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]

Phoenix Sets Strong Pace in Data Center Market

by Mike Hunter

According to the new U.S. Data Center Trends Report released by CBRE this past September, tight supply in major U.S. data center markets, including Silicon Valley, has led occupiers to expand into Phoenix. We now have record levels of data center construction underway — 61.4 megawatts (MW) currently under construction, with more than 120 MW… [More]

Chandler Corporate Center Completed

by Mike Hunter

VanTrust Real Estate’s recently completed Chandler Corporate Center is a 117,000-square-foot office that can support more than 700 jobs. Located at 350 N. McClintock Drive, the building is adjacent to Chandler Fashion Square, and is easily accessible from the Loop 202 South Mountain Freeway and the Loop 101 Agua Fria Freeway. Developed by VanTrust on… [More]

Optima Kierland Offers Customizable Condos

by Mike Hunter

With expected completion in 2020, Optima Kierland broke ground this summer on the second tower of its condominium homes, across from Scottsdale Quarter. Floorplans in the 12-story tower range from approximately 776 to 2,704 square feet, and customization is available floor-to-floor and wall-to-wall; uniquely, residences can be combined both vertically and horizontally. New amenities include… [More]

Tempe to Gain a Canopy by Hilton

by Mike Hunter

Driftwood Acquisitions & Development broke ground in September on Canopy by Hilton Tempe Downtown University Area, located in the heart of Tempe across from Arizona State University. The 14-floor, 198-room hotel — a lifestyle brand that embraces its locale to provide guests with authentic and unique local experiences — is slated to open by January… [More]

Riding the Pine: How to Manage Rising Construction Material Costs

by Chris Hundelt

Commercial building is at a high point in Phoenix, and it has never been more exciting or challenging to be in the industry. Federally imposed tariffs — some as high as 25 percent — are making waves in commercial real estate, but it is just one of many contributing factors to the rise in construction… [More]

Innovative Design Concept for Deer Valley Industrial Park

by Mike Hunter

TTR Industrial Park, a 12-acre project east of the Deer Valley Airport, is being designed with all metal buildings that have an emphasis on contemporary architectural design. The design vocabulary focuses on the clean and crisp architectural surface and qualities of metal buildings that maintain their allegiance to several benefits over other construction methods, namely… [More]