Seefried Industrial Properties, in partnership with WDP Partners, has broken ground on a new Class A industrial project at 1703 S. Arizona Ave. (State Route 87) in Chandler. Situated on 16.7 acres just north of Germann Road, the two-building project will add 269,100 square feet of modern industrial space to the Chandler Airpark submarket, the city’s fastest-growing employment … [More]
Global Real Estate Partnership Enters Phoenix Market with Surgery Center Acquisition
Lincoln Property Company, a global, full-service real estate firm with over $31 billion of assets under management, and PGIM, the global investment management business of Prudential Financial Inc., today announced the acquisition of Surgery Center of Gilbert, located in metro Phoenix’s East Valley submarket. The purchase represents Lincoln and PGIM’s first acquisition together … [More]
Six New Leases Expand Retail and Dining at Goodyear’s 150-Acre GSQ
Six new leases signed at GSQ mark the latest step forward for the 150-acre mixed-use development as it continues to build out Goodyear's emerging town center. The newest leases introduce more dining, retail and beauty concepts to the West Valley. Sephora and J.Crew Factory Outlet will open next to each other in 2027, each occupying 5,000 square feet. The global prestige beauty … [More]
Mesa Clears Key Hurdle for Record $3B Private Development
The Mesa City Council unanimously approved a development agreement for Legacy Park and Gateway Crossing, marking a major step toward a roughly $3 billion private investment in southeast Mesa. The development builds on years of public and private investment in the Gateway area and the growth surrounding major economic and community assets including Mesa Gateway Airport, … [More]
103K-SF Surprise Development Marks National Firm’s Arizona Debut
Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Delray Beach, Fla., announced the acquisition of land and closing of a $20.5 million construction loan for a new self-storage development at 17140 W. Waddell Road in Surprise, Ariz. The transaction closed on Sept. 2, 2026. The project marks Basis Industrial’s first self-storage … [More]
The Restaurant-District Model Finds an Unexpected New Market
The approach senior living communities take to dining has fundamentally changed. Where shared cafeteria-style spaces once dominated, today's communities’ providers are embracing a hospitality-first philosophy that mirrors the variety, energy, and identity of a thriving restaurant district. Residents are arriving with higher expectations, and the industry is responding with … [More]
National Builder Breaks Ground on New Luxury Home Community in the East Valley
Tri Pointe Homes, one of the largest homebuilders in the U.S., announced that construction is underway at Lusitano, a new self-developed community spanning approximately 40 acres at the southwest corner of Pecos and Greenfield Roads in Gilbert, Arizona. Planned for 76 single-family homesites, including 65 standard homesites and 11 oversized homesites, Lusitano is designed to … [More]
National Wealth Firm with $10B under Management Anchors 33K-SF Leasing Wave at SkySong
SkySong, The ASU Scottsdale Innovation Center, is continuing to attract significant new investment and expansion from growing companies, highlighted by Modern Wealth’s move to a 24,526-square-foot flagship office occupying the top floor of SkySong 5. The move follows Modern Wealth’s acquisition of Mesa-based Public Safety Financial/Galloway, a landmark transaction that … [More]
Sprouts to Open at Newly Completed 50K-SF Eastmark Retail Hub
Common Bond Development Group, the award-winning team behind class-leading lifestyle destinations such as The Global Ambassador and The Park at 83, has announced the completion of development and a lineup of tenants coming to Eastmarket at Eastmark, anchored by the forthcoming grand opening of Sprouts Farmers Market on September 18. The debut of Sprouts marks the official … [More]
Landmark Phoenix Tower Secures $44.5M for Multi-Tenant Transformation
Foundation 8, LLC and the Hilco Global Real Estate Capital practice announced the closing of a $44.5 million loan secured by the office component of 333 N Central Avenue, a landmark mixed-use tower in Downtown Phoenix. The financed property comprises 246,490 square feet of Class AA office space across the top eight floors of the tower, 2,522 square feet of ground-floor … [More]
45K-SF Industrial Campus Breaks Ground near Phoenix-Mesa Gateway
Commercial Properties, Inc. / CORFAC International and The Leroy Breinholt Team announced construction is underway at Signal Butte & Germann, a new Class A light industrial development by Dale Cavan and Cavan Commercial announce the firm's appointment as the exclusive brokerage for the project. Located at 7423 E. Signal Butte Road in Mesa, Arizona, the 45,021-square-foot … [More]
Scottsdale Commercial Real Estate Firm Acquired in $1.6B Deal
Cerberus Capital Management, L.P., a global alternative investment firm with established corporate credit and real estate platforms, announced that certain funds and accounts have sold Tenet Equity to CBRE Investment Management, which is making its investment on behalf of several of its investment strategies, for $1.6 billion. Cerberus founded Tenet in 2021 alongside … [More]
Major East Valley Development Unveils Wave of New Tenants
Heritage Park, the mixed-use destination rising at the northern gateway of Gilbert's Heritage District, announced the first five tenants set to open at the development — led by Arizona's first Popup Bagels and three East Valley firsts — as construction continues to advance toward early second-quarter 2027 openings. Popup Bagels will bring its first Arizona location to Heritage … [More]
110-Acre Factory Breaks Ground to Supply Greater Phoenix Building Boom
Clark Pacific announced it has broken ground on a new manufacturing plant in Coolidge, Arizona. The plant, which will span 110 acres when complete, will be constructed in phases, with the final phase scheduled for completion by spring 2027. Clark Pacific will begin manufacturing prefabricated building systems immediately in a temporary facility while construction moves forward. … [More]
Eastmark’s Rapid Growth Continues with 261-Unit Mixed-Use Community
Evergreen Development, a regional commercial real estate developer headquartered in Phoenix, has acquired an 11.7-acre parcel north of Signal Butte and Warner in Mesa's Eastmark submarket to build a mixed-use community that pairs multifamily housing with new retail. The property was purchased from Brookfield. The development combines apartment homes with a retail center, … [More]
ChatAEC Aims to Revolutionize the Development Lifecycle
Phoenix-based AIAEC has spent four years developing its flagship program to embed AI into the architecture, engineering and construction lifecycle to support smarter planning, revolutionizing how teams access project information and reducing research that once took weeks to minutes. The program is aimed at both public- and private-sector uses. In fact, its ChatAEC has … [More]
Why Some Arizona Businesses Are Choosing Ownership Over Leasing
While headlines continue to focus on office vacancies and an uncertain commercial real estate market, another story is quietly unfolding across Arizona. Many small and midsize businesses are choosing to purchase commercial property rather than renew leases, investing in long-term stability while giving underutilized buildings a new purpose. These owner-users aren't … [More]
$86M Camelback Corridor Deal Marks Phoenix’s Biggest Office Sale of the Year
Southwest Value Partners has acquired Esplanade III, a 222,820-square-foot office tower in Phoenix’s Camelback Corridor, for $86 million. The transaction closed August 26 and represents the largest single-building office sale completed in metro Phoenix in 2026. The property was sold by an LLC affiliated with Transwestern and C-III Capital Partners. JLL Capital Markets brokered … [More]
