Levrose In The News

Developer Breaks Ground on Three Valley Self-Storage Projects

Abernathey Holdings, based in Mesa, Arizona, has expanded its self-storage presence in the Phoenix metro area with three new projects following the success of its first facility in Gilbert in 2022. In partnership with billionaire Gary Tharaldson, these new Public Storage-branded developments include a 122,757-square-foot facility in Laveen, an 111,087-square-foot facility in Goodyear, and a …

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Buck & Rider Parent Company to Launch New Eatery Brand in Scottsdale

Hi Noon Hospitality, known for Buck & Rider and Ingo’s Tasty Food, has leased a location in Old Town Scottsdale for a new seafood-focused restaurant, set to open in fall 2025. The restaurant, located near Scottsdale Civic Center park, will feature a coastal southern European seafood concept with an inviting atmosphere and scenic park views. …

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17.2-Acre Tex Industrial Project Under Construction in Goodyear

Stevens-Leinweber Construction (SLC) is building Tex Industrial, a 17.2-acre project within the PV303 business park in Goodyear, Arizona, for Merit Partners Inc. This development includes two Class A industrial buildings: a 100,737-square-foot North building and a 132,475-square-foot South building, featuring 36’ clear heights, 60’ speed bays, and secured truck courts. Together, the buildings offer a …

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An Entertainment Complex Is Coming To Surprise; Plus 8 More Deals To Know

Happy Joe’s Pizza & Ice Cream is set to open its first Arizona location in Surprise in the second or third quarter of 2025, with a second store planned for Oro Valley. The Surprise store will be part of a larger family entertainment complex and is expected to create over 50 jobs. Rehrig Pacific Co. …

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50-Acre Mixed-Use Campus Proposed in North Phoenix

A new mixed-use development is proposed in North Phoenix along the Loop 101, featuring luxury housing, office space, hotels, and retail options. The project encompasses 50 acres and includes plans for 1,300 residential units, 300 hotel rooms, and significant retail and office space, currently awaiting zoning approval from the city. Designed to enhance housing availability …

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Town Approves 23.32-Acre Carefree Quarter Project

A major development project spanning 23.32 acres in Carefree has started after a unanimous vote by the Town Council to move forward with finalizing the development agreement. The area, which has long been sought after for new development, will include retail, dining, and entertainment spaces. The developers and leasing partners are working closely with the …

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Mesa Approves Rezoning, Development Deal for Gateway Auto Mall

Mesa City Council has approved multiple measures to support the new Gateway Auto Mall, a 60-acre development project at Signal Butte Road and State Route 24. This approval includes rezoning, a development agreement, and pre-annexation steps, paving the way for an auto dealership hub in the southeast area near the Mesa and Queen Creek border. …

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Sprawling Glendale Entertainment Resort Passes Zoning Hurdle

Glendale’s planning and zoning commission has recommended approval for new zoning and a general plan amendment to support the $1 billion VAI Resort development. This decision replaces a previously approved development plan, expanding the project across nearly 70 acres and adding new land to the original proposal. At the Oct. 24 meeting, traffic flow and …

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Surgery Center Built in Tempe, Whole Foods Opens New Valley Store, Plus 6 Other Deals to Know

Whole Foods Market opened a new 50,358-square-foot store on Oct. 16 at the $2 billion PV redevelopment project, replacing its previous Paradise Valley location. The new store, 50% larger than the old one, offers expanded services like a full-service coffee and juice bar. Kraus-Anderson Phoenix also completed a $3.2 million build-out of an ambulatory surgery …

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Mixed-Used Center Proposed Along Prime Site in Casa Grande

Arizona Land Consulting acquired 600 acres along Interstate 10 in Casa Grande for $38.1 million, outbidding several other developers. The firm plans to rezone the property from urban ranch to mixed-use, including multifamily housing, light industrial, and commercial development. This site, located near the Promenade at Casa Grande, will support the city’s employment growth and …

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This Pinal County City Is Ready for Its Economic Development Spotlight

Maricopa, a city of 75,000 located south of Phoenix, is set for major economic growth with several large projects in development. The city is planning new innovation and industrial corridors, as well as expanding multifamily and retail developments, aiming to keep residents living and working locally. One of the biggest initiatives is a 1,000-acre business …

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Tri Pointe Homes Expands Scottsdale Office Footprint; Other Tenants Hop Onboard

Tri Pointe Homes is expanding its office space at Gainey Center II in Scottsdale, moving from a 14,700-square-foot second-floor office to a nearly 34,000-square-foot space on the third floor. This move follows their initial lease six months ago and is part of a broader leasing activity in the building. Other tenants, including Affordable Contractors Insurance …

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Construction Begins on Goodyear Civic Square Medical Building

A new Class-A medical outpatient building is being constructed at Goodyear Civic Square, scheduled for completion by Q3 2025. The 62,475-square-foot, three-story building will be home to Banner Health, offering services such as primary care, orthopedics, cardiovascular care, and on-site labs. This project is part of Goodyear’s larger vision for a new downtown area, bringing …

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Monogram Health Inks Direct Lease for Long-Term Tempe Town Lake Office

Monogram Health Inc. signed a five-year lease to occupy 26,042 square feet at Hayden Ferry Lakeside II in Tempe, Arizona, transitioning from a sublease previously held by Gen Digital Inc. The office will serve as the company’s call center and operations hub, supporting its national expansion efforts. Since opening its initial hub in 2021, Monogram …

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Phoenix Developer Invests $100M to Buy and Renovate Iconic Resort

