New to Market Archives

San Travesia apartments open near SkySong

Mark Boisclair Photography, Inc.

At the center of the McDowell corridor revitalization is the newest high-end rental community in south Scottsdale, San Travesia. San Travesia – adapted from the Spanish word “Travesia” meaning “crossroads” – offers all the advantages of Mark-Taylor’s “Next Generation” living in the largest low-density luxury apartment community in the area. “We’re so proud of this… Read More →

Manufacturing facility begins conversion into Millennial-focused office space

Courtesy of Gensler

Construction and conversion has begun for The Circuit Tempe, a 190KSF high density class-A office project at 615 S. River Dr. Formerly an industrial manufacturing facility for Jabil Circuit, the sizable building has been dramatically re-designed to serve as the Valley’s first speculative large-scale, millennial focused office property.  Situated on the Loop 101 and University… Read More →

Vestar to develop at Crossroads Towne Center

Colliers International in Greater Phoenix recently negotiated two separate long-term leases for a restaurant and dental office at a multi-tenant retail building soon to be under construction at Crossroads Towne Center in Gilbert. Local shopping center owner, developer and manager, Vestar Development Company of Phoenix, is developing a 7,800-square-foot building at 3787 S. Gilbert Road.… Read More →

Chandler entertainment district gets 60KSF upgrade with The Row

Vintage Partners, Kitchell and RSP Architects will construct an Alamo Drafthouse in Chandler. Courtesy RSP Architects

Vintage Partners, the Phoenix-based commercial real estate development and investment company, announced its selection by the Chandler City Council to develop the The Row in downtown Chandler’s newly designated entertainment district, an all-new mixed used project on the SW corner of Arizona Avenue and Chandler Boulevard. Created in partnership with Alamo Drafthouse Cinema, this stylish… Read More →

Historic Welnick Bros. market slated for infill project

Welnick Skyline Rendering, WEB

CBRE has completed the sale of Welnick Bros. Marketplace located at 345 W. Van Buren St. in downtown Phoenix. The property, which has been earmarked for a future, urban-infill retail project, commanded a sale price of $930,000. Christoper Ackel and Pat Horan with CBRE’s Phoenix office negotiated the transaction on behalf of both buyer and… Read More →

New Ownership Renovates Scottsdale Hotel

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December 17, 2014 by in AZRE Magazine | Featured | Hospitality

A critical financing package has led to an upgrade of one of south Scottsdale’s best-known hospitality facilities and will help modernize it to reflect the revitalization of the McDowell Road Corridor. The Best Western Papago Inn at 7017 East McDowell Road in south Scottsdale has undergone renovations and is now the Magnuson Hotel Papago Inn. The revitalization of the facility comes… Read More →

New restaurant, Tapacubo, opens in Tempe

Copyright: Christian Horan Photography

Graduate Tempe announced the opening of Tapacubo, the hotel’s Mexican street food outpost, on December 5, 2014. Located at the hotel at 225 East Apache Boulevard, Tapacubo’s flavorful menu presents a variety of handcrafted South of the Border classics including tacos, tortas and arepas along with an extensive beverage list. Executive Chef Brian Archibald has… Read More →

Two Brothers Brewing Co. to open in Old Town Scottsdale

Rendering courtesy of PHX Architecture

PHX Architecture is currently designing a new restaurant, bar and brewery located in Old Town Scottsdale for Illinois-based Two Brothers Brewing Company. Formerly the SaddleRanch Chop House Restaurant, this renovation will bring a new brewery concept to the Old Town atmosphere, and have indoor and outdoor dining options, as well as an entire brewery system inside.… Read More →

Kitchell returns to Phoenix Children’s Hospital for build-out

Blake Marvin/HKS

Kitchell has been engaged to improve shell space it built three years ago at Phoenix Children’s Hospital as part of the $356 million tower project. The $10 million build-out comprises design and construction of a 45,000-square-foot, 48-bed medical/surgical unit in existing shell space on the ninth floor of the main tower at 1919 E. Thomas… Read More →

Coldwater Depot Logistics Center enters phase 3

Coldwater Depot Logistics Center

Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and joint venture partner Clarion Partners, a leading U.S. real estate investment manager, announced Tuesday that construction has begun on Coldwater Depot Logistics Center, Phase 3, a 187KSF, class-A speculative industrial building in Avondale, Ariz. Construction is scheduled to be… Read More →

Wood Partners to develop 220-unit apartment complex downtown

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A venture formed by Wood Partners in Marietta, Ga. (Ryan Dearborn, CEO) plans to develop 220 apartments at the southeast corner of N. 7th Avenue and W. Fillmore Street in downtown Phoenix. ALTA Fillmore LLC (Wood Partners entity) assembled the 4.09-acre site in two cash transactions totaling just under $4.8 million. Morgensen Inc. in Cody,… Read More →

Ground breaks on next Park Place office complex phase

Rendering of retail at Park Place office complex

Douglas Allred Company has announced the immediate construction of three new projects in the Park Place office complex, a 150-acre mixed-use development located in the Price Road Corridor in Chandler, Ariz. These projects include a state-of-the-art business hotel, a retail/restaurant project and a 92KSF cutting-edge, class-A office building. Drury Development Corporation will develop an eight-story,… Read More →

HSL breaks ground on Tucson National luxury apartments

Encantada, HSL Properties, WEB

HSL Properties, Inc. announced the ground breaking of its new $46 million, 368-unit luxury apartment home community in the exclusive Tucson National area of the northwest Tucson metropolitan area. With the success of Encantada at Riverside Crossing, Dove Mountain, and Steam Pump, Encantada at Tucson National is the latest in its premiere Southern Arizona luxury… Read More →

Chateau Luxe brings 50KSF event venue to 101 and 7th Street

Chateau Luxe, courtesy of Deepika Bhalla

Chateau Luxe, a new event space that aims to bring high-end design and opulent detail to the Valley, is set to open mid-February 2015.  Located just north of the 101 off of 7th Street, Chateau Luxe is a multimillion-dollar event space envisioned by owner Deepika Bhalla. It is designed and built by the award winning… Read More →