SAN MARQUIS Developer: Mark-Taylor/Kitchell General contractor: Mark-Taylor Development Architect: ADG Location: SWC of Rural and Baseline roads, Tempe Size: 229,093 SF The $28M Mark-Taylor/Kitchell venture is a 229-unit luxury apartment community. It will feature 1-,…
Space crunch Office Makeovers: Change in workplace dynamics has office tenants doing more with less If you think the recession is killing the corner office, you may be partially correct.…
Many real estate investors determine the value of an income property by using the capitalization rate, also known as the “cap rate.” However, this is absolutely the one most misused…
Historic Buildings – Arizona has a history that ranges from historic wonders, such as the Grand Canyon, to remarkable buildings. Each year the Arizona Preservation Foundation releases their Arizona Most Endangered Historic…
Arizona-based general contractor Sundt Construction has expanded its operations, opening three satellite offices in Albuquerque, N.M.; Cary, N.C. and El Paso, Texas. The offices will support active projects in those…
Is Commercial Real Estate On the Upswing? While many people have been watching the housing-market crisis in the Valley, fewer have paid attention to the situation in commercial real estate.…
1. Different geographical areas bring very different results When you are looking to invest in Arizona commercial real estate, different geographical areas of the market can have dramatically different results…
CB Richard Ellis released its 2Q 2011 market analysis of the Phoenix area office, industrial and retail sectors and report highlights include: Office The office market vacancy rate decreased slightly…
An estimated 450,000 U.S. office jobs have moved offshore in recent years, and that number will likely grow as high as 3.4 million by 2015, according to a study performed…
SALT RIVER SCOTTSDALE 101 COURTYARD BY MARRIOTT Developer: Salt River Devco General contractor: W.E. O’Neil Architect: PK Architects Location: Pima Rd. north of Chaparral Rd., Scottsdale Size: 96,705 SF The $22M, 156-room hotel will be…
YUMA REGIONAL MEDICAL CENTER DATA CENTER IT BUILDING Developer: Yuma Regional Medical Center General contractor: McCarthy Building Companies Architect: Archsol Location: Yuma Size: 12,500 SF The $5.2M freestanding data center will help YRMC transition to…
The slowly recovering economy is revitalizing the multi-family market in Arizona, restoring the industry to robust health. Rents are up, vacancies down, and, unlike most commercial real estate segments, any…
