Echo Real Estate Capital, Inc. recently acquired a fully entitled ±11.65-acre industrial development site at 132nd Avenue and Peoria Avenue in Surprise, Arizona, where it plans to build “Echo Park @ P132,” four new single-tenant industrial buildings totaling 182,610 square feet. Echo purchased the land for approximately $7.1 million in Phoenix’s expanding West Valley. The … [More]
603,000 SF Industrial Project Planned for Mesa
Martens Development Company recently acquired a shovel-ready site at the southwest corner of Ellsworth and Willis roads in Mesa, Arizona, for an industrial project. This sale of ±44 acres accounts for the first phase of the project and the second phase accounts for an additional ±17 acres. In the first phase, Martens plans to build a new, seven-building ±603,000-square-foot … [More]
Sundance Park Phase II Opens in Buckeye
Phase II was recently completed at Sundance Park, located at 22865 Lower Buckeye Rd., adding 38 acres to what is now 68 acres in total and features Buckeye’s first public fishing lake — 3.2 acres and 14 feet deep — which will be stocked with catfish, bluegill, bass and rainbow trout. “This project is a testament to Buckeye’s dedication to creating a vibrant, healthy … [More]
Greenlight Breaks Ground on Workforce Rental Housing in North Phoenix
Greenlight Communities, the trailblazing Scottsdale-based real-estate developer dedicated to constructing attainable workforce rental housing, recently broke ground on its 14th property, located at 33455 N. North Valley Parkway in Phoenix in the I-17 employment corridor and near the upcoming $40-billion TSMC facility and campus. The community, set to commence leasing in … [More]
Big Name-Brand Anchors Announced for Regional Shopping Center Development in Buckeye
Vestar, one of the leading privately held shopping center owners and managers in the United States, in partnership with DMB Associates, announced the notable line up of anchor tenants committed to Verrado Marketplace - marking a significant milestone in the project's progress. National retailers Target, Harkins BackLot, Safeway, Marshalls, Ross and HomeGoods will open their … [More]
Architectural Design of New Project Is Beacon of Innovation and Culture in Roosevelt Arts District
Architectural trailblazer, Lev Libeskind is redefining retail and residential spaces with his project, Manzana, which will elevate Phoenix’s Roosevelt Arts District. This project epitomizes architectural brilliance in an area celebrated for its cultural vibrancy. Spanning nearly 105,000 square-feet and rising 83 feet with eight stories, Manzana is a striking composition of 68 … [More]
IPA Closes and Finances $100M Apartment Building Sale in Tempe
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced the sale of , a 324-unit multifamily property in Tempe, Arizona. The asset traded for $100.25 million, or $309,414 per unit. IPA Capital Markets arranged $65.16 millionParc Broadway in acquisition financing. “Parc Broadway is the first mid-rise multifamily asset to be … [More]
Attainable Housing Co. Breaks Ground on New North Valley Community
The Boutique-Style Community is Positioned Near I-17 Employment Corridor and the New $40B TSMC Facility and Campus
Greenlight Communities, the trailblazing Scottsdale-based real-estate developer dedicated to constructing attainable workforce rental housing, marked a significant milestone with a special groundbreaking ceremony held recently for its 14th property located at 33455 N. North Valley Parkway in Phoenix. The community will be one of Greenlight’s smaller projects, offering a more … [More]
Abrazo Health Starts First Phase of Buckeye Campus
Abrazo Health announced today that will be breaking ground soon on the first phase of development for its new medical campus in Buckeye at I-10 and Verrado Way. The 27-acre campus will include medical offices, ambulatory services and an acute care hospital. The first phase will be a three-story, 60,000-square-foot medical office building. Tenants are slated to include … [More]
CRE Co. Expands in Scottsdale to Accommodate ‘Growth Spurt’
Diversified Partners, a real estate brokerage and development company, announces a significant expansion to accommodate its extensive project portfolio, marking a pivotal step in tandem with its upcoming relocation to a state-of-the-art headquarters in Scottsdale, Ariz. The company currently boasts an impressive portfolio of $400 million in active development projects across … [More]
Mark-Taylor Companies Unveils New Consulting Division with Expanded Services
Mark-Taylor Companies, a leading luxury multifamily developer, owner and manager in Arizona and Nevada, is proud to announce the official launch of Mark-Taylor Consulting (MTC), its third division of business. Initiated in 2021, MTC has now expanded into an official offering to provide consultation throughout the entirety of the asset life cycle, extending beyond traditional … [More]
Harvard Investments Promotes New President
Building enduring communities is the driving force behind Harvard Investments, which is forging a name in the Valley’s development community with key acquisitions and ground-up development. The real estate investment and development firm is now proud to announce the promotion of Tim Brislin to President. Brislin, a strategic leader and development industry expert for more … [More]
City North Residential Phase II Breaks Ground
Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, announced that it has broken ground on City North Residential Phase II. “We are excited for our partnership with SofMac Partners and Security Benefit Life Insurance Company on the second phase of the City North project,” said Billy Cundiff, Managing Director, … [More]
Greater Phoenix Posts Historic Level of Industrial Completions
New 12 million square feet elevate net absorption and vacancy rate
The Greater Phoenix industrial market posted its historically highest level of new industrial space completions during third quarter, adding 12 million square feet to the city’s inventory. This drove a rise in net absorption and also elevated the vacancy rate, according to a report released by Colliers in Arizona. The industrial market of Phoenix remains the strongest sector … [More]
Top-of-the-line Large-Scale Cold Storage Facility Opens in Phoenix
The grand opening of the highly anticipated state-of-the-art Ti Cold constructed Phoenix Cold Storage Facility, fully operated by Arcadia Cold Storage and Logistics, is here! Designed and built by Ti Cold (Melbourne, FL) the Phoenix facility is located in the city of El Mirage, between US Interstates 17 and 10 in the heart of the Southwest distribution market. The site will … [More]
T.W. Lewis Foundation Announces New Executive Director
T.W. Lewis Foundation recently hired Steve Smith, former Arizona Senator, to lead the organization as its new executive director. In this role, Smith manages grant distribution, non-profit assessments and activities to enhance the foundation’s overall core program areas. “Steve is an energetic and entrepreneurial leader with significant experience in the public sector and … [More]
Rising Temperatures in Phoenix Require Thoughtful and Sustainable Urban Design
Warming global temperatures have been one of the key drivers of climate change. As myriad odd weather patterns have developed over the past three to four decades, one of the most notable changes locally has been the shift of the monsoon weather patterns in late summer. A contributing factor has been the buildup of Metro Phoenix, creating the urban heat island, or ”heat dome,” … [More]
Demand for TI Work in CRE Heats Up amid Economic Uncertainty
Phoenix’s robust industrial market is propelling the region to the forefront of the industry, driving both increased construction of industrial spaces and a surge in tenant improvement (TI) projects. The rise in TI projects, which entail making modifications to an existing building in order to tailor it to fit the business’s unique needs, highlights the growing demand for … [More]
