Belgravia Group, Chicago’s award-winning real estate developer with more than 75 years of luxury developments constructed under its brand, is proud to announce that it has received public report approval for Atavia, the 88-unit luxury condominium development located in North Scottsdale’s “new luxury corridor” at Loop 101 and Scottsdale Road. Atavia will break ground in … [More]
Industrial Space Unveiled in West Valley, 63 Acres of Retail to Follow
Full-service commercial real estate firm Lincoln Property Company (Lincoln) and Scottsdale-based Harvard Investments have announced the delivery of Goodyear AirPark Phase I, a 1.6 million-square-foot, six-building Class A industrial project designed to meet Phoenix’s evolving demand for mid- to large-scale industrial space. Reflecting the project’s ongoing development, the … [More]
Phoenix Build-to-Rent Townhome Communities Hit Milestone
Rockefeller Group, the U.S. real estate developer, owner, and operator, announced vertical construction has commenced on Corsica Villas at 20th St. and Corsica Villas at Euclid Ave. The build-to-rent (BTR) communities, Rockefeller Group’s first in Arizona, will deliver 152 townhome units to South Phoenix. Mosaic, a full-stack BTR development platform, was selected as the … [More]
Homebuilder Launches Smart Home Sales in Mesa Community
Landsea Homes Corporation, a publicly traded residential homebuilder, announced homes are now selling at Rialta in Mesa, Arizona. “With the growing demand for quality new construction in Mesa, Rialta provides a unique opportunity for homebuyers own a home in a community that combines modern design, sustainable living, and a prime location,” said Tom Sanford, Vice President … [More]
Avnet’s New HQ Building Purchase Sparks Tempe Move
Avnet, Inc., a leading global technology distributor and solutions provider, purchased a 150,000-square-foot Class A office building in Tempe that will serve as Avnet’s new global headquarters. Transwestern Real Estate Services represented ElmTree Funds, LLC in the sale of the property at 2155 East GoDaddy Way in Tempe. The transaction marks the second largest investment … [More]
Construction Co. Commits $150K to Two Arizona Nonprofits
McCarthy Building Companies Inc., through its philanthropic community impact program, Heart Hats®, recently named two Arizona charities, Ryan House and Arizona Bleeding Disorders, as its charitable partners for the new three-year grant cycle, which runs through 2027. In addition to volunteer support from McCarthy’s more than 900 Arizona employee-owners and their families, Heart … [More]
Investment Firm Announced $86M in Financing for Hip Scottsdale Hotel
Walker & Dunlop, Inc. announced that it advised on an $86,000,000 loan to refinance the Caesars Republic Scottsdale, a Hilton Hotel; a newly constructed, luxury grade full-service asset located in the epicenter of Scottsdale Fashion Square. Walker & Dunlop Arizona Capital Markets, led by Jim Pierson and Keaton Merrell, partnered with Walker & Dunlop New York … [More]
Low-Coverage Development for an Evolving Industrial Demand
ATLAS Exchange, a project planned for a 38-acre parcel in Mesa by Scottsdale-based ATLAS Capital Partners with Hawkins Development Company, breaks with traditional land-usage development with its low-coverage building designs with large, secured and screened yards, offering operational flexibility to an increasingly diverse Arizona industrial market. “This style of product is … [More]
Customary, Elevated & Unexpected: Amenity Trends across the Real Estate Spectrum
Nearly every trend report for 2025 is saying that amenities are leaning more personalized and user focused. The interesting part of that is it’s not industry specific; it is across the board for offices, travel and hospitality, multifamily, and single family. HqO, a leading office building operations company, has conducted research that stresses, “Understanding tenant … [More]
Construction Begins on Nexus Commerce Center
Construction has begun on Nexus Commerce Center, a 273,000-square-foot Class-A industrial park designed to accommodate a variety of tenants, including light manufacturing, assembly, research and development, logistics and fulfillment. The infill project from Creation, a Phoenix-based real estate development and alternative investment firm, and LGE Design Build, a premier … [More]
New Build-to-Rent in Maricopa Addresses AZ Housing Shortage
Dominium, a leading national affordable housing owner, developer and manager, recently broke ground on its first Build-to-Rent community in Maricopa. Saddleback Village at Stonegate will offer 215 high-quality homes, each with three and four bedrooms in the fast-growing area. The community will feature a playground, private backyards and outdoor amenity spaces. To live at … [More]
Class-A Industrial Completed Adjacent to the Scottsdale Airport
LGE Design Build, an award-winning integrated design-build firm, recently completed construction on Thunderbird Commerce Park, a 243,360-square-foot Class-A industrial building in Scottsdale Airpark developed by Creation. Blending a refined industrial aesthetic with operational flexibility, the project is situated on an 18-acre parcel east of the southeast corner of … [More]
VC Joins $51M Arizona AI Data Center Land Deal
Arizona Land Consulting (ALC), Arizona’s AI data center investment fund led by Anita Verma-Lallian, has closed on a landmark $51 million land deal, further solidifying its position as a driving force in the state’s AI infrastructure race. In a major vote of confidence, renowned venture capitalist Chamath Palihapitiya has joined the investment group backing the deal, alongside … [More]
Phoenix Office Market Evolves as Demand Shifts Toward Upgraded Class-A Space
Phoenix’s office market is continuing to evolve as demand for upgraded Class-A space drives a surge in tenant improvement projects, according to LGE Design Build’s newly released Q2 2025 Construction Delivery Outlook. “Phoenix’s growth trajectory is still strong, but we’re now seeing more selective investment as developers and owners react to new market signals,” said Blake … [More]
1.2-Million Square-Foot Project Brings Logistics Provider Updated Operational Space
Sun State Builders completes construction on 1.2 million square-foot tenant improvement two months ahead of schedule. The office/warehouse for WPT Capital Advisors and Logistics Plus, named Logistics Plus PHX 2, is situated on seven acres at the northeast corner of Loop 303 and Bethany Home Road in Glendale. Construction began in March 2024 and was originally slated for … [More]
Developer Delivers Biltmore-Area Luxury Office Redevelopment
Phoenix-based developer George Oliver has completed its Bond office redevelopment in the heart of the Camelback Corridor, delivering a market-leading amenity package in what the company considers its most ambitious metro Phoenix office transformation to date. Located at 3200 E. Camelback Rd., Bond sits on the landmark corner of 32nd Street and Camelback Road in Phoenix, … [More]
Investment Co. Sells Expansive Phoenix Area Resort for $865M
Trinity Investments, a U.S.-based hospitality-focused real estate investor, announced the sale of the JW Marriott Phoenix Desert Ridge Resort & Spa, a 950-room hotel and the largest resort in Phoenix, for $865 million to Ryman Hospitality Properties, Inc.. Trinity acquired the asset in 2019 for $602 million, with financial backing from Elliott Investment Management. In … [More]
CRE Co. