Autonomous Vehicles’ Real Estate Impact

by Mike Hunter

CBRE recently released results of its research into potential effects of autonomous vehicles that predicts the technology will disrupt more than just transportation. By disrupting the way employees commute to work, autonomous vehicles are expected to fundamentally reshape the U.S. office market by 2030, across nearly all property types and sectors, from retail, industrial, healthcare… [More]

Estrella a Top-Selling Master-Planned Community

by Mike Hunter

Estrella by Newland Communities was named as among the top-selling master-planned communities in the country, earning spots on annual lists recently released by John Burns Real Estate Consulting and RCLCO, a real estate advisory firm.  Ranked 17 on both lists of the top 50 communities, the 617-acre development showed a significant rise from its previous… [More]

Roosevelt Row Historic Property Renovation

by Mike Hunter

  Renovations were recently completed on the “Hardware Store,” on North 1st Avenue in Phoenix. The restoration by Point B leverages the historical nature and character of the existing buildings, and includes updated interior and common areas and creative office space in proximity to Downtown and the Roosevelt Row neighborhood.  To ensure the exterior reflects… [More]

West Valley Industrial Spec 

by Mike Hunter

Lincoln Property Company’s recently completed Lincoln Logistics 40, an $85 million project spanning more than 20 acres of Class A industrial space under one roof, is Phoenix’s first-ever 40-foot clear height, fully speculative industrial development, featuring dock and grade-level doors, trailer storage stalls, fiber optic data, and energy-efficient clerestory windows in lieu of skylights. The… [More]

Luxury Wing Debut at Scottsdale Fashion Square

by Mike Hunter

Scottsdale Fashion Square is showing how to make a grand entrance. What was an unobtrusive side of the mall partially hidden behind the old Camelview Theatres has been renovated as a wide courtyard fronted by — a staple amenity for a luxury destination — a valet stand, and leading to a striking, two-story glass entry… [More]

Scottsdale Fashion Square’s Past and Future

by Mike Hunter

Scottsdale Fashion Square has evolved incrementally as the retail industry — and the market — have changed since the property’s earliest days in the 1960s when it was a small, open-air center anchored by Goldwater’s department store. Highlights of many key changes over the years include building a two-story retail bridge to connect two separate… [More]

Downtown Grows ‘Up’

by Frank Bejarano

Downtown Phoenix may not be the densest of metros, but a construction boom is making prime land for development scarce. When developers can no longer build out, they go up. More than a dozen mid- and high-rise buildings are slated for the gaps in the Downtown Phoenix skyline over the next few years.  A few… [More]

Construction Hot on Arizona State University Property

by Mike Hunter

Novus Innovation Corridor is a 350-acre, multi-phased development in Tempe that, at completion, will encompass nearly 10 million square feet of urban mixed-use opportunities, including State Farm’s 2.1-million-square-foot Marina Heights regional hub. Strategically integrated with the ASU campus and downtown Tempe on Tempe Town Lake, the Novus Innovation Corridor is a partnership with the nation’s… [More]

Ambitious Redevelopment at Park Central Mall

by Mike Hunter

Peoria-based Plaza Companies and Tucson-based Holualoa Companies are teaming up to redevelop Park Central Mall, transitioning the project to a bustling community hub ideal for playing, working, congregating and celebrating the arts. The first 337,000 square feet of redeveloped office and retail space will be done in January 2019. The recent purchase of an additional… [More]

Upscale Hotel on Roosevelt Row 

by Mike Hunter

The Cambria hotel in Downtown Phoenix – Roosevelt Row Arts District has started construction and is set to open in late 2019. A collaboration between True North Studio, LLC, a Phoenix-based commercial real estate development company located in Phoenix, and Choice Hotels International, Inc., the seven-story, 127-room upscale hotel will feature a rooftop pool with… [More]