The city of Scottsdale is looking at a potential $60 million upgrade to Scottsdale Stadium.
The spring training home of the San Francisco Giants in the heart of Old Town — close to local bars and restaurants — is a Cactus League favorite for tourists and businesses entertaining employees, prospects and clients.
Scottsdale is putting out a request for proposals for a $5 million design/build contract.
Colliers International in Greater Phoenix has released its Greater Scottsdale Airpark 2030 Report. The document highlights the most meaningful transactions in the area for 2017 and predictions for the submarket extending to 2030.
Seven is the name of a new expensive residential enclave with homes priced between $1 million and $3 million and a new 18-hole golf course at Scottsdale’s Desert Mountain development.
Desert Mountain is already an affluent golf and residential development in far north Scottsdale.
Seven — which goes for a more contemporary name than traditional Arizona subdivisions adorned with cactus, ridge, canyon and mesquite — is a 90-acre addition to the Desert Mountain development.
It will have as many as 190 high-end homes and a par-54, 18-hole golf course. There are other courses at Desert Mountain.
Van Tuyl Cos. and Phoenix-based M3 Cos. are developing Seven, which gets its name from being the seventh private golf course at Desert Mountain.
Alter Group is the developer of the $400 million, 2 million-square-foot Riverwalk at Talking Stick project. The development includes Class A office space and is on Dobson Road off Loop 101 near Indian Bend Road on the Salt River Pima-Maricopa Indian Community.
Gatto said Alter has plans for a two-story, 160,000-square-foot speculative office building geared toward creative tenants. There hasn’t been much speculative office space in the Phoenix market since the last real estate crash. Gatto said spec space is starting to come back both in metro Phoenix and nationally.
Construction is starting on a 157-room sustainability-focused Element hotel at the ASU SkySong development in Scottsdale. SkySong, the ASU Scottsdale Innovation Center, is located at Scottsdale and McDowell roads and is home to high-tech offices, Arizona State University programs and apartments. Jackson-Shaw is developing the hotel, which will total about 100,000 square feet.
The Phoenix area has 10,500 apartment units under construction to the tune of nearly $1.4 billion, according to a report being released today by Colliers International.
The market continues to record vacancy declines, even as new units are delivered, said Pete O’Neil, research director for Colliers International in Phoenix.
Wan Hai Lines Ltd. — a global shipping company — has bought the Perimeter Center building in Scottsdale for $10.35 million.
It serves as the Taiwan-based shipping company’s U.S. headquarters.
Real estate development and investment firm Irgens was the seller.
Irgens bought the Perimeter Center at 17200 N. Perimeter Drive in Scottsdale in 2015 and renovated the Class A office building.
Irgens still owns 2.4 acres at the same development and has plans to develop a 50,000-square-foot property there this year.
“Wan Hai Lines operates two offices in the United States, one of which is here in Metro Phoenix,” says Jason Meszaros, senior vice president and regional managing director of Irgens. “This building provides an appealing opportunity for the company to own its facility and have Class A office space in the prestigious Perimeter Center community. We are excited to have Wan Hai Lines adjacent to our future building.”
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