Commercial Real Estate & Business News – June 29, 2023

With national parks, rich history, and a unique blend of cultures, Arizona draws many vacationers. However, it is also one of the fastest-growing states in the country, where 13 percent of the population was born abroad. So what makes the state so attractive to newcomers? While natural…»

Award-winning real estate development firm Optima announced today the grand opening of 7190 Optima Kierland, the fifth and final tower within the Optima Kierland development in North Scottsdale. “We are excited about opening the final building for Optima Kierland. We appreciate all of the…»

Martens Development has broken ground on Mission Park, a two-building, 723,508-square-foot industrial project in Buckeye, Ariz. Ware Malcomb provided architecture services, while Willmeng Construction serves as general contractor and Kimley-Horn as civil…»

The first phase of a mega light-industrial project that includes a 16-acre landscape buffer, commercial and up to 750 multifamily units is anticipated to break ground in about a year. Town Council gave its stamp of approval last week for the developer to move forward with The Ranch – which includes…»

David Hovey Jr. has been crazy busy these days. He just received approval to begin work on Optima McDowell Mountain Village, a new $1 billion luxury community in north Scottsdale, at a time when he’s opening the fifth and final tower at his popular Optima Kierland…»