Vestar, one of the leading privately held shopping center owners and managers in the western United States, announced the completion of Queen Creek Crossing, a 31-acre retail development that broke ground in 2022. Anchored by Costco, Queen Creek Crossing spans more than 400,000 square feet of dynamic retail and dining. The center is 100% leased, including major national and … [More]
East Valley Growth Spurs $60M Retail and Dining Development at Ellsworth and Elliot
Diversified Partners, a real estate brokerage and development firm, has announced plans for East Gate Plaza, a new $60 million retail destination located at the northeast corner of Elliot and Ellsworth roads in Mesa, Arizona. Spanning approximately 17 acres, East Gate Plaza is designed to meet growing demand for high-quality retail, dining and wellness experiences in the … [More]
$183M Financing Deal Clears Path for North-Phoenix Multi-Sport Arena and 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 academy, 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 construction now underway, the … [More]
New Neighborhood Debuts in Expansive Buckeye Community
KB Home, one of the largest homebuilders in the U.S., announced the grand opening of Mesquite, a new neighborhood of single-story homes within the highly anticipated Teravalis community. The new master plan is located between the stunning High Sonoran Desert landscapes of the White Tank and Belmont Mountains in Buckeye, Arizona, a growing city that offers the perfect blend of … [More]
Phoenix Design-Build Firm Opens Tampa Office to Anchor East Coast Work
LGE Design Build, an architecture, engineering and construction firm headquartered in Phoenix and Dallas, has officially launched operations in Florida with the opening of its new East Coast office in Tampa. Located at 442 W. Kennedy Blvd., the Tampa office marks a significant milestone in LGE’s strategic national expansion into high-growth markets. The firm enters Florida … [More]
Goodyear Opens 657 Affordable Units Across Two Sites
Dominium, a leading national affordable housing owner, developer and manager, is holding grand openings for 857 units in Goodyear and Marana. Local and state elected officials joined in the festivities for Estrella Springs, 396 units of affordable apartment homes for families, and the adjacent Suncrest Vista, 261 units of affordable senior apartment homes, in Goodyear on … [More]
$110M Deal Sees 266-Unit Kierland Community Change Hands
Institutional Property Advisors, a division of Marcus & Millichap dedicated to serving the company’s institutional clients, announced the sale of The Quincy at Kierland, a 266-unit multifamily community in Phoenix, Arizona. The $110.25 million sales price equates to $414,474 per unit. “The Quincy at Kierland is one of only six post-2020 constructed assets of 100 units or … [More]
Developer of Ritz-Carlton Paradise Valley Files Chapter 11, Aims to Complete Construction
Five Star Development, LLC and affiliated entities , including those developing The Palmeraie, announced that it has filed voluntary petitions for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. The filing is intended to create a clear, court-supervised path toward completing The Ritz-Carlton Paradise Valley, The Palmeraie—a 122-acre … [More]
Developer Invests in East Valley Growth with Three Resort-Style Communities
Mark-Taylor Residential, the region’s longest-standing investment manager, developer and owner of Class-A communities, expands their portfolio with three additional luxury-living inspired communities in the East Valley. “Each one of our communities in the East Valley and neighboring areas were thoughtfully designed to help residents feel like they are living a luxurious, … [More]
Buckeye’s Growth Surge Continues with Rental Community Debut
With Buckeye ranking among the fastest-growing cities in the country and housing demand continuing to outpace supply, Cavan Companies has opened The Bungalows at Sundance, a new build-to-rent community offering detached single- and two-story homes now open for tours and leasing. Located in the heart of Buckeye’s rapidly expanding west-side corridor, The Bungalows at … [More]
Westgate Signs New Leasing Team to Drive Next Growth Phase
In a strategic move to enhance its leasing strategy, YAM Properties has selected Phoenix-based retail brokerage specialist Western Retail Advisors as the new leasing team for Westgate Entertainment District. The collaboration combines YAM’s ownership and management vision with WRA’s deep network and market reach to reimagine the leasing potential of Westgate, the West Valley’s … [More]
Data Center Changes Hands in East Valley Tech Corridor, Upgrades Planned for 2026
Full-service commercial real estate firm Lincoln Property Company announced the purchase of a 191,000-square-foot, partially occupied data center in Chandler, Arizona. The company plans to build out the facility’s vacant shell space, delivering new turnkey data center inventory and making cooling system improvements that could save millions of gallons of water monthly. The … [More]
107.5M Financing Secured to Fuel Expansion of Tempe 50+ Community
Ziegler, a specialty investment bank, announced the successful closing of Friendship Village of Tempe's $107,525,000 Series 2025AB Bonds through the Industrial Development Authority of the City of Tempe, Arizona. Tempe Life Care Village, Inc. a nonprofit corporation organized and existing under the laws of the State of Arizona, owns and operates a life care retirement … [More]
Crowd-Investing Fund Acquires $10.7M Central Phoenix Apartment Complex
Neighborhood Ventures, a leading real estate operator and an online real estate investment company that enables both accredited and non-accredited investors to invest in multifamily properties, has closed on Venture on Maryland, a 78-unit multifamily community in Central Phoenix. Acquired in a pre-foreclosure transaction directly from the bank for $10.7 million (down from a … [More]
The Hybrid Condition: Decision-Making and Adoption of Hybrid Strategies
Perception, power and the bottom line
Insight’s headquarters in Chandler, Arizona, exemplifies how a human-centered, evidence-based design approach can make hybrid work truly sustainable; the space balances flexibility with connection — creating an environment that evolves with people rather than prescribing how they work At the heigh of the COVID-19 pandemic, there appeared to be a dramatic shift in thinking … [More]
Transforming the Desert Edge: Projected Residential and Commercial Growth around TSMC’s Phoenix Campus
The region surrounding Taiwan Semiconductor Manufacturing Company’s fabrication complex in north Phoenix has emerged as one of Arizona’s most significant zones for planned development. Anchored by the ongoing expansion of TSMC’s chip production capacity, the area is slated to evolve into a fully integrated live-work region, featuring large-scale residential districts, … [More]
Differentiated Class A Spec Industrial in Chandler
Construction has begun on Envision 56, a new two-building Class A speculative industrial project being developed near the intersection of North 56th Street and West Chandler Boulevard in Chandler, Ariz. An eight-acre infill project within a heavy industrial section on Chandler’s west side, the 125,000-square-foot development offers smaller tenants the rare opportunity to move … [More]
New in Scottsdale’s Booming Industrial Market
Rising on a prime 16.45-acre site at Loop 101 and East Princess Drive within the Perimeter Center, The Loop Business Park will transform an undeveloped parcel into four modern industrial buildings ranging from 54,000 to 101,000 square feet. Creation, PGIM Real Estate and LGE Design Build have officially broken ground on the 267,000-square-foot Class-A industrial campus designed … [More]
