Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Fireside Apartments, a 20-unit multifamily property in Phoenix, Arizona, for $4.75 million. “The Biltmore area continues to attract investors because of its central location and proximity to many of Phoenix’s … [More]
Carefree Approves $5M Redevelopment of Historic Mall
During the June 2nd Carefree Town Council meeting, the council voted unanimously to approve Resolution 2026-12, a development agreement for Orchard Street Market, which will occupy the space currently known as Los Portales Mall. One of the developers, Ken Martindale of the Martindale Group, made a presentation of the concept to Council and residents that included their plans … [More]
Camelot Homes to Launch Luxury Community in North Central Phoenix
Camelot Homes announced the grand opening of Viridian, its new gated community of just eight luxury homes in North Central Phoenix. Blending striking mid-century-inspired architecture with thoughtfully designed interiors and outdoor living spaces, Viridian offers a rare opportunity to own a new Camelot home in one of Phoenix’s most established and desirable neighborhoods. … [More]
Integrated Design Is a Risk Management Tool for Development
Development has faced increasing challenges in recent years, with the stress of tariffs, labor shortages and supply chain delays manifesting through projects increasingly being delivered over budget and behind schedule. As the landscape continues to shift and priorities change, an unexpected tool can help hospitality developers stay on track while maintaining the agility needed … [More]
Where Three Generations Meet the Market
Multigenerational living is reshaping housing and influencing the broader business landscape in Phoenix. For decades, the American housing model centered on independence. After World War II, suburban expansion and a surge in homebuilding made it possible for families to spread out, and multigenerational living declined. By the early 1970s, just 7.8% of U.S. households … [More]
Luxury Build-to-Rent Unveiled in Surprise
Mark-Taylor Residential, a trusted leader in luxury property management, recently announced the completion of Estia at Zanjero Trails, a new build-to-rent community in Surprise, Arizona, one of the West Valley’s fastest growing areas. Owned and developed by Zilber Residential Group, Estia at Zanjero Trails offers luxury one- and two-bedroom detached rental homes in a community … [More]
Office-to-Industrial Redevelopment in Tempe
On behalf of Alidade Capital and Pine Creek Real Estate Partners, Phoenix-based general contractor Stevens-Leinweber Construction recently broke ground on TenSixty Interchange, an office-to-industrial redevelopment that will bring new mid-size, infill industrial product to the Interstate 10/Baseline Road corridor in Tempe, Arizona. The groundbreaking comes after months of … [More]
Toll Brothers to Launch Luxury Home Community in Peoria
Toll Brothers, Inc., the nation’s leading builder of luxury homes, today announced its newest luxury home community, Toll Brothers at Saddleback, is coming soon to Peoria, Arizona. Located within the Saddleback master plan, this gated community will offer two refined collections of single-story homes and access to exceptional resort-style amenities. Sales are anticipated to … [More]
1.1M SF AI Lease Pushes Glendale Industrial Campus to Full Occupancy
Lincoln Property Company, a global, full-service real estate firm with over $31 billion of assets under management, has executed two full-building leases at its 2.4 million-square-foot Luke Field development in Glendale, Arizona. Totaling over 1.1 million square feet, the commitments bring the Class A, three building, LEED certified logistics campus to 100% occupied. The new … [More]
163-Acre Mesa Mega-Project Pairs Auto Mall with Major Retail Center
Diversified Partners, a Scottsdale-based commercial real estate brokerage and development firm, is advancing Destination at Gateway, a 163-acre power center development located at the new SR-24 interchange at Signal Butte Road in Mesa, Ariz. The project includes two distinct components now available for lease: 24 Auto Row, a purpose-built auto mall development spanning … [More]
$26.5M Phoenix Warehouse Project Takes Shape Near I-10
Sun State Builders tilts concrete walls on new 450,000-square-foot Class A warehouse in Phoenix. Pasternack Properties contracted the design-build general contractor to bring the $26.5 million industrial spec project to life. The industrial building is located at the Southeast corner of 83rd Avenue and Interstate 10. Sun State Builders broke ground on the project in early … [More]
Luxury Infill Community Hits Market Near Old Town Scottsdale
Curve Development announced that pre-sales are officially underway for Quarter at Palm Scottsdale, the company's highly anticipated luxury single-family residential community located at the corner of Palm Lane and 74th Street in Scottsdale, Arizona. The community is now officially live on the MLS, with homes starting at $875,000. Quarter at Palm Scottsdale … [More]
Scottsdale Golf Club Launches $4.3M Renovation
Troon Country Club in Scottsdale, Arizona has initiated a significant enhancement project focusing on its practice facilities and water storage systems, aiming to elevate the member experience and improve resource management. Construction began on May 1, 2026, and is being led by golf course architect Phil Smith, the late Tom Weiskopf’s design partner. The $4.3-million-dollar … [More]
108-Home Luxury Rental Community Opens in Northwest Valley
NexMetro Communities, a national leader in cottage-style build-to-rent home neighborhoods, is opening Avilla Foothills, a new 108-home luxury rental community in Surprise, Arizona. Located on a 9.3-acre site at 12350 N. Cotton Lane, the gated neighborhood expands housing options in one of the fastest-growing areas of the Phoenix metro region. Avilla Foothills features a … [More]
Tri Pointe, Pulte Team Up on $63M Peoria Land Deal
Tri Pointe Homes and Pulte Homes, two of the largest homebuilding companies in the U.S., announced the acquisition of 274 gross acres within the Aloravita planned community in Peoria, Arizona. The acquisition, completed through a 50/50 joint venture between Tri Pointe Homes and Pulte Homes, follows a successful Arizona State Land Department public auction held on October 17, … [More]
Old Town Scottsdale, Downtown Mesa Land New Hyatt-Branded Hotels
Hospitality Capital Partners is expanding its Arizona hospitality portfolio with the openings of Hotel Solaya JdV by Hyatt in Old Town Scottsdale and The 233 Suites Unscripted by Hyatt in downtown Mesa. Together, the properties introduce Arizona’s first JdV by Hyatt and first Unscripted by Hyatt soft brand while growing the firm’s hospitality footprint across the state to more … [More]
French Brasserie Concept Expands From Scottsdale to Gilbert
Carol Schillne and Cole Schillne of ORION Investment Real Estate successfully facilitated a retail lease bringing an elevated dining experience to Higley Commons. Representing tenant Essex Hospitality, the Schillne Retail Team secured the deal to introduce The Mick Brasserie, a restaurant offering a fresh, contemporary take on the classic French brasserie concept to 3071 E. Ray … [More]
Tempe Office-to-Industrial Redevelopment Breaks Ground Near I-10
On behalf of Alidade Capital and Pine Creek Real Estate Partners, Phoenix-based general contractor Stevens-Leinweber Construction (SLC) broke ground on TenSixty Interchange, an office-to-industrial redevelopment that will bring new mid-size, infill industrial product to the Interstate 10/Baseline Road corridor in Tempe, Arizona. The groundbreaking comes after months of … [More]
