Commercial Real Estate & Business News – January 15, 2025

High Street Residential (HSR), the residential subsidiary of Trammell Crow Company(TCC), and JV partner Mitsui Fudosan America (MFA) have broken ground on a 215-unit, Class A, luxury residential community in Scottsdale, Arizona. The project, which will have a formal name announced as construction…»

Estrella is gearing up for a big 2025. The master-planned community in southern Goodyear recently announced the planned construction of more than 500 houses across five different neighborhoods. Although they will be in different neighborhoods, all of the parcels will be in the Montecito village…»

Not only is the weather hot in Dallas and Phoenix, but the two desert markets top the nation’s ranking for industrial construction hot spots. In 2024, Dallas-Fort Worth and Phoenix saw a combined 78.3 million square feet of net new industrial space, the most and second most in the United States, respectively…»

The site of former Tempe water park Big Surf will now serve as the site of a large industrial park. Big Surf, the park on McClintock Road just north of the Red Mountain Loop 202, first opened in 1969, but closed its doors when the pandemic began and never re-opened. Following the closure multiple items from…»

South Carolina-based Logisticus Group LLC is setting up its first Arizona facility along the Loop 303 corridor in a deal that came together in just two days. The third-party logistics firm signed a lease for 483,300 square feet, or the entirety of building B at the Park303 industrial project in Glendale developed…»