Phoenix-based Pivotal Group is investing $100 million to purchase and renovate the Hilton Phoenix Resort at the Peak, a property originally developed in 1977. Pivotal acquired the resort for $39.5 million from Fortress Investment Group, which had bought it in 2019 for $51.35 million. The resort, formerly known as The Pointe at Squaw Peak, was …

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Phoenix Defies Trends to Lead U.S. in Industrial Development

Phoenix leads U.S. industrial development in 2024, with 36.8 million square feet under construction and 10.6 million square feet starting this year, the most of any market. Southern California continues to command the highest industrial rents, with Orange County and Los Angeles far exceeding the national average of $8.11 per square foot. The Inland Empire …

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Developer Hopes to Strike a Chord with New Mesa Entertainment Venue The Nox

The Bongiorno family, founders of the Potato Barn furniture chain, is planning to open The Nox, a new live music and entertainment venue in southeast Mesa, near Phoenix-Mesa Gateway Airport. The 60,000-square-foot, two-story venue will hold up to 2,000 concert-goers and host a variety of events, including concerts, corporate gatherings, weddings, and dance events. The …

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Metrocenter $850 Million Redevelopment Plans Firm Up

The redevelopment of Metrocenter in Phoenix, called the Village, is moving forward with plans for 140,000 square feet of new retail space as demolition of the 50-year-old mall begins. The $850 million project will feature affordable housing, retail, restaurants, and entertainment around a public park and plaza. The updated plan includes 1,100 to 1,940 residential …

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Scottsdale Approves Development Agreement for ASM’s New Flagship Facility

Advanced Semiconductor Materials (ASM) received approval from Scottsdale City Council for a development agreement to build its new North American headquarters. The agreement includes a reimbursement of up to $6.35 million for public infrastructure, contingent on ASM meeting specific performance requirements, including creating 500 jobs with an average wage of $110,000 within six years. ASM’s …

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Phoenix No. 2 In Nation For Planned Data Center Growth

The demand for data storage in Phoenix is rising, driven by cloud services and AI, with developers flocking to the area due to available land, power, and lower costs. In the first half of 2024, 337 megawatts of capacity were absorbed, though this was lower than late 2023 due to limited inventory. Currently, only 20 …

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Imagine Learning Opens HQ With Full-Floor Office Lease In Tempe

Imagine Learning has opened its new flagship office in Tempe, Arizona, occupying the entire 17th floor of the 100 Mill tower, a 31,000-square-foot space. The company relocated from Scottsdale and now has around 350 Arizona-based employees, with flexible office designs and booking tools for workspace reservations. The move to Tempe was driven by proximity to …

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Pure Pickleball & Padel Beefs Up Plans For Flagship Location Near Scottsdale

Pure Pickleball & Padel is expanding its plans for a signature pickleball and padel venue near Scottsdale, increasing its size from 108,000 to 186,000 square feet. The facility, set to be located on Salt River Pima-Maricopa Indian Community land, will feature 48 pickleball courts, two padel courts, and a 5,000-person championship court. It will include …

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Edged Energy Starts Construction on Southeast Mesa Data Center Campus

Edged Energy is developing a 12-acre, 210,000-square-foot data center campus in Mesa, Arizona, expected to be completed by late 2025. The facility, located near Phoenix-Mesa Gateway Airport, will provide 36 megawatts of power to support high-density artificial intelligence and digital data processing, using water-free cooling technology to address local water scarcity. Mesa has emerged as …

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Home Depot Closer to Opening New West Valley Stores

Home Depot is moving ahead with plans for new stores in Surprise and Buckeye, two growing cities in western metro Phoenix. In June, it received a building permit for a 109,651-square-foot store with an attached garden center in Surprise, where it bought 18 acres for $8.4 million. This store will be near a Fry’s-anchored shopping …

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Phoenix Moves Ahead of Silicon Valley in Data Center Supply

Metro Phoenix’s data center capacity grew by 150.8 megawatts (MW) in the first half of 2024, increasing its total inventory to 510.0 MW, a 44% year-over-year rise. This pushed Phoenix ahead of Silicon Valley, making it the fourth largest data center market in North America. With 334.3 MW under construction, Phoenix’s growth shows no signs …

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Phoenix Apartment Deal Among Region’s Largest of Past Year Amid Recovering Demand

Covenant Capital Group acquired the 472-unit Pearl Biltmore apartment complex in Phoenix for $152 million, making it one of the region’s largest multifamily property sales of the past year. The purchase price averages about $322,000 per unit, significantly above the area’s average of $267,000 per unit. The property, located in the upscale Biltmore neighborhood, is …

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Magna’s Massive Mesa Factory to Assemble Waymo Vehicles

Magna International is partnering with Waymo, a subsidiary of Alphabet Inc., at its new manufacturing facility in Mesa, Arizona. The facility will integrate Waymo’s fully autonomous driving technology into electric Jaguar SUVs as part of Waymo’s expansion. Magna is developing a 230,000-square-foot space in Mesa’s Power Industrial Park for this purpose. Waymo has been expanding …

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West Valley Mixed-Use Project Proposed Along Loop 101

Developers are eyeing vacant sites around Glendale’s sports and entertainment district and the Loop 101 for new projects. A mixed-use development has been proposed by SimonMed’s CEO, John Simon, for 20 acres south of St. Joseph’s Westgate Medical Center, including 239 multifamily units and 13,000 square feet of commercial space. The Glendale planning commission has …

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