Multifamily news in Architecture & Design - Phoenix

  • Luxury Student Housing Opens at Arizona State University

    University House brings luxurious student housing options on Arizona State University’s campus.

  • Investors Knock at Casa Grande’s Door

    The 1.75 million-square-foot PhoenixMart project that broke ground last November in Casa Grande, AZ has started to grab the attention of opportunistic investors such as the Siegel Group Nevada, Inc. Spurred by the area’s rising economy, the firm acquired a 483-unit extended stay property for $8.30 million.

  • Ironline to Remake Warehouse as Office Space

    A new adaptive-reuse project is coming to Downtown Phoenix courtesy of Ironline Partners. Hot on the heels of acquiring a warehouse/showroom located at 841 E. Jefferson St. for $3 million, the company announced plans to repurpose the asset into an office building.

  • Tempe Office Complex Commands $41M

    CBRE announced that they brokered the recent sale of Papago Arroyo, a three-building office complex in Tempe, AZ. Totaling 279,503 square feet, the three office buildings are located at 1255,1275 and 1295 West Washington Street, just minutes away from Sky Harbor International Airport and within walking distance of the Valley Metro Light Rail Station for Papago Park Center.

  • Tempe Building Sets New ENERGY STAR Record

    The U.S. Environmental Protection Agency (EPA) just awarded the U.S. Airway/American Airlines office building in Tempe its 15th consecutive ENERGY STAR label – an impressive milestone seeing as this is a first for Arizona and the country.

  • Hines, CBRE and Metro Commercial Properties Take Multiple BOMA Awards

    International real estate investment, development and management firm Hines did it again! Its ever expanding list of achievements and awards grew even more impressive as the company recently received four prestigious awards from the Building Owners and Managers Association (BOMA), during their 2014 TOBY (The Outstanding Building of the Year) event.

  • Faris Lee Closes $22M Sale of Watson Marketplace in Buckeye

    Faris Lee Investments, an Irvine-based retail advisory and investment sales firm, recently announced that it helped close the $22 million sale of Watson Marketplace, a fully-leased 90,000-square-foot retail center in Buckeye, AZ. The transaction entailed 55,153 square feet of retail space leased to national credit and regional tenants such as Goodwill, Denny’s and The UPS Store; and two retail pads totaling at approximately 10,000 square feet, ground-leased to a McDonald’s and a Bank of America branch.

  • ASU Taps Gould Evans, HNTB for Sun Devil Stadium Makeover

    Arizona State University recently announced it selected Gould Evans and HNTB Corporation to lead the architectural and design renovations of its Sun Devil Stadium. This decision comes after a public request for qualifications.

  • March 2015 Debut Planned for 180-Key Sheraton Next to Cubs Complex in Mesa

    Starwood Hotels & Resorts Worldwide, Inc. announced its Sheraton brand will open a new-build hotel in Mesa, immediately adjacent to Chicago Cubs' new spring training ballpark.

  • TDI Starts 332-Unit Luxury M-F Project at One Scottsdale

    Irving-Texas – based TDI Real Estate Holdings LLC, a leader in the development of Class A multi-family housing, has broken ground on Jefferson on Legacy, a 322-unit luxury apartment community within the One Scottsdale mixed-use development.

  • Whitestone REIT Buys N. Scottsdale Community Center for $37M

    In a $37.4 million deal, Whitestone REIT acquired Market Street at DC Ranch, a 241,280-square-foot mixed-use neighborhood center in North Scottsdale, from DMB.

  • Freeport-McMoRan Center Receives TOBY Award; MIG Picks Up Class A Office Building

    Freeport-McMoRan Center, a 26-story mixed-use building in the heart of downtown Phoenix managed by Transwestern, received The Outstanding Building of the Year (TOBY) Award for 2013 from the Building Owners and Managers Association (BOMA), Greater Phoenix chapter.

  • Buchanan Street Buys $52.6M Portfolio; Hines’ Camelback II Earns State’s 1st LEED Platinum for Existing Buildings

    In a $52.6 million deal, Buchanan Street Partners has acquired a 10-building portfolio totaling 446,000 square feet in metropolitan Phoenix from Carlson Real Estate Co. The sale price equates to $118 per square foot.

  • Shea Homes to deliver 250 homes at Johnson Ranch

    By Camelia Bulea, Associate Editor In July, builders nationwide sold new homes at an annualized rate of 372,000, a 3.6 percent gain compared to the 360,000 sold in June and a year-over-year increase of 25.3 percent, according to the U.S. Census Bureau. The report, quoted byCNNMoney, states that existing home sales rose 2.6 percent in July [...]

  • Hotel Palomar Opens, Boosts Downtown Convention Market

    By Alex Girda, Associate Editor The two-block CityScape development has been completed with the grand opening of the $90 million Hotel Palomar Phoenix. Developed by RED Development and operated by Kimpton Hotels & Restaurants, the 242-key boutique hotel is part of the retail and office development at Central Avenue and Jefferson Street. Hotel capacity in [...]