Category: News articles

Stifel signs 10-year lease at Camelback Collective

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One of the country’s premier investment firms is moving its Phoenix office to a premier location in the Camelback Corridor’s newest office project.  Stifel, Nicolaus & Company, Incorporated (“Stifel”) is a full-service wealth management and investment banking firm established in 1890. It is the primary broker-dealer subsidiary of Stifel Financial Corp., a diversified financial services holding company that conducts its business through several wholly-owned subsidiaries.

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Scottsdale North Marketplace sells for $16M

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A prominent north Scottsdale retail center has new ownership as a result of a $16 million sale that closed last week. Scottsdale North Marketplace, a 68,522-square-foot retail center located at Scottsdale Road and Lone Mountain Road, was purchased by a joint venture between Holualoa Companies and Epic Real Estate Partners in a $16 million transaction.

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Construction to Begin on New Creighton University Health Sciences Campus at Park Central

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PHOENIX, ARIZ. – It’s about to get busy at Park Central in midtown Phoenix, as construction of Creighton University’s nearly $100 million health sciences campus gets underway on July 8.Plaza Companies is the developer, and Okland Construction will be the general contractor for the first phase of the Creighton University building. Butler Design Group will serve as the architect, and the conceptual and tenant design and improvement architect is RDG Planning & Design….

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Phoenix’s first mall, Park Central in Midtown, finally gets much-needed new look and life

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Midtown Phoenix is no longer a canyon of far-from-full office towers built more than three decades ago.

The area that businesses moved away from in the late 1990s is now drawing start-ups and big companies that want to be near light rail, new restaurants, apartments, redeveloped buildings and revived historic neighborhoods.

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AC Hotel opens second Valley property; this time in upscale Biltmore area

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A new AC Hotels by Marriott has opened in Phoenix’s upscale Biltmore area, and it looks to cater to both business and leisure travelers.

The 160-room AC Hotel Phoenix Biltmore is part of the Marriott International (Nasdaq: MAR) brand that has heavy European influences. The property, at 2811 E. Camelback Road, had a soft opening in October and held a grand opening event on Nov. 8.

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Ownership Group Completes Purchase of Additional 21 Acres, 193,000 SF at Park Central to Consolidate Property; Announces Ambitious Phase II

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Ownership Group Completes Purchase of Additional 21 Acres, 193,000 SF at Park Central to Consolidate Property; Announces Ambitious Phase II

October 10, 2018 (posted date)

Tags: Park Central Mall, Holualoa Companies

 

$28 Million Transaction Closes Wednesday; Plans Underway for Major New Residential Project Along With Creighton Health Campus, Expanded Office/Retail Redevelopment

The ownership group that is redeveloping the Park Central Mall property has purchased an additional 21 acres of property and an additional 193,000-square-foot building, consolidating ownership of Park Central for the first time in decades.

And, as part of the purchase, Tucson’s Holualoa Companies and Peoria-based Plaza Companies announced plans for an ambitious Phase II for the redevelopment, which will include a new nine-story residential complex to go along with a new Creighton University health sciences building.

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Construction to Begin On Fifth SkySong Office Building

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The fifth Class A office building will rise at SkySong, The ASU Scottsdale Innovation Center in the coming months.

With the other four SkySong office buildings at high occupancy, the SkySong development team will begin work on SkySong 5, with a groundbreaking ceremony to take place on July 9. The building will be six stories — the tallest on property yet — and will include a number of features that are new to the project.

With the newest building, the total SkySong project will reach about 868,457 square feet of commercial building.

The design of SkySong 5 includes extensive outdoor work and meeting spaces as well as public art features, and continues the trend at the property of each new building having unique and distinctive features, including a large second-story outdoor patio and event space. The cost of the building and the accompanying parking structure that will be built will exceed $43 million

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