Western Retail Advisors completes $18 million, 38-acre land transaction for milestone project Phoenix-based retail brokerage specialist Western Retail Advisors (WRA) has completed an $18,050,000 land transaction in Avondale, Arizona, that will usher in the anticipated start of Avondale Tech Center. The land seller is Z-Modular, a development company specializing in high-quality, steel-framed modular buildings. The land buyer is Creation Equity, a Phoenix-based real estate d

The construction industry added 26,000 jobs in March, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has grown by 57,000 jobs, an increase of 0.7%. Nonresidential construction employment increased by 12,200 positions, with gains in all three subcategories. Nonresidential building added the most jobs, increasing by 4,500 positions. Nonresidential specialt

At a critical moment in global trade, a Dallas-based investment firm has started construction on what it claims is the best development site on the U.S. /Mexico border. Formation Interests has officially started construction on FORM375 at Paso Del Norte, an 800,000-square-foot, 4-building industrial and manufacturing facility situated directly adjacent to the Zaragoza Port of Entry in El Paso, Texas. This project represents a rare and irreplaceable location next to the secon

The City of Tucson, El Pueblo Housing Development (EPHD), and Gorman & Company broke ground Friday for Amazon Flats, a 59-unit affordable housing community featuring one-bedroom apartments that will expand access to quality housing in Tucson. This milestone marks another major step in investing in the historic Miracle Mile corridor, celebrated alongside City of Tucson partners, community leaders, and neighbors. Amazon Flats, at 1135 W. Miracle Mile, is the second project on t

Chandler Bay Will Deliver Class A Shallow Bay Industrial Space Near Loop 202 Corridor IndiCap , a commercial real estate firm specializing in industrial investment and development across the Southwest U.S., and VAC Development , a real estate investment and operating company, have partnered with Mar-Gulf Management Inc. (“Mar-Gulf”), the international real estate subsidiary of Kuwait Financial Centre K.P.S.C. (“Markaz”), and MDI Capital, LLC (“MDI”), the subsidiary of Mar-Gu

Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 8.1 months in February, according to an ABC member survey conducted Feb. 20 to March 6. The reading is up 0.1 months from January but down 0.2 months from February 2025. View ABC's Construction Backlog Indicator and Construction Confidence Index for February. View the full Construction Backlog Indicator and Construction Confidence Index data series . Backlog increased sha

Diversified Partners, a leading Scottsdale-based real estate brokerage and development firm, is proud to recognize its in-house brokerage team with Delaney McGroarty and Jack Rodrigues, who support the firm’s growing development pipeline. Working within the firm’s brokerage division, McGroarty and Rodrigues focus on ground-up retail development projects, supporting efforts from site identification through entitlement, leasing and delivery. Their roles help align brokerage str

The port, which features a 350-meter (1,170-foot) berthing quay and over 44 hectares (110 acres) of land for component marshalling, is already a strategic stopover point for offshore wind projects in the northeast of the continent. It is currently considered one of the top 10 key ports for the North American offshore industry. Sarens has successfully bridged the gap between legacy breakbulk site and the future of offshore wind. By applying specialized lifting methodologie

The construction industry had 202,000 job openings on the last day of February, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings decreased by 28,000 in February and are down by 53,000 from the same time last year. “Construction hiring fell to the slowest ra

An AC5250 all-terrain crane, with a maximum lifting capacity of 250 tons, was ultimately selected as the primary crane, supported by AC130 and GMK4090 units. This equipment was chosen based on the job requirements, offering a combination of high load capacity, operational flexibility, and compact dimensions Thanks to the proximity of the Sarens depot in Beaumont, equipment mobilization was highly efficient, with the cranes transported to the site in approximately 15 minutes a

Home Depot and DICK’s Sporting Goods on track to welcome customers this Summer Sunbelt Investment Holdings, Inc. (SIHI), a leading developer and owner of shopping centers throughout Arizona and Southern California, celebrated a dozen openings and several new lease agreements at Buckeye Commons, its highly anticipated, Costco-anchored retail center in Buckeye, Arizona. Located at the southeast corner of the intersection of I-10 and Verrado Way, a rapidly developing area in one

Expansion nearly doubles size of health center, resulting in more access to care A project to expand Banner Health Center in Mesa has recently been completed, enabling greater access to convenient medical care for patients in East Valley communities. The expansion added over 19,000 square feet to the existing facility, which is now more than 40,000 square feet. The health center now has 31 new exam rooms in addition to new medical suites, nurses’ stations, and administrativ

3PL leader commits to almost 630,000 s.f. at 3.75 million s.f., 210-acre logistics campus Full-service commercial real estate firm Lincoln Property Company (Lincoln) today announced that a global 3PL provider has signed a full-building, 629,835-square-foot lease at Park303 in Glendale, Arizona. The commitment brings the 210-acre, 3.75 million-square-foot, LEED Certified industrial project to fully leased. The new tenant will lease all of Park303 Building A, using its new sp

Mack Real Estate Group (MREG) and McCourt Partners hosted a ceremonial groundbreaking to mark the start of construction at Halo Vista, a landmark 2,300-acre master-planned development in North Phoenix. Situated immediately adjacent to the Taiwan Semiconductor Manufacturing Company (TSMC) campus, Halo Vista is designed to be a premier global hub for science, innovation, and community. The $7 billion project, described as a "city within a city" and projected to be a major catal

Bidding Begins Closing: Saturday, April 11th at 8:00 am Live Preview Live Preview Tuesday - Friday 7 AM - 3:15 PM Visit us online at wsmauctioneers.com Start Bidding Now Invoices will be emailed to the successful bidders We make the online bidding process easy by offering ProxiBid Our mailing address is: WSM Auctioneers 1616 S 67th Ave Phoenix, AZ 85043-7700 #WSMAuctioneers

Former Phoenix bar finds new life as law office Leading Arizona land use and zoning law firm Withey Morris Baugh is excited to showcase its newly finished Biltmore-area office, a well-executed adaptive reuse of the former Half Moon Windy City Sports Grill on Highland Avenue. The firm paid homage to the building’s libacous past, while reimagining the building into client-ready meeting spaces, collaborative zones and employee amenities that raise the bar on today’s modern offi

Class A Metro Phoenix development transforms vacant school campus into mid-sized industrial property Leading Phoenix-based general contractor Stevens-Leinweber Construction (SLC), representing Merit Partners Inc., has completed and delivered Merit 27 Buckeye, a unique industrial infill redevelopment that is now fully leased in Phoenix’s emerging 27th Avenue Corridor. Located on 18 acres at the southeast corner of 27th Avenue and Buckeye Road, Merit 27 Buckeye transforms a

Luxury downtown Scottsdale office destination quickly moving toward Q3 2026 completion Phoenix-based developer George Oliver, in partnership with Ascentris, is quickly advancing its redevelopment vision for Arbor Old Town, signing the project’s first office leases and beginning construction on a speculative office suite collection at the Old Town Scottsdale, Arizona luxury office campus. Situated on six acres at the high profile corner of Scottsdale and Indian School roads, A

$102 million project to restore cultural cornerstone, expand academic programs and elevate arts access across Pinal County Central Arizona College marked a major milestone on March 31, breaking ground on a 91,000-square-foot Cultural and Performing Arts Center at its Signal Peak Campus in Coolidge. The $102 million, ground-up facility is designed to restore and significantly expand performing arts opportunities for students and the surrounding community following the 2023 col