Stockdale Capital Partners, a Los Angeles-based, vertically-integrated real estate investment firm, is committing over $20 million on a major renovation plan to finish converting Ilume Innovation Center in Scottsdale, Arizona to be
RED Development and Globe Corp. have formed a joint venture to build a 150-acre mixed-use development in the growing city of Goodyear, Ariz., that will create an upscale entertainment hub called GSQ, with
Hammers are pounding out a steady rhythm across metro Phoenix as developers — many of them making their market debuts — are constructing thousands more build-to-rent residences. About 12,100 units are
Blackstone through its affordable housing portfolio company, April Housing, and Dominium will develop Casa Azure, which will bring 196 new affordable housing units to Phoenix, AZ. Blackstone will provide
Student housing rents and pre-leasing set new records in March, according to the latest National Student Housing Report from Yardi Matrix. Rents increased 7% year-over-year in March to an average of $829 per bedroom, a record high
With arguably the best views in the Valley, nearby amenities and some of the region’s biggest and newest office buildings, Tempe Town Lake has become the top office destination in the Phoenix metro. Certainly the submarket’s lease rate is an indicator of that
CapRock Partners looks to move a hefty chunk of its industrial project pipeline in the Valley forward this year. By the end of 2023, the California-based industrial real estate development and investment firm expects to deliver more than 3 million square feet across projects in Chandler, Mesa and in
When you walk into The National in downtown Dallas, there’s a greeting table for an upstairs restaurant that offers guests a glass of champagne to prep them for their 40-story ride to dinner. Keep walking, and you’re in the lobby of a luxury hotel. Jump in the elevators and head up a few stories, you’re in the
Despite a sluggish start, 2022 ended on a positive note for both supply and demand metrics in the manufactured housing sector, a recent Northmarq report shows. Even with the fourth quarter being slower in terms of deliveries and investment activity, the U.S. manufactured housing market had
Wells Fargo & Co. warned about shakiness in the commercial real estate market and said it’s reviewing its more than $35 billion portfolio of office loans for ways to decrease risk. The lender has been boosting its allowance for credit losses on office loans for the past four quarters, Chief Financial Officer
The rise of e-commerce giants like Amazon and the convenience of online shopping have led to widespread pessimism about the future of traditional retail stores. Seeming to reinforce this bleak outlook are
Commercial real estate mortgage borrowing and lending totaled $816 billion last year, an 8% drop from 2021’s record $891 billion but a 33% increase from 2020’s $614 billion, according to
Seeing a demand in large users wanting to own their land outright, Trammell Crow Co. is approaching its latest East Valley deal a bit differently. Rather than build another speculative industrial park, Trammell Crow will get more than
Diversified Partners, the leading Scottsdale real estate brokerage and development company, announced the groundbreaking for its Mercy Center development project, located at 3635 S. Val Vista Drive in Gilbert, Ariz. The groundbreaking ceremony
Salt River Project and a Texas company are collaborating on a new battery storage project in Avondale that will help supply electricity at peak times such as early evening hours during the summer. Eventually, much of
RED Development revealed today a joint venture with Scottsdale-based Globe Corp. to build GSQ, a new more than 150-acre mixed-use development set to transform Goodyear as the city’s premier cultural hub featuring
The owner of Turf Paradise is negotiating the sale of the historic racetrack to a developer who hopes to continue horse racing on a temporary basis but ultimately plans to redevelop the property
A new industrial park by Minnesota-based Ryan Cos. will add to the growing number of industrial buildings in Pinal County. The firm is planning to develop a build-to-suit park across 122 acres and is marketing various opportunities for interested employers
HonorHealth has broken ground on a $170 million expansion project at its Deer Valley Medical Center that will add patient beds, operating rooms and key support departments. This expansion will allow
Phoenix wants to recycle wastewater into drinking water by the end of 2030 and share it with the Valley. The plan is to build an advanced water purification facility and treat, then reuse millions of gallons of wastewater that would
Multifamily rents increased slightly in March despite the nation’s economic challenges. According to the latest Yardi Matrix Multifamily Report, U.S. asking rents saw a $3 increase last month to $1,706, while year-over-year growth decelerated to
Senior housing occupancy rates have increased for the seventh consecutive quarter, according to a report by the National Investment Center for Seniors Housing & Care, which utilized data from NIC MAP Vision. Occupancy rates
With billions of dollars in federal funding up for grabs in coming months, Intel showed off construction progress at its Chandler campus, where nearly 30 cranes and thousands of workers are building two new
The latest number of cranes counted in downtown Phoenix is a significant jump from the low number seen over the past two years even as the Valley experiences the effects of continued construction cost increases. The new
Millennials make history — not only did they add the highest number of homeowners among all the other generations, but they did it in record time. In just 5 years, 7 million Millennials bought a place to call their own. This spectacular growth led to