Mandalay Homes honored with two national awards – EPA and ENERGY STAR for Market Leadership in Air Quality and Energy Efficiency

The EPA recently announced the winners of their prestigious Indoor airPLUS Leader Awards and Mandalay Homes, headquartered in Phoenix, was honored for the second year in a row.   Only six builders nationwide received this award.   “Our commitment to building energy efficient homes, that offer better air quality, isn’t just about helping our environment.…

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After Years of Flat Pricing, New Demand Has Spurred Escalation in the Valley

Mortenson Construction today released its quarterly Construction Cost Index report for Phoenix along with five other metropolitan areas in the U.S. According to the report, in the second quarter of 2016 the national demand on steel materials created a significant price increase for reinforcing, structural, light gauge and window frame steel.   According to data…

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Chandler Technology Center Sells for $7.1 Million

Cushman & Wakefield announced today that Chandler Tech Center, located at 7400-7408 W. Detroit Street in Chandler, sold to Phoenix-based Presson Corporation for $7.1 million. Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley and Associate Ben Geelan with Cushman & Wakefield represented the seller in the transaction, Buchanan Street Partners of Newport Beach,…

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LGE Design Build Completes 40,000 SF Office for Bahia 101 in North Scottsdale

LGE Design Build has completed construction of the 3-story, 40,000-square-foot Bahia 101, the first new Class A office building constructed in the Scottsdale Airpark since 2009. Bahia 101 features 360-degree McDowell Mountain views, 14-foot clear heights and sliding doors on the second and third floors to allow fresh air in the suites. The building, on…

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PMRG Completes Topping-out of Full-Service Acute Care Hospital in Arizona

PMRG a nationally recognized, full-service commercial real estate firm, today announced the topping-out of Arizona General Hospital in southeast Mesa. California-based Dignity Health and Texas-based Adeptus Health formed a partnership last year to expand emergency medical care in the metro Phoenix market and selected PMRG as the developer. This came on the heels of PMRG’s…

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Plaza Companies and City of Peoria Partnering to Create and Develop Innovation Campus in P83 Entertainment District

Plaza Companies is working to help the City of Peoria become a hub for innovation and technology. Plaza Companies has been selected to build a 17-acre Peoria Innovation Campus in the city’s P83 Entertainment District, a property at 83rd Avenue south of Bell Road, adjacent to Loop 101 and the Peoria Sports Complex. The Peoria City Council has approved an…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,616-SQUARE FOOT NET-LEASED PROPERTY

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Raising Cane’s, a 3,616-square foot net-leased property located in Casa Grande, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,437,500.  …

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Nurturing Neighborhoods: The Next Phase for Master Planned Communities

Valley Partnership has announced the topic for the July 29 breakfast. This month’s panel will discuss the evolution of master planned communities. Historically, master planned communities have played a significant role in Arizona real estate. However, in a post-recession world, what is the role of master planned communities in Arizona’s development landscape? The panel will…

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NorthMarq Capital’s Phoenix office arranges acquisition financing of $6.37M for Mill Crossing in Chandler

Luke Donahue, senior vice president and John Kinser, vice president of NorthMarq Capital’s Phoenix-based regional office, arranged acquisition financing of $6.375 million for a 42,656 sq. ft. retail property located in 2100 S Gilbert Road in Chandler, Ariz.     The transaction was structured with a 10-year term and 25-year amortization schedule.     NorthMarq…

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Real estate and land use attorney Michael J. Phalen joins Lewis Roca Rothgerber Christie

Real estate and land use attorney Michael Phalen has joined Lewis Roca Rothgerber Christie LLP as a partner in the firm’s Business Transactions practice group. Phalen is a member of the firm’s Real Estate industry team, focusing primarily on land acquisition, entitlement and development. His practice covers a full range of issues from land use…

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McCarthy Building Companies Promotes Abe Babcock to Project Director

McCarthy Southwest, a division of McCarthy Building Companies Inc. (www.mccarthy.com), recently promoted Abe Babcock to the role of project director. In this position, Babcock will focus on developing and leading the various internal and external teams on a solar construction project to ensure a successful, integrated approach throughout all phases of the project. From the…

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