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 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]

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]

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]

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]

Diversified Partners, a real estate brokerage and development firm, has officially closed on the landmark Scottsdale waterfront property that will become The Lakefront at Scottsdale, a mixed-use redevelopment designed to revitalize one of the area’s most recognizable lakefront sites. The Lakefront represents the revitalization of a landmark waterfront site in Scottsdale, … [More]

Greystone, a national commercial real estate finance company, announced that it has arranged $141 million in construction financing on behalf of The Hampton Group for the ground-up development of IKONIC Scottsdale, a 14-story, 245-unit ultra-luxury multifamily tower located at 16640 North Scottsdale Road in Scottsdale, Arizona. The financing consists of a senior mortgage … [More]

Dream Finders Homes continues to add housing inventory in the Phoenix metro area with new home sales now under way at Bella Vista Farms located in San Tan Valley. The homebuilder has 122 homesites available at Bella Vista Farms, which features several amenities including an 11-acre community park, swimming pool, splash pad, basketball courts, a soccer field and shaded, open-air … [More]