400-Unit Multifamily Development Proposed in North Scottsdale

By Melissa Rosequist | Scottsdale Independent An application for a new 400-unit multifamily development at the Cavasson campus north of Loop 101 has been filed in pursuit of approval by the city of Scottsdale. City documents show the development, called Grayhawk Residences at Cavasson, seeks a multifamily development on 18 acres at 7701 E. Legacy …

Read More 400-Unit Multifamily Development Proposed in North Scottsdale

Scottsdale Airpark Leads Sublease Space Race

By Corina Vanek | Phoenix Business Journal The COVID-19 pandemic and its effects led to the first quarter of negative net absorption of office space in the Valley after nearly nine years of positive net absorption, according to Colliers. The overall direct vacancy rate in the Valley in the fourth quarter was 13%. Available sublease …

Read More Scottsdale Airpark Leads Sublease Space Race

Scottsdale Airpark Has Most Office Space Under Construction in Valley

By Corina Vanek | Phoenix Business Journal Office leasing activity has begun to level out in the third quarter after a steep drop in April, but one expert expects the Phoenix metro will continue to see an overall reduction in space needs over the next few quarters. “I do expect supply to outpace demand, putting …

Read More Scottsdale Airpark Has Most Office Space Under Construction in Valley

Resurgence of Commercial, Multifamily Development at Airpark

By Corina Vanek | Phoenix Business Journal After more than a decade, the Scottsdale Airpark submarket is seeing a resurgence of construction, from commercial to multifamily projects. “We haven’t had much new office construction in the last 12 to 15 years,” said Jim Keeley, founding partner of Colliers International’s Scottsdale office. “It’s good to see …

Read More Resurgence of Commercial, Multifamily Development at Airpark