Site Selection Archives

Maracay Homes buys former Vistal Golf Club for new community

Vistal Golf Club

Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), purchased 204 homesites in the trending South Mountain submarket of Phoenix, Arizona. The $10.5 million purchase represents the first phase of a Maracay Homes master-planned development that will feature approximately 650 homes on the site of the former Vistal Golf Club. Ryan Duncan… Read More →

Check it out: Integrate’s new Downtown Phoenix, penthouse-level HQ

Integrate offices

The 19th floor “penthouse level” of 111 W. Monroe St. in Downtown Phoenix is ready to welcome its new, high-tech tenant – courtesy of a seven-month, creative office build-out just completed this week by the Phoenix office of JLL. The new tenant is Integrate, a locally based, rapidly growing cloud marketing software and service provider. JLL Executive… Read More →

Charter school zoning in Arizona: A tool for economic development

best high schools

Not all states are as friendly to charter schools as Arizona. But as charter schools continue to set up shop in Arizona, they get to avoid challenges related to zoning, an ability that can be quite useful in infill locations. The symbiotic interplay of rooftops and charter schools — aided by charter schools’ zoning treatment… Read More →

How to MacGyver your infill projects through the city

Adam Baugh, a zoning and land use attorney at Withey Morris, PLC, and pioneer of infill restaurant projects across the Valley, says these projects require “a lot of MacGyvering to get them through the city.” When it came to repurposing and adapting older buildings like an old motorcycle/car dealership into a restaurant like The Yard,… Read More →

300,000 SF built-to-suit lease announced for 52-acre Tempe development

Tempe development at Rio2100
by in AZRE Magazine | Site Selection

Rio2100, a 52-acre mixed-use development under construction at the intersection of Loop 202 and Loop 101 in Tempe, Ariz., has the announced execution of a 300,000-square-foot build-to-suit lease with Freedom Financial Network. Bryan Taute and Charlie von Arentschildt with CBRE’s Phoenix office negotiated the lease on behalf of the landlord, The Boyer Company. Freedom Financial… Read More →

Land in Glendale and Scottsdale sell for $6.2M

Scottsdale
by in AZRE Magazine | Brokerage | Site Selection

A land parcel in Scottsdale and a second land parcel in Glendale were sold in two separate transactions, which were both negotiated by Lee & Associates. The Glendale land site will be used for an expansion of the Coca Cola bottling plant in the Glendale airport. The 8-acre Glendale land parcel is at the southeast corner… Read More →

11.08 acres purchased in North Scottsdale for $4.35M

by in AZRE Magazine | Site Selection

The self-storage division of the Wentworth Property Company purchased 11.08 acres in North Scottsdale, according to a recent announcement. The land is east of the Loop 101 Freeway near Bell Road and 91st Street and will be the site of an upcoming 120,000-square-foot self-storage facility, called Pima 101. The Arizona developer and its development partner, Crow… Read More →

Maracay Homes buys 31.89 acres in Gilbert

sold
by in AZRE Magazine | Site Selection

Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), closed on a $4.26 million purchase of 63 lots in Gilbert’s fast-growing southern region. Jeremy Lovejoy and Brian Stillman of Insight Land and Investments brokered the transaction between Maracay and the seller, Hari C. Puri. Maracay plans to develop the 31.89 acre… Read More →

Vacant Mesa land site sells for $250k

Mesa
by in AZRE Magazine | Site Selection

A vacant land parcel near Baseline and Sossaman Roads in Mesa was sold to Goldfield Medical Clinics LLC by Fox Family Business LLC, according to the brokers on the deal. ORION Investment Real Estate Senior Vice President Nick Miner represented both the seller, Fox Family Business, and the buyer, Goldfield Medical Clinics, in the $250,000… Read More →

206 acres in Buckeye sell for $18M

Buckeye
by in AZRE Magazine | Site Selection

Scottsdale-based MPC Development LLC purchased 802 partially improved lots in Buckeye for $18,000,000, according to Land Advisors Organization, the listing brokerage firm on the deal. Tempe-based Lennar Communities Development Inc. sold the land, which is located within the Blue Horizon Estates community at the southwest corner of Jackrabbit Trail and Van Buren Street in Buckeye. The… Read More →

2.38 acres in Ahwatukee sell for $1.8M

Ahwatukee land
by in AZRE Magazine | Site Selection

A 2.38-acre parcel of land in Ahwatukee was sold for $1.8 million for the construction of a self-storage facility at Desert Foothills Parkway and Marketplace Way, according to NAI Horizon, which worked on the deal. NAI Horizon Senior Vice President Denise Nunez represented the land seller, Scottsdale-based 1784 Capital Holdings LLC in the deal. Scottsdale-based Moncap… Read More →

1784 Capital Holdings starts construction on Tucson self-storage facility

1784 Capital Holdings
by in AZRE Magazine | Site Selection

Scottsdale-based 1784 Capital Holdings LLC acquired 2.81 acres at 121 W. Orange Grove in Tucson. The company has begun construction of a two-level, freestanding self-storage facility on the property. The 2.81 acres were acquired as two vacant lots. 1784 Capital Holdings LLC purchased the properties from Arizona-based Orange Grove/Oracle LLC and 4-D Properties, LLP. Denise… Read More →

60 acres near South Mountain purchased

by in AZRE Magazine | Site Selection

An Investment firm, Virtua Partners, acquired 60 acres near South Mountain at the northwest corner of 35th Avenue and Carver Road with plans to revise existing entitlement on the land for single-family residential housing. After Virtua Partners revises the entitlements on the land, it plans to sell the property to a home builder. The land… Read More →

How Casa Grande secured the Lucid Motors manufacturing facility

Lucid Motors

Arizona beat out 12 other states competing for the location of a proposed $700 million electric car manufacturing plant. In late November, Gov. Doug Ducey announced that Lucid Motors, a Silicon Valley luxury electric car startup, plans to build its manufacturing center on 500-acres in Casa Grande next year. Lucid Motors, formally Atieva, narrowed down… Read More →