255,766 SF Logistics Campus Breaks Ground Near Sky Harbor

inbusinessPHX.com

Lincoln Property Company, a global, full-service real estate firm with over $31 billion of assets under management, announced it has broken ground on Sky Harbor Logistics, an office-to-industrial redevelopment that will bring a two-building, Class A logistics campus to a Tempe, Arizona, infill site, minutes from Phoenix Sky Harbor International Airport. Lincoln has been active … [More]

West Valley’s 1,940-Acre Rio 1900 Project Rebrands

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Harvard Investments announced Solstice Foothills as the new name for its 1,940‑acre master‑planned community in the City of Goodyear, marking the first public unveiling of a new identity for the project formerly known as Rio 1900. The announcement signals a major milestone for one of the most significant land holdings in the West Valley and introduces a name that reflects … [More]

Multifamily Firm Unveils $125M Fund, Taps Investment Chief

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P.B. Bell, a leading multifamily real estate company with 50 years in the Arizona market, announced the launch of the P.B. Bell Multifamily Fund — a $125 million investment vehicle targeting the acquisition of Class A and B multifamily assets across Arizona, with a primary focus on the Phoenix metropolitan area. The company has also appointed Keagan Huerta as executive vice … [More]

Kansas City Bank Opens Branch in TSMC Growth Corridor

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UMB Bank, a subsidiary of UMB Financial Corporation, announced the opening of a new Phoenix-area branch. The new full-service branch, located at 2745 W. Carefree Highway, and in close proximity to the Taiwan Semiconductor Manufacturing Company’s north Phoenix fab site, is strategically located from both a community investment and business opportunity perspective. “Our … [More]

Real Estate Development From The Ground Up: Lessons, stories, and a step-by-step path from dirt to doors

by Mike Hunter

In Real Estate Development From the Ground Up, veteran builder and developer Ryan Frey explains how development actually works, from raw land through entitlements, construction and stabilized projects. Drawing on more than 25 years of hands-on experience, Frey breaks the process into clear, disciplined stages that reveal where risk lives, how value is created, and why early … [More]

Making it in Real Estate : Thriving as a Developer

by Mike Hunter

John McNellis learned real estate investing the hard way: deal by deal, burn by burn, over 40 years and 100+ commercial real estate projects. He wrote the practical field guide to real estate development he wished existed when he started — the book that might also talk people out of starting at all. Now in its third edition with 34 new chapters, Making It in Real Estate has … [More]

Industrialize: The Insider’s Guide to Industrial Real Estate

by Mike Hunter

For seasoned investors, curious newcomers and real estate pros looking to sharpen your edge, alike, this book is the definitive roadmap to the industrial property world. From factories and warehouses to cranes, racking, and everything in between, readers will get a comprehensive breakdown of the spaces that keep the global economy running. Packed with insights on … [More]

Industrial Infill Completed – and Fully Leased

by Mike Hunter

Leading Phoenix-based general contractor Stevens-Leinweber Construction, representing Merit Partners Inc., has completed and delivered Merit 27 Buckeye. Located on 18 acres at the southeast corner of 27th Avenue and Buckeye Road, this unique industrial infill — now fully leased — transforms a former and vacant Murphy Elementary School District campus into a modern, … [More]

Industrial & Mixed-Use Development in West Phoenix

by Mike Hunter

Phoenix-based developer Creation recently completed construction on Park Algodon, a $250-million development that combines 1.3 million square feet of Class A industrial space with an adjacent seven-acre mixed-use destination. This brings new logistics, retail, dining and employment opportunities to the northwest corner of Loop 101 and Indian School Road in Phoenix — one of the … [More]

‘City within a City’ Breaks Ground in North Phoenix

by Mike Hunter

Construction recently began at the 2,300-acre Halo Vista development in North Phoenix. This $7-billion master-planned project by development partners Mack Real Estate Group and McCourt Partners, designed to be a “city within a city” that will transform the area into a global hub for science, innovation and community, is located adjacent to TSMC Arizona. … [More]

Feedback: May 2026

by Walt Brown Jr., Kim Davids, Matt Kuhn, Jon Varner

Walt Brown Jr. Founder, CEO & Designated Broker Diversified Partners Sector: Real Estate For Diversified Partners, the physical attributes of a workplace are about far more than function; they are about experience. Location is foundational, but not just in terms of access. We look for environments that naturally inspire connection, where the surroundings elevate how … [More]

Stacking over Sprawl

Why developments are focusing on height and density

by RaeAnne Marsh

Yesterday’s emphasis on wide-open spaces, large lots and suburban living has been replaced by density with a focus on walkability. Residential units are a big part of today’s commercial development projects, with retail, office, entertainment and service built into the plan. Yes, Metro Phoenix is still seeing plenty of development at its outer boundaries as its business and … [More]

Ditch the Podcast Rooms: Coffee and Privacy Are What Tenants Really Want

by Kiana Taie

In Phoenix, the race to outdo competitors with splashy amenities, like podcast rooms and golf simulators, has become the norm. They photograph well and tour even better, but are they solving for what tenants really need? Gensler’s 2026 Global Workplace Survey takes it back to basics: Employees value practical spaces that support wellness and productivity. What Tenants Value … [More]

Development: How to Turn a Project’s Opposition into Its Biggest Fan

by Adam Baugh

In the world of Arizona land use and zoning, opposition is less a possibility and more a procedural step. The real question isn’t whether a project will face opposition — it’s whether that opposition can be transformed into something more useful than a stack of speaker cards at a public hearing. Done right, a project’s loudest critic can become its most effective … [More]

Phoenix Industrial Market: Infrastructure, Speed and Strategic Locations

Are Shaping the Next Cycle

by Bob O’Neill

Phoenix’s industrial market continues to evolve as population growth, infrastructure investment and corporate migration reshape how companies evaluate logistics and manufacturing locations. While the market experienced a significant wave of new supply in recent years, long-term fundamentals remain strong. Tenant priorities are increasingly centered on operational efficiency, … [More]

Guest Editor: Scott Drucker, Arizona REALTORS®

Phoenix Grows Up

by Scott Drucker

Walkability and convenience are driving a lot of development, and many mixed-use projects combine housing with varied commercial elements, often in multistoried buildings that emphasize vertical growth and density. The rise of mixed-use development emphasizes a growing demand for housing that connects naturally with how people live, work and spend their time. Arizona … [More]

168-Unit Affordable Housing Project Breaks Ground in South Phoenix

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Ulysses Development Group continues to expand its impact in Arizona with the groundbreaking of Salt River Flats 2, a new affordable housing community located at 4027 S. 13th Street in Phoenix. The project, celebrated today with Governor Katie Hobbs and other partners, will add 168 homes for families and individuals earning 60% of the area median income. To cultivate a sense … [More]

Long-Delayed One Camelback Project Advances toward 2026 Completion

inbusinessPHX.com

After years of speculation and a high-profile ownership reset, One Camelback is no longer a question mark on the Uptown skyline. It is a construction site in motion. Kinella Capital, LLC, led by developer TK Stratton, has reached several key milestones at the long-stalled office-to-residential conversion, signaling that one of Phoenix’s most talked-about projects is firmly … [More]

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