The commercial real estate industry is gaining momentum. Looking back, 2012 was a strong year with the completion of various major projects and the ground breaking of a few others. Moving forward into 2013, here are 40 companies to watch:
Adolfson & Peterson
Fast-tracked four charter schools and started another multi-family project in Gilbert. Some of the projects completed and started in 2012 include: Paideia Academy of South Phoenix, Odyssey Institute for Advanced Studies, and Scottsdale Unified School District — Yavapai Elementary Addition.
Alliance Residential Company
Alliance, an ownership, development, and management company, is headquartered in Phoenix and has 17 regional offices. It has three Broadstone projects in the works: Waterfront, Lincoln and Camelback.
The Alter Group
This national commercial real estate firm has plans to break ground on 605,000 SF spec warehouse at Buckeye Logistics Center.
One of the largest nonprofit hospital systems in the nation, Banner is building its new health clinics around the Valley and expanding Banner Estrella Medical Center Tower II, which will provide enough additional capacity to meet patient care demand. Completion of this project is expected to be 2015.
Beal | Derkenne
This full service commercial general contracting firm, founded in 2010, has established a presence in Phoenix. Services include general contracting, construction design management, pre-construction management, consulting, construction management, owner representation and cost management. Current Arizona projects include the The Hub on ASU’s Tempe campus and Park Avenue in Tucson.
The Phoenix office of Bernards will oversee grading of the first 11 neighborhoods in the 2,400-acre, multi-phase development of Eastmark at the former General Motors Proving Grounds.
This service oriented construction group has work in commercial, medical, remodeling, residential and interiors.
Through October of 2012, Cassidy Turley Arizona completed 876 transactions. They include: Scottsdale Horizon, 154,766 SF retail, $38M sale; Steele Park Apartments, 366,201 SF multi-family, $34.35M sale; Paradise Valley Corporate Center, 198,472 SF office, $26.98M sale; and The Boulevard at Surprise Point, 141,507 SF retail, $17.5M sale.
Closed the deal on the $137M Fountainhead Office Plaza in Tempe. Five property managers won 2012 BOMA TOBY Awards.
Chasse Building Team
This general contractor is working on the ICAN neighborhood building for youth in Chandler.
Colliers, a full service commercial real estate firm that specializes in the sale and lease of retail, office, investments, land, and multi-family, won two 2012 Big Deals awards. Bob Mulhern won for Managing Director/President or Principal; Cindy Cooke won for Multi-Family Investments.
CORE recently completed ASU’s Polytechnic student housing, built Phase I of CAC Maricopa Campus and also completed the Integrated Education Building and the Incubator at Gateway Community College. Upcoming projects include Central Arizona College Maricopa Campus and Higley USD Middle Schools.
Commercial real estate firm CPI was established in 1981 and provides landlord and tenant leasing, sales and investment, and property management services. Its listings include 55.5 MSF and more than 100 projects under property management.
Cushman & Wakefield
It was a solid year for Larry Downey, Bo Mills, Mark Detmer and Chris Toci of real estate services firm Cushman & Wakefield. The the company’s highlight was negotiating the lease of the 1.267 MSF Fowler Destruction Center for Amazon.
This Arizona-based, diversified real estate company got a major development — Eastmark — off the ground in Mesa. It is also a member of Local First Arizona, supporting and sharing its commitment to build vibrant communities.
Douglas Allred Company
This San Diego-based company currently is developing two office buildings in Arizona. Allred Park Place in Chandler will be occupied by software firm Infusionsoft, which is relocating from Gilbert.
This national commercial contractor and construction manager completed work on University of Arizona Health Sciences Education Building. DPR is currently working on the W.P. Carey School of Business McCord Hall and Vanguard Health System West Valley Medical Center.
Current design projects in progress and continuing through 2013 include ASU Block 12 Mixed-Use Building, which was designed along with Architekton; City of Maricopa City Hall and Police Facility; City of Casa Grande Dispatch Center and Library Improvements; Apollo Group /University of Phoenix, multiple renovations and tenant improvements; and several renovation projects including those at Fennemore Craig, Snell & Wilmer and Lewis & Roca.
Gilbane has completed more than $400M of construction management projects in Arizona, including the Maricopa County Downtown Court Tower, ASU’s Interdisciplinary Science and Technology Building, City of Phoenix Crime Laboratory, Arizona State Health Laboratory, John C. Lincoln Healthcare renovations and the Polly Rosenbaum State Archives Building.
Currently building Roosevelt Point, a $52M, 2-building upscale apartment project in Downtown Phoenix and San Tan Village Apartments in Gilbert. In 2012, it worked on Arizona School for the Arts Phase 4, Rancho Solano Ventura Campus, ASU Villas at Vista del Sol Student Housing, ASU West Dining Facility and City of Phoenix Mayor’s Art Gallery at City Hall. Projects for 2013 include the City of Phoenix Southwest Center for HIV/AIDS, Rancho Solano Ventura Campus Student Center, and the Phoenix Collegiate Academy.
