Construction Commences on $50M Renovation of Renaissance Square

Cypress Office Properties, LLC announced today that construction has commenced on phase one of a $50 million renovation of Renaissance Square in Phoenix. The $10 million first phase includes upgrades to both building’s lobbies, the lower level lobby, elevators, the creation of a 7,000 square foot, multi-purpose conference facility and construction of multiple, high-end, move-in…

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Rio2100 Inks 300,000-Square-Foot Freedom Financial Lease

Rio2100, a 52-acre mixed-use development under construction at the intersection of Loop 202 and Loop 101 in Tempe, Ariz., has the announced execution of a 300,000-square-foot build-to-suit lease with Freedom Financial Network. Bryan Taute and Charlie von Arentschildt with CBRE’s Phoenix office negotiated the lease on behalf of the landlord, The Boyer Company. Freedom Financial…

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CONSTRUCTION EMPLOYMENT INCREASES IN 39 STATES OVER PAST 12 MONTHS; 17 STATES ADD JOBS IN MARCH FOLLOWING EARLY HIRING DURING MILD WINTER

Thirty-nine states added construction jobs between March 2016 and March 2017 while 17 states added construction jobs between February and March, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials noted that contractors in most states remain busy for now but worry about not being…

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Evergreen Development Expands into New Markets, Announces New President

In response to strategic growth and expansion into new markets, Phoenix-based Evergreen Development Company announced changes to its executive leadership structure. Effective April, 2017, Laura Ortiz will take the helm as the company’s new President. Ortiz has been a key member of Evergreen’s executive and leadership team since 2001 and assumes the role previously held…

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CBRE Completes $37.5 Million Sale of Scottsdale Executive Office Center

CBRE recently completed the sale of Scottsdale Executive Office Center, a 181,238-square-foot Class A office campus located at 15880, 15990 and 16100 North Greenway-Hayden Loop in Scottsdale, Ariz. Total consideration for the sale was $37.5 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Perry Investment Trust No.1, LLC, based in…

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Skanska Completing Work on New Dexcom Facility in Mesa

Skanska, one of the world’s leading construction and development firms, is finishing construction on phase one of Dexcom’s facility located at 232 S. Dobson Road in Mesa, Ariz. This 145,000-square-foot project is a build-out of an existing shell building. The first phase includes the renovation of a 60,000-square-foot industrial warehouse to medical device manufacturing space…

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Hilton Tucson East Hotel Celebrates Its 30-Year Anniversary With $8M Renovation Plan

The $8-million renovation for the Hilton Tucson Eastwas unveiled at a recent celebration commemorating its 30th anniversary. The Tucson Chamber of Commerce, Visit Tucson Tourism along with partners and guests were in attendance to mark this premier full-service business hotel’s three-decade milestone accommodating local and international guests to the Tucson region. Purchased in 2016 by a subsidiary of…

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