Christopher Todd Capital has completed its first purchase of a newly-completed Build-to-Rent (BTR) community in Avondale, Arizona, part of Phoenix metro. The company, with offices in Arizona and Florida, purchased the community for approximately $57 million, which is well below what it would cost to build from the ground up today. The Class A fully amenitized community includes … [More]

Portico, the luxury condominium development in the Loop 101 and Scottsdale Road corridor, announced that it is sold out. The project took only one year from writing its first binding contract to sell all of its 112 units. Portico is award-winning developer Belgravia Group’s first project in the Scottsdale market. The nine-building community features one- through four-bedroom … [More]

Landsea Homes Corporation, a residential homebuilder, has closed on 90 homesites in Mesa, Arizona for a new community called Circlestone. “We’re excited to expand our presence in the city of Mesa with the closing of these 90 new homesites,” said Heather Cammiso, Arizona Division President, Landsea Homes. “Circlestone will provide both single-story and two-story home … [More]

JLL announced today that it has completed a 40,415-square-foot lease for PipShip within ViaWest Group’s recently acquired six-building industrial portfolio in Gilbert, Arizona. With the addition of PipShip, the portfolio now sits at more than 98% occupied. PipShip will relocate its distribution and e-commerce operations from Tempe, Arizona, to 2075 W. Obispo Ave. in Gilbert, … [More]

Solace at Ballpark Village, Goodyear’s latest high-end community, is now open and accepting leasing applications. Located at 2445 S. Estrella Parkway, Solace at Ballpark Village offers one-, two- and three-bedroom apartment homes within walking distance of Goodyear Ballpark. Apartment home amenities include gourmet kitchens featuring quartz countertops and tile backsplash, … [More]

North Texas developer Jackson-Shaw and Tucson-based Holualoa Companies announce the development of dual-branded AC Hotel by Marriott North Phoenix at Norterra and Element by Westin North Phoenix at Norterra. The two hotels connected under one roof are located close to the Shops at Norterra at 25100 North 22nd Lane, Phoenix, Arizona 85085, near the northeast corner of West Happy … [More]

  The residential real estate investment industry is experiencing a major shakeup across the country, as the short list of industry giants who have controlled the market for the last 15 years are suffering massive employee exodus due to poor management, outdated sales tactics and ambitions of a big cashout payday. "With modern times comes modern expectations. … [More]

After a year of internal planning, reorganizing and integrating, MEB Management Services, a Phoenix-based multifamily management company servicing the Southwest, and Weller Management, a third-party property management and consulting company based in St. Petersburg, Fla. serving the Southeast, officially merged to become Bryten Real Estate Partners creating a nationally … [More]

Newmark announces it has completed the sale of Shops A and Pad C at Gilbert Crossroads in a newly constructed retail center, spanning 9,062 square feet and 5,498 square feet, respectively. Newmark Senior Managing Directors Steve Julius and Jesse Goldsmith and Director Chase Dorsett represented the seller, Las Vegas-based developer Remington Nevada, and sourced the buyer in … [More]

The Luxe at Desert Ridge, a premier luxury condominium development situated beside the JW Marriott Desert Ridge Resort, will soon commence its Phase 4 construction. Slated to begin this summer, this expansion will introduce 87 new condominium homes across two buildings and an additional resort-style pool to its already impressive array of amenities. Since welcoming its first … [More]

Phoenix-based retail brokerage specialist Western Retail Advisors has completed the $11.1 million sale of 83 Marketplace. The newly built, Class A retail center was developed by Scottsdale-based Cavan Companies. It spans three buildings at the prominent corner of 83rd Avenue and Happy Valley Road in Peoria, Arizona. The property buyer is a franchisee of Hawaii-based Seven … [More]

Meritage Homes, the fifth-largest public homebuilder in the U.S., has opened two new communities, Abel Ranch and Bella Vista Trails, in the greater Phoenix area. Abel Ranch in Goodyear is conveniently located near the I-10 and Loop 303, providing easy access around the valley. Residents will enjoy nearby dining and entertainment at the Pebble Creek Golf Course. Located in San … [More]

RED Development and Scottsdale-based Globe Corp. announced a construction milestone at GSQ with the groundbreaking of Goodyear Way, the major street infrastructure connecting Goodyear Civic Square at GSQ to the 150-acre mixed-use development poised to become the city’s new downtown. A joint venture between RED Development and Globe Corp., GSQ is set to transform Goodyear … [More]

Creation, one of Arizona’s most prominent commercial real estate developers, has been given the green light to move ahead with construction on a three-building, 16-acre industrial park in Tempe, marking the company’s first industrial undertaking within the city. Nexus Commerce Center is a three-building, 274,000-square-foot development located on the southeast corner of … [More]

A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Investments, announced the acquisition of The Scottsdale Plaza Resort & Villas, located in Paradise Valley, Arizona. The Scottsdale Plaza Resort & Villas features 404 rooms spread across the central hotel and surrounding villa … [More]