New to Market Archives

SAXA and Caliber partner for North Scottsdale office building

Scottsdale-based developer, SAXA, Inc. and Caliber Companies is partnering to develop and build a new 40,000 square foot Class-A commercial office building in North Scottsdale, Arizona. The 2.5-acre site, located within Horseman’s Park on the northeast corner of the Loop 101 freeway and south of Bell Road on Bahia Drive, will be the first new… Read More →

Tiburon @ Chandler Airport breaks ground

DTZ has announced the ground breaking of Tiburon @ Chandler Airport. Tiburon Companies executives Michael Burton, Robert Burton and Dwayne Burton were joined by Mayor Jay Tibshraeny, Chandler City Council members Nora Ellen, Terry Roe and Jack Sellers along with their project team and other local leaders to celebrate the ground breaking of Tiburon @… Read More →

Wetta Ventures redevelops prime Camelback Corridor site

Wetta Ventures is redeveloping a prime piece of Camelback Corridor commercial space on the northwest corner of Camelback Road and 20th Street in Phoenix across from The Shops at Town & Country and Camelback Colonnade. Caldwell & Ober law firm currently occupies the 12,130 square foot, two-story building that will be redeveloped into retail and… Read More →

Irgens opens Portico Place II in Chandler

_46A0392-Edit-Edit

Irgens officially opened Portico Place II, a 48,173 sf, two-story, Class A multi-tenant office building located at 2195 West Chandler Boulevard in Chandler, Arizona. Designed and developed to meet the growing demand for contemporary office space in the Southeast Valley, Portico Place II is the first speculative, multi-tenant office building of similar size developed in… Read More →

Crown on 7th adds eateries and retail

Crown on 7th 3

The former Crown Imports building on 7th St., between Missouri and Bethany Home in Central Phoenix, is getting a major facelift. Dan Noma, Jr., principal of Venture REI, has joined real estate development veterans Buzz Gosnell and Niels Kreipke in investing $6 million to redevelop the mixed-use project. The project will be renamed Crown on 7th and… Read More →

HSL acquires 44 Monroe in downtown Phoenix

Multi-Family Market - AZRE Magazine July/August 2011

HSL 44 Monroe, LLC, purchased a $50.65 million controlling interest in 44 Monroe, Arizona’s tallest luxury residential tower. Located at 44 Monroe on the northeast corner of 1st Avenue and E. Monroe Street, the property is located in the heart of the downtown Phoenix financial district. HSL purchased 184 condominium units in the 198-unit tower.… Read More →

Phoenix office market gains momentum

The Esplanade

Source: Lee & Associates Q1 Report As the overall economy continues improving, the Phoenix office sector is experiencing strong momentum in a variety of different measurements. Office construction, sales velocity and rents are all on the rise; however leasing activity remains muted. The Valley is flooded with tenants in the market touring buildings and assessing… Read More →

Phoenix industrial markets continue to break ground

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Source: Lee & Associates Q1 Report The Phoenix industrial market continued to improve in the first quarter of the year, posting its lowest percentage vacancy (11.8%) since Q1 2008. In that 7-year time period, the Valley’s industrial inventory gained over 32 million SF of warehouse/distribution, manufacturing and flex space. The most recent seven quarters have… Read More →

Project News March/April 2015

West-MEC Southwest Campus in Buckeye

LEARNING CURVE In February, McCarthy Building Companies broke ground on the $50M West-MEC Southwest Campus in Buckeye. The campus is expected to serve 650 students in programs ranging from secondary to post-secondary and industry training. This project is one of four for the career and technical public school district funded by a $74.9M voter approved… Read More →

Coolest incubators in Metro Phoenix

Luhrs Int 2

Incubators are spaces outfitted with support staff, equipment and made available at low rent to new, small businesses. From trendy digs to attractive benefits, here are the best places to put all your eggs in a basket. BioAccel Location: 2702 N. 3rd St., #3001, Phoenix Dictum: “We help Arizona reach its potential by helping Arizona’s entrepreneurs reach… Read More →

ICSC: Surfing the Omni-channel

Downtown Phoenix Shopping

When web-based shopping gained popularity over the last two decades, spearheaded by the likes of Amazon and major retailers’ internet storefronts, the imminent demise of brick-and-mortar establishments seemed likely. War was declared between bricks and clicks. The win-lose conversations are fading into the background as researchers suggest a more symbiotic relationship between the two. Stores… Read More →

Lo-Lo’s Chicken & Waffles opens at Heritage Marketplace

Lo-Lo's Chicken & Waffles 094_HDR_small

LGE Design Build has completed construction of Lo-Lo’s Chicken & Waffles at Heritage Marketplace, a family friendly, pedestrian-oriented, mixed-use development in downtown Gilbert. Lo-Lo’s Chicken & Waffles, 366 N. Gilbert Road, is now open. The 4,300-square-foot restaurant offers a full bar with several large television screens and outdoor seating that draws energy from the street.  … Read More →

LGE Design to break ground on the $4.5M ACES school

The ACES, web

LGE Design Build will break ground on the $4.5 million Phoenix West Campus of The Austin Centers for Exceptional Students (The ACES) at 9:30 a.m. on April 17. The ACES, a state approved school, is the largest private provider of special education in Arizona partnering with 65 district and charter schools. Phoenix Vice Mayor Daniel… Read More →

Structures and architects honored at 2014 AIA Arizona gala

Amangiri Resort

The American Institute of Architects Arizona Design Awards recognize excellence in design, planning and construction of projects located anywhere in the world that are designed by AIA Arizona architects registered and licensed in Arizona. The awards honor the highest standards of design in response to user requirements, site, context, climate and environment. Each entry, regardless… Read More →