Class A for Airport & Tempe

by Mike Hunter

Park Garden and Park Bridge at Fountainhead — 127,226 square feet and 164,785 square feet, respectively — is a recently renovated, two-building Class A office campus positioned to meet high demand for the Sky Harbor Airport and Tempe markets, but at a fraction of nearby rental rates. On-site amenities include Lucy’s Fountainhead Café and an… [More]

Desert Ridge Marketplace Renovation

by Mike Hunter

Phoenix-based Vestar has commenced the renovation of its shopping center Desert Ridge Marketplace in north Phoenix, which, opened in 2001, served as the cornerstone in generating the Desert Ridge master plan. The $15-million overhaul will include new furnishings and fixtures, an artistic landscape design, a new brand look and feel and a robust calendar of… [More]

Camelback Corridor Office/Hotel Development

by Mike Hunter

Located on Camelback Road between 28th and 29th Streets, in the heart of Phoenix’s Biltmore Financial District, Camelback Collective will be comprised of a 120,000-square-foot, Class A mid-rise office building, a 160-room AC by Marriott hotel, and surface and subterranean parking. Graycor Construction Company will lead the design-build construction for Las Vegas-based developer LaPour Partners. The office building… [More]

Luxury Rentals Hot

by Mike Hunter

The City of Phoenix was one of the 75 largest U.S. cities included in a market report from RENTCafé that tracks apartment rental rates. It clocked a 7.3 percent growth rate, which placed it No. 12 on the cities with the fastest-growing rents. Mesa topped that, with its 9.7 percent rent increase making it the… [More]

PV Adds Destination

by Mike Hunter

The overwhelmingly residential community of Paradise Valley will soon offer a new resort, Mountain Shadows. Completely rebuilt from the ground up by Westroc Hospitality and Woodbine Development, Mountain Shadows will feature 183 modern guest rooms, including a presidential suite facing Camelback Mountain. An additional wing with 42 resort condominiums and suites will open in fall… [More]

New Restaurant and Retail

by Mike Hunter

WINLEE Development, the real estate development division of locally based investment firm Winfield Lee Investments, has commenced construction on Chandler Viridian PRIMEGATE at Fashion Square. PRIMEGATE is the 24,000-square-foot distinctive restaurant and retail component of the 25-acre Chandler Viridian mixed-use project being developed by the consortium of Hines, Alliance Residential, Concord Hospitality and WINLEE. The… [More]

Artistically Thriving

by Mike Hunter

Desert Viking Development’s new project, The Blocks of Roosevelt Row, will see the adaptive reuse of three bungalow-style homes and the prominent Flowers building, and construction of a new, three-story commercial building. The project to revitalize a portion of the Roosevelt Row Arts District is set to be completed in fall 2017, with portions delivering… [More]

First Post-Recession Medical Office Spec 

by Mike Hunter

The Arrowhead Orchards medical office development in Glendale is the first MOB spec project in the Valley since the recession. The property owner, Arrowhead Health Center, LLC, an entity affiliated with Legend Real Estate Management, Inc., has begun developing 22,700 square feet of new product. CBRE’s Vince Femiano, who, with Katie Kelley, will be responsible… [More]

Walmart Supercenter Rises at Metrocenter Mall 

by Mike Hunter

Construction began at Phoenix’s Metrocenter Mall this past summer on a Walmart Supercenter. The approximately 148,000-square-foot Walmart, slated to open next spring, represents the single largest capital investment in Metrocenter Mall in decades. Metrocenter Mall opened in 1973 as the biggest shopping center in Arizona and one of the largest nationwide. Recent years saw Metrocenter… [More]

Ak-Chin Casino Expands 

by Mike Hunter

The Ak-Chin Indian Community has broken ground on a multi-million-dollar expansion of Harrah’s Ak-Chin Casino that will include a spa, a conference center with multi-use ballroom space, a parking garage, additional restaurants and more than 200 additional rooms. According to Robert Livingston, general manager of Harrah’s Ak-Chin Casino, this expansion will not only increase room… [More]