NAI Horizon facilitates lease for residential real estate brokerage firm at 2944 Plaza in Phoenix

NAI Horizon facilitates lease for residential real estate brokerage firm at 2944 Plaza in Phoenix

News & Updates

by | Feb 19, 2025 | News & Updates

     PHOENIX, ARIZONA (Feb. 19, 2025) – NAI Horizon facilitated a new office lease for a residential real estate brokerage company at 2944 Plaza in Phoenix. The building is the Phoenix corporate office of NAI Horizon.

Managing Director Lane Neville, Vice President Cole Neville, and Associates Brandon Hall, Whitney Heritage, Matt Westra, and Cade Olivas represented the landlord, CPLP 2944 N. 44th LLC in the office lease at 2944 N. 44th St.

“Our team at NAI Horizon is proud to represent the landlord in this transaction with such a talented and successful residential brokerage firm led by Rio Vidrio. We are pleased to add The Rio Group to the professional synergy of the building,” said Cole Neville.

The lease is for Suite 200, a 2,635 SF office.

“I’m excited to see what this new office has to offer. The six offices, bullpen, and conference area provide the perfect space for my growing team. Plus, the layout offers great spots to film videos and create content,” said Rio Vidrio, CEO of The Rio Group. “We toured over 10 offices in Central Phoenix, but we really loved this layout. Huge thank you to Cole for all his help; he had great communication skills and was on top of everything.”

 The tenant, Silverio Vidrio PLC was represented by Jorge Lizarraga with A.Z. & Associates LLC.

 About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.

About NAI Global

Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

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by Feb 19, 2025
Medical Office Brokers facilitates sale of Hudson Place, a 55,367 SF Tempe development property

Medical Office Brokers facilitates sale of Hudson Place, a 55,367 SF Tempe development property

News & Updates

by | Feb 19, 2025 | News & Updates

     PHOENIX, ARIZ.  (February 19, 2025) – Hudson Place, a 55,367 SF commercial property comprising 15 buildings, has officially sold in a transaction that recently closed for $11.499 million.

The sale marks a unique shift in the property’s trajectory. It was originally purchased in December 2023 for an office condominium conversion, with each of the 15 buildings being marketed for individual sale.

The seller was represented by Marina Hammersmith, CCIM, and Tyrel Williams, CPM, of M|T HealthcaRE Partners at Medical Office Brokers. Hudson Place is located at 2405 E. Southern Ave., in Tempe, Arizona”

In a strategic move, the new owner stepped in to circumvent the conversion plan, making a competitive offer to acquire the entire property. The buyer intends to land bank Hudson Place for future development, ensuring long-term investment potential in the evolving Tempe commercial landscape

“This transaction underscores the dynamic nature of commercial real estate and the importance of adaptability in investment strategies,” Hammersmith said. “The limited supply of medical and general-use condominiums, coupled with strong market interest and the projected price points for individual building sales, created a compelling value-add position for the seller.

“This combination also generated a sense of urgency for the buyer to acquire the entire property before the conversion was finalized, recognizing the long-term potential for the site,” Hammersmith added.

“It was an honor to be involved in this unique project,” Williams said. “Even though we didn’t get to bring our original business plan to fruition, it was rewarding to see the Hudson Place property go to a great organization to further its important role in this community.”

 

About Medical Office Brokers (Arizona MOB):

Founded in 2006, Medical Office Brokers (MOB) is a boutique commercial real estate firm based in Phoenix, Arizona.  MOB’s mission is to come alongside healthcare stakeholders as their advocates in commercial real estate. Independent physicians, healthcare systems, REIT’s, syndicators and qualified investors, MOB is committed to positive results through strategic thinking, persistence and the efficient delivery of services. For more information visit arizonamob.com.

 About M|T Healthcare Partners:

M|T Healthcare Partners is a leading provider of healthcare real estate solutions, offering a wide range of services including, tenant/buyer representation, medical practice expansion strategy, landlord leasing/sales representation, and property repositioning for medical use. With a commitment to excellence and innovation, M|T Healthcare Partners supports healthcare organizations in optimizing their real estate investments and achieving operational efficiency.

