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New RFP Could Hasten Coyotes’ Move to Tempe

A request for proposals issued by the City of Tempe last week appears to be the latest development in the Arizona Coyotes’ years-long drive to leave Gila River Arena ...
95KSF Industrial Development Proposed for Avondale

As e-commerce continues to rise, the need for industrial development becomes greater and Arizona’s West Valley is one of the top areas where developers are flocking to in order to fill that need ...
Gilbert Seeks Developer for South Anchor Mixed-Use

The Town of Gilbert recently issued a Request for Proposals for a development firm ...
Pre-solicitation Issued for San Luis Port of Entry

The General Services Administration has recently issued a pre-solicitation for the first phase of the San Luis I Land Port of Entry project ...

Planned Water Park Advances in Maricopa

May 21, 2021 5

A major family entertainment center and water park in Maricopa moved a step closer to reality last week. Maricopa City Council unanimously approved the sale of 59 acres and the lease of another 12 to …

Cavan Companies Proposes “Bungalows” in Gilbert

December 17, 2019 3

By Tasha Anderson for AZBEX Scottsdale-based Cavan Companies is looking to add another “Bungalows”-branded multifamily community to Arizona, this time in Gilbert. Plans were submitted to the Town of Gilbert and were discussed at the …

418-unit Multifamily Project Planned for Goodyear

April 20, 2021 3

By Tasha Anderson for AZBEX A new multifamily development is being planned within the Canyon Trails PAD in Goodyear on a site that is currently being used for agricultural production. Developer, Aviata, LLC is requesting …

Commercial Real Estate News 07-20-21

July 20, 2021 0

Sales Transactions 1. Federal Realty Investment Trust purchased the Camelback Colonnade, a shopping mall at 4724 N. 20th Street, Phoenix, for $162.5M. The seller was RED Development. 2. Decron Properties purchased Aura on Broadway, a multifamily community at 1221 E. Broadway Road, Tempe, for $64.75M. Brass Enterprises was the seller. 3. Kohlberg ...
Commercial Real Estate News 07-13-21

July 13, 2021 0

Sales Transactions 1. Sunroad Enterprises purchased Parcland Crossing, a 383-unit multifamily community at 800 W. Willis Road, Chandler, for $125M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, PrivatePortfolio Group. 2. A partnership between Highgate ...
Commercial Real Estate News 06-29-21

June 29, 2021 0

Sales Transactions 1. Sares Regis Group purchased Level at Sixteenth, a 240-unit, mid-rise apartment community at the intersection of 16th Street and Camelback Road, Phoenix, for $69.1M. Steve Gebing and Cliff David with Institutional Property Advisors (IPA), a division of Marcus & Millichap, procured the ...

Phoenix Area Office Market Stabilizing

July 27, 2021 0

By Colliers in Arizona The pandemic’s impact on the Greater Phoenix office market appears to have passed its peak with the market stabilizing in second quarter. Sublease space additions to inventory have slowed and the …

Builders Can’t Expect Lower Lumber Prices

July 23, 2021 0

After hitting a record high of $1,670.50 for 1,000 board feet in May, lumber futures contracts had dropped 68 percent to $536 by July 16th. So when will those lower prices start to show up …

LMS Discusses Office & Retail Markets

July 20, 2021 0

By Tasha Anderson for AZBEX COVID-19 definitely slowed certain markets down in 2020. Retailers briefly shut down and employers closed offices to allow their employees to work from home; however, the Phoenix office and retail markets are certainly not …

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New RFP Could Hasten Coyotes’ Move to Tempe

95KSF Industrial Development Proposed for Avondale

Gilbert Seeks Developer for South Anchor Mixed-Use

Pre-solicitation Issued for San Luis Port of Entry

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New RFP Could Hasten Coyotes’ Move to Tempe

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