Construction Archives

Sossaman Development plans to build retail project in Mesa

Shops-at-Costco-SperryVanNess, WEB

Trenton McCullough and Shari A. Tucker-Gasser, Retail Investment Advisors in the Phoenix Sperry Van Ness office, represented the buyer, Sossaman Development LLC, in the $2,200,000 purchase of 4.95 acres of commercial land zoned LC, formerly known as C-2, in the City of Mesa. Located just north of Costco on the hard corner of Sossaman Road… Read More →

Culinary Dropout concept comes to Tempe this fall

Courtesy of Fox Concept Restaurants

Fox Restaurant Concepts (FRC) and development partner, Brian Frakes, plan to open the first East Valley Culinary Dropout location in October 2014 on First Avenue and Farmer Avenue in Tempe, Ariz. Known for their innovative restaurant concepts, FRC is planning their largest project to date with this Culinary Dropout location at Farmer Arts District at… Read More →

Cresa executes disposition and new lease for 3M Company

Tenant representation firm Cresa announced that it had executed the disposition of a 270,890 SF building and 42 acres of land for $31.91 million in Ontario, Calif., for 3M Company. As part of the transaction, Cresa Phoenix negotiated a 10-year lease on a 454,877 SF distribution facility to be constructed on a vacant parcel nearby.… Read More →

NAIOP: Commercial real estate strongest since economic recovery

Commercial Real Estate Market - AZRE Magazine March/April 2011

The commercial real estate development industry grew at the strongest pace since the economic recovery began in 2011, according to an annual report on the state of the industry released today by the NAIOP Research Foundation.  The report, entitled “The Economic Impacts of Commercial Real Estate,” determined that the economic impact realized by the development… Read More →

NAIOP Arizona urges FAA to retract proposed OEI procedures

The Maricopa County Court Tower in Downtown Phoenix exceeds the OEI criteria by more than 25 feet.

The Arizona Chapter of NAIOP has urged the Federal Aviation Administration to retract the proposed One Engine Inoperative (OEI) Procedures in the Obstruction Evaluation Studies published in the Federal Register on April 28. “While  NAIOP-AZ fully supports the FAA’s role to oversee aviation safety, we oppose this proposed OEI policy, note that it does not… Read More →

Isagenix International comes to Rivulon development

Isagenix Entryway Rendering

Columbus-based Nationwide Realty Investors announced today that it has signed a lease with Arizona based health and wellness leader Isagenix International, LLC to occupy a 3-story single-tenant building at its master-planned Rivulon development in Gilbert, Ariz. Also completed is a land swap agreement with LA Fitness. Nationwide Realty Investors President and COO Brian J. Ellis… Read More →

McCarthy awarded Verrado Heritage K-8 school project

Victory at Verrado

McCarthy Building Companies was recently awarded a preconstruction services contract by the Litchfield Elementary School District (LESD) for the estimated $12 million Verrado Heritage Elementary School, located just west of Verrado Way and north of Thomas Road in Buckeye, Ariz. McCarthy will begin work on the new 80,500-square-foot K-8 school in August. The school will include… Read More →

Green Street Communities hires two specialists for Phoenix, Arcadia projects

David Brantner
July 15, 2014 by in AZRE Magazine | Blogs | Construction | Newsmakers

Derek Jarr, CEO of Green Street Communities, INC. (GSC) announced the recent hires of David Brantner as Construction Operations Manager and Larry Gamso as Construction and Land Development Specialist. Both individuals join a dedicated team of designers, contractors, architects and sales associates working to provide timeless and high-quality residential development projects. “Green Street Communities is… Read More →

Jeff Hooper named ABA’s director of apprenticeship and training

Jeff Hooper, ABA
July 15, 2014 by in AZRE Magazine | Construction | Newsmakers

Jeff Hooper has been appointed the director of apprenticeship and training for the Arizona Builders’ Alliance, according to ABA Executive Director Mark Minter. Hooper will oversee the day-to-day operations of the ABA, AGC Education Fund and its programs in Phoenix, Tucson and Casa Grande. Hooper comes to the ABA from Seattle Wash., by way of… Read More →

Ground breaks on second building at Liberty Center at Rio Salado

Liberty Center at Rio Salado, a Class A LEED Silver office development in Tempe.

Liberty Property Trust will break ground this week on its second building at its new park, Liberty Center at Rio Salado in Tempe. Located at 1910 W. Rio Salado Parkway, Building Two will be a two-story, 156,030 square foot Class A office building. The project is designed to achieve LEED® Silver certification and the total… Read More →

Cassidy Turley releases Q2 ‘Market Snapshots’

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Cassidy Turley has released its Q2 market snapshots for Phoenix. The brokerage firm reported the following market trends: “The metro Phoenix economy continues to post positive gains, adding 24,000 net new jobs year-over-year through the second quarter 2014 with a total employment base of 1,830,000 jobs. Moody’s recently raised its employment forecast for year end… Read More →

Danny’s Family Car Wash in Scottsdale sells for $2M per acre

Danny's Family Car Wash 1

ORION Investment Real Estate is pleased to announce the successful ground lease sale of the Danny’s Family Car Wash located at 15515 N. Scottsdale Rd. in Scottsdale, Ariz., for $6.5M to Pacific Scottsdale, LLC. The seller was Scottsdale Place, LLC. The car wash, detailing center, gas facilities and 2 convenience stores, totaling approximately 17,700 square… Read More →

Why more companies are coming to the Valley

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When it comes to recruiting new companies to relocate, expand or begin operations in Arizona, it’s all about “getting in the game and the closing the deal.” That was the message delivered at Valley Partnership’s June breakfast before a robust audience at the Phoenix Country Club. Christine Mackay, Economic Development Director for the City of… Read More →

New to Market: Broadstone Lincoln

Broadstone Lincoln pool, WEB

Broadstone Lincoln Developer: Alliance Residential Company General Contractor: Alliance Residential Builders Architect: ORB Architecture Location: 7100 E. Lincoln Dr., Scottsdale, Ariz. Size: 219,000 SF (net rentable area) Value: $50M Start and completion dates: Started third quarter 2012. Completed second quarter 2014. Project Description: Broadstone Lincoln is a 264-unit community that sits on 5.31 acres of… Read More →