Luxury Multifamily Project Announced
Source: Hines International real estate firm Hines, along with a joint venture partner, announced it has closed on 11 acres to develop a 325-unit luxury for-rent residential property in north Phoenix. Hines’ multifamily property, located at the NWC of Happy Valley Road and 35th Avenue, will consist of six three-story buildings. An additional one-story building will include a clubhouse and fitness amenity that surrounds the pool. In total, Hines will develop 318KSF. Hines’ announcement comes on the heels of […]
Hines Announces New 2-Bldg. W. Valley Spec. Project
Source: Hines Hines, with funds managed by Oaktree Capital Management, L.P., has announced they have closed on the property for the future development of two speculative industrial buildings, each 569.5KSF in size, in Glendale. The project, located just off Loop 303 between Glendale Avenue and Bethany Home Road, will be known as G303 — short for Glendale 303. G303 will be a two-phase state-of-the-art industrial/logistics park, whose first phase will consist of 569.5KSF and feature 40’ clear height and 50’ by 56’ column spacing with 60’ […]
More Storage and RV Parking Coming to Tempe
By Adrienne St. Clair for Arizona Builder’s Exchange Hines is continuing its expansion into the high-end storage market with a planned 700 unit “mini-warehouse” and self-storage project — complete with RV parking — in Tempe. Traditionally known for office space development, the firm submitted a request for a use permit to the city back in […]
Zombies Rumbling Back to Life in DWTN PHX
By Roland Murphy for Arizona Builder’s Exchange Downtown Phoenix is about to be overrun with zombies, and the skyline will never be the same. Fortunately, these are the types of returns from the dead that developers and economic planners love to see. Two projects that languished at death’s doorstep for years have rumbled back to […]
Experts Weigh in on State of Development
By Roland Murphy for Arizona Builder’s Exchange Four commercial real estate and development leaders gave their predictions for what lies ahead in 2018 at Valley Partnership’s Friday Morning Breakfast program, Jan. 26. Following a brief address by Republican U.S. Senate candidate, and current congressional representative, Martha McSally, moderator Mark Detmer, managing director of JLL, introduced […]
Hines Signs JVA for Offices at Chandler Viridian
Source: Hines International real estate firm Hines has entered into a joint venture agreement with New York Life Real Estate Investors, on behalf of its institutional client, as its equity partner to develop the Offices at Chandler Viridian. The Offices at Chandler Viridian is a six-story, Class A office building with 250KSF of space located at the intersection of […]