Panelists at the recent NMHC 2022 Apartment Strategies Conference noted the surge of Build-to-Rent development nationwide and discussed the state of other building types as well, but labor, or the lack of it, was a …
By Roland Murphy for AZBEX Developers have added two new proposals to Avondale’s rapidly growing list of private projects in development. Since DATABEX launched in 2016, 50 private project requests of more than $5M have …
By Roland Murphy for AZBEX Even though economic development officials can (and should) continue to tout the fact that the cost of living in Arizona is significantly less expensive than it is in California as …
Longstanding plans for two malls in Goodyear will be scrapped and replaced with new ideas that better address the needs of the current market. Developer Westcor, now part of Macerich, had announced plans for a …
By Roland Murphy for AZBEX Once known as a place where grandiose development visions went to fizzle out, where the cart routinely went before the horse and where developers’ and planners’ grasp often exceeded their …
By Roland Murphy for AZBEX Plans are underway for a major residential addition to John F. Long Properties’ Algodón Center in the West Valley. Western Garden is planned as a two-phase development that will ultimately …
Caliber Companies is planning a 12-building, 144-unit apartment development on 2.5 acres in Mesa. Commons of Mesa will be located on 2nd Avenue between Robson and MacDonald streets. The proposed mix is 48 one-bedroom and …
Hines and partner New York Life Insurance Company are teaming up to develop the 160-unit Build-to Rent community Enclave Point in Surprise. Construction on the 12.9-acre project is expected to start in Q4, with completion …
By Sterling Real Estate Partners Sterling Real Estate Partners recently acquired Hotel Tucson City Center in an off-market transaction with plans to convert the hotel into market-rate apartments. Originally built in the 1960s, the 278-unit …
By Roland Murphy for AZBEX The age-old equation of jobs + amenities + rooftops = highly charged regional growth is seeing a textbook example playing out in the area of Goodyear’s Ballpark Village. With the …
A new mixed-use development has been proposed at the NEC of Yuma Road and Estrella Parkway near Goodyear Ballpark. HCW Development intends to create Ballpark Village Northeast – a $150M project that will feature residential, …
By Roland Murphy for AZBEX As has been pointed out on these pages before, when a word is used to describe every situation in the news, it loses its impact. Specifically, when everything is a …
By Capital Asset Management Capital Development Group, the development wing of Capital Asset Management, has closed escrow on the first two of five Build-to-Rent projects. The first two projects are in Arizona cities most in …
Following a change in project plans by developer Lincoln Avenue Capital, LLC the Maricopa Planning & Zoning Commission recommended approval of a request of rezone 15 acres in the Seven Ranches to general mixed-use. LAC’s …
Northmarq’s Q3 2021 Greater Tucson Multifamily Report shows rents remained on a “steep upward trajectory,” as vacancy dipped 30 basis points during the quarter to settle at 4.1%. Q3 rents surged 6.1% following 8.5% spike …
A major general plan amendment approved this week by Goodyear City Council could open up residential and commercial development on a vacant 180-acre site near Goodyear Ballpark that was originally intended for a city center …
South Pier Tempe Holdings LLC (McBride-Cohen Management Group) plans to add a new $1.8B mixed-use development to Tempe Town Lake. The seven-phase, 15-year project will go on a 12.43-acre site on the north side of …
By Roland Murphy for AZBEX Another new luxury multifamily development may take the place of an under-utilized office development next to Kierland Golf Club under an initial submittal to the City of Phoenix. Icon Kierland, …
By Roland Murphy for AZBEX We have recently spent a great deal of time and space in this magazine detailing the rise in opposition to dense, tall development around the Valley, particularly in Scottsdale (AZBEX …
By Concord Wilshire, TLG Investment Partners and Hines via News Direct One of Phoenix’s most iconic properties is about to become the largest mall redevelopment project in Arizona history, transforming into a vibrant new addition …
Maricopa is seeing an explosion in residential development. A recent article from inMaricopa shows 15 individual projects totaling more than 20,500 units in various stages of planning and construction. Of those, nine are traditional single-family …
By Roland Murphy for AZBEX A new adaptive reuse project in Mesa could rehabilitate a vacant four-story medical office building and add a new three-story structure at 560 W. Brown Road that, when completed, would …
Pre-construction on the long-anticipated Central Station redevelopment at Central Avenue and Polk Street in downtown Phoenix should begin next quarter. The City of Phoenix approved development and lease agreements to renovate and revitalize the transit …
By Roland Murphy for AZBEX Much has been made about the Valley’s growth and the crisis-level need to add vastly more housing than we are currently delivering. Analysts put demand levels at between 15,000 and …
By Roland Murphy for AZBEX In our last issue, we looked at how development fatigue and resistance to the current pace of change in the Valley are harming housing affordability and putting the area economy …
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