On Feb. 27, AZRE hosted the 8th Annual RED Awards reception at the Arizona Biltmore in Phoenix to recognize the most notable commercial real estate projects of 2012 and the construction teams involved. AZRE held an open call for nominations and more than 100 projects were submitted by architects, contractors, developers and brokerage firms in Arizona. To view all 2013 RED Awards Winners and Honorable Mentions, go here >
Developer of the Year
With national reach from its headquarters in Phoenix, RED Development guides a high-quality portfolio of more than 35 retail, commercial and mixed-use properties totaling more than 17 MSF across 11 states. Over the past two years, RED has significantly grown its presence in Arizona through the acquisition of well-positioned real estate properties including: Hilton Village in Scottsdale, Town & Country in Phoenix, Aspen Place in Flagstaff and several properties in Chandler.
Founded in 1995, RED is a full-service commercial real estate company providing asset management, leasing and marketing expertise. However, the company has always had its passion and roots in development.
In 2012, RED completed Phase I of the redevelopment of Town & Country which included the addition of a new Nordstrom Rack and 20,000 SF of new shop space which is 100% leased. This spring, a new Whole Foods will open and RED will start work on Phase II of the redevelopment.
RED also opened Hotel Palomar, a Travelocity top-rated 242-room boutique hotel at RED’s signature project, CityScape. Construction on the apartments at CityScape has begun as this dynamic mixed-use project continues to take shape.
Beyond Arizona, the company has projects under construction in Texas, Nebraska, Nevada and Missouri.