Construction & Real Estate

New Industrial Facility Expected To Draw Aerospace, Defense Business To Mesa

Via The city of Mesa recently broke ground on a 150,000-square-foot speculative industrial facility in the Falcon Field District, which it hopes will draw significant aerospace and defense businesses. The Longbow Gateway One is slated to be complete by January and anticipated to bring at least 175 new jobs. The facility will be adjacent to Boeing’s 2 million-square-foot manufacturing facility at Falcon Field Airport and the Loop 202. “Longbow

Startup Hurdles Are Turning East Valley Into 'Tech Wasteland'

Via East Valley leaders have touted growth in tech industry jobs, even going as far as calling the area the “Silicon Desert,” but a pair of entrepreneurs are concerned that tech startups face too many barriers when doing business in Arizona. Doug Guilbeau, a Tempe native, and Geoff Mobisson experienced those challenges as they built a Chandler-based software company, Levementum. The two men became friends and later they decided

They Asked, We Delivered: Vocational Training For High School Students

Via Students asked for better education and employment opportunities at the “Give the Youth a Voice” Town Hall event Aug. 8. Kingman High School’s woodworking and cabinet making classes offer skill sets that can put them on the paths to well-paying jobs after high school. In his 17 years as a woodshop teacher at KHS, Calvin Kupser has seen things change and some things stay the same. It’s what’s

Hobby Lobby Opening Two Tucson stores And A Third In Nogales

Via Hobby Lobby has one location in Tucson now, on the northeast corner of East Broadway and North Craycroft Road. Construction continues at West Irvington Road and Interstate 19. Announced last year by developer Bourn Cos., The Landing has attracted several tenants including Hobby Lobby, T-Mobile, Jersey Mike’s Subs, Southern Arizona Urgent Care, Chipotle, and Oregano’s. Hobby Lobby has one location in Tucson now, on the northeast corner of

Northwest Side Apartment Complex Fetches $37.6M

Via Tucson’s apartment market continues its hot streak with the recent $37.6 million sale of Mission Palms complex on the northwest side. Art Wadlund and Clint Wadlund, of Berkadia, represented both the buyer, ROC Senior Living, and the seller, Stoneweg US LLC. “We’ve seen strong apartment demand across the Tucson market all year,” Art Wadlund said. “Mission Palms was a great investment opportunity due to the quality of the

Phoenix Doesn't Have Enough Apartments short-term Either

Via Despite delivering 22,952 new apartment units from 2011 to 2016, demand vastly exceeded supply by approximately 7,100 units; if based on 2016/17 population estimates which saw Maricopa rank No. 1 in the country in population growth, the deficit rises to approximately 12,000 now and 18,000 by 2020. In fact, if Medium Range Growth Projections are used, a more likely scenario given Maricopa’s status as fastest growing county in the

Arizona's Firm Buys One Of Metro Denver's Largest Real Estate Brokerages

Via DENVER BUSINESS JOURNAL – Colorado residential real estate brokerage Cherry Creek Properties has been acquired by an Arizona firm, HomeSmart International. Greenwood Village-based Cherry Creek Properties posted $1.15 billion in 2015 sales volume and $49 million in revenue last year. It ranked as metro Denver’s seventh-largest Denver-area residential brokerage in 2016, according to DBJ Book of Lists research. According to HomeSmart, Cherry Creek Properties has 1,514 agents. The

New Shopping Center Coming to Life On Tucson's South Side

Via Construction continues at West Irvington Road and Interstate 19. Bourn Cos. pulled three permits for retail shells, and Irvington is being widened to accommodate future traffic. The shopping center will sit on 58 acres. About 220,000 square feet of shopping space is scheduled to be online this year. Chipotle is building a $300,000 restaurant on the site. July 12, 2017. By 2020, the shopping center could have 600,000

Arizona's First Whole Foods Market 365 Breaks Ground In Tempe As Part Of Apartment Project

Via Downtown Tempe will get its first new grocery store in more than a decade and Arizona’s first Whole Foods Market 365. The popular grocery chain, which caters to buyers looking for organic and fresh foods, recently launched the 365 concept with smaller, more affordable markets. “Our 365 stores deliver the same quality that our customers have come to expect but in a convenient and fun new format that provides exceptional value,” Whole

Arizona Hasn't Fully Recovered From Recession

As the U.S. economy enters its ninth year of expansion this month, many Americans feel the recovery has been incomplete — and the numbers back them up. Five states — Arizona, Connecticut, Mississippi, Nevada and Wyoming — still haven’t regained their levels of gross domestic product from before the financial crisis, more than five years after the country as a whole hit that milestone. Eight states are below prerecession levels