chandler Archives

East Valley development shows results of market health

Tempe
by in AZRE Magazine | Construction

Evidence of a healthy commercial real estate market can be seen throughout East Valley cities where economic development directors expect continued activity as a result of recent success stories and other big plans in the works. The cities of Chandler, Gilbert, Mesa, Scottsdale and Tempe share a common goal to progress their communities through economic… Read More →

Oh How We’ve Grown: The Next Tech Hub is Settling in Our Valley

phoenix
by in AZ Business Magazine | Tech

Longtime Valley residents who can remember a time when restaurants shut down for the summer might find it hard to even recognize the growing city we call home now. As for new residents – trust me, not too long ago this was a far different town than the innovative metropolis you’re helping to create. Phoenix’s… Read More →

Owners of The Met rejoin for hotel venture in Chandler

Towneplace Suite - The Met at Fashion Center
by in AZRE Magazine | Construction

Construction commenced today on a 109-unit TownePlace Suites by Marriott at the corner of Chandler Boulevard and Hearthstone Way in Chandler. Project owners include HCW Development  and Statesman Group of Phoenix. This same duo brought The Met at Fashion Center luxury apartments to Chandler in the fall of 2015. The Towneplace Suites development is located on two acres adjacent to the 303-unit Met at… Read More →

ULI will explore evolution of suburban core

LGE Design Build
by in AZRE Magazine | Events

Across the country, suburban areas are becoming dynamic centers of change, new cultural activity and economic growth. What do the Valley’s suburban municipalities have to offer? That and other questions will be answered as ULI Arizona explores the essential strategies and lessons learned for transforming suburban communities into compact, walkable, hip places at its next… Read More →

Arizona Forward honors environmental excellence

Northern Arizona University’s International Pavilion earned the coveted President’s Award at Arizona Forward’s 36th Annual Environmental Excellence Awards.

Deemed a “building of the future,” Northern Arizona University’s International Pavilion earned the coveted President’s Award (Best of Show) in Arizona Forward’s 36th Annual Environmental Excellence Awards presented by SRP. Jurists praised the facility as among the greenest building of its kind in the world. Arizona Forward celebrated the 36th anniversary of its historic program… Read More →

Passco Companies acquires Phoenix multifamily community

Passco Companies
by in AZRE Magazine | Multi-Family

Passco Companies, LLC has acquired Almeria at Ocotillo, a 389-unit, Class A luxury multifamily community located within the Ocotillo Master Planned Community, an upscale master-planned community in the dynamic Phoenix submarket of Chandler, Arizona, for approximately $80 million. The apartment community is located at 2470 and 2471 W. Edgewater in Chandler, Arizona. Sean Cunningham at CBRE represented… Read More →

CyrusOne completes new data hall in Chandler

digital data flow through optical wire

Global colocation solutions provider CyrusOne (NASDAQ: CONE) has completed construction of a new data hall on its data center campus in the Phoenix suburb of Chandler. The data hall added 36,000 colocation square feet (CSF) to the Chandler campus with 2 megawatts of power capacity. “Phoenix remains one of our fastest-growing markets, and with 57… Read More →

Cushman & Wakefield sell Chandler apartments for $21.65M

Chandler Apartments
by in AZRE Magazine | Brokerage | Multi-Family

Cushman & Wakefield negotiated the sale of Chandler apartments, which sold for $21.65 million. Park Tower Apartments, a 180-unit value-add multifamily investment at 1283 W. Parklane Blvd. in Chandler, was sold to Chicago-based 29th Street Capital. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented the seller, Scottsdale-based Clear Sky Park… Read More →

Valley Partnership examines airports as economic engines

Sky Harbor
by in AZRE Magazine | Events

Valley Partnership’s monthly breakfast for June will cover a panel who will feature presentations from economic development officials on three of the Valley’s municipal airports. Experts will share their strategic plans and outline upcoming opportunities for the real estate and development communities. The panel will feature Shea Joachim, business development director at the Phoenix-Mesa Gateway… Read More →

29th Street Capital acquires 6th Valley property

acquires
by in AZRE Magazine | Multi-Family

29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Park Tower Apartments, a 180-unit multifamily community in Chandler. 29SC’s strategy is to invest $883,000 into renovations to significantly upgrade the interiors and to enhance the exterior of the apartments. This is the sixth acquisition 29SC has made in the Phoenix/East… Read More →

Thomas Title & Escrow office opens in Rivulon

Rivulon Building

Thomas Title & Escrow is opening its new offices on Monday, June 6 at a 3,000 square-foot space in Gilbert’s 250-acre Rivulon project at the northeast corner of South Loop 202 and Gilbert Road. Currently the team is opening escrows to be closed at this location. TT&E will be the only title and escrow agency in the Rivulon… Read More →

Daum negotiates $5.6M industrial sale

Daum
by in AZRE Magazine | Industrial

Daum Commercial Real Estate Services has negotiated the $5.6 million sale of two industrial buildings located in Price Road Industrial Park in Chandler. The sale includes a 43,549 square-foot facility located at 2805 W. Frye Rd. and a 25,184-square-foot building located at 315 S. Bracken Ln., across five acres. Rich Sica with Daum Phoenix represented the seller,… Read More →

Fulton Homes provides 200th free pool fence

Fulton Homes

The Fulton Homes Fence Patrol reached a milestone on Tuesday when a Chandler family received the program’s 200th free pool fence from the Tempe-based homebuilder. Fulton Homes Fence Patrol, now in its 14th consecutive year, has provided 15 free pool fences during the spring and summer for Valley residents in need. Tuesday’s install was the program’s fifth… Read More →

New home starts up 60% from last year in Phoenix

homes

Metrostudy’s 1Q16 survey of the Phoenix housing market shows annual home starts, attached and detached, in the Phoenix area numbered 16,687 over the past four quarters ending 1Q16, a 60% increase YoY and up 13% from 4Q15. Quarterly starts in 1Q16 numbered 3,928 units, up 47%% from 1Q15. Annual closings numbered 12,651, up 20% YoY,… Read More →