In a first for Arizona, the Novus Innovation Corridor earned LEED-ND Gold certification last month from the U.S. Green Building Council. The 355-acre mixed-use, public-private partnership between Arizona State University and Catellus Development Corporation is adjacent to the ASU Tempe campus. Novus is the first LEED-ND community certified at any level in Arizona. The Gold certification is the second-highest certification awarded by USGBC on its scale of Certified, Silver, Go

Developer and builder, Ryan Companies, along with joint venture partner University Realty LLC, recently announced the sale of 777 Tower at Novus Innovation Corridor to a joint venture between Ascentris, a national real estate private equity firm based in Denver, and Cypress Office Properties. The official sale closed on December 24th. 777 Tower, completed in July 2020, features 160,000 square feet of state-of-the-art office space and 8,000 square feet of retail space, present

DCS Contracting dug through the past to create the future in their most recent Valley project. The company was involved in making infrastructure improvements to the Novus Innovation Corridor, a multi-phase, 350-acre development near Tempe Town Lake on the ASU campus. “The entire site sits on the old San Pablo neighborhood, which was demolished in the 1950s to expand the university,” David Kelly, DCS project manager, says. “During underground excavation, we located multiple tr

Arizona State University (ASU)and Catellus Development Corporation(Catellus) announced an agreement with award-winning, urban residential developer Aspen Heights Partners(Aspen Heights) to build a six-story, 262-unit luxury apartment community in the Novus Innovation Corridor (Novus).Novus is a 350-acre, multi-phased development, which at completion will encompass nearly 10 million square feet of urban mixed-use opportunities, including State Farm’s 2.1-million-square-foot Ma

Desert Gardens II Apartments Sell for $23 Million Desert Gardens II, a multi-family community located at 13621 W. Glendale Ave., has been sold for $23 million. Locally based ReNUE Properties purchased assets as part of its portfolio expansion within Arizona, according to a press release. Bill Hahn, executive vice president with Colliers International in Greater Phoenix, said the property “offered a unique combination of excellent physical condition and abundance of on-site a