ARIZONA’S MOST INNOVATIVE
COMMERCIAL REAL ESTATE FIRM

In 2021, Salt River Devco sought a trusted partner to manage the expansive Chaparral Business Center in Scottsdale. They turned to Plaza Companies — one of Arizona’s most experienced and respected commercial real estate firms — for the property management contract for the 70-acre, six-building complex, a major hub for professional offices strategically located along…

Holualoa Companies’ Property Refurbished by Plaza Companies’ Property Management and Construction Teams to Create Unique Office Environment A significant transformation is complete at WaterView, a premier Class A commercial office complex located in the heart of Phoenix’s iconic Camelback Corridor. Situated on 11+ acres at the intersection of Highland Avenue and 22nd Street, WaterView sits…

Nonprofit Delivering Life-Changing Career Services to Women, Teens, and Young Adults Becomes the Newest Addition to Revitalized Central Phoenix Property Park Central will soon become home to Dress for Success Phoenix, providing the nonprofit with an expanded and high-profile new location in the heart of Phoenix’s business community. Taking place on June 1, the move…

When Altera Fund Advisors, a nationally respected real estate investment firm specializing in medical and healthcare properties, sought expert property management for key assets in their Arizona portfolio, they turned to Plaza Companies — a long-time leader in healthcare real estate services. Altera entrusted Plaza with the management of four significant medical office properties across…

Plaza Companies and Fayth Hospitality have unveiled plans for a new dual-brand hotel development in the thriving North Phoenix area, with anticipated Hilton flagships Tapestry Collection and Homewood Suites by Hilton. The project is located on a prime 8.15-acre parcel at the southeast corner of 64th Street and Mayo Boulevard, recently acquired from K. Hovnanian. The…

Plaza Companies is expanding its presence in the hospitality industry with the formation of a new arm of the business to pursue hotel and lodging projects. The new division will build off Plaza’s success with mixed-use, office, bioscience, medical, and senior living properties, and comes fresh off the launch of the new Home2 Suites/Tru by…

The bioscience sector is rapidly transforming the commercial real estate market, driving demand for specialized laboratory spaces, research hubs, and biotech campuses. As advances in medical research, pharmaceuticals, and biotechnology surge, the need for high-quality lab space is outpacing supply, leading to a real estate boom in cities with strong life sciences ecosystems. A Shift…

Public art is becoming an essential element in real estate development, transforming commercial and residential spaces into vibrant, engaging communities. Developers are recognizing that murals, sculptures, and interactive installations can enhance property values, attract tenants, and create a sense of place. Enhancing Curb Appeal and Community Identity Public art brings a unique aesthetic that can…

In today’s rapidly evolving real estate market, data analytics has become a powerful tool for investors looking to make informed, strategic decisions. By leveraging big data, predictive modeling, and real-time insights, investors can assess risks, identify opportunities, and maximize returns. 1. Market Trends and Demand Forecasting Data analytics allows investors to track market trends, such…

From the Phoenix Business Journal regarding the WearTech Applied Research Center at Park Central The Arizona Commerce Authority and industry leaders are investing $4.2 million to support commercialization of seven new applied research projects in Arizona within the wearable tech sector. The Partnership for Economic Innovation announced Monday it received $2 million from the ACA…

Tenant improvements (TIs) are a crucial aspect of commercial real estate, allowing landlords and tenants to customize spaces to meet business needs. Whether you’re upgrading an office, retail space, or industrial property, careful planning is key to a smooth and successful improvement process. Here are important factors to consider. 1. Clear Communication and Planning Start…

Choosing the right commercial property management company can make a significant difference in the success and profitability of your real estate investment. Whether you own office buildings, retail centers, or industrial properties, a well-equipped management firm ensures smooth operations, tenant satisfaction, and long-term asset value. Here are key factors to consider when selecting a commercial…

Basement Below Revitalized Building Provides Unique Way to Utilize Space The iconic Burgbacher Building at Park Central in Phoenix has undergone a unique transformation that is bringing new life to its expansive basement space. In a creative move to enhance the property’s utility, this previously underutilized area is being converted into a state-of-the-art self-storage facility,…

Transit-oriented development (TOD) has become a driving force in shaping modern commercial real estate. By focusing on mixed-use developments near major transit hubs, TOD is transforming how businesses, residents, and developers approach urban spaces. 1. Enhancing Accessibility One of the primary appeals of TOD is its emphasis on accessibility. Commercial properties near transit hubs offer…

The office sector is undergoing a major transformation as businesses demand more flexible lease terms. In an era defined by remote work, hybrid models, and economic uncertainty, adaptability has become a priority for both tenants and landlords. Meeting the Demand for Agility Traditional long-term leases often fail to meet the needs of modern businesses, particularly…

Commercial real estate has always been closely tied to broader economic trends, and today’s market is no exception. Recent economic shifts, including fluctuating interest rates, changing consumer behavior, and supply chain disruptions, are significantly influencing commercial property prices. Understanding these trends is vital for investors, developers, and landlords looking to navigate this complex landscape. One…

The commercial real estate (CRE) market is poised for significant shifts in 2025, driven by evolving economic conditions, technological advancements, and societal changes. Investors, developers, and businesses need to adapt to these trends to remain competitive and capitalize on emerging opportunities. Hybrid Work and Office Space The hybrid work model, cemented during the pandemic, continues…

Property management in commercial real estate (CRE) is evolving rapidly, driven by technology and innovative approaches that improve efficiency, tenant satisfaction, and profitability. From smart building systems to advanced automation, these innovations are transforming how properties are managed and maintained. 1. Smart Building Technology The rise of IoT (Internet of Things) is revolutionizing property management….

Demographic changes, such as population growth, aging, and migration patterns, are reshaping the commercial real estate (CRE) landscape. Investors and developers must adapt to evolving preferences and needs to capitalize on new opportunities and stay competitive. 1. Growth of Urban Centers The continued migration to urban areas, especially among younger populations, has intensified demand for…

The shortage of affordable housing has reached critical levels, impacting communities, economies, and individuals worldwide. Commercial real estate (CRE) developers, investors, and policymakers have a significant role to play in addressing this crisis by creating sustainable, cost-effective solutions that balance profitability with social responsibility. 1. Mixed-Use Developments with Affordable Units CRE developers are increasingly incorporating…

The healthcare industry employs one out of every eight people in the American economy, making it a driving force for economic growth.  In this public health environment, medical providers are likely to expand in new ways that will redefine healthcare practice space.  There are multiple types of commercial real estate properties that best fit the…

Embracing Sustainability in Your Office Companies can find many ways to implement more eco-friendly policies in their offices. Starting a sustainability team, creating monthly challenges, turning off equipment at night, embracing renewable energy, and going paperless are all simple ways to practice office sustainability. When your workplace is ready to turn more environmentally friendly, researching…

Real Estate Negotiating Negotiating a commercial real estate lease can be difficult, but knowing how to approach it helps prevent any negative repercussions for your company in the future. Prior to negotiating, it is important to first evaluate your needs, costs, and lease options. Researching market rents and comparable properties are important before negotiating tenant…

Peggy Maxwell Receives Most Influential Women in Commercial Real Estate Recognition Peggy Maxwell of Plaza Companies has been selected as one of the Most Influential Women in Commercial Real Estate for 2020 by AZ Business & AZRE magazines. This honor takes more than 2,000 women in consideration within the Commercial Real Estate industry and honors…