GSQ has reached a construction milestone with the groundbreaking of Goodyear Way, the major street infrastructure connecting Goodyear Civic Square at GSQ to the 150-acre mixed-use development poised to become the city’s new downtown. A joint venture between RED Development and Scottsdale-based Globe Corp., GSQ is set to transform Goodyear as the city’s premier cultural hub … [More]
Class A Industrial Completed in Glendale
Construction has been completed in the development of Echo Park 303, a 676,176-square-foot industrial project located near the intersection of Northern Parkway and Reems Road in Glendale, within the thriving Loop 303 corridor. The Class A industrial center is 33% leased. The project, developed by Echo Real Estate Capital and designed and built by LGE Design Build, is poised … [More]
Live, Work, Shop, Play in Gilbert
Verde at Cooley Station, a mixed-use, walkable center in Gilbert, is finalizing construction and is almost fully leased and ready to enter a consumer-focused phase to fulfill its original vision. “Verde at Cooley Station was built to be a destination and hub for local families and visitors, and we are thrilled to enter a new era of family-friendly fun!” says Norman Brody, a … [More]
PV Parcel Sells Low to Preserve Low Density
In the recent sale of the largest undeveloped parcel of land in Paradise Valley, the sellers accepted a price of $42 million, even though they had received substantially higher offers. The 27-acre parcel, sold by the family of the late John W. Teets Jr., former chairman of the Greyhound and Dial corporations, had been in the family for nearly three decades. It was important … [More]
Emerging Trends in Demand for Phoenix Office Space
According to the U.S. Census, Maricopa County topped the nation in population growth through 2022, and a recent study by QRFY ranked Arizona in the top 10 for most entrepreneurial states based on statistics from the U.S. Bureau of Labor. While some companies are still navigating policies and practices for bringing employees back into the office post-COVID, the combination of … [More]
Transition to Sustainable Energy Sources: A Trend in Real Estate Development
The recent surge in renewable energy deployment has seen substantial growth in utility-scale solar, wind and battery storage projects, driving significant capital investments. These utility-scale projects contribute to the overall grid supply alongside traditional generators like gas and coal-fired plants. However, while utility-scale installations have soared, commercial, … [More]
Managing Common Plumbing Issues within Commercial Buildings
Commercial buildings are active areas where numerous people rely on efficient plumbing systems for daily operations, from washing hands to using the bathroom. However, like any complex system, the plumbing in the building is susceptible to many issues that can disrupt workflow. According to OSHA regulations, all workers must be allowed access to potable water — so, if the … [More]
Expanding Boundaries into the West Valley
All eyes are on the West Valley and for good reason. Communities like Surprise, Glendale and Buckeye continue to attract development and media buzz. From talk of smart cities to bringing more industry to the area, growth continues to climb. In fact, in January of this year global real estate firm Newmark Group Inc. ranked Phoenix No. 1 in the nation for manufacturing growth. … [More]
Build-for-Rent Community Opens in Goodyear
TerraLane Communities, a premier investor and developer of rental neighborhoods, and the build-to-rent arm of residential investor-developer IHP Capital Partners, has completed construction of TerraLane at Canyon Trails South, a new premier rental home community in Goodyear consisting of 297 modern residences and ample amenities. Floorplans are designed to appeal to young … [More]
New Affordable Housing Opens in Phoenix
Rehoboth Place II, built by Gorman & Company in partnership with the Rehoboth Community Development Corporation, is a new collection of affordable housing that recently opened in the Canyon Corridor near 27th Avenue and Camelback Road — one of the most multicultural diverse areas in the Valley. Rehoboth Phase I with 47 units, which opened 13 years ago, and now Phase II … [More]
First Building Topped Off at North Scottsdale Luxury Condo Development
Portico, the luxury condominium community from award-winning Belgravia Group in the Loop 101 and Scottsdale Road corridor, has topped off the first building in its nine-building development. Initial move-ins are set to occur in late summer 2024; Portico is estimated to be completed in spring 2025. The community is a key piece in DMB’s One Scottsdale masterplan development, … [More]
Design Projects: Fit to Execute?
One rarely discussed aspect of interior design that is actually incredibly common is being hired to pick up where other design teams have left off. It’s so common, in fact, that our firm has created a specific service distinction for the offering: SOS Services. From property positioning to design, floor plan rework to drawing completion, budget review to engineering value, … [More]
Eastgate Plaza Breaks Ground in Mesa
Scottsdale-based Diversified Partners, a real estate brokerage and development company, recently broke ground on Eastgate Plaza in Mesa. The 17-acre mixed-use development at the northeast corner of Elliot and Ellsworth roads in Mesa is located north of the Eastmark master-planned community and near the growing Mesa Tech Corridor. Confirmed tenants include a new drive-thru … [More]
Major Queen Creek Shopping Center Reaches Leasing Milestone
Vineyard Towne Center, a 260,000-square-foot project being developed in two phases by Vestar, one of the leading privately held shopping center owners and managers in the western United States, has achieved a significant milestone in reaching nearly 100% leased for Phase I within a few months of completing construction. Specialty grocer, Sprouts Farmers Market, was the first … [More]
Construction Begins on Master-Planned Community in North Scottsdale
Award-winning real estate development firm Optima® is partnering with Mitsui Fudosan America, Inc. for the development of the first building within its newest Arizona residential development, Optima McDowell Mountain Village™, located on 22-acres on the southeast corner of Scottsdale Road and the Loop 101 Freeway in North Scottsdale. The first building, which broke ground last … [More]
Attainable Communities Break Ground in Glendale
Scottsdale-based Greenlight Communities, a real-estate developer dedicated to constructing attainable workforce rental housing, recently broke ground on two projects in Glendale. This project will be Greenlight’s first to offer an affordable Streamliner and attainable Cabana community on adjacent sites. Streamliner Aldea will bring 282-new apartment units and Cabana Aldea will … [More]
Market-Rate Development Breaks Ground in Mesa
Chicanos Por La Causa, one of the largest community development corporations in the nation, recently broke ground on a new mixed-used, market-rate development in Mesa focused on Light Rail transit and community within walking distance of the Downtown area. The Residences on Main will feature nearly 200 apartment units and 19,000 square feet of retail space to promote a … [More]
Phoenix at the Crossroads: Embracing a Future as a Magnet for Visionary Architecture
In the heart of the American Southwest, Phoenix stands at a pivotal moment in its urban development. Unlike older cities whose downtowns are set in architectural stone, Phoenix’s relatively late development offers a unique opportunity. Here lies a blank canvas for creating not just a city, but a destination renowned for its iconic architecture. This potential, however, hinges … [More]
