$1.5M Cave Creek Shopping Center Renovation Nears Completion

By Corina Vanek | Phoenix Business Journal After making his firm’s first real estate investment in the middle of the Covid-19 pandemic, David Malin is nearing the end of a $1.5 million renovation to the Cave Creek shopping center. Malin, founder of Scottsdale Development Partners, bought the Shops at Dynamite Creek in Cave Creek for …

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Construction Wraps Up On North Scottsdale Spec Office Building

By Corina Vanek | Phoenix Business Journal Axis Raintree, a 175,112-square-foot speculative office building, developed as a partnership between Trammell Crow Co. and PGIM Real Estate completed construction. Trammell Crow Co. and PGIM Real estate completed construction on Axis Raintree in north Scottsdale. The building began construction in October 2019 on one of the last …

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Old Town Scottsdale Remains King

By Corina Vanek | Phoenix Business Journal All eyes remain on Old Town as a prime employment and redevelopment area in Scottsdale, even as other parts of the city, including the Scottsdale Airpark and the McDowell Road Corridor, emerge as heavy-hitters for attracting new development. Stockdale Capital Partners, led by Managing Principal Shawn Yari, has …

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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 …

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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 …

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