Real Estate

Meta Platforms sells East Valley land to data center developer

February 28, 2023

Amid a large investment in the Phoenix metro, EdgeCore Internet Real Estate has acquired nearly 15 acres of land in Mesa. The previous owner, California-based Meta Platforms Inc. (Nasdaq: META), the parent company of Facebook, sold the land to Denver-based EdgeCore for nearly $1.2 million, according to an affidavit of property value recorded in Maricopa County. The site has an address of 3856 S. Everton Terrace, near the intersection of Ellsworth and Elliot roads in Mesa, according to real estate database Vizzda.

Insight cuts ribbon on new global headquarters in Chandler

July 20, 2022

Insight Enterprises, a Fortune 500 solutions integrator helping organizations accelerate their digital journey, welcomed local innovation leaders to the grand opening of Insight Way, Insight’s new global headquarters based in Chandler, Arizona, designed as a modern workplace for the hybrid, anywhere worker. The more than 200,000-square-foot innovation hub, located at 2701 E. Insight Way, emphasizes collaboration via 83 meeting spaces, and mobility through technology that allows Insight’s 1,400 Arizona teammates to transition effortlessly between collaborative teamwork in the office and individual work at home or anywhere else.

Meta expands plans for proposed large-scale Mesa data center

May 11, 2022

Even though the first phase is still under construction, Meta Platforms Inc. (Nasdaq: FB), the parent company of Facebook, announced Wednesday that it is expanding the scope of its data center project in Mesa. In the summer of 2021 — under the pseudonym Redale LLC — Meta acquired 396 acres in Mesa on the southeast corner of Elliot and Ellsworth Roads for $123.2 million where it said it would build a $800 million data center. The first phase, which includes two buildings, is already under construction.

Materials matter in combating climate change

May 6, 2022

Tackling climate action in the building industry starts with making conscious decisions about the materials with which we build. Today, the production, maintenance and disposal of the materials used in building construction are responsible for 11% of global greenhouse gas emissions. This accounts for roughly a quarter of annual building sector emissions, a percentage which is growing.

Carvana signs sublease for most of University of Phoenix’s Riverpoint campus

March 3, 2022

E-commerce giant Carvana has been growing rapidly during the Covid-19 pandemic and it recently signed a 267,962-square-foot sublease in Phoenix to house its burgeoning staff. Carvana, the Tempe-based car seller, has agreed to sublease a significant portion of the University of Phoenix’s buildings at the Riverpoint campus at 4025 S. Riverpoint Parkway in Phoenix, according to the university.

Viavi signs lease for new global headquarters in Chandler

February 25, 2022

Viavi Solutions, a tech company that shifted its head office from California to Arizona in 2021, is expanding its footprint in Chandler after realizing it needs more space than it originally anticipated. Viavi Solutions bought a 104,000-square-foot space at the Chandler Airport Commerce Center just south of the airport last year, with the original intent of housing both its global headquarters and manufacturing operations in the facility.

Amazon makes more big industrial moves in Mesa

January 24, 2022

Amazon.com Inc. has multiple major developments in the works in Mesa. One of the world’s largest and most valuable companies is spending millions of dollars on at least three new warehouse projects near the Phoenix-Mesa Gateway Airports.

Carvana to expand headquarters in Tempe as it expects to add 1,000 more employees

January 7, 2022

Online car retailer Carvana plans to expand its corporate campus in Tempe with more than 241,000 square feet of new office space in the growing Rio Salado employment corridor. Carvana will build two office buildings and two parking garages on a mostly vacant 15-acre property at the southeast corner of Rio Salado Parkway and Priest Drive where the company occupies an existing office.

GoDaddy moving into new headquarters in this tech-rich portion of metro Phoenix

January 5, 2022

GoDaddy Inc. is in the final stages of moving into a new headquarters in Tempe, joining a growing mix of companies in the technology-rich southeast Valley.

Behind the deal: Why Carvana purchased 150 acres in Surprise for a facility that could employ hundreds

December 10, 2021

Newly released documents have revealed more details about why online car retailer Carvana Co. purchased 150 acres and what it could be envisioning for a new inspection center in Surprise. In September, Tempe-based Carvana (NYSE: CVNA) purchased the Cactus Commerce Center on the northeast corner of Cactus and Litchfield roads for $25 million. The site was previously owned by Surprise/Dysart Properties LLC.

Real Estate

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