Opus announced that the Deer Valley 30 industrial development at 1300 West Almeda Road is now fully leased. The three-building development saw significant activity over the last year, including the sale of one building and the execution of full-building leases in the other two. The development is a joint venture between Opus and Principal Asset Management. A global shipping … [More]
Banner Cuts 237K SF from HQ with Camelback Corridor Relocation
Banner Health, one of the largest nonprofit health care systems in the country and a leader in provider-sponsored health insurance serving 3.5 million people annually across six states, will relocate its corporate headquarters to Bond Phoenix at 3200 E. Camelback Road in Phoenix from Banner Corporate Center – Phoenix Plaza beginning in the fourth quarter of 2026. The health … [More]
533-Unit High-Rise Community Planned for One of Tempe’s Busiest Corners
Empire Group of Companies, through its luxury urban infill division Aspirant Development, announces Revelry, a new Class A mixed-use high-rise community coming to Tempe. This marks the first public announcement of the project, which is expected to break ground this spring on the southeast corner of Rural Road and University Drive. Designed as a landmark addition to Tempe’s … [More]
Developer Breaks Ground on 166-Home BTR Project in Queen Creek
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Amavi Queen Creek, a single-family, build-to-rent community in Phoenix's East Valley. The community, which will feature 166 three-bedroom townhomes with various layouts, is positioned six miles east … [More]
Historic Coronado Redevelopment Blends Preservation and Local Enterprise
Heather Lennon, founder and owner of Imagine General Contracting and Development, has built her career on saving the history of Phoenix, one old building at a time. Now, she is taking on Phoenix’ key historic Coronado neighborhood within the McDowell Miracle Mile Revitalization zone with her new project, Imagine Coronado. With the desire not only to preserve the historic … [More]
Build-to-Rent Developer Bets on Phoenix With New Homes and Scottsdale Office
Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets across the United States, today announced updates across its Phoenix build-to-rent portfolio. In addition to its existing portfolio of BTR developments in the area, the company is now delivering homes across three new communities in Phoenix. When fully delivered, they will total … [More]
Utility Investment Brings Permanent Water Access to Rio Verde Foothills
EPCOR USA Inc., has delivered on its promise to the Rio Verde Foothills community, construction of a permanent water solution is complete, and a new EPCOR-owned water filling station will open January 1, 2026 at 7 am local time. "Promise made, promise kept," said Shawn Bradford, Senior Vice President of Regulated US Water for EPCOR. "We were asked to step in and solve the … [More]
Central Phoenix Landmark Redevelopment Continues Following Acquisition
Kinella Capital, LLC led by Founder and CEO TK Stratton, has acquired One Camelback, a high-profile office-to-residential conversion located at the intersection of Central Avenue and Camelback Road in Phoenix, Arizona. The acquisition marks a new phase for the development, which had remained largely dormant for nearly five years following delays and financial challenges. The … [More]
Short-Term Rentals: A Growing Investment Opportunity in Arizona
Over the past decade, the short-term rental (STR) market has evolved from a niche concept into a thriving sector of the real estate industry. Investors and property owners alike are increasingly drawn to this model, recognizing its ability to generate strong returns while adapting to shifting consumer travel habits. With more travelers seeking unique accommodations and flexible … [More]
One Camelback’s Comeback Finds Its Unlikely Savior
For nearly five years, the tower at Central Avenue and Camelback Road stood as one of Phoenix’s most puzzling real estate stories. Commuters admired its angles and shimmering glass. But for all its promise, One Camelback remained frozen, an office-to-apartment conversion turned cautionary tale. The building was roughly 80% complete, and 100% stuck. Contractors left. Lawsuits … [More]
Medical Office/Inpatient Rehab Combo Honored
Healthcare Real Estate Insights™ magazine’s annual national awards program honors PMB’s Abrazo Health Litchfield Medical Building, the first combination medical office and inpatient rehabilitation facility in Goodyear. Named a 2025 finalist, the 46,000-square-foot facility and surrounding services is positioned alongside the Abrazo West Campus and expands access to … [More]
Construction Resumes on Sports Academy Complex, Hotel
Texas-based real estate developer SSS Partners, LLC recently closed on $183 million in financing and will immediately resume construction on its plans for a private sports academy for grades nine through 12, multi-sport arena and hotel located at I-17 and Sonoran Desert Drive, adjacent to TSMC. SSS Partners acquired the project that was approximately 50% complete in 2023. With … [More]
Expanding Moving Company Invests in 70,000SF North Phoenix HQ
Muscular Moving Men and M3 Commercial Moving & Logistics, two of the fastest-growing names in the moving industry, have been named honorees in the 2025 Best in Moving Awards, presented by SmartMoving. The recognition celebrates the top 200 moving companies across the U.S. and Canada for exceptional growth, leadership, and service. The announcement comes as the company … [More]
Court Ruling Clears Way for Ritz-Carlton Paradise Valley Villa Closings
Five Star Development announced that the U.S. Bankruptcy Court for the Southern District of Texas has entered a Final Villa Sales Order confirming clean, insurable title and full buyer protections for Villa sales at The Ritz-Carlton, Paradise Valley, The Palmeraie. The Court's Order establishes a clear, Court-approved framework for Villa closings and provides certainty to … [More]
New Logistics Park Targets Supplier Demand Near North Phoenix
ViaWest Group, in partnership with Barings, LLC, and Willmeng Construction, has officially broken ground on ReDiscover Logistics Park, an 808,448 square foot Class A industrial development in Phoenix’s Deer Valley submarket. Work is now underway on one of the most strategically positioned industrial parks in Greater Phoenix, with delivery anticipated in Q1 2027. ReDiscover … [More]
$5.7M Office Acquisition Establishes Tempe Headquarters
Rocket Lister, a Phoenix-based residential real estate marketing company, has purchased a two-story, 46,804-square-foot office building at 4625 S. Wendler Drive in Tempe, Arizona. The company acquired the asset for $5,700,000 and will benefit from more than $1 million in newly completed Class A tenant improvements funded by the previous owner. Rocket Lister will use a portion … [More]
336-Unit Apartment Community Planned for Peoria’s Happy Valley Corridor
Hines, a global real estate investment manager, has closed on a 14.6-acre site to develop a multifamily property located in Peoria, Arizona. The site is located within The Trailhead, a 40-acre mixed-use master plan at 83rd and Happy Valley Road. Pederson Group developed the Trailhead, and this transaction initiates the next and final phase of development within the master … [More]
Scottsdale Firm Backs Expansion into Carolinas with 263-Unit Multifamily Acquisition
Elevest Capital, a privately held real estate investment firm specializing in multifamily assets, is proud to announce the successful closing of Fund 62 in partnership with Rise48 Equity through the acquisition of a two-property multifamily portfolio in Chapel Hill and Greensboro, North Carolina. This strategic investment marks Elevest Capital's continued expansion into … [More]