Hensel Phelps Construction Co. has been doing business in Arizona since 1978. It is working on the PHX Sky Train and developing EnviroMission’s Solar Tower.
Hunt Construction Group
Hunt is building two of the state’s major projects: Twin Arrows Casino near Flagstaff; and the Chicago Cubs new spring training facility in Mesa. It also is working on the cancer center at the Mayo Clinic Phoenix campus.
The year in review for Irgens: Shea Medical Plaza Acquisition, in September closed on this 45,000 SF medical office building in Scottsdale. Looking ahead to 2013, Irgens has teamed with CBRE to complete Phase II of a development at Estrella.
Building a state-of-the-art data center for Cyrus One at Continuum in Chandler. J.E. Dunn has completed more than 20 Arizona healthcare projects including Oasis Hospital, Mountain Vista and West Valley Medical Centers. It is currently building the 200,000 SF Tucson Medical Center West Campus. Recently completed projects include UMB Bank’s first full service banking center in Arizona and Sun Edison Saddle Mountain, a 15 mW solar field.
Kovach had a tough act to follow after completing work at Banner MD Anderson Cancer Center in Gilbert, but it followed up nicely with copper work at the HSEB in Downtown Phoenix. Other 2012 projects included the completion of Gateway Community College Integrated Education Building Phase II and PHX SkyTrain’s 44th Street Station. Entering 2013, work includes the Maricopa County Sheriff’s Office Headquarters Building Enclosure, Manzanita Hall Enclosure, Banner Estrella Medical Center, ASU Downtown Recreation & Wellness Center, and ASU Tempe Student Recreation Center.
Lee & Associates
Sales included the $125.4M Tucson Spectrum Shopping Center, Jan Fincham and Patrick Dempsey, principals. Top industrial leases included 238,450 SF, Communication Test Design; and 115,900 SF, System Services of America.
Mark-Taylor took advantage of a robust multi-family market and is developing three projects: San Marquis, Parcland Crossing and San Norterra.
McCarthy Building Companies
McCarthy continued a hot streak of K-12 education projects in Arizona. It also completed the 17 mW APS Cotton Center Solar Station in Gila Bend, and built Chandler’s 30th elementary school.
After building Salt River Fields at Talking Stick, Mortenson scores in 2013 with the University of Arizona Stadium north end zone project and a major renovation of the spring training baseball Peoria Sports Complex.
Nathan & Associates
Nathan & Associates successfully closed escrow on more than 1,323 lots with 10 different builders in a project known as The Bridges in the Southeast Valley. Total sales volume is in excess of $37M. In the Northwest Valley, it brokered ±500 finished lots to six builders in Vistancia.
Major work for this Salt Lake City-based general contractor in 2013 includes the Cancer Treatment Centers of America in Goodyear and new Mormon temple in Gilbert.
ORION Real Estate Services
Orion Real Estate Services continues to grow. Its most significant deal included Arrowhead Health Center, a 103,216 SF medical office building for $19.86M, the largest single asset medical office transaction of 2012 in Metro Phoenix. Other deals: CityScape at Lakeshore, a 214-unit multi-family complex in Tempe, $22.65M; and Pala Mesa, 256 units in Mesa, $22.6M.
P.B. Bell Companies
P.B. Bell currently is developing multi-family projects in Gilbert, North Scottsdale and two in Chandler. Stonefield will be a luxury apartment community in Chandler that will feature 194 units. The estimated time when units will be available for leasing is November 2013.
Building Dick’s Sporting Goods distribution center in Goodyear. This $28.6M, 600,000 SF industrial project is a design-build for Merit Partners. Another project is the SAS Injection Molding Facility in Goodyear. It is a $5M, 150,000 SF tenant improvement of a facility that produces totes for warehouse grocery stores.
Ryan Companies US, Inc.
Finished construction on the 210,000 SF Phoenix FBI building and announced plans to build Hayden Ferry Lakeside Phase III. Ryan is celebrating its 75th anniversary this year.
Designed the CAC Maricopa Campus, Banner Health Verrado, Ironwood Cancer and Treatment Center and the VA Campus Mental Health Building.
This Arizona-based general contractor completed several high-profile projects including UA’s Health Sciences Eduction Building and ASU’s Interdisciplinary Science and Technology Building 4. Sundt also is building the ASU Downtown Recreational Center and Phoenix-Mesa Gateway Airport Terminal expansion. Sundt started work on the Pima County/City of Tucson Courts Complex and Val Vista Water Treatment Plant. In 2013, projects include the Cordes Junction traffic interchange Improvements and the John M. Roll United States Courthouse in Yuma.
The Weitz Company
With expertise in retail, hospitality, senior living, golf and clubhouse, tenant improvement, and office construction, Weitz celebrates 35 years in Arizona. One of its major projects is PHX Sky Train.
With more than 110 commercial banking offices nationwide, Wells Fargo’s customers are businesses with annual revenues between $10M and $500M, including manufacturers, wholesalers, retailers, distributors, importers, and service companies.
This real estate company owns and operates community centered properties, which are visibly located and serve a 5-mile radius in culturally diverse neighborhoods..