The City of Tempe is working with Hayden House Tempe, LLC, which according to AZ Big Media, is a partnership between Douglas Wilson Companies of San Diego and Hensel Phelps Development LLC of Greely, Colorado, to develop a new project on the corner of Mill Avenue and Rio Salado Parkway. The name of the new mixed-use development is One | Hundred | Mill, a play on the actual address of the property which is 100 S. Mill Ave. The project is a $190 million mixed-use creative prope
The Phoenix office sector has seen strong growth as the overall economy has continued to improve. The Valley is considered a very attractive place for firms to relocate to as reported by Site Selection magazine. Phoenix topped other Western cities like Seattle, Denver, Salt Lake City, Los Angeles and San Francisco. Construction, sales and rent are all gaining momentum, while leasing has stayed stagnant. This trend can be explained in part by the slow office space job growth a
Commercial Executive Magazine features Helix for the acquisition and leasing of a new corporate center building in Scottsdale, AZ. Click here to read more. #commercialrealestate #realestatetrends #property #phoenixvalley #scottsdale #Phoenixcommercialrealestate #leasing #realesate #crephoenix #helix
According to a recent article by the Phoenix Business Journal, a new flexible office space concept has launched in Scottsdale for entrepreneurs looking for a shared work space environment for their business operations. DeskHub Inc. is a 17-000-square-foot office space with 100 desks and 20 offices available for rent. Office space sharing is a relatively new concept for Phoenix-area businesses, however this is modeled off of similar space sharing models in other large markets.
Phoenix's new economic development director, Christine Mackay, wants to take areas of central Phoenix that have seen office vacancy rates as high as 35 percent and turn it into a technology corridor. One of her top priorities is an economic rebirth for the midtown area along Central Avenue between McDowell and Camelback roads to the north and south and Seventh Street and Seventh Avenue to the east and west. Read the entire story here. #commercialrealestate #crephoenix #leasin
In a recent discussion with GlobeSt.com, Shari Tucker, council chair of retail investments for Sperry Van Ness, says that retail is at a point of much change. Here's a summary of the information shared with GlobeSt.com: 1) Bigger isn’t necessarily better now. Though the retail sector is seeing fewer store closings at the same magnitude of 2008’s Circuit City bankruptcy, large-scale stores are still closing and when they do, large retail space retail landlords are facing a cha
The first three months of the year have been slowing for the commercial real estate sector. Though this is somewhat typical this time of year, it seems the overall commerical landscape in Phoenix is looking better than it did this time in 2013. According to a recent report by Colliers International, commercial real estate buying and selling dipped between the fourth quarter 2013 and the first quarter of 2014. However, commercial activity and property pricing are up across the