Commercial real estate in Arizona is in the midst of an unprecedented run. Ever since early 2020 when the coronavirus pandemic rocked the business community, the commercial real estate industry in Arizona came up with innovative ideas for not only surviving, but thriving. That kind of cutting-edge innovation is evident in the recent commercial real estate projects that are changing the landscape of Arizona.
A new housing community geared toward working class residents will soon be going up on Tucson’s south side. Scottsdale-based Greenlight Communities and Tucson-based Holualoa Cos. plan to build Cabana Bridges, a 288-unit complex at The Bridges, the mixed-use development near Park Avenue and Interstate 10.
Scottsdale-based Greenlight Communities and Holualoa Cos. are developing Cabana Bridges, an apartment property located within the 350-acre Bridges mixed-use development in Tucson. Greenlight acquired the land site in early October for $3.4 million and plans to start construction in the upcoming weeks.
Greenlight Gives is teaming up with CASS for their Cool it! Heat Relief Drive to reduce the number of heat-related deaths among individuals experiencing homelessness.
Construction on Greenlight Communities’ second multifamily housing development in Goodyear is underway. When completed, Cabana Bullard will be the Scottsdale-based company’s largest project new-build to date.
Greenlight Communities’ ‘Cabana’ Properties Help Counter the Effects of Rising Rental Rates in Arizona Cities
The Phoenix metro area has some of the fastest-rising rental rates in the country, with eight cities in the region ranking in the top 100 in rate increases in a recent study. Fortunately, a Scottsdale-based company is working to counter this trend by creating a new multifamily residential product that is attainable for working families.
If it seems like there is a constant stream of construction news coming out of the West Valley, you’re not mistaken. The West Valley has been a hot spot for mega-projects. From housing to industrial to hospitality, the West Valley is bustling with current construction projects. Here are some of the West Valley construction projects,…
Apartment living is in high demand around North Central, where many new multi-family complexes are under construction and managers are leasing units at lightning speed. Experts say economic struggles and uncertainty about future employment caused by the COVID-19 pandemic and the desirability of the area are driving locals and people from other states to flock…
Much-needed affordable housing is going up in the midst of a pandemic, eviction crisis and nonstop trend of rapidly rising home and rent prices in metro Phoenix. More than 500 affordable homes are under construction in metro Phoenix, at a time they are needed most.
RangeWater Real Estate has been tapped by Greenlight Communities as the property manager for the 89-unit Cabana Hayden, its newest multifamily property in the Phoenix metro area targeted for middle-income residents. Located at 2240 N. Hayden Road in Scottsdale, Ariz., the property will open for new residents in early March.