This year, experts still see Arizona as a hotspot for commercial real estate activity and development.
While activity in other markets across the nation is starting to fizzle out, Arizona has yet to enter the ninth inning of the business cycle as a result of its slow and steady recovery following the recession.
AZRE identifies 40 companies with major projects in the pipeline for 2017 that are worth keeping an eye on.
Willmeng Construction, Inc.:
Willmeng plans to construct a mixed-use project called Union32 with 135 Class A multifamily units and 42,000 square feet of ground floor Class A office space. The multifamily portion will have views of Camelback Mountain, a rooftop amenity deck and a rooftop pool. Willmeng will also work on Park Place II — a 2 million-square-foot business campus with plans for eight buildings at full build-out — in Chandler along the Price Road Employment Corridor.