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Latest News in Gilbert, AZ
The Reserve at San Tan in Gilbert sells for $53.1M
Newmark announced it has completed the $53.1 million sale of The Reserve at San Tan, a 149,321-square-foot, trophy-quality office property in Gilbert, Arizona. Newmark Executive Managing Director CJ Osbrink and Managing Director Scott Scharlach led the sale, along with Co-Head of U.S. Capital Markets ...
Newmark announced it has completed the $53.1 million sale of The Reserve at San Tan, a 149,321-square-foot, trophy-quality office property in Gilbert, Arizona. Newmark Executive Managing Director CJ Osbrink and Managing Director Scott Scharlach led the sale, along with Co-Head of U.S. Capital Markets Kevin Shannon and his team. Executive Managing Director and Market Leader Mike Garlick also played an instrumental role in the sale and has been retained by new ownership to lead leasing efforts at the property. The seller was Orsett Properties, and the buyer was West Valley Properties, Inc.
The Reserve at San Tan is a 149,321-square-foot, trophy-quality office complex situated on a 12.78-acre site. Built in 2020, the property comprises two, three-story multi-tenant office buildings connected by a common area tenant amenity lounge. The building offers high-end spec suites with open ceilings, creative office finishes and abundant covered surface parking. Additional features include monument signage, building signage, tenant lounges, PRESS coffee on-site and conference facilities.
“This offering generated significant investor interest as a result of its best-in-class new construction, attractive WALT and increased tenant demand,” said Osbrink. “Its location in one of the most active office submarkets in the Phoenix area and status as one of the newest and highest-quality office projects in the region will make it a valuable investment for new ownership.”
“The Orsett team is delighted at how smoothly this transaction went from start to finish. Despite the challenges presented to the office market over the past 2.5 years, lease-up demand at this project remained strong – which I believe is a testament to the collaborative efforts and successful execution by our shell architects at Butler Design Group, interior designers at Phoenix Design One and marketing team at Newmark, to deliver a uniquely attractive class-A office experience,” said Scott Feuer, CEO of Orsett Properties.
The Reserve at San Tan is located within the Southeast Valley, a submarket that has attracted tenant interest due to its diverse labor pool, access to multiple freeway systems and proximity to new attainable housing. The property presents immediate access to the Loop 202 Freeway via full diamond interchanges at Gilbert, Cooper and Lindsay Roads. Tenants are able to benefit from a three-minute drive or five-minute walk to nearly 40 restaurants and over 1.2 million square feet of retail at Crossroads Towne Center. In addition, located just 15 minutes north, The Gilbert Heritage District offers a vibrant dining scene.
The Phoenix Metro office market has held on strong, according to Newmark Research, avoiding many of the obstacles other large metros across the country have experienced due to impacts of COVID-19 on the office sector and the economy overall. Despite heightened vacancy compared to pre-COVID-19 rates, the Phoenix office market has not returned to the elevated vacancy experienced as recently as 2016 and 2017.
San Tan Valley resident becomes a finalist in the ‘Hot Wheels Legends Tour’
Copy This Embed Code: Ad GILBERT, AZ — The ‘Hot Wheels Legends Tour’ announced the winner of its Arizona stop that took place in Gilbert! Say hello to the 2017 Radio Flyer Wagon Roadster!“Unlike anything else on the road, the 2017 Radio Flyer Wagon Roadster was entirely custom designed and built by Mitchell Elsberry of San Tan Valley, Arizona. This street-legal, steel-bodied roadster features a cus...
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GILBERT, AZ — The ‘Hot Wheels Legends Tour’ announced the winner of its Arizona stop that took place in Gilbert! Say hello to the 2017 Radio Flyer Wagon Roadster!
“Unlike anything else on the road, the 2017 Radio Flyer Wagon Roadster was entirely custom designed and built by Mitchell Elsberry of San Tan Valley, Arizona. This street-legal, steel-bodied roadster features a custom-built chassis and LS-1 engine with 700R4 transmission. A plumber by trade, Mitchell is a self-taught builder who created this vehicle as an alternative for his family to take to events. In fact, they have already put 6K+ miles on this passion project,” read a statement sent to ABC15 from the Hot Legends Tour officials.
