Blogs Archives

BOMA Greater Phoenix executive director resigns

Sarah Osteen has resigned as the executive director of the Building Owners and Managers Association (BOMA) Greater Phoenix. Osteen took over as executive director last spring after the unexpected passing of her predecessor Mark Covington in December 2015. As executive director, Osteen is credited with helping inspire and empower board members, committee members and local… Read More →

Medical marijuana operators Harvest, Modern Flower merge

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Harvest, a national medical marijuana operator based in Arizona, has merged with Modern Flower, a local marijuana cultivator and leading wholesale cannabis supplier. The merger allows Harvest to become the largest medical marijuana operator in Arizona, with more dispensary licenses and cultivation facilities than any other medical marijuana operator in the state. “Since we opened… Read More →

SRS sells high-profile Phoenix infill development site


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SRS announced the recent sale of 2.11 acres north of the northeast corner of Thomas Road and SR-51 in Phoenix to PEG Development for the planned construction of a Staybridge Suites hotel.  This infill location is centrally located between downtown and midtown Phoenix, the Biltmore District, and Phoenix Sky Harbor Airport and is in close proximity… Read More →

Study: Valley needs 150,302 new apartments by 2030 to meet demand

Phoenix rents multifamily
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An aging population, international immigration and fewer home purchases are resulting in an increased need for new apartments. The Phoenix metro area is expected to need 150,302 new apartments by 2030 to keep up with local demand, according to a new study commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association… Read More →

Tempe industrial park sold for $19.1M

Cushman & Wakefield completed the sale of Kachina Industrial Park, located at 1805-1850 W. Drake Drive in Tempe on behalf of Northern California-based Kieckhefer Properties. Libitzky Holdings LP of Emeryville, Calif. purchased the property for $19.1 million. Bob Buckley, Tracy Cartledge, Steve Lindley and Ben Geelan of Cushman & Wakefield represented the seller. Kachina Industrial… Read More →

Charter school zoning in Arizona: A tool for economic development

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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 →

How do autonomous vehicles in logistics impact real estate?

By now we’ve all heard the buzz about autonomous vehicles. Companies like Amazon, Mercedes-Benz and Uber are heavily investing in this technology and many have begun open road testing. The arrival of these vehicles is imminent and fast approaching. In a report published by Edmonds last month, by the year 2030, 95 percent of U.S. car… Read More →

Fenix Development breaks ground on Tempe project

Fenix Development, a Los Angeles-based real estate investment and development company, has broken ground on Phase I of The Watermark | Tempe at the north bank of Tempe Town Lake. Phase I, of the 1.9 million-square-foot mixed-use development, will include 250,000 square feet of premium Class A office space, 44,000 SF of high-end restaurant and boutique retail service… Read More →

Valley Partnership’s 2017 legislative wins

This year’s Legislative session lasted 122 days and of the 1,079 bills originally posted, 353 were passed. Of the 353 bills passed, 342 were signed into law and 11 were vetoed by Gov. Doug Ducey. Cheryl Lombard, president and CEO of Valley Partnership, an advocacy group for responsible development, describes the session as good from… Read More →

Henkel seeking buyer for iconic Scottsdale headquarters

The prestigious North Scottsdale office market — home to several of Arizona’s largest and most notable employers, including HonorHealth, Vanguard, Fender and Quicken Loans — now boasts one of the most desirable investment/occupier opportunities in the country with the Henkel headquarters now on the market. German-based consumer products global leader, Henkel, is seeking a buyer… Read More →

Downtown Phoenix building wins architecture award for top copper project

In 2007, Arizona was the top copper-producing state the nation, which was a pillar of the state’s early economy along with cattle, cotton, citrus and climate. Since then, Arizona’s diversifying economy has overshadowed the “Five C’s,” but copper’s influence can still be seen through project’s like the Biomedical Sciences Partnership Building at the University of… Read More →

Fann Contracting wins big at Arizona Transportation Partnering Excellence Awards

The Partnering Excellence Awards competition, which began in 2005, is designed to recognize partnership teams that demonstrate a high degree of achievement through their practice of partnering principles and their application of the partnering processes related to the transportation industry. At the 2016 Arizona Transportation Partnering Excellence Awards, presented at the ACEC Arizona Conference in Tucson, Fann… Read More →

Wayne Einbinder named leader of Kitchell Arizona

Phoenix Children's Hospital, Kitchell
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Construction industry veteran Wayne Einbinder has been named Arizona Regional Executive for Kitchell Contractors, marking a return to the company that sparked his longtime career in the building industry. “Wayne has a great resumé in markets where we want to grow, including higher education, hospitality and Native American,” said Kitchell Contractors President Steve Whitworth. “His… Read More →