New to Market Archives

GCC automotive technology complex celebrates topping out

Courtesy of Adolfson & Peterson

On May 19, Adolfson & Peterson Construction (A&P) celebrated the “topping-out” construction milestone on the new automotive technology complex at Glendale Community College (GCC). The topping-out event marked the completion of the highest point of construction on the jobsite and was celebrated with a catered breakfast and recognition ceremony. Current College President, Dr. Irene Kovala,… Read More →

Chandler Airport Water Reclamation Facility wins AWA award

CDP Commercial, LLC; Provided by McCarthy Building Cos.

The Chandler Airport Water Reclamation Facility expansion project, led by McCarthy Building Companies, was recently named the 2015 Water Reuse Project of the Year by the Arizona Water Association. The $105 million dollar expansion project, located at 905 E. Queen Creek Road in Chandler, Ariz., underwent a 7 million gallons per day (MGD) expansion that allows the… Read More →

Wentworth Property Company announces West 80 plans

West 80 rendering, courtesy of DTZ.

DTZ announced May 21 it has begun to market West 80, a ±379,635 SF, for-lease, speculative development by Wentworth Property Company (WPC). Located on the southeast corner of 80th Avenue and Buckeye Road in Phoenix, WPC plans to break ground on the industrial distribution center before year-end with delivery in 2016. DTZ Executive Managing Directors Andy… Read More →

Scheduling Institute opens in Phoenix warehouse district

Image provided by LGE Design Build

LGE Design Build has completed the renovation of the former Jackson’s on 3rd restaurant into a 23KSF West Coast training center for the Scheduling Institute, a medical and dental practice training company based in Alpharetta, Ga. The new training center, located at 245 E. Jackson St. in the downtown warehouse district, will complement the company’s… Read More →

Sky Harbor Business Park has a new spec building

Eastgroup Rendering

Sun State Builders announced the completion of another speculative development project.  Sun State Builders, Eastgroup Properties and Butler Design Group teamed up to construct the industrial spec building located in Sky Harbor Business Park at 1725 E. University Dr. The team utilized the City of Phoenix self-certification program to expedite the permitting process. The 31,410… Read More →

Concentrated Culture: The symbiosis of new-build and adaptive reuse

Portland on the Park, Courtesy of DAVIS

There are undeniable truths in commercial real estate. For instance — retail follows rooftops. However, when the right variables come together, the presence of retail can create a demand for mixed-use communities. This is a phenomenon Michelle Schwartz, associate at RSP Architects, has observed in her firm’s recent work. “Arizona has such a short history… Read More →

Sky Harbor conducts 440KSF flooring project

TICKETING

Phoenix Sky Harbor Terminal 4 Terrazzo Project Developer: City of Phoenix General Contractor: McCarthy Building Companies Architect: Richard-Bauer Location:  3400 E. Sky Harbor Blvd., Phoenix Size:  440KSF Value: $15.4 M Start/Completion: Contract State Date 9/1/2015 – Contract Complete Date 10/2019 Project Description: Phoenix Sky Harbor International Airport is replacing approximately 440,000 square feet of flooring… Read More →

New to Market: May 2015-June 2015

Arizona Fallen Firefighters & Emergency Paramedics Memorial

Public Arizona Fallen Firefighters & Emergency Paramedics Memorial DEVELOPER: State of Arizona General Contractor: McCarthy Building Companies Architect: SmithGroupJJR Engineers: CVL and PK Associates Sculptors: Rusty Bowers; Paul Olesniewicz Location: Wesley Bolin Memorial Plaza VALUE: $1.25M in donations Start/Completion: March to October 2015 Subcontractors: American Fence, Gothic Landscaping, W.R. Grace, Brundage Bone, Sun Valley, Schuff… Read More →

Senior care facility developer buys land in Arrowhead Ranch

Orchard Pointe at Arrowhead, Courtesy of Colliers International

Colliers International in Greater Phoenix recently completed a $2.23M sale of a 3.95-acre ($13 per square foot) commercial land parcel, where the 100-unit Orchard Pointe at Arrowhead senior care facility is planned. Glendale Heritage LLC of Omaha, Neb., purchased the land, located just north of the northwest corner of Bell Road and 67th Avenue in… Read More →

Big Deals: Retail/Sales, May 2015-June 2015

4821 N. Scottsdale Rd., Scottsdale

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from… Read More →

Tempe approves entitlements for One Hundred Mill

2015.05.07 Mill and Rio - Final Aerial

Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies (“DWC”) and Hensel Phelps Development LLC, a subsidiary of Hensel Phelps based in Greeley, CO, announced the name of their new mixed-use development project on the corner of Mill Avenue and Rio Salado Parkway, One | Hundred | Mill. The project name, which… Read More →

Autistic adults move into First Place™ beta site

First Place, RSP Architects

Adults with autism have moved into the beta site for the First Place Transition Academy, one of three components of the future First Place mixed-use residential property in Phoenix.  The Academy is teaching independent living, career development and social skills for a population that experiences a “services cliff” after high school, according to a new… Read More →

Big Deals: Multi-Family/Sales, May 2015-June 2015

Trillium Cave Creek 2

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from… Read More →

Big Deals: Industrial Sales, May 2015 – June 2015

2650 E. Queen Creek

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from… Read More →