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by Feb 19, 2025
Wespac Construction, Inc. completes Cove Logistics Center industrial project in Phoenix

Wespac Construction, Inc. completes Cove Logistics Center industrial project in Phoenix

News & Updates

by | Feb 14, 2025 | News & Updates

PHOENIX, ARIZONA (Feb. 14, 2025) — Wespac Construction, Inc., announces the successful completion of Cove Logistics Center, a premier 99,498 SF industrial development that will support the expanding commercial needs of Arizona. This milestone reflects the team’s dedication to excellence in construction, infrastructure development, and delivering high-quality industrial spaces that drive economic growth.

Cove Logistics Center, located at the SWC of Van Buren Street and 37th Avenue in Phoenix, involved an impressive transformation — from an undeveloped dirt lot into a fully operational industrial site. The project scope included full-scale underground infrastructure, advanced stormwater retention systems, and the construction of truck courts and a new parking lot designed to accommodate future operations seamlessly. To enhance efficiency, we also implemented drive approaches that improve traffic flow and connectivity throughout the site.

In addition to the on-site improvements, Wespac executed significant offsite work, including underground utility installation and extensive asphalt paving. These enhancements not only improve accessibility for surrounding businesses but also set the foundation for future industrial growth in the region. A standout feature of the project is the inclusion of two high-end spec suites, providing adaptable and functional space to meet the needs of a wide range of industrial tenants.

Wespac Construction collaborated closely with Deutsch Architecture Group and ViaWest Group, to bring this vision to life and ensure the highest standards of quality and functionality.

“The successful completion of Cove Logistics is a testament to the hard work, expertise, and collaboration of our entire team,” said Kirk Jonovich, Associate / Vice President at Wespac Construction, Inc. “We take great pride in delivering projects that strengthen Arizona’s industrial sector and create opportunities for businesses to thrive.”

With the completion of this project, Wespac Construction, Inc. continues to reinforce its reputation as a leader in industrial and commercial construction, committed to innovation, quality, and community-driven development.

About Wespac

Established in 1991, Wespac Construction Inc. is a general contracting and construction management firm, offering preconstruction and construction services in a variety of market sectors. From small tenant improvement projects to large shell and master-planned communities, Wespac is a true partner to our clients throughout the entire project lifecycle. We pursue the art of construction, while contributing knowledge, leadership, passion and commitment to every employee, client, and project team. Wespac has offices in Phoenix and Flagstaff, Arizona. www.wespacaz.com

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by Feb 14, 2025
Land Advisors Organization unveils Revalo, a property data platform for real estate industry professionals and property owners

Land Advisors Organization unveils Revalo, a property data platform for real estate industry professionals and property owners

News & Updates

by | Feb 13, 2025 | News & Updates

Scottsdale, Ariz. (February 13, 2025) – Land Advisors Technologies, the technology arm of Land Advisors Organization, recently unveiled a new product: Revalo, a property data and intelligence platform that compiles comprehensive and accurate property data from numerous sources used by Land Advisors Organization. It provides visual insights for exploring multiple layers of spatial data while simplifying the complex process of researching and gathering property information.

During the preview phase, Revalo is available for free on iOS and Android, offering early adopters exclusive access to explore the platform, provide feedback, and help shape the future of property intelligence. Revalo can be downloaded for free during this preview period here: Revalo.

“Revalo was created by real estate professionals who knew there had to be a better way to access and analyze property data,” said Anthony Weddle, Revalo product manager at Land Advisors Technologies. “We aggregate and analyze information from multiple sources, to provide users with the most complete and accurate picture of any property. We’re taking the legwork out of the equation by putting comprehensive property data and intelligent visualization tools right at professionals’ fingertips.”

Slated for a full-scale release later in 2025, Revalo will launch as a comprehensive multi-platform solution that will be available on web, desktop, and mobile devices. The platform will deliver detailed property data for any U.S. parcel, serving the needs of real estate professionals, investors, industry trades, and casual users alike. Details on plans and pricing will be announced closer to the full launch.

“We have leveraged our decades of experience in the collection and display of land-related data and its environs to develop a platform that provides the user with the entire country laid out in the palm of your hand,” said Greg Vogel, founder and CEO of Land Advisors Organization. “It’s incredible to see the progress we’ve made thanks to advancing technologies, and I am beyond excited to see where AI and other technological advancements will take us with further enhancement of Revalo in the future.”

