Grocery distributor taps Goodyear for warehouse center opening soon

ARTICLE BY KTAR.COM PHOENIX – One of the biggest suppliers of natural and organic foods in North America said it will open a distribution center in Goodyear with nearly 300 jobs available before the end of October. KeHe Distributors, a wholesaler to more than 30,000 stores and other retailers in the United States and beyond, […]
10.08.2021

Commercial Real Estate Grows in Arizona Despite Hits From COVID-19 Pandemic

PHOENIX- The COVID-19 pandemic sent a majority of the workforce home and out of the office, but that doesn’t mean commercial real estate in Arizona took a hit. “The perceptions of a negative market are pretty over-exaggerated at this point,” Jon Rosenberg, co-founder of LevRose Commercial Real Estate, told KTAR News 92.3 FM. He adds that […]
10.04.2021

Glendale Seeks To Annex 36 Acres For Mixed-Use Project With Commercial, Residential

  The city of Glendale is seeking to annex another 36 acres of land next to the Loop 303 for a proposed industrial, commercial and residential development. The site plans call for a mixed-use project on the southeast corner of Northern Avenue and Cotton Lane and could include three buildings totaling about 345,000 square feet […]
09.21.2021

Facebook To Kick Off $800M Phoenix-Area Project

The facility is envisioned as a sustainable showcase, using 100 percent renewable energy.   Facebook plans to expand its data center footprint to the state of Arizona with the opening of an $800 million project in the Phoenix area. The Facebook Mesa Data Center is expected to span approximately 960,000 square feet in Mesa and […]
09.09.2021

1.5 Million-Square-Foot Industrial Project Proposed for 100 Acres in Mesa

A proposed industrial project in Mesa would cover more than 100 acres and cost up to $150 million, if the project is approved by Mesa City Council.   The AirPark 202 project would consist of six buildings, totaling 1.5 million square feet of new “high-quality” industrial space. It is being proposed on the southeast corner of Warner […]
08.27.2021

How Return-to-Commuting Could Affect Return-to-Office — and Larger Office Market

Returning to office this fall — at least part of the time — for many employees will also mean a return to commuting.   Productivity has been a central topic in the ongoing remote work versus in-office debate. Proponents of a remote-first workplace say not having to drive or take a train for 30 minutes, […]
08.16.2021

Arizona Coyotes’ vision: Create a ‘Deer District’ around proposed Tempe arena

  The Valley’s National Hockey League franchise has been in search of a long-term arena solution for more than half a decade. That fix may finally be in focus. The city of Tempe wants a professional sports team to develop 46 acres of city-owned land that is currently a solid waste compost yard into a […]
08.16.2021

Economic diversification drives Phoenix metro economy

  Economic recovery is well underway. Employment in Phoenix metro is 75% recovered, with some industries surpassing pre-pandemic highs. Optimistic expectations from the Greater Phoenix Economic Council place full employment recovery in the third quarter of 2021. Employment is picking up faster than expected, with labor shortages being the largest hurdle to reaching pre-pandemic employment. […]
07.26.2021

Old Town Remains King

  All eyes remain on Old Town as a prime employment and redevelopment area in Scottsdale, even as other parts of the city, including the Scottsdale Airpark and the McDowell Road Corridor, emerge as heavy-hitters for attracting new development. Stockdale Capital Partners, led by Managing Principal Shawn Yari, has spent years buying up property in Old […]
07.23.2021

Single-tenant retail draws increased investor interest in Phoenix

  Despite a drop in overall commercial real estate investment volume in the Valley from the first quarter of 2020 to the first quarter of 2021, investment in net-leased assets increased 2.6% in the time period. Net-lease properties are generally leased to one tenant, with the tenant paying taxes, insurance and maintenance on the property, […]
07.23.2021

