New to Market Archives

Wentworth Property, Northwood Investors to redevelop 234KSF office

Rendering courtesy of Gensler

Wentworth Property Company (WPC) and Northwood Investors purchased a ±234,446 square foot office project at 1665 W. Alameda Drive. The partners had the vision to see the unique potential in the property and purchased it for $13.83 with plans to spend $20 to $25 million on redeveloping the project. They selected Gensler as the architect,… Read More →

American Traffic Solutions relocates 600 employees to Waypoint

Waypoint at Riverview

Harvard Investments, Lincoln Property Company (LPC) and American Traffic Solutions (ATS) announced today that ATS will be relocating more than 600 employees to Waypoint, a new Class-A office campus located in Mesa, Ariz. ATS’s lease includes total occupancy of one of two new buildings planned by owner Harvard Investments and development partner LPC. “We welcome… Read More →

Renovations complete at Biltmore Commerce Center

Biltmore Commerce Center, WEB

DPC Development announced the completion of the interior and exterior renovation of Biltmore Commerce Center, a 260,000-square-foot, Class A office building at 3200 E. Camelback Rd. Built in 1985, the three-story building was purchased in August 2013 by Colorado-based DPC Development in partnership with Bridge Partners of Salt Lake City. Biltmore Commerce Center was 74… Read More →

City of Phoenix opens RFP for Adams Street Corridor

Phoenix Convention Center, GoGreen Conference 2011

The city of Phoenix is seeking proposals from proposers who can help revitalize the Adams Street corridor in downtown Phoenix.  Proposals that would rejuvenate the area along Adams and Second streets, adjacent to the Phoenix Convention Center and downtown hotels are highly encouraged. Proposers should address how their business will create vibrant places and active… Read More →

Hacienda Healthcare to break ground on children’s hospital

Hacienda, WEB

On Monday, Sept. 22, at 11 a.m., Hacienda HealthCare and RJM construction will host the groundbreaking ceremony for the new 24-bed, 20,900-square-foot children’s hospital in Mesa, Ariz. The hospital, located at 610 W. Jerome Ave., will feature: Four themed patient wings with unique floor cuts and patient room headwalls to synchronize with the themes Four… Read More →

Auto aftermarket company signs 109KSF lease in Phoenix

Canal Crossing

A leading auto aftermarket company has signed a 10-year + lease for 109,060 SF at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction. Lee & Associates principals Jeff Conrad and Allen Lowe represented the landlord, Conor Commercial Real Estate (a real estate development and investment arm… Read More →

Vintage Partners to redevelop ’50s era shopping center

Courtesy of MMPR Marketing

Vintage Partners, the Arizona-based commercial real estate development and investment company, announced its selection by Uptown Plaza Associates, LLC to lead the redevelopment of Uptown Plaza, the landmark 1950s era shopping center in central Phoenix on the NE corner of Central Avenue and Camelback Road.  Kicking off with a groundbreaking in September 2014 (exactly 59… Read More →

TicketForce to create mixed-use development in Gilbert

TicketForce-PERS-Hi-res, WEB

A new mixed-use building is coming soon to downtown Gilbert featuring more than 13,000 square feet divided into three stories, a commitment to social responsibility and uniquely: a plan to only house local Arizona businesses. Gilbert residents and owners of East Valley-based ticketing company, TicketForce, Brad Smith and Lynne King Smith, closed last month on… Read More →

$150M Chandler Viridian project zoning entitlement approved

Map, Colliers, WEB

The Chandler City Council on Thursday night approved zoning and a development agreement for Hines to develop the Chandler Viridian mixed-use project located near the Chandler Fashion Center and Loop 101/Loop 202 interchange. The 25-acre project will include a modern brand hotel, Class A multi-family and a central plaza with 250,000 square feet of Class… Read More →

IPA, Retirement Community Specialists join forces

IPA Living, Mark Boisclair Photography

IPA, a leading operator of luxury multifamily communities in Arizona and Michigan, and Retirement Community Specialists, Inc. (RCS), a leading operator of luxury senior housing communities in Arizona, recently announced they have joined together under the same umbrella company, IPA, LLC. RCS and IPA now operate together under the direction of a combined executive team… Read More →

Future Coronado Commons sold to SRM Development

Coronado Commons, courtesy of Architectural Resource Team, Inc.

Cashen Realty Advisors announced the sale of a 1.37-acre residential parcel located at 329 E. Coronado Road in the Alvarado Historic District Area of Phoenix. The parcel is zoned R-4 and has approved plans for 20 three-story townhome units. The property, destined to be the Coronado Commons, sold for $1,323,000 and is one of the… Read More →

The Newport at Tempe to break ground later this month

The Newport, WEB

Change is on the horizon for downtown Tempe, and as the city preps to dive headfirst into an extensive rebranding and revitalization effort, one local developer is leading the charge on the residential side. Risi Development’s 38- single family homes called Newport at Tempe (1106 E Weber Drive) is set to break ground Monday, Sept.… Read More →

ULI seeking real estate proposals for ‘Shark Tank’ event

ULI Arizona Shark Tank Flyer art

The Urban Land Institute (ULI) Arizona District Council is seeking proposals from local real estate entrepreneurs to showcase and pitch their projects at the popular ULI Shark Tank event.  Real money and expert deal making advice is at stake for successful candidates with real estate development experience, an active and interesting deal to discuss, and… Read More →

Scottsdale Quarter leases first ‘Block M’ office

ScottsdaleQuarterOffice, WEB

Glimcher Realty Trust and CBRE announced the first office lease for Scottsdale Quarter’s new±170,000 SF Class A, mixed-use building in North Scottsdale, Ariz. Located at the southeast corner of the high-end lifestyle center, the new, six-story tower will be the new home of Phoenix-based hospitalist group Apogee Physicians’ corporate headquarters.   Vince Femiano with CBRE’s… Read More →