New to Market Archives

West-MEC Southwest Campus to break ground Feb. 6

WASH FINAL, Mest Mex, McCarthy, WEB

McCarthy Building Companies recently began a $50 million new construction project, including site plan and infrastructure layout, for Western Maricopa Education Center (West-MEC) in conjunction with architect DLR Group. The West-MEC Southwest Campus project, which will be located at I-10 and Verrado Way in Buckeye, Ariz., will eventually serve 650 students in 12 to 14 different programs (including… Read More →

AZRE announces 2015 RED Awards finalists

RED-Awards-Logo10

Every February for the last 10 years, AZRE magazine has shone a spotlight on the commercial real estate industry through its annual Real Estate Development (RED) Awards. This year, a record number of projects and brokerage teams were nominated for a chance to be recognized at this year’s RED Awards. After lively debate and a… Read More →

Groundbreaking marks start of Waypoint office campus

ATS at Waypoint, LPC, WEB

Officials from Harvard Investments, Lincoln Property Company (LPC), the City of Mesa and anchor tenant American Traffic Solutions (ATS) were on hand yesterday for the groundbreaking of Waypoint, a two-building, 258-square-foot Class A office campus in Mesa, Ariz., that is nearly 50 percent pre-leased to ATS. ATS, a leader in road safety and toll management,… Read More →

Arizona drywall contractor expands into Nevada

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Paul Johnson Drywall Inc. (PJD), Arizona’s largest drywall contractor, announced its expansion into Nevada in response to the growing demands of the Las Vegas market’s single-family and multifamily construction industry. With its first expansion outside of Arizona, PJD will be working with long-time customers Pulte Homes, Ryland Homes and other well-respected single-family and multifamily builders… Read More →

Wingstop spreads its wings in Yuma

January 21, 2015 by in AZRE Magazine | Construction | New to Market

Wingstop has landed in Yuma, AZ.  The award-winning wing concept, with more than 710 locations around the globe, recently opened at 290 West 32nd Street, operated under the ownership of Michael Nelson. “We are thrilled to join the Yuma community and introduce local wing fans to Wingstop’s distinct, bold flavors,” commented Michael Nelson, Brand Partner. “As The… Read More →

Fairview Medical Center breaks ground near Chandler Regional

Fairview Medical Plaza, Courtesy of Cawley Architects and LGE Design Build

LGE Design Build has started construction on Fairview Medical Center, a 20,250-square-foot medical office building, near the Chandler Regional Medical Center and Loop 202. Brain & Spine Center and Desert Kidney Associates will be the first tenants to open offices in the Fairview Medical Center, 2201 W. Fairview, next summer. “LGE Design Build is seeing… Read More →

New office breaks ground at Cambridge Watermark

Cambridge Watermark, Courtesy of Cawley Architects and LGE Design Build

LGE Design Build has started construction on a 12,939-square-foot, two-story office building at the Cambridge Watermark office plaza in Chandler to respond to growing demand for office properties. Eric Pyles, who owns a nearby 34,000-square-foot office building, has hired LGE Design Build to construct a companion office building located at 2450 S. Gilbert Road to… Read More →

Westgate is getting a Dave & Buster’s this fall

Fountain Park at Westgate

Dave & Buster’s, an arcade, bar and event venue for adults, will open at Westgate Entertainment District in Glendale this fall. Westgate’s owner, iStar Financial, will begin construction on a new, 41,000-square-foot building located to the west of AMC Theatres that will expand the existing entertainment district. Dave & Buster’s will join AMC as an… Read More →

Cushman & Wakefield negotiates $2M sale

Fate Brewing  Rendering

Cushman & Wakefield of Arizona’s Retail Services Division negotiated the $2 million sale of 1312 N. Scottsdale Rd., which will be the new home of Fate Brewing Company. Brian Kocour and Courtney Auther Van Loo of Cushman & Wakefield represented the seller, SBI Leasing Inc. of Scottsdale. Scottsdale-based real estate investor Tom Frenkel was the… Read More →

CBRE closes more than $6.4M in transactions

The Brittany
January 8, 2015 by in AZRE Magazine | Multi-Family | Real Estate

CBRE has negotiated the following multi-family sales transaction(s): Asset Preservation, Inc. from Los Angeles, California has purchased Desert Green Apartments, a 16-unit multi-family property located at 16243-16401 North 31st Street in Phoenix, Ariz., from Dramms, LLC of Poway, California. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both the buyer and the seller… Read More →

ULI brings urban planning to Phoenix high schoolers

Jim Belfiore still gets goosebumps when he describes ULI Arizona's UrbanPlan to his peers.

Jim Belfiore, CEO and President of Belfiore Real Estate Consulting, has spent nearly a decade volunteering to help high school students enrolled in economics classes understand the nuances of urban planning and development. In schools where UrbanPlan has been offered, enrollment in the class has “skyrocketed,” he says. Of ULI’s 52 district councils, 15 have… Read More →

Phoenix’s awkward, exciting urban evolution

A rendering of Margaret T. Hance Park
December 26, 2014 by in AZRE Magazine | Construction | Public

Have you ever reflected upon your adolescent years and recalled how dynamic and confusing life and the world could be? For many, it was a challenging time with a mix of emotions and experiences as they learned to balance the social, emotional and physical changes endured as they evolved from children into adults. Life was… Read More →

San Travesia apartments open near SkySong

Mark Boisclair Photography, Inc.

At the center of the McDowell corridor revitalization is the newest high-end rental community in south Scottsdale, San Travesia. San Travesia – adapted from the Spanish word “Travesia” meaning “crossroads” – offers all the advantages of Mark-Taylor’s “Next Generation” living in the largest low-density luxury apartment community in the area. “We’re so proud of this… Read More →

Manufacturing facility begins conversion into Millennial-focused office space

Courtesy of Gensler

Construction and conversion has begun for The Circuit Tempe, a 190KSF high density class-A office project at 615 S. River Dr. Formerly an industrial manufacturing facility for Jabil Circuit, the sizable building has been dramatically re-designed to serve as the Valley’s first speculative large-scale, millennial focused office property.  Situated on the Loop 101 and University… Read More →