Site Selection Archives

Valley Partnership Reviews Sites for 2014 Community Project

The Valley Partnership Community Project Committee toured nonprofits Arizona Foundation for the Handicapped, Boys Hope Girls Hope and Valley Life.

Inspiring and heart-rending. Those two words stuck in my mind all day as the Valley Partnership Community Project Committee toured the sites recently and met with officials of the three finalists for the 2014 event. All three nonprofit organizations opened up their worlds to us and gave us an opportunity to learn more about them… Read More →

First Solar Sale Earns ‘National Deal of the Year’ Award

First Solar, WEB

The $113.6M sale of First Solar’s Mesa manufacturing facility to Apple, brokered by Cushman & Wakefield of Arizona, Inc., has been named 2013 Economic Development Deal of the Year by Business Facilities magazine. “Our Deal of the Year Gold Award winner is a game-changer for Apple and Arizona,” said Business Facilities Editor in Chief Jack… Read More →

Economic development groups are bullish on Arizona

Money Tree, WEB

They are our sales representatives, those intrepid souls knocking on doors in California, China, Germany and New York. They are the smiling faces standing behind CEOs, mayors and the governor when a new business arrival is announced. They are the economic development organizations of Arizona. It’s an alphabet soup of agencies, but they are working… Read More →

Making It New Again: Adaptive Re-use Trend Re-Energizes Community

Old School O7, on the corner of 7th Street and Osborn Road, was a $2M adapative re-use and urban in-fill project by RSP Architects, Wetta Ventures and Chasse Building Tream. Phase I, which was completed 4Q 2013, includes the 1,700 SF Starbucks. Photo by James Neal

A  church turned into a Taco Guild. An old automotive dealership and service station turned into a restaurant complex. A 60,000 SF building that once housed a television studio renovated to service a health center, theater, pharmacy and vitamin shop. To a city’s residents, a building finding a new purpose is a novelty. But to… Read More →

New to Market: FNB Fountainhead Plaza

Fountainhead Plaza02, DPA

A proposed 967,000 SF development called FNB Fountainhead is expected to move into the SWC of Alameda Drive and 55th Street in Tempe and adjacent to Fountainhead Park Office Park parallel to the I-10 freeway. The plans include four Class-A contemporary office buildings, ranging from three to 12 stories, two parking structures (3,600 spaces positioned… Read More →

LPC Developments Bring 5,000 Jobs to West Valley

10 Lincoln, Lincoln Property Company

Just two weeks after unveiling its plans to develop a major new business park in Goodyear, Ariz., Lincoln Property Company (LPC) has announced another new business park project, 10 Lincoln. 10 Lincoln will total more than 1 MSF on 72 acres. The development consists of five buildings ranging in size from 80 KSF to 500 KSF, with anticipated… Read More →

Chandler Looking for Developer for Downtown Property

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The City of Chandler opened a Request for Information (RFI) today for the downtown property located directly west of Chandler City Hall known as Site 6.  This site in the city’s urban core is considered a catalyst for the next stage of development in downtown Chandler. The RFI is the first of two phases, asking… Read More →

Cassidy Turley Completes $13.5 Million Sale of Camelwest Plaza

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Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully sold Camelwest Plaza, a 174,554-square-foot class B office property featuring two (2) four-story buildings at 1951 and 2001 West Camelback Rd. in Phoenix. 1128 Valencia Associates, LLC (Newport Beach, CA), advised by Apex Commercial Advisory (Brandt McCullough), purchased the property… Read More →

Cassidy Turley Completes 5,000SF Lease at Scottsdale Plaza for Giant Bicycles

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Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully negotiated a 5,000SF lease for Giant Bicycles at Scottsdale Plaza, on the northwest corner of 68th Street and Thomas Road in Scottsdale. Chris Hollenbeck, with Cassidy Turley’s Retail Group, negotiated the lease on behalf of the landlord, Marino Investments. Giant… Read More →

Scottsdale Parcel Sells for $2.8 Million to Make Way for La-Z-Boy Showroom

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A Scottsdale-based firm paid $2.8 million to develop a parcel at 6828 E. Camelback Rd. with plans to construct a La-Z-Boy Furniture store that is expected to break ground this October. A 10,096 SF, Class C office building built in 1978 was demolished to make way for the new retail building. The 27,878 SF parcel… Read More →

Marcus & Millichap Arranges Sale of 800 SF Net-Leased Property

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Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Starbucks, a 800-square foot net-leased property located in Mesa, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,415,000. Mark Ruble and Jamie Medress, investment specialists in Marcus… Read More →

NorthMarq Arranged $2.5 Million Mortgage for Airpark Home Center

Shari Stults, vice president of NorthMarq’s Phoenix regional office, arranged first mortgage refinancing of $2.5 million for Airpark Home Center located at 8355 East Butherus Drive in Scottsdale, Arizona.  This asset is a multi-tenant industrial flex building with approximately 50% of showroom/office space and 50% warehouse space.  The major tenant at the site is Hughes… Read More →

