Mesa Archives

The Weitz Company finishes senior living community

Weitz Company

The downtown Mesa age-restricted senior living community, Encore on First West, has officially been completed, according to a Wednesday announcement by The Weitz Company. Encore on West First is a 44,000 square-foot, 4-story building, 44 unit complex that was built with accommodations for a future solar panel system on the roof. The community is a… Read More →

Teen business bootcamp and more THINKspot this summer

THINKspot

Unleash your creativity with THINKspot this summer. THINKspot, located at the Red Mountain Library, 635 N. Power Rd. will be holding a series of summer workshops designed for teenagers 12 and up. The summer events include: Film Camp – June 13-23 Learn the basics of filmmaking, from brainstorming ideas, acting, script writing, to film production,… 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 →

Vestar adds 350K SF to Phoenix portfolio

Vestar
by in AZRE Magazine

Vestar, one of the leading privately held real estate companies in the western United States, has been retained by a family owned company as the property management firm for Superstition Springs Center, a 186,766-square-foot community retail center located in Mesa, Ariz. and Ancala Village, a 173,185-square-foot community retail center located in Scottsdale, Ariz. Vestar now manages more than 26 million square feet. Vestar’s team brings a… Read More →

Salt River Tubing to open early, celebrates 35 years

Salt River Tubing

Salt River Tubing‘s opening day is April 30, 2016, Saturday, 9:00 a.m. – 6:30 p.m., on the Lower Salt River. The cost is only $17 per person or tube which includes tube rental, shuttle bus ride and free customer parking at Salt River Tubing. Salt River Tubing is located in the Tonto National Forest, just… Read More →

Mesa apartments sell for $27.25M

Mesa apartments
by in AZRE Magazine | Multi-Family

Berkadia announced the recent sale of Valencia Crossing, a multifamily property located in Mesa. The $27.25 million sale – completed on April 8 – reflected a per-unit price of $68,640. Valencia Crossing is located at 111 N. Gilbert Rd., near U.S. Route 60 and Loop 202. It is less than five miles from Hohokam Stadium, spring… Read More →

CBRE completes $13.1M sale of Tri-City Pavilions

TriCityPavilions.jpg
by in AZRE Magazine | Brokerage | Retail

CBRE has completed the sale Tri-City Pavilions located at the northeast corner of Dobson Road and Main Street in Mesa, Ariz. The ±96,336-sq.-ft., Safeway-anchored shopping center commanded a sale price of $13.1 million. Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham with CBRE’s Phoenix office negotiated the transaction on behalf of the seller, J.G.… Read More →

IASIS Healthcare names Nate Malcolm as COO

JLL

IASIS Healthcare has announced a new addition to its leadership team as Nathaniel Malcolm takes on the role of Chief Operating Officer for Mountain Vista Medical Center a full-service hospital in east Mesa. As COO of the medical center, Malcolm will oversee financial and operating performance of the 178-bed acute care hospital, its more than… Read More →

Dobson Ranch multifamily complex sells for $19.5M

sold
by in AZRE Magazine | Multi-Family

Berkadia announced the recent sale of La Costa at Dobson Ranch, a multifamily property located in Mesa. The $19.5 million sale was completed on March 15, reflecting a $100,515 per-unit price. Senior Managing Director Mark Forrester, Managing Director Ric Holway and Vice President Dan Cheyne of the Phoenix office all helped facilitate the sale. The… Read More →

Orbital ATK will expand operations in Gilbert, add jobs

orbital

Arizona Gov. Doug Ducey and Orbital ATK, one of the Valley’s leading aerospace and defense technology firms, announced, Friday, the expansion of the company’s engineering operations in Gilbert. The expansion will add 60,000 square feet to the site that includes Orbital ATK’s Satellite Manufacturing Facility, one of the largest and most advanced spacecraft assembly and… Read More →

Eastmark passes more than 1,000 homes sold

Eastmark

Home sales continue at a strong pace in Arizona’s fastest selling community and this month Eastmark celebrated 1,000 home sales since opening in 2013. By the end of 2015, Eastmark earned a top spot in two of the nation’s real estate reports, RCLCO and John Burns Real Estate Consulting, ranking number seven and eight among… Read More →

Spring Training boosts some cities while others wait

Spring Training

Building spring training facilities for big-league clubs is considered an investment by Valley cities that will spur development. Some of the 10 Cactus League venues have come through, with one city manager calling March the city’s “second Christmas.” Others are struggling. Here’s a look at how some Cactus League stadiums are doing: Sloan Park, Mesa … Read More →

Report: East Valley hotbed of leasing activity

East Valley
by in AZRE Magazine

Known for its pro-business climate, high quality of life, diversified economy with a skilled workforce, robust infrastructure and public-private collaboration, the PHX East Valley region continues to experience significant growth fueled by emerging local business and national corporate relocations. Comprised of the cities of Chandler, Gilbert, Mesa, Tempe, Apache Junction and Queen Creek, the region offers a… Read More →

Shea Homes announces grand opening at Eastmark

unspecified

Shea Homes Arizona opened three new model homes, Saturday, featuring Shea3D innovation in Eastmark, a master-planned community in Mesa. Ambition at Eastmark, located Ray and Ellsworth Roads at Eastmark Parkway, will offer 99 home sites, with minimum lot sizes of 45 feet by 120 feet and homes ranging from 1,723-2,869 square feet. The Shea3D plans… Read More →