New to Market Archives

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

Rendering of Generations at Agritopia (a sister property). Renderings of the Ahwatukee location are not yet completed.

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 →

Revising Tucson’s Economic Blueprint

Joe Snell, president and CEO of Tucson Regional Economic Opportunities (TREO), provided insight on the latest growth initiatives in Tucson and what the city needs to do to continue its upward trajectory. What are Tucson’s strongest assets coming into the recovery? ❚ The University of Arizona is a Top 20 research university with amazing strengths… Read More →

Valley Partnership Amplifies Voice of Responsible Development

Downtown_Phoenix_Aerial_Sketch-on

When municipalities have development-related issue at stake, one of the first organizations they call is Valley Partnership. Advocacy for responsible development is the driving force of the 27-year-old organization, which often takes a stance on behalf of its busy members. The issues range from state legislation and statewide issues such as land reform efforts, Government… Read More →

Wood Partners to break ground on Alta Steelyard Lofts

Wood Partners - Alta Steelyard Lofts, WEB

Wood Partners will break ground in October on Alta Steelyard Lofts, a 301-unit luxury apartment community in downtown Chandler that will add distinctive rental units to the employment-dense, rapidly developing “Silicon Desert” core.   With a particularly urban feel in both architecture and density combined with convenient access to employers and entertainment, Alta Steelyard will… Read More →

McCarthy, Sundt JV awarded $120M Ocotillo Water facility project

123RF.com; Copyright: hansenn

A joint venture between McCarthy Building Companies Inc. and Sundt Construction Inc. was recently selected as general contractor for the $120 million Ocotillo Water Reclamation Facility(OWRF) Expansion and Process Improvement Projects for the City of Chandler. The project includes $100 million in new construction and $20 million in upgrades to the existing plant. Located near… Read More →

Weitz Company named contractor for Hacienda at the River

The Freshwater Group

The Weitz Company announced its selection to build the Hacienda at the River project for Watermark Retirement Communities, Inc. along with The Freshwater Group of Tucson. The project will include a 70,000-square foot, two-story health care center offering short term, long term and hospice care. Also included are 62 residences, offering assisted living and memory care,… Read More →

PB Bell, Davis Enterprises to redevelop ‘Psycho’ building

Circle West - Barrister Building - West Elevation 08 25 14

P.B. Bell Companies, a leader in multi-family housing and commercial real estate development and management, and Davis Enterprises, an investment and development company serving Arizona’s retail and office sectors for six decades, have been selected by the City of Phoenix to redevelop the historic Barrister Place building in downtown Phoenix. City officials chose the P.B. Bell… Read More →

Kitchell finishes 171KSF patient tower at Chandler Regional

Chandler Regional Hospital

Kitchell recently completed a 171,000-square-foot expansion at Dignity Health Chandler Regional Medical Center, adding 96 beds and bringing the hospital’s bed count to 339, while adding and expanding comprehensive services. “Chandler Regional is truly a community hospital with more than 50 years of history in the East Valley,” said Tim Bricker, president and CEO of… Read More →