What does this mean for our local winner? At each stop of the ‘Hot Wheels Legends Tour’, judges select one vehicle to be a finalist in the competition. Mitchell Elsberry, the winner of the Arizona tour stop will now have a chance at the Global Grand Finale.
The finalists will then compete side-by-side in November where one will be selected as the winner and "will have their car inducted into the Hot Wheels Garage of Legends and immortalized as an official Hot Wheels 1:64 die-cast.”
Your car needs three things to win and have it “immortalized” as a Hotwheels; it needs authenticity, originality and garage spirit.
Didn’t have a chance to check out the Arizona tour stop? Here are the upcoming Hot Wheels Legends Tour stops in the country:
LOVE HOT WHEELS?
The video in the player above talks about VAI Resort: the 60-acre entertainment resort coming to Glendale in 2023.
This area in the West Valley is where Mattel plans to open an adventure park with a Hot Wheels-themed roller coaster. It’ll be located on the southwest corner of 95th Avenue and Cardinals Way. Read more about it, right here.
Copyright 2022 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
‘Belly Kitchen & Bar’ opens at the Epicenter in Gilbert
Copy This Embed Code: Ad GILBERT, AZ — ‘Belly Kitchen & Bar’ is known for its “confluence of Vietnamese, Thai & Japanese” dishes and will now be sharing its flavors in the East Valley. That's right, the second location of Belly is now open at the ...
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GILBERT, AZ — ‘Belly Kitchen & Bar’ is known for its “confluence of Vietnamese, Thai & Japanese” dishes and will now be sharing its flavors in the East Valley. That's right, the second location of Belly is now open at the Epicenter in Gilbert!
“It’s a great low-lit date night spot, a bit romantic-you know- but also very casual. Like come as you are- it’s not stuffy- if you want to dress up you totally can, if you want to come in [with] cargo shorts, that’s totally fine too,” said Michael Babcock, culinary director and Co-Founder at Instrumental Hospitality, in an interview with ABC15.
WHAT TO EXPECT
According to Babcock, this new location is much bigger than their Phoenix location and this space allows them to have different equipment- like a grill- and allows them to offer a “full service, full-menu style restaurant.”
“Gilbert will also feature some more like large format style plating for big parties and families, like whole fried chicken and whole fish [or] something like a Tomahawk Style Steak,” shared Babcock.
PASSION BEHIND THE CONCEPT
"Belly" is the first restaurant from Instrumental Hospitality Group. The concept behind the kitchen and bar goes beyond just being a business, it hits home for Babcock
“Basically, Belly’s concept is a collection, [it's] 15 years of passionately studying food from that region, for me. Traveling to Vietnam, spending a month in Thailand just to study the food of the northern area of Thailand. It’s a part of my cooking history since I was 20 years old,” shared Babcock with ABC15. “I’m also part Japanese and raised by my Japanese grandmother, so there’s a… personal side to it; it’s food that I grew up around. I love it.”
IF YOU GO
WHAT ELSE IS NEW IN GILBERT?
The video in the player above showcases O.H.S.O. Brewery’s 'The Park' in Gilbert; another new addition to the East Valley. You can read all about it, right here.
Test shows Gilbert has fastest internet speed among 100 biggest cities
AZ Business Magazinehttps://azbigmedia.com/lifestyle/test-shows-gilbert-has-fastest-internet-speed-among-100-biggest-cities/
Cox Communications today announced that its high-speed internet service has been recognized by Ookla Speedtest, the global leader in network intelligence and connectivity insights, as offering America’s fastest internet download speeds in the second quarter of 2022. According to consumer-initiated tests taken with Ookla Speedtest, Cox internet service led among U.S. internet service providers with median download speeds of 196.73 Mbps. Additionally, Cox has the fa...
Cox Communications today announced that its high-speed internet service has been recognized by Ookla Speedtest, the global leader in network intelligence and connectivity insights, as offering America’s fastest internet download speeds in the second quarter of 2022. According to consumer-initiated tests taken with Ookla Speedtest, Cox internet service led among U.S. internet service providers with median download speeds of 196.73 Mbps. Additionally, Cox has the fastest internet download speeds in Gilbert, Arizona, which took the top spot in the Q2 2002 as the fastest city for median download speeds over fixed broadband among the 100 most populous cities in the United States.
