Scottsdale is set to welcome its newest and hottest entertainment district as Diversified Partners, the Scottsdale real estate brokerage and development company, and Palmer Development Group, the development firm renowned for transforming landscapes into innovative destinations, join forces. The dynamic duo is poised to transform Scottsdale with two major experiential mixed-use … [More]
Unique Hat Retailer Expands to Second Scottsdale Location
Rancher Hat Bar has been making waves on social media and in the local areas with their unique, innovative experience that is now popping up from other brands off of Rancher's initiative, and is now expanding to a second Scottsdale location on 5th Ave. When the Scottsdale Road location is extremely busy and has its normal wait, guests can now pop over to 5th Avenue for even … [More]
Houston-Based French Café Concept to Open First of Three New Locations in Metro Phoenix
Sweet Paris Crêperie & Café, the ultra-popular restaurant brand specializing in sweet and savory crêpes, hot drinks and more, announced its first Arizona location will open in Scottsdale Quarter in the Fall of 2024. With construction beginning in the coming weeks, the new location at 15147 N Scottsdale Rd, Suite 133, spearheaded by strategic partners John and Sue Gilbert, … [More]
Mesa Adventure Van Accessory Manufacturer Joins Forces with Mercedes-Benz
Owl Vans, the leading adventure van accessory company, announces its official partnership with Mercedes-Benz, marking a significant milestone in the evolution of the Adventure Van market. This exclusive collaboration highlights Owl Vans’ commitment to excellence in manufacturing and innovation, positioning the company as a frontrunner in the rapidly growing … [More]
80 Acres in Casa Grande Purchased for New Power Switching Yard and Substation
new power switching yard and substation to address growing power needs in Casa Grande’s West Industrial area
A recently purchased 80-acre parcel in Casa Grande will become a new power switching yard and substation, which will extend capacity and services to the Casa Grande West Industrial area. Casa Grande’s industrial sector has seen a significant increase in industrial users and developers in recent years as the manufacturing industry and related suppliers relocate or expand to … [More]
Inaugural 602 Day Celebration Dubbed a Success by Phoenix Leadership, Business Community
On June 2, 2024, the City of Phoenix officially celebrated 602 Day for the first time. The City partnered with more than 100 local businesses and organizations to offer $6.02 deals and host events to celebrate the Phoenix community and honor 602 as the city’s most historically … [More]
New Listings Up. Homes Selling Faster. Prices Continue to Rise.
Residential real estate inventory improved in May, according to data from Phoenix REALTORS
The number of new listings continued to climb in May in year-to-date comparisons, according to the latest data from Phoenix REALTORS. The first five months in 2024 were up more than 17% compared to the same period of 2023. Homes have also sold faster so far this year when compared to 2023, and the average days on the market dropped from 74 to 64. The year-to-date median sale … [More]
Two Affordable Housing Multifamily Communities Coming Soon to Metro Phoenix
Greenlight Communities, along with Bryten Real Estate Partners, its selected property management company, announced leasing is now underway at their two newest apartment communities. Both communities are located in Metro Phoenix with move-ins set to begin in July and August. Greenlight’s Streamliner communities are focused on providing residents with brand new rental homes … [More]
Japanese Retail Store Opens in Phoenix
Daiso, the renowned global retail chain offering a wide range of affordable and unique products, announced the grand opening at Mountain Park Plaza in Phoenix, Arizona on June 22nd. "We are thrilled to open our store at Mountain Park Plaza," said Jack Williams, Chief Retail Operations Officer for Daiso USA. "This achievement reflects the dedication and support of our … [More]
Real Estate Developer Sells Goodyear Airport Portfolio, Two Fully Leased Industrial Buildings
CIM Group announced the sale of the Goodyear Airport portfolio which is comprised of two, fully leased industrial buildings totaling 726,802 square feet located at 2250 S. Litchfield Road and 1685 S. Litchfield Road, adjacent to the Phoenix Goodyear Airport in Arizona. CIM Group acquired the 450,619-square-foot building at 2250 S. Litchfield Road in August 2021. The building … [More]
ASU Named among the Top Marketing Universities in the U.S.
According to a new study, Arizona State University has been named the fourth-best school in the US for a career in marketing. Digital marketing agency Hennessey Digital analyzed more than 1,300 US universities to find which are the best for a future career in marketing. They looked at 11 factors, including the percentage of business and marketing degrees … [More]
World’s First Direct Air Capture Manufacturing Facility Coming to Mesa, Will Support Up to 400 New Jobs by 2029
CarbonCapture Inc. a leading U.S. direct air capture (DAC) system company that builds modular systems that can be mass produced, signed a lease for an 83,000-square-foot high-volume manufacturing facility in Mesa, Arizona, for its first manufacturing plant. At full capacity, the facility is projected to manufacture 4,000 modules per year-equal to 2 megatons of removal … [More]
Office Space Absorption Predicted over the Next Two Years, but Contraction to Slow in 2025
Absorption of office space – the amount that is leased or occupied less the amount that is vacated or put on the market – is expected to remain negative through 2024 and 2025, though the rate of negative absorption is expected to slow to a near halt by the second half of 2025, according to the NAIOP Research Foundation’s Office Space Demand Forecast. “The office market … [More]
Trinity Capital Exits Its Equity Position in Core Scientific
Trinity Capital Inc., a leading provider of diversified financial solutions to growth-stage companies, announced that as of June 4, 2024, it has completed the liquidation of the shares of common stock of Core Scientific that it received in satisfaction of its claim in Core's Chapter 11 bankruptcy. Trinity provided $30 million in equipment financing to Core in 2021. Core … [More]
First Sprouts Store to Far North Phoenix and Greater Anthem Opening
A new Sprouts Farmers Market in North Phoenix is ready for customers, announced Diversified Partners, the leading Scottsdale real estate brokerage and development company. The new location took over a 28,000-square-foot space formerly occupied by Bed Bath & Beyond in Tramonto Marketplace, near I-17 and Carefree Highway. The grocery chain will provide the community with a … [More]
Developer Completes First Piece of $500M, 88-Acre Peoria Industrial Master Plan
Greystar, a global leader in the investment, development, and management of institutional-quality commercial real estate, joined with officials from the City of Peoria and project partners to celebrate the completion of Caliber by Greystar, a three-building, Class A industrial development in Peoria, Arizona. Caliber marks the first development piece to deliver within … [More]
Hard Rock Music-Themed Hospitality Experience Coming to Scottsdale in 2026
Hard Rock International announced development plans for REVERB by Hard Rock Scottsdale, a music-themed hospitality experience featuring entertainment and outdoor spaces, 195 hotel rooms, an outdoor pool, a rooftop bar and more. The $60 million project in partnership with ERES Capital is expected to open in late spring / early summer 2026, anchoring The Sydney, a mixed-use … [More]
Multifamily Developer Expands Phoenix Presence with Two New Communities
National multifamily developer Wood Partners announced the start of construction on Alta Dove Valley in Phoenix and Alta 87 in Gilbert, Arizona. These new communities bolster Wood Partners' presence in Arizona, bringing its total to 24 starts in the state since the Great Financial Crisis. "Phoenix has, and continues to, experience significant in-migration due to its … [More]
