New to Market Archives

HSL acquires 44 Monroe in downtown Phoenix

Multi-Family Market - AZRE Magazine July/August 2011

HSL 44 Monroe, LLC, purchased a $50.65 million controlling interest in 44 Monroe, Arizona’s tallest luxury residential tower. Located at 44 Monroe on the northeast corner of 1st Avenue and E. Monroe Street, the property is located in the heart of the downtown Phoenix financial district. HSL purchased 184 condominium units in the 198-unit tower.… Read More →

Phoenix office market gains momentum

The Esplanade

As the overall economy continues improving, the Phoenix office sector is experiencing strong momentum in a variety of different measurements. Office construction, sales velocity and rents are all on the rise; however leasing activity remains muted. The Valley is flooded with tenants in the market touring buildings and assessing future options. Site Selection magazine recently… Read More →

Phoenix industrial markets continue to break ground

Architectural Photography by Michael Baxter, Baxter Imaging LLC

The Phoenix industrial market continued to improve in the first quarter of the year, posting its lowest percentage vacancy (11.8%) since Q1 2008. In that 7-year time period, the Valley’s industrial inventory gained over 32 million SF of warehouse/distribution, manufacturing and flex space. The most recent seven quarters have yielded the most productive net absorption… Read More →

Project News March/April 2015

West-MEC Southwest Campus in Buckeye

LEARNING CURVE In February, McCarthy Building Companies broke ground on the $50M West-MEC Southwest Campus in Buckeye. The campus is expected to serve 650 students in programs ranging from secondary to post-secondary and industry training. This project is one of four for the career and technical public school district funded by a $74.9M voter approved… Read More →

Coolest incubators in Metro Phoenix

Luhrs Int 2

Incubators are spaces outfitted with support staff, equipment and made available at low rent to new, small businesses. From trendy digs to attractive benefits, here are the best places to put all your eggs in a basket. BioAccel Location: 2702 N. 3rd St., #3001, Phoenix Dictum: “We help Arizona reach its potential by helping Arizona’s entrepreneurs reach… Read More →

ICSC: Surfing the Omni-channel

Downtown Phoenix Shopping

When web-based shopping gained popularity over the last two decades, spearheaded by the likes of Amazon and major retailers’ internet storefronts, the imminent demise of brick-and-mortar establishments seemed likely. War was declared between bricks and clicks. The win-lose conversations are fading into the background as researchers suggest a more symbiotic relationship between the two. Stores… Read More →

Lo-Lo’s Chicken & Waffles opens at Heritage Marketplace

Lo-Lo's Chicken & Waffles 094_HDR_small

LGE Design Build has completed construction of Lo-Lo’s Chicken & Waffles at Heritage Marketplace, a family friendly, pedestrian-oriented, mixed-use development in downtown Gilbert. Lo-Lo’s Chicken & Waffles, 366 N. Gilbert Road, is now open. The 4,300-square-foot restaurant offers a full bar with several large television screens and outdoor seating that draws energy from the street.  … Read More →

LGE Design to break ground on the $4.5M ACES school

The ACES, web

LGE Design Build will break ground on the $4.5 million Phoenix West Campus of The Austin Centers for Exceptional Students (The ACES) at 9:30 a.m. on April 17. The ACES, a state approved school, is the largest private provider of special education in Arizona partnering with 65 district and charter schools. Phoenix Vice Mayor Daniel… Read More →

Structures and architects honored at 2014 AIA Arizona gala

Amangiri Resort

The American Institute of Architects Arizona Design Awards recognize excellence in design, planning and construction of projects located anywhere in the world that are designed by AIA Arizona architects registered and licensed in Arizona. The awards honor the highest standards of design in response to user requirements, site, context, climate and environment. Each entry, regardless… Read More →

La Cresenta Apartments wins Best of Tempe award

Global real estate investment and services firm Kennedy Wilson announced that La Cresenta Apartments, a 197-unit property managed by Kennedy Wilson for more than 10 years, has been awarded the 2015 Best of Tempe Award in the Apartment Buildings category for the second year in a row. Located at 1025 E. Orange St. in the… Read More →

East Valley cities come together over startup culture

The definition of a startup depends on who’s answering. The general consensus does seem to be a new, small company. The threshold of being a startup and a young business can be defined by revenue, company size, an acquisition or a new office space. What’s more important, experts say, is the environment that comes with… Read More →

Las Plazas at Old Vail breaks ground in Tucson

Site-Plan-for-PR, cbre, web

A 17-acre parcel of land at the northwest corner of Houghton and Old Vail Roads in southeastern Tucson is slated to become a new retail and restaurant hub. The development’s site work has begun at Las Plazas at Old Vail, as the project has been dubbed, in the form of under-ground utilities, grading, retention/detention, common… Read More →

Tuesday Morning Corp. signs 593KSF spec lease

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Liberty Property Trust announced that Tuesday Morning Corporation has signed a 10-year lease for 593,600 square feet at Liberty Logistics Center I in Phoenix. The national retail chain will occupy the entire facility, located at 563 S. 63rd Avenue, in September. Liberty acquired the building in 2013 and marketed the facility to potential distribution center… Read More →

Velaire at Aspera breaks ground in Glendale

Aspera, Courtesy of Todd & Associates, Inc.

The P.B. Bell Companies has begun construction on Velaire at Aspera, an apartment community within the Aspera mixed-use development in Glendale. Located at 75th Avenue and the Agua Fria Loop 101 Freeway, Velaire at Aspera will offer 286 luxury apartment homes in a resort-like setting, with amenities that include an electric-car charging station, an agility… Read More →