Here’s why Scottsdale and Tempe are experiencing a development boom

  While the COVID-19 pandemic may have curbed progress for a lot of businesses in the East Valley, construction showed no signs of slowing down. Massive multifamily housing communities, expansive business campuses, eye-catching mixed-use towers and luxury hotels are transforming the region’s skyline, and nowhere is that more evident than in Phoenix’s suburban neighborhoods of […]
07.23.2021

Greater Expectations: New Economic Opportunity in Arizona – Appraising our prospects as we emerge from the pandemic

  There is tremendous opportunity in Greater Phoenix to grow business and continue diversifying our economic and employment base that will bring opportunity for our residents and move our innovation-centered economy forward. Supporting this assessment, Chris Camacho, president and CEO of Greater Phoenix Economic Council, says, “To meet the increasing demand, buildings continue to go vertical […]
07.22.2021

2.7 million-square-foot office and industrial park proposed near Phoenix Goodyear Airport

  A massive office and warehouse park, called Airpark Logistic Center, planned near the Phoenix Goodyear Airport could begin rising this fall. The project will include five buildings along Yuma Road and Bullard Avenue in Goodyear totaling 2.7 million square feet on 170 acres, according to plans submitted to the city of Goodyear. The buildings, […]
07.12.2021

Economic development officials hope Suns’ success helps lure more companies to Phoenix

  The success and likability of Chris Paul, Devin Booker and the rest of the Phoenix Suns could help lure companies to open offices in the region — if not move their entire headquarters to Phoenix. Well, that is what economic development officials are hoping as millions of people tune in to watch the Suns play in the […]
07.09.2021

Construction begins on Phoenix redevelopment that includes Sam Fox hotel

  Construction is underway on the Grove, a 15-acre development that includes Sam Fox’s first hotel, Global Ambassador, along with the Phoenix Suns and Phoenix Mercury practice facility and will yield another 180,000 square feet of Class AA office space. Demolition on the site, located at 44th Street and Camelback, has been completed, along with initial site […]
06.25.2021

Investor buys 12 acres in Goodyear that could hold future commercial development

  An Arizona investor, who also recently opened the first dermatology practice in Buckeye, bought 12 acres of land in Goodyear that could be a good site for commercial development. “What’s attractive about this site is that the land around it is in escrow with homebuilders,” Anita Verma-Lallian, principal of Arizona Land Consulting, who worked with the […]
06.25.2021

Why Industrial Remains Healthy for These Four Markets

The sectors in Austin Seattle, Phoenix and Miami may be running at different temperatures, but the fundamentals suggest they’re not overheating.     Strong demand is likely to fill millions of square feet of industrial space now under construction, according to “Industrial Trends in Austin, Seattle, Phoenix and Miami,” a new report by CommercialEdge, a research and marketing […]
06.21.2021

Hospital groups partner to build freestanding pediatric hospital in Glendale

  Phoenix Children’s is going big in the West Valley. On the heels of investing $33.5 million to build a freestanding emergency department in Avondale, the pediatric hospital system is investing another $134.7 million to build a 3-story hospital in Glendale. The 180,000-square-foot hospital and 45,000-square-foot multispecialty clinic will be built on the north side of […]
06.17.2021

8 Metro Phoenix data center developments to watch

  Metro Phoenix data center development continues to surge, particularly in Goodyear, which is quickly becoming a technology hot spot. And the growth doesn’t appear to be slowing. Last year, Amazon bought 91 acres of land in Goodyear for $19.85 million, with talk of building a data center to help with its exploding Arizona presence. […]
06.15.2021

Here are the trends shaping senior living development

  America is aging. According to the U.S. Census Bureau’s National Population Projections, in the next few decades, 1 in every 5 residents will be older than age 65, a number that’s projected to outpace those younger than 18 for the first time in history. “There are 10,000 people turning 65 every day in our […]
06.14.2021

LevRose Commercial Real Estate/TCN Worldwide Welcomes Branden Mondragon to Brokerage Team