Land Advisors Technologies builds upon nearly three decades of innovation in real estate technology led by Land Advisors Organization, the nation’s largest land brokerage firm. This represents a new chapter centered around evolving the technology and data that has fueled Land Advisors Organization’s success and shifting its focus outward to be a resource for all. Additional information about the Revalo platform is available at https://revalo.io.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Denver, Colorado; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Boise, Idaho; Kansas City; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Greensville, South Carolina; Nashville, Tennessee; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; and Seattle, Washington. Stay connected with us on X, Facebook and LinkedIn.

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by Feb 13, 2025
Modern BD continues to grow, names Maggie Lopez Tucson Director of Business Development

Modern BD continues to grow, names Maggie Lopez Tucson Director of Business Development

News & Updates

by | Feb 13, 2025 | News & Updates

PHOENIX, ARIZ. (Feb. 13, 2025) – Modern Business Development is pleased to announce the latest addition to the team, continuing its strategic growth with the hiring of a Tucson Director of Business Development.

“We are excited to extend our reach and help clients in this thriving region, and my hometown,” said Modern Business Development CEO Cassie Wells in announcing the hiring of Maggie Lopez.

Wells, a commercial real estate industry leader and business development expert, launched woman- and minority-owned Modern Business Development in 2022. MBD represents the niche market of subcontractors and service providers in Metro Phoenix who require business development services.

As Tucson Director of Business Development, Lopez will represent commercial subcontractors and service providers to increase their sales and industry presence through strategic business development practices and authentic community relationships.

Lopez joins Modern Business Development after serving as development coordinator for a 501c3 nonprofit where she implemented and managed the marketing and donor development programs.

In 2023, Lopez started a strategic marketing firm, Maggie Ann Co., to help small businesses identify their unique value proposition, target audience, and most effective messaging and channels of communication.

“One of my favorite things about working for Modern Business Development is that two of its values are: ‘we give back,’ and ‘we put people first,’” Lopez said. “In addition to working with wonderful people at the strategic marketing firm I founded, I appreciated the blend of relationship building, strategy, data, and creativity the role required. I love any chance I get to increase that bottom line.”

Born and raised in Tucson, Lopez earned a BS in marketing from the University of Arizona Eller College of Management.

Away from the office, Lopez enjoys spending time with her two sons, going on short road trips, camping, off-roading, and spending time at the lake and the beach.

 

About Modern Business Development

Founded in 2022 by industry expert Cassie Wells, Modern Business Development provides clients with exclusive representation in their field of expertise; specific project and/or end-user project opportunities; representation and participation in the largest networking organizations in the Valley, including but not limited to NAIOP Arizona, Arizona Builders Alliance, and ULI Arizona; and multiple introductions to industry professionals who can help provide the client with long-term recurring business. For more information, visit modern-bd.com.

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by Feb 13, 2025
NAI Horizon facilitates long-term lease for Echoes Church at Mesa’s Mountain Vista Business Center

NAI Horizon facilitates long-term lease for Echoes Church at Mesa’s Mountain Vista Business Center

News & Updates

by | Feb 12, 2025 | News & Updates

     PHOENIX, ARIZONA (Feb. 12, 2025) – NAI Horizon First Vice President Kevin Higgins and Senior Vice President Thomas Smith, who leads NAI Horizon’s Church Realty Solutions (CRS) practice, represented the landlord, Superstition Development LLC of Tempe, Arizona, in a long-term lease for Echoes Church at the Mountain Vista Business Center, 10153 E. Hampton Ave., in Mesa, Arizona.

Echoes Church, founded by pastors Daniel Goulding and Joshua Paul in 2023, hosts three Sunday services at Desert Ridge High School in Mesa. The church’s mission, according to its website, is to help people echo the life of Jesus in their everyday lives.

The 10,660 SF flex/office long-term lease is valued at $864,082.

“This new location will provide Echoes Church with a permanent home, allowing them to expand their community outreach and better serve the growing congregation,” Higgins said. “This successful lease negotiation underscores the expertise of NAI Horizon’s Church Realty Solutions practice in facilitating real estate transactions for religious organizations.”

The tenant, Echoes Church, was represented by Chad Shipley with CRE8 Commercial Advisors.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.

About NAI Global

 Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

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by Feb 12, 2025
Arizona-based Silver Creek Development reflects on robust 2024, eyes promising growth in 2025

Arizona-based Silver Creek Development reflects on robust 2024, eyes promising growth in 2025

News & Updates

by | Feb 12, 2025 | News & Updates

SCOTTSDALE, ARIZ. (February 12, 2025) – Despite a turbulent and challenging 2024 in the real estate market, Silver Creek Development has emerged stronger and more resilient.

