SkyBridge Creates Opportunity to Grow Other Sectors
By Erin Thorburn for AZ Big Media Erik Lee, executive director for North American Research Partnership, summarizes the impact very succinctly. “SkyBridge is the most consequential Mexico-Arizona business project in this part of Arizona,” Lee states emphatically. SkyBridge marks the nation’s first inland air cargo hub to house a joint United States-Mexico customs facility. The recent groundbreaking […]
Experts Tout a Hot Arizona Market at Forecast Event
By Peter Madrid for Institute of Real Estate Management Greater Phoenix Chapter The theme of the 13th Annual IREM-CCIM Economic Forecast was “The Real Scoop.” Judging by the comments of economists and industry panelists, the message that resonated was “Phoenix and Arizona are on fire.” “Last year we talked about being late in the game […]
2020 CRE Outlook: How Phoenix Shapes Up
By Steve Burks for AZ Big Media Consistency may be boring, but when it comes to the commercial real estate outlook and the Greater Phoenix commercial real estate industry, no change is good for business. The United States is in what most economic experts feel are the latter stages of a growth cycle that is […]
Phoenix Office Market Remains Strong
Source: Colliers International in Arizona The Greater Phoenix office market remained strong through third quarter 2019 and remains in the Top Five metro areas for job creation in the United States. Since July, more than 14,000 new jobs have been announced, which will fuel demand and development of more office space. Third quarter 2019 was […]
Avondale Approves Master Plan Community
By Tasha Anderson for AZBEX The Avondale City Council approved an amendment to an existing development deal at its August 26th meeting for the 163-acre Parkside Village site at the SWC of Indian School Road and 99th Avenue. According to the city staff report, “The proposed amendment will redefine infrastructure improvements… modify the timing for […]
Scottsdale Approves Marquee Building in Old Town
By Lorraine Longhi for The Arizona Republic On Tuesday, Scottsdale narrowly approved Marquee, a 150-foot-tall office building planned for downtown, amid complaints that the project did not fit the aesthetics of Old Town or include enough parking. The approval highlights long-running clashes over development downtown. Marquee was approved in 2016 as a 90-foot-tall building to […]
TCC Phoenix Announces Axis Raintree
Source: Trammell Crow Company Trammell Crow Company (TCC) Phoenix has unveiled plans for its newest development, Axis Raintree. The project will include a 175KSF, three-story, Class A speculative office building with a structured garage. Construction is scheduled to begin in October 2019 and will be completed in 4Q 2020. TCC acquired the 8.24-acre site, located […]
Old Dominion Freight Rolls into Mesa
By Sammy Williams for AZBEX Old Dominion Freight Line, Inc. of Thomasville, NC announced plans to develop a 19-acre site located on the SEC of Crismon Road and Pecos Road in Mesa. The proposed project consists of a 5,450 square foot office building and 47KSF of warehouse space, which will serve as a cross dock […]
Light Rail Anniversary Casts Light on Area Growth
By Roland Murphy for Arizona Builder’s Exchange Despite ongoing challenges and concerns in various parts of the Valley, the economic growth generated as a byproduct of the Light Rail’s introductions and various expansions have proven impossible to deny. Valley Metro last week released, “Building Communities and Enhancing Lives: A Quality of Life Report,” detailing the […]
Nationwide’s $950M Mixed-use to be Called “Cavasson”
By AZBEX Staff for Arizona Builder’s Exchange Nationwide Realty Investors announced late last week its master-planned $950M, 134-acre mixed-use office development near Hayden Road and Loop 101 in Scottsdale will be named Cavasson. According to a press announcement from The Arizona Commerce Authority, the first phase “will include several commercial office buildings including the new […]