  LevRose Commercial Real Estate is proud to announce and welcome Branden Mondragon as the firm’s newest Advisor to join the brokerage team. After obtaining a BSBA in Finance from the Hasan School of Business and playing baseball at CSU-Pueblo, Branden began his real estate career working with investors in Colorado. After moving to Arizona, […]
05.18.2021

Phoenix Tops US in Net Migration For Third Straight Year

With a population of just over 5 million people, Phoenix is the 10th largest metropolitan area in the country. (Getty Images)   Phoenix has maintained its ranking as the top metropolitan area in the nation for net migration for a third consecutive year, according to the latest data from the U.S. Census Bureau. Multifamily landlords […]
05.07.2021

Phoenix among top US cities where millennials are moving

  Millennials are moving to the Valley of the Sun in droves. Phoenix ranks No. 3 among top cities where millennials are moving, according to a new study by SmartAsset. The report is SmartAsset’s fifth annual study analyzing Census Bureau data on migration patterns of people between the ages of 25 and 39. As millennials move out […]
04.08.2021

In a cool year for Valley office market, sales and leases heated up in the fourth quarter

  Despite a slow year for office real estate, the biggest investment sale and largest lease since the pandemic began took place in the fourth quarter of 2020. Office investment in the fourth quarter hit $570 million, nearly reaching the total amount of investment sales that took place in the first three quarters combined, which […]
02.15.2021

JFQ Lending Executes 125,000 SF Corporate HQ relocation Cementing the largest Arizona Office Lease of 2020

  Scottsdale, Arizona (January 14, 2021) – JFQ Lending, a Scottsdale-based Mortgage Company, executed a long-term deal in Q4 2020 for their new 125,000-square-foot Corporate Headquarters located at 7720 N. Dobson Rd., Scottsdale, AZ 85256. Zak Kottler and Joe Cosgrove of LevRose Commercial Real Estate represented JFQ Lending in what was the largest new office […]
01.18.2021

LevRose Commercial Real Estate Expands Service Offerings to Include Multi-Family Investment Sales

Acquisition of 75-unit investment property brings growth to LevRose portfolio.    Scottsdale, Arizona (December 21, 2020) – Scottsdale-based brokerage LevRose Commercial Real Estate is expanding its service offerings to include multifamily investment sales, and announced the closing of its first multifamily deal. Pueblo Springs Holdings LLC, an investment group based in Vancouver, Washington, bought the […]
12.21.2020

Latest Sam Fox Restaurant Opening Breaks Record, Even Amid Pandemic

  One of the Valley’s most prominent restaurateurs was able to break records when opening a new restaurant in mid-October. The latest location of Sam Fox’s Culinary Dropout opened in the Scottsdale Quarter shopping center. Fox Restaurant Concepts, which was purchased by The Cheesecake Factory Inc. (Nasdaq: CAKE) in 2019, has been working on this location for a […]
11.05.2020

Lagoon water park, entertainment venue headed to West Valley

  A beach party in Arizona might not be such a wacky idea in a couple of years, because Glendale will soon be home to an 11-acre beach lagoon, planned to include scuba diving, windsurfing and water jet packs as part of a 48-acre entertainment destination. “From day one we felt this would be the […]
09.10.2020

Central Arizona Supply Unveils Plans to Renovate Historic Potato Barn in Gilbert

  A fourth-generation, Mesa-based family business is moving forward with its plans to renovate and expand the iconic Old Potato Barn in Gilbert, breathing new life into the 54-year-old barn that once housed the area’s potato supply. In June, the City of Gilbert approved plans for The Higley Barns, a multimillion-dollar, adaptive, mixed-use development that will […]
09.10.2020

Mesa to be home to largest privately-owned multisport facility in the country

  Construction is set to begin on a humongous sports facility in the Southeast Valley. Legacy Cares Inc., an Arizona based nonprofit organization, closed last week with boutique investment bank Ziegler on $250.77 million financing to build the family sports and entertainment complex in southeast Mesa. The development, which will be called Legacy Sports Park, […]
09.08.2020