking Stick Resort Arena and the new downtown Fry’s grocery store will feature an urban courtyard, junior Olympic-size swimming pool and clubhouse. “Hines has a long tradition of developing iconic luxury … [More]
Taylor Morrison in New Gilbert Community
Leading national builder and developer Taylor Morrison is opening its Greenfield Ranch community in Gilbert. It will offer four floor plans from its Summit Collection, with single-story homes ranging in size from 2,764 to 3,396 square feet, and, from its Capstone Collection, three floor plans that range in size from 3,534 to 4,333 square feet. Greenfield Ranch is located … [More]
ViaWest Developing Industrial in Goodyear
ViaWest Group has closed on the acquisition of a 25.91-acre parcel at Elwood St. and Sarival Ave. in Goodyear, which will be developed into three industrial buildings totaling approximately 410,000 square feet. Construction is set to begin in March 2020 with a delivery in early 2021. “The rapidly expanding Goodyear industrial market is a strategic location for a long-term … [More]
New Mark Kia Largest Image Facility in Arizona
Western States General Contracting is nearing completion on the new, stateof- the-art, $13-million Mark Kia on 8.9 acres at the Scottsdale AutoShow at Salt River development. This is the third car dealership in the Scottsdale-based contractor’s automotive project portfolio and is expected to be completed this month. Slated to be the largest image facility in Arizona and the … [More]
Infill Parking Field to Site Pad Development
Evergreen Devco, Inc., a leading retail and multifamily development company, has begun construction on a pair of single-tenant retail buildings that will house a Black Rock Coffee Bar and a Wilhelm Automotive on the southeast corner of 35th Avenue and Greenway Road in Phoenix. The two buildings are part of Evergreen’s pad development project of an existing shopping center. … [More]