“Ookla has been recognized as the standard for internet testing for decades. In Arizona, where internet is essential to our personal and business lives, speed is king. We are proud to deliver that for our customers,” said Percy Kirk, Vice President and Region Manager for Cox Southwest.
During the past year, Cox has raised speeds for the majority of its customers — including Gilbert internet customers — by increasing its Preferred tier download speed by nearly 70 percent to 250 Mbps, doubling the download speed on affordability tiers like Connect2Compete and ConnectAssist, and bringing existing Cox Essential tier customers’ download speeds up to 150 Mbps. Cox also introduced 2 gigabit symmetrical speeds in several neighborhoods.
In the last 10 years, Cox has invested more than $19 billion in network and product upgrades to deliver some of the most powerful high-speed internet, TV, phone, and home security and automation services, as well as a growing suite of business offerings such as its cloud and edge services. The company will make a multibillion-dollar annual infrastructure investment over the next several years to build a 10-Gigabit capable, fiber-based network that will power the next generation of internet users.
Cox customers seeking to measure their in-home internet speed should download Ookla Speedtest for their desktops and mobile devices. Ookla Speedtest can also be run from a web browser at www.speedtest.net.
Internet speed test results can vary based on several factors such as the devices themselves, the location of the equipment and sharing connections. Most individual devices like smartphones, tablets, and laptops aren’t capable of supporting super-fast speeds. The age and capabilities of the modem or router from which the test is run can also impact result. Newer model modems can better leverage available network capacity. Device network interface is also important. For speed tiers above 100 Mbps, your router, modem, or hardwired device must have a 1 Gbps Ethernet Port. The amount of people sharing the connection also impacts speeds, but it’s important to remember that most households can run multiple devices at one time seamlessly with 250 Mbps download speeds, where people spend a majority of their time.
Wall of dust covers Chandler, Gilbert area; thousands without power at height of storm
PHOENIX (3TV/CBS 5) — A First Alert Weather Day has been declared for Friday as a massive wall of dust moved through the Southeast Valley. The dust storm formed in Casa Grande and moved into the Chandler and Gilbert area around 6 p.m. The wall of dust, which some call a haboob, was roughly 50 miles wide and up to 6,000 feet tall. Aerials from Arizona’s Family news chopper showed the dust consuming different neighborhoods. It was one of the most spectacular walls of dust so far this monsoon. Peak wind gusts reached up to 65...
PHOENIX (3TV/CBS 5) — A First Alert Weather Day has been declared for Friday as a massive wall of dust moved through the Southeast Valley. The dust storm formed in Casa Grande and moved into the Chandler and Gilbert area around 6 p.m. The wall of dust, which some call a haboob, was roughly 50 miles wide and up to 6,000 feet tall. Aerials from Arizona’s Family news chopper showed the dust consuming different neighborhoods. It was one of the most spectacular walls of dust so far this monsoon. Peak wind gusts reached up to 65 miles per hour, and there were numerous reports of zero visibility in the storm.
However, the storm and strong winds left many without power. At the storm’s height, nearly 5,000 SRP customers were without power in the Southeast Valley. Meanwhile, for APS customers, about 2,000 people didn’t have power in the metro Phoenix area.
The National Weather Service issued a severe thunderstorm warning for parts of the East Valley, including Chandler, Gilbert and Apache Junction. It expired at 6:30 p.m, and no rain storms came through. However, some parts of San Tan Valley got a few hundredths of an inch of rain.
Earlier on Friday afternoon, aerials from Arizona’s Family’s news chopper spotted blowing dust close to Fountain Hills and ominous clouds in the distance. It appeared the storms might bring rain, but they fizzled before hitting the Valley. Then the massive haboob hit from the southeast. Parts of Pinal County were under a dust storm warning, but that has also expired.
The Valley is under a severe thunderstorm watch until 11 p.m. for isolated rain, wind gusts and lightning. There’s about a 30 to 40% chance of rain, and the wet weather could come during the evening commute. Click/tap here for live radar.
AZFamily's First Alert Weather App First lets you track storms and get severe weather alerts wherever you are. Get animated radar, hourly and 10-day forecasts, video updates, rainfall totals, and an interactive traffic map. It also provides a 250-meter radar, which is the highest resolution possible. This radar allows you to look into the future so you can see where the storm is headed.
Have any weather-related pictures you want to share with us? Submit your photos below.
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