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Sky Harbor Goes Solar; Spring Debut Set for Affordable Complex

Sky Harbor Goes Solar; Spring Debut Set for Affordable Complex

By Alex Girda, Associate Editor The sun shines on Phoenix about 310 days every year, and Sky Harbor International Airport is the latest location to turn the rays into electric power. A recently completed installation of 16,000 photovoltaic panels (pictured below) will yield 5.4 megawatts—enough to meet 51 percent of the…

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Parkview Properties Pays $86M for a Second Tempe Tower

Parkview Properties Pays $86M for a Second Tempe Tower

By Alex Girda, Associate Editor Less than a year after buying a neighboring property, Parkway Properties Inc. closed on the $86 million acquisition of Hayden Ferry Lakeside II in Tempe, Ariz. Completed in 2007, the 12-story, 300,000-square-foot building is part of [...]…

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Pillar Pays $45M for Apartment Complex; Archway Takes 3 MOBs

Pillar Pays $45M for Apartment Complex; Archway Takes 3 MOBs

By Alex Girda, Associate Editor The Phoenix multi-family market has recorded its latest major trade with Pillar Communities’ acquisition of the San Portella apartment complex in Tempe. The 308-unit residential complex traded for a total of $45.1 million or $146,428 per [...]…

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Condos May Rise on Medical Office Parcel; Simon Nears Deal on Site for Outlet Mall

Condos May Rise on Medical Office Parcel; Simon Nears Deal on Site for Outlet Mall

By Alex Girda, Associate Editor The current site of a medical office building near the Paradise Valley Mall may be transformed into a multi-family development. Cachet  Homes is eyeing a 4.5-acre parcel at 4232 East Cactus Road for a 200-unit condominium [...]…

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Kimco, TriGate Capital Buy Retail Assets

Kimco, TriGate Capital Buy Retail Assets

By Alex Girda, Associate Editor Making its initial foray into the Phoenix metropolitan market, TriGate Capital has recently completed the $26.8 million acquisition of a six-property retail portfolio, a Cassidy Turley BRE Commercial press statement shows. Ranging in size from 40,000 [...]…

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Whitestone REIT Pays $29M for Scottscale Retail Center

Whitestone REIT Pays $29M for Scottscale Retail Center

By Alex Girda, Associate Editor In a $28.8 million deal, Westwood Financial Corp. has sold a 113,000-square-foot community center in Scottsdale to Houston-based Whitestone REIT, the Phoenix Business Journal reported. For Whitestone, the deal marked the REIT’s seventh acquisition in the [...]…

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Mayo Clinic Breaks Ground on $183M Cancer Treatment Center

Mayo Clinic Breaks Ground on $183M Cancer Treatment Center

By Alex Girda, Associate Editor The Mayo Clinic has broken ground on a $183 million cutting-edge cancer treatment center in Northeast Phoenix, the Arizona Republic reports. The facility is one of a pair planned by the medical institution, along with a [...]…

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Dick’s Picks Goodyear for $40M Distribution Center

Dick’s Picks Goodyear for $40M Distribution Center

By Alex Girda, Associate Editor Dick’s Sporting Goods is set to kick off construction this month on a $40 million distribution center in the Phoenix suburb of Goodyear. The giant retailer is building a 600,000 square-foot warehouse at the PV303 business park. [...]…

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Summit Condos Trade Up; City Looks to End CityNorth Development Contract

Summit Condos Trade Up; City Looks to End CityNorth Development Contract

By Alex Girda, Associate Editor Summit at Copper Square recently moved 74 of its unsold condos. The units traded for the average amount of $171,000 after initially being listed between $300,000 and $1.2 million. The per-unit amount brings the transaction total [...]…

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Tempe Landmark Will Be Given A New Life After 14 Years of Disuse

Tempe Landmark Will Be Given A New Life After 14 Years of Disuse

By Alex Girda, Associate Editor One of Tempe’s most troubled landmarks is getting a much-needed makeover after 14 years of abandon. The Hayden Flour Mill is one of the area’s iconic images and it is finally going to capitalize on the [...]…

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Massive Office Campus Set to Arrive; Westgate Finds New Management

Massive Office Campus Set to Arrive; Westgate Finds New Management

By Alex Girda, Associate Editor An 844,000 square-foot office park is coming to Phoenix on a 24-acre site located at the corner of Chandler Boulevard and Loop 101. The massive development, tentatively dubbed Chandler 101 is the work of architecture firm [...]…

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University Athletic Facilities District Created; Multifamily Market Very Much Alive

University Athletic Facilities District Created; Multifamily Market Very Much Alive

By Alex Girda, Associate Editor Phoenix is well underway to become one of the most sport-centric cities in the U.S. Maricopa County recently voted in favor of creating a special revenue district that will aid Arizona State in the development of [...]…

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