Phoenix Office Market Outlook
Source: JLL Despite a sluggish first half of 2020, the Phoenix office market showed signs of growth during the third quarter, posting just over 300KSF of positive absorption. The Chandler submarket led the way in Q3 with over 176KSF of net gains coming from the finance and insurance sectors. The Tempe submarket was a close second experiencing more than 100KSF of […]
Ariz. Maintaining Healthy $1B+ Project Count
By Rebekah Morris for AZBEX Arizona is the location of many planned mega projects, each valued at $1B+ total construction cost. Perusing DATABEX for a current list reveals 27 such projects. Come along as we recap the largest projects going on in the state. One caveat to mention upfront; Since BEX covers the commercial and infrastructure markets, single-family residential is specifically excluded. Also excluded are […]
RFP Issued for New ASU Multi-Purpose Sports Arena
By Tasha Anderson for AZBEX Arizona State University recently issued a Request for Proposal (RFP) for a company to enter into a long-term ground lease for the new Multi-Purpose Arena planned on 10 acres of the Novus Innovation Corridor in Tempe. The 5,000 seat multi-purpose arena will be located directly northeast of and will attach […]
Dual-branded, 259-Room Hotel Planned for Tempe
Source: Mortenson With construction already underway on a number of new projects, master developer Catellus Development Corporation (Catellus) announced it will bring a 259-room, dual-branded hotel to the Novus Innovation Corridor (Novus) in Tempe through a partnership with national developer and builder Mortenson. The eight-story hotel, located just north of the NEC of the intersection […]
First LMS of 2019 Discusses Higher Ed
By Tasha Anderson for Arizona Builder’s Exchange BEX Events kicked off the first Leading Markert Series of the New Year with a bang by discussing the Higher Education market. More than 100 attendees gathered at ASU Skysong 3 on Wednesday, February 6, for the sold-out event to gain insight into any upcoming projects as well […]
NOVUS Innovation Corridor Phase I to Begin
By Adrienne St. Clair for Arizona Builder’s Exchange Arizona State University and Ryan Companies have submitted a proposal to the City of Tempe to build the 777 Tower at Novus mixed-use office/retail building and central plaza on the NWC of Rural Road and University Drive. The new development will be in the first phase of […]
Public to See Tempe Character Area Plan
By Roland Murphy for Arizona Builder’s Exchange The City of Tempe will unveil the draft for its Character Area 3 plan to the public Dec. 5 at the Tempe Transportation Center, 200 E. Fifth Street. The plan details design guidelines and placemaking principles for the Downtown Tempe, Rio Salado | Town Lake, Arizona State University […]