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Cavasson

Senior Living, Apartment Complex Among Next Planned In North Scottsdale Cavasson Project

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A residential health care facility and a 400-unit apartment complex are among the next planned developments at Cavasson, the master-planned development in north Scottsdale. Vi at Cavasson will include a four-story main building several other buildings with villas and amenities, according to documents submitted to the city of Scottsdale. The plans call for the facility …

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Planning Panel to Consider Entertainment District Plan

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A proposed redevelopment of much of downtown Scottsdale’s Entertainment District will go before the city’s Planning Commission on Tuesday, Oct. 27. The Scottsdale Collection would replace a handful of bars, clubs and office space with 580,000 square feet of commercial space, hundreds of apartments and hotel rooms and buildings as tall as 150 feet. The …

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Grocery distributor taps Goodyear for warehouse center opening soon

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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, …

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

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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 …

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Glendale seeks to annex land

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

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  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 …

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Facebook data center in Mesa

Facebook To Kick Off $800M Phoenix-Area Project

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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 …

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Mesa industrial project

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

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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 …

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Return to office commute

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

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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, …

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Coyotes hockey player

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

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  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 …

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Phoenix skyline

Economic diversification drives Phoenix metro economy

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  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. …

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Single tenant net-leased retail property

Single-tenant retail draws increased investor interest in Phoenix

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  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, …

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Development boom in Scottsdale and Tempe

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

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  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 …

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Economic opportunity in Arizona

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

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  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 …

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Development near Phoenix Goodyear airport

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

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  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, …

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Phoenix Suns

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

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  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 …

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Rendering of the Grove

Construction begins on Phoenix redevelopment that includes Sam Fox hotel

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  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 …

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Investor buys land in Goodyear

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

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  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 …

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Healthy industrial markets - Austin, Seattle, Phoenix, Miami

Why Industrial Remains Healthy for These Four Markets

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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 …

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Phoenix Children's Hospital

Hospital groups partner to build freestanding pediatric hospital in Glendale

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  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 …

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Iron Mountain

8 Metro Phoenix data center developments to watch

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  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. …

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Mirabella at ASU sits on university land and caters to adults ages 62 and older who wish to maintain an active and intellectually stimulating lifestyle.

Here are the trends shaping senior living development

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  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 …

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Branden Mondragon joins LevRose/TCN

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

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  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, …

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Phoenix tops net migration

Phoenix Tops US in Net Migration For Third Straight Year

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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 …

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Phoenix among top US cities where millennials are moving

Phoenix among top US cities where millennials are moving

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  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 …

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Valley market heats up in Q4

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

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  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 …

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

JFQ Lending

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

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  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 …

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LevRose CRE Multifamily

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

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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 …

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New Sam Fox restaurant

Latest Sam Fox Restaurant Opening Breaks Record, Even Amid Pandemic

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  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 …

Latest Sam Fox Restaurant Opening Breaks Record, Even Amid Pandemic Read More »

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