Last week Southwest Value Partners announced the acquisition of seven premier office properties across the Greater Phoenix Metropolitan Area totaling approximately 1.53 million square feet for a purchase price of $296 million. The assets span key submarkets including Downtown Phoenix, the Camelback Corridor, Scottsdale, Tempe, and Chandler. “This acquisition reflects our … [More]
Gilbert Senior Living Community Changes Hands in $44M Deal
Principal Asset Management and IRA Capital announced the acquisition of American Groves, an institutional Class-A senior living community in Gilbert, a suburb of Phoenix, Arizona, for $44.5 million. The sale was facilitated by JLL Seniors Housing Capital Markets on behalf of the seller, American Care Concepts and Reichmann International Realty Advisors, which developed the … [More]
$180M Refinance Announced for Scottsdale’s Four Seasons Resort
Braemar Hotels & Resorts Inc. announced that it has successfully refinanced the existing mortgage loan secured by the Four Seasons Resort Scottsdale at Troon North. The previous loan had a balance of $140 million with an interest rate of SOFR + 3.75% and a final maturity in December 2028. The new non-recourse loan has a balance of $180 million and bears … [More]
City Office REIT Announces $266M First Closing of Phoenix Portfolio Sale
City Office REIT, Inc. announced that it has completed the first closing in the sale of its Phoenix portfolio for gross sale proceeds of $266 million. The sale represents six of the Company's seven properties located in Phoenix. The Company's Pima Center property continues to be under contract at a $30 million gross sales price. Pima Center is expected to close at a later date, … [More]
Construction Co. Completes Significant Renovations on Iconic Scottsdale Park
Willmeng Construction hosted a grand re-opening event to mark the successful completion of significant renovations at the McCormick-Stillman Railroad Park in Scottsdale. The extensive renovation aimed to enhance recreational offerings and boost park attendance. Located in the heart of Scottsdale at 7301 E. Indian Bend Rd., the 30-acre McCormick-Stillman Railroad Park (MSRP) … [More]
First Model Homes Open in West Valley Community amid New-Build Surge
Howard Hughes and Century Communities announced the opening of the first model homes at Teravalis, the new Howard Hughes community in the Phoenix West Valley. Located in Floreo, the community’s inaugural village, the model homes offer prospective homeowners an early look at the lifestyle and design that will define the Teravalis experience. “As the first models to open at … [More]
$1B Mixed-Use Development in the Heart of Gilbert Receives Planning Approval
The Ranch, a landmark $1 billion mixed-use development in the heart of Gilbert, Arizona, has officially received final entitlement approval from the Planning Commission on August 6, 2025. With this critical milestone achieved, permitting and construction can now commence on the transformative project poised to redefine the region's landscape and economy. Led by development … [More]
Valley Growth Spurs Another Major Retail Investment in Deer Valley
Cohen & Steers Income Opportunities REIT, Inc. announced its acquisition of Deer Valley Towne Center, a community shopping center in the Deer Valley submarket north of Phoenix, Arizona. The acquisition was made through a programmatic joint venture with Sterling Organization, a real estate investment firm with extensive expertise in shopping centers in the U.S. This is … [More]
Investors Double Down on West Valley as Build-to-Rent Momentum Grows
CenterSquare’s latest Value-Added Fund made a preferred equity investment for the development of Ironwood Homes at Rosefield, a 320-unit build-to-rent townhome and single-family detached community in the fast-growing West Valley submarket of Phoenix, AZ. The property will consist of all two-story units with high-end interior finishes, fenced backyards, attached garages, and … [More]
How the West Valley Became the ‘It Place’
The West Valley is no longer the stepchild of the Phoenix metro area.
Over the past decade — and increasingly so in the past few years — West Phoenix and the broader West Valley of metro Phoenix have emerged as epicenters of explosive commercial and residential growth. Fueled by a potent confluence of expansive land availability, robust infrastructure investments and escalating demand, this region is rapidly transforming from suburban fringe to a … [More]
New Industrial Campus in Goodyear to Add a Retail Component
Now online, Goodyear AirPark Phase I is a 1.6 million-square-foot, six-building Class A industrial project. Full-service commercial real estate firm Lincoln Property Company and Scottsdale-based Harvard Investments designed the development to meet Phoenix’s evolving demand for mid- to large-scale industrial space, has come online. It was delivered with full utilities … [More]
First Walkable Senior Living Community in Old Town Scottsdale
Empire Group of Companies, through its luxury urban infill division Aspirant Development, and Brinkmann Constructors broke ground recently on The Osborn, the first high-end senior living community in Old Town Scottsdale to offer walkability to the area's rich array of dining, retail and cultural amenities. The 226-unit, 420,000-square-foot project will deliver a full continuum … [More]
Transforming Legacy Buildings into Next-Gen Office Destination
Phoenix-based developer George Oliver, in partnership with Ascentris, has launched plans for Arbor Old Town, a new luxury office redevelopment in the heart of Old Town Scottsdale. Spanning more than 360,000 square feet across three buildings and six acres at the prominent corner of Scottsdale and Indian School roads, the project will introduce the district’s first … [More]
What Makes Development ‘Responsible’ in the Public’s Eyes? A Clue from Data Centers
Industrial projects often face fierce local resistance, but data centers are proving to be a surprising exception. According to the Data Center Neighborhood Survey Report from Airedale by Modine, a critical cooling specialist for data centers, 70% of Americans are comfortable with a data center within a few miles of their home, and 21% are even okay with one located less than a … [More]
Build‑to‑Rent Surge Spurs Developer Expansion Into Scottsdale
Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets across the United States, announced that it has opened an office in Phoenix, Arizona. Based in The Promenade office park in North Scottsdale, the new space will offer ongoing support to the company's growing operations in the state, which include a development pipeline of numerous … [More]
$33B Data Center Park Planned for Phoenix-Tucson Metropolitan Corridor
Arizona land developer Vermaland, LLC unveiled plans for a $33 billion data center industrial park that would become the largest such development in the United States, positioning the Phoenix-Tucson corridor to compete directly with Northern Virginia's "Data Center Alley" for tech industry investment. The 3,300-acre complex would support up to 3 gigawatts of power capacity, … [More]
Return‑to‑Work Drives Major Chandler Office Expansion
Toyota Financial Services, the finance brand for Toyota in the United States, is expanding its office presence in Chandler, Arizona, to support long-term operational needs. The company has leased an additional 40,000 square feet of office space at its current location, 1650 S. Price Road, and now occupies the entire 120,000-square-foot building. TFS first established a … [More]
Landmark Scottsdale Hotel Lands $23M Loan for Rebrand and Relaunch
Lionheart Strategic Management LLC, an affiliate of Fisher Brothers that manages capital on behalf of third-party investors, and Schroders Capital, the private assets division of Schroders, announced that it has provided a $23.5 million mezzanine loan to Namastay Development and Hospitality Capital Partners for the renovation and recapitalization of The Monarch, a 194-key hotel … [More]