The Arizona-based private real estate developer and owner, with primary offices in Scottsdale and Los Angeles, reported notable success in 2024 amid industry-wide slowdowns triggered by rising interest rates resulting in a downturn in transaction volume.

Silver Creek focuses primarily on industrial and multifamily development and acquisitions with a primary geographic focus among the Mountain West region, and Texas. They also own office assets in Arizona, California, and Texas and two mixed-use hospitality projects. Collectively, the company owns, manages, or is in the process of developing about $2 billion in assets.

Silver Creek has a successful 25-year track record of acquiring and developing value-add apartments. At one point, the firm owned more than 18,000 units across the Sun Belt region. For the development pipeline, the company focuses on market rate, three- to four-story stick-built suburban product primarily in Arizona.

Last year, Silver Creek demonstrated adaptability and strategic acumen by leveraging market opportunities and focusing on its high-value investments. The company’s ability to navigate these turbulent times highlights its robust operational framework and visionary leadership.

“Silver Creek Development’s success in 2024 is a testament to our team’s resilience and forward-thinking approach, ensuring we remain at the forefront of the industry,” said head of industrial, Bob Micera. “We remained committed to delivering high-performance properties that provide outstanding returns for investors and for the communities where they are located.”

As Silver Creek looks forward to 2025, the company remains committed to bolstering its pipeline to drive growth and continues to manage and develop high-quality real estate projects. With a strategic focus on expanding its portfolio and capitalizing on emerging market trends, Silver Creek is poised to build on its success and deliver greater value to its investor base.

That success and the ability to deliver is evident in the six free-standing industrial development projects that Silver Creek has recently completed or are currently under construction. Silver Creek delivers its buildings in tenant-ready condition with an office suite, LED lighting package and 100 percent HVAC in the warehouse and a dock package.

Silver Creek’s target industrial product is free-standing industrial buildings ranging in size from 25,000 SF to 250,000 SF. This size range represents the highest demand category among tenants seeking to relocate in the Arizona market.

Sweetwater at Buckingham, Richardson, Texas

Silver Creek was very proactive in 2024 with the following among its multifamily highlights:

♦️ Silver Creek sold three of its multifamily value-add projects representing more than $150 million in value: Rosemont Cityview, Marietta, Georgia; Dawson Forest, Dawsonville, Georgia; and Sweetwater at Buckingham, Richardson, Texas.

♦️ Completed construction of its 187-unit multifamily project in Tempe, Arizona, and commenced lease up in Q4 2024 with stabilization expected by mid-2025.

♦️Finalized plans for its two-phase, 374-unit multifamily project to be built at Cooley Station in Gilbert, Arizona.

On the industrial front, the company accomplished the following:

♦️ Completed tenant improvement work, received a certificate of occupancy, and sold a newly developed free-standing industrial building in Glendale, Arizona.

♦️ Completed construction on three other free-standing Metro Phoenix West Valley industrial buildings in El Mirage (216,688 SF); Surprise (107,400 SF); and Avondale (86,372 SF).

♦️Achieved substantial construction progress on its eight-building, 330,000 SF industrial complex in Mesa, Arizona.

♦️Commenced construction of a 150,615 SF, free-standing industrial building in Surprise, Arizona.

♦️Refinanced construction loans on two of its industrial projects.

♦️Commenced lease-up initiatives for its recently completed industrial assets.

♦️Executed an early extension with its tenant, Michelin, and completed a parking lot expansion at its 2 MSF tire distribution asset in the Chicago MSA.

Apart from its industrial and multifamily development projects, Silver Creek successfully repositioned a Phoenix office asset by negotiating a termination fee with a dark tenant, extending lease terms and expanding space with two in-place tenants and refinanced the property.

“As we enter 2025, the Silver Creek team will continue with our development efforts and be nimble to adapt to the ongoing market conditions. We will continue to pursue attractive investment and development opportunities to support our efforts to maximize investor returns while mitigating risk through our hands-on oversight” said Silver Creek managing director Charles Essig.

Avondale Business Center, Avondale, Arizona, 86,372 SF.