Cassidy Turley Represents Weitz Company in Lease Company to Relocate Park One

Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully negotiated a 10,500-square-foot lease on behalf of The Weitz Company Arizona at Park One, 2111 E. Highland Ave. in Phoenix. Justin Himelstein and Jason France with Cassidy Turley’s Office Tenant Representation Group negotiated the transaction on behalf of Weitz. Brett… Read More →

Cassidy Turley Reps Buyer in $12.7 Million Purchase of Scottsdale Apartments

MonacoNorthApartments

Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they represented Portofino at McCormick, LLC in the purchase of Monaco North, a 112 unit multifamily property located in Scottsdale at 8250 North Via Paseo Del Norte. The Michigan based investor purchased the property for $12,700,000 / $113,393 per unit / $134… Read More →

Mark-Taylor, Kitchell Break Ground On Southern Arizona Development

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  A year after opening two successful multi-family developments in Maricopa County, the joint venture of Mark-Taylor and Kitchell has embarked on a unique mixed-use development that brings out the best of their combined experience and utilizes the gorgeous backdrop of the Santa Catalina Mountains. The 24-acre development in Oro Valley, being called “San Dorado,”… Read More →

JLL Completes Deer Valley Land Purchase; Announces Plans For 169,000 SF Industrial Project

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  The Phoenix office of Jones Lang LaSalle completed a 9.4-acre land purchase for The MACK Company. The buyer will soon kick off construction at the site for the development of MACK Pinnacle, a new 169,000 SF, Class A industrial development. Located just west of the SWC of Pinnacle Peak Road and 7th St. in… Read More →

Will 'Furniture Wars' Be A Hit In Valley With Super Stores On The Way?

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  While not quite as popular as the television shows including “Storage Wars,” “Parking Wars,” or even “Cupcake Wars,” Phoenix is in for a “war” of its own with the onslaught of heavy-hitting furniture retailers coming to Phoenix. In the next few months look for grand openings of huge “super stores” that will knock your… Read More →

Douglas Allred Company Breaks Ground On 100,622 SF Office Building In Chandler

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Douglas Allred Company has started construction on another office building at Allred Park Place, a 100,622 SF, 2-story office building east of Price and Willis roads in Chandler. The structure, which broke ground July 29, is the sixth speculative office building at Allred Park Place. Mark Krison, Brad Anderson and Bryan Taute of CBRE’s Phoenix… Read More →

More Than $1B In Valley Economic Development Projects Announced In Banner 48-Hour Period

Marina Heights rendering courtesy of DAVIS.

  It could be the best 48 hours ever for Valley development and commercial real estate: three projects and more than $1B in economic impact. In the past 48 hours plans were revealed for three major investment and construction projects in Metro Phoenix, including today’s announcement of the $600M Marina Heights mixed-used development on Tempe… Read More →

Grand Canyon University's New Campus To Be Located In Mesa's Eastmark Community

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  Grand Canyon University today officially selected DMB Associates’ newest community, Eastmark in Mesa, as the site for its new, $150M satellite campus. The university will be given the right to purchase 100 acres at Eastmark with an option to add up to 60 adjacent acres for future expansion. Other sites considered for the new… Read More →

CPI Announces Sale Of 10 Acres Of Land In Maricopa To Prison Ministry Group

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  Commercial Properties Incorporated (CPI) announces the sale of 10 acres of land in Maricopa to Expected End Ministries, a Maricopa-based non-profit 501(c)(3) prison ministry. The group will develop the land at 16540 N. Porter Rd. as the future international headquarters for its global outreach programs. CPI’s Trent Rustan and Josh Gosnell represented KDJJ Industries,… Read More →

TopGolf At Riverwalk Breaks Ground In Scottsdale

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  Golf entertainment leader TopGolf officially broke ground on its first Arizona location at a special ceremony hosted recently at the Scottsdale construction site near Talking Stick Resort. Approximately 80 people attended the groundbreaking, including Salt River Pima-Maricopa Indian Community (SRPMIC) President Diane Enos and Vice President Martin Harvier, in addition to various local business… Read More →

Rivulon Ramping Up: With Construction Set For Fall, Gilbert Project Poised To Move Forward

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  Gilbert is one of the fastest-growing residential communities in the nation. It is only fitting that a scene of such dynamic growth is the home of what is poised to emerge as one of the region’s most promising new commercial developments: Rivulon. Developed by Nationwide Realty Investors (NRI), the real estate development affiliate of… Read More →

TopGolf At Riverwalk Teeing Off In Scottsdale; Groundbreaking Later This Month

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  Golf entertainment company TopGolf unveiled its 12th location and first in Arizona and Metro Phoenix, TopGolf at Riverwalk in Scottsdale The 13-acre property is part of the Salt River Pima-Maricopa Indian Community (SRPMIC). TopGolf will officially break ground on the facility, at 9500 E. Indian Bend Rd. across the street from Talking Stick Resort,… Read More →