(Disclosure: Rose Law Group represents Greenlight Communities, Haydon Companies and Toll Brothers.)
By AZ Big Media
From game-changing hospitality projects like The Global Ambassador in Phoenix to massive industrial projects like Park303 in Litchfield Park, commercial real estate construction in Arizona has had a profound impact on the state’s economy, landscape and urban development. And that impact will be showcased at AZRE’s sold-out 2024 RED Awards, which honor the year’s top architects, contractors, developers and projects.
The rapid growth of cities like Phoenix, Buckeye, Goodyear and Gilbert has been closely tied to the expansion of commercial real estate projects. These developments include office buildings, retail spaces, hotels and industrial facilities, all contributing significantly to job creation and economic prosperity.
One notable impact is the diversification of Arizona’s economy. The construction and subsequent operation of commercial real estate ventures have attracted businesses from various industries, fostering a more robust and resilient economic environment. The influx of companies has not only stimulated job markets but has also increased the demand for ancillary services, such as hospitality, retail and professional services.
The state’s skyline has transformed as a result of ambitious construction projects. High-rise buildings and modern office spaces have become emblematic of Arizona’s economic progress. This shift has not only elevated the visual aesthetics of urban areas, but has also positioned the state as an attractive destination for businesses seeking cutting-edge facilities.
And those cutting-edge facilities will be showcased at the 2024 Real Estate Development (RED) Awards — which are considered the Academy Awards of Arizona’s commercial real estate industry. From a record number of nominations, the 2024 RED Awards will honor the year’s top architects, contractors, developers and projects. Finalists in 20 different categories will be celebrated at a sold-out awards event on Thursday, March 14, 2024, at Chateau Luxe in Phoenix. Details can be found at azbigmedia.com. Sponsors for the 2024 RED Awards include DP Electric (beverage sponsor), Layton Construction (dessert sponsor), Clayco (red carpet sponsor), Cawley Architects (valet sponsor), Trinity Underground (photo booth sponsor), Arizona Escrow & Financial Corporation (floral sponsor), Willmeng Construction (lanyard sponsor), Merestone (production sponsor) and PJs Flowers (floral provider).