Rosemont Cityview, Marietta, Georgia

About Silver Creek Development

Silver Creek Development is a Phoenix-based private real estate development and investment group focused on ground up development, as well as stabilized industrial, multifamily and office assets.  The firm values the opportunity to partner with local contractors, consultants, community leaders and residents in each market they invest which allows for a greater impact on overall development. It currently has five industrial development projects representing about 890,000 SF in various stages of development in Surprise, Avondale, Mesa, and El Mirage.  Its principals have amassed more than 100 years of industry experience, developing more than 10 MSF of projects in top-tier markets across the U.S. and Europe.  The firm, which manages a portfolio of about $2 billion in assets under ownership/development, operates out of Arizona, California, and New York.  To learn more, visit silvercreekdevco.com.

 

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by Feb 12, 2025
NAI Horizon facilitates long-term lease for supplier of cleanroom equipment in Deer Valley

NAI Horizon facilitates long-term lease for supplier of cleanroom equipment in Deer Valley

News & Updates

by | Feb 5, 2025 | News & Updates

     PHOENIX, ARIZONA (February 5, 2025) – NAI Horizon facilitated a long-term lease for a Phoenix-based company that distributes cleanroom custom gas monitoring system equipment. The lease is for 7,200 SF in the bustling Deer Valley submarket.

NAI Horizon’s Jay Mininberg, J.D., represented the tenant, Welmade Technology Corporation (Welmade) in the long-term lease at 2005 W. Deer Valley Road in Phoenix. Welmade is a contractor for the massive Taiwan Semiconductor Manufacturing Company (TSMC) chip facility in North Phoenix.

“This industrial lease agreement represents a significant achievement, facilitating Welmade’s year-end objective of relocating to a larger facility,” Mininberg said. “We are dedicated to supporting their continued growth and expansion within the market.”

Welmade was established in 2022 in Phoenix. It distributes custom gas monitoring system equipment for cleanroom and product line applications and provides integrated system services. Its support services include parts supply, technical consultancy, and system lifetime procurement management.

Its primary customers come from various fields, including electronics and semiconductors. Welmade also collaborates with research institutes, governments, and academic institutes.

The landlord, IP-2015 West Deer Valley Road, LLC, was represented by Dylan Scott with Kidder Mathews.

 About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.

About NAI Global

Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

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by Feb 05, 2025
Estrella adds to growth of West Valley, breaks ground on 508 homesites at village of Montecito

Estrella adds to growth of West Valley, breaks ground on 508 homesites at village of Montecito

News & Updates

by | Feb 4, 2025 | News & Updates

GOODYEAR, Ariz. (Feb. 4, 2025) – Underscoring a resolute commitment to creating the West Valley’s most vibrant and thriving community, Estrella Development Company and award-winning homebuilders Lennar and Richmond American Homes broke ground recently on 508 homesites at the village of Montecito at Estrella in Goodyear, Arizona.

Jeff Zimmerman, Vice President of Development for Estrella Development Company, said the future homesites mark a new chapter for Estrella’s innovative and dynamic community.

 “Over the past year, we have successfully sold 719 homesites within the villages of Lucero and Montecito. This achievement highlights Estrella’s appeal and the strong demand for quality housing in our master-planned community,” Zimmerman said. “The recent sale of 508 homesites in Montecito to renowned national homebuilders Lennar and Richmond American Homes is a testament to the trust and confidence that these award-winning builders have in our vision. These partnerships are essential in delivering high-quality homes to our residents.”

As the West Valley experiences a boom in quality employment, commercial, entertainment, and retail offerings, homebuilders are increasingly turning their attention to the neighborhoods Estrella provides, Zimmerman said, adding that “our community is perfectly positioned to benefit from this growth.”

Estrella, one of the largest master-planned communities in the Southwest, is located in the bustling West Valley, in one of the fastest-growing communities in the U.S. The new neighborhoods will offer a variety of home styles and floor plans to meet the diverse needs and preferences of modern singles, couples, and families.

The groundbreaking, which drew more than 350 people, was attended by officials with the City of Goodyear, including Mayor Joe Pizzillo, Vice Mayor Wally Campbell, and Councilwoman Benita Beckles, and stakeholders associated with the project.

“This purchase represents a continuation of our legacy of building at Estrella over the years. We firmly believe in Estrella and with the West Valley’s booming economy, coupled with Estrella’s well-planned infrastructure and vibrant community spirit, we’re confident this is an ideal place for families to call home,” said Jeff Gunderson, Senior Vice President | Land Operations, with Lennar.

