Commercial Real Estate

Commercial Real Estate News 07-13-21

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

Trends

Partnership Planning New Valley Hybrid Health Facilities

By Anchor Health Properties   In collaboration with Intuitive Health and HonorHealth, Anchor Health Properties has recently commenced a local, long-term development and expansion initiative.   Through the addition of strategically located facilities in and around Phoenix, Anchor, Intuitive, and HonorHealth are focused on improving

Local News

Arizona Projects 07-09-21

Awards & Accolades  1. DWL Architects + Planners, Inc. (DWL) received the AIA Twenty-Five Year Award for the Burton Barr Central Library designed in collaboration with William Bruder Architects. Opened in 1994, the 280KSF five-story building is partially situated over a major interstate highway tunnel

Trends

Nonresidential Construction Spending Down in May

By Associated Builders and Contractors  National nonresidential construction spending declined 0.7 percent in May, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $784.5B for the month.  Spending

Local News

Arizona Projects 07-02-21

Awards & Accolades  1. Grange Park, the central amenity at the heart of Harvest Queen Creek, was honored with an Award of Merit for Best Community Amenity at the PCBC 2021 Gold Nugget Awards. Developed by TerraWest Communities in partnership with Brookfield