Estrella is a joint venture with Scottsdale-based Harvard Investments, Toll Brothers, and Värde Partners. It has been instrumental in bringing unparalleled expertise and resources to Estrella. This collaboration assures the delivery of a top-tier development that meets the highest standards of quality, design, and livability.

“In just three short years under this new leadership, Estrella has made remarkable strides. We’ve seen significant milestones achieved and are planning a bright future ahead,” said Harvard Investments President Tim Brislin. “The community looks better – and lives better – and those improvements are benefitting current residents and hundreds of folks who move to Estrella in the near future.”

Metro Phoenix is witnessing the nationally-recognized Goodyear growth in real time. Its weekly announcements of new restaurants, office, manufacturing, entertainment, and solid job creation, combined with Estrella’s excellent location, amenities and well-planned infrastructure, make this rare combination an ideal place for families to thrive, said Richmond American Homes Division President Rick Morris.

“Richmond American Homes has remained committed to Estrella because of its comprehensive development plan that aligns with our vision of creating first-class living options. We have been building at Estrella for many years but the opportunity to be part of this dynamic new reset was particularly enticing,” Morris said.

The project team includes Silver Fern Companies, Otago Development, Rummel Construction, DCS Contracting, Rhino Contracting, and Land Advisors Organization.

After the groundbreaking ceremonies, a “Touch-A-Truck” kids’ event was held. It was their chance to engage with the earth-moving equipment that will help shape the new neighborhoods.

About Estrella

Home to more than 8,200 families, Estrella is a 20,000-acre mixed-use master-planned community located in the City of Goodyear, approximately 17 miles west of Phoenix. Estrella’s 500-plus acres of open space include more than 50 parks and 65 miles of paths and trails, plus 72 acres of lakes for kayaking, sailing, and catch-and-release fishing. Amenities include Starpointe and Presidio Residents’ Clubs, the Yacht Club of Estrella, two fitness centers, resort-style swimming pools, basketball, volleyball, pickleball, and tennis courts. Estrella is also home to a Nicklaus-design Championship golf course, The Golf Club of Estrella. Estrella is owned in a joint venture among Värde Partners, Toll Brothers, and Harvard Investments. For more information about Estrella, please visit estrella.com.

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by Feb 04, 2025
Terracon Foundation awards more than $117,700 in university, community grants; $5,000 in Arizona

Terracon Foundation awards more than $117,700 in university, community grants; $5,000 in Arizona

News & Updates

by | Feb 4, 2025 | News & Updates

TEMPE, ARIZ. (Feb. 4, 2025) – The Terracon Foundation announced the award of $117,723 in grants and scholarships to four universities and 21 nonprofit organizations throughout the U.S., resulting in more than $500,000 in total giving in 2024. Grants to two groups in Arizona totaled $5,000.

“The focus of the Terracon Foundation is on education and the built and natural environment,” said Derek Koller, CIH, CHMM, Chair of the Terracon Foundation and Manager of the company’s Tucson office. “That is paired with the goal for these grants to make a meaningful difference in the lives of our employee-owners and the communities we serve. Our employees who personally champion these grant recipients make it all happen.”

The Terracon Foundation awarded more than $67,000 in community grants to 21 nonprofit organizations including the Arizona State University student-run food pantry in Tempe, Arizona, $1,000; and the Southern Arizona Environmental Management Society in Tucson, Arizona, $4,000.

The Terracon Foundation also awarded $50,000 in grants to four universities: the University of North Florida, the University of Washington, the Virginia Tech Foundation, and Wake Technical Community College in Raleigh, North Carolina.

About the Terracon Foundation

Established as the community investment arm of Terracon, the Terracon Foundation has made nearly $5 million in grants to community organizations, universities, scholarships for dependents of employees, and disaster relief efforts since 2008. Total giving in 2024 exceeded $500,000.

About Terracon

Terracon is an employee-owned, multidiscipline consulting firm comprised of more than 7,000 curious minds focused on solving engineering and technical challenges from more than 180 locations nationwide. In 2025, we celebrate Terracon’s 60th anniversary with gratitude to our employees and clients and excitement for the future as Our Adventure Continues. Explore with us by visiting terracon.com.

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by Feb 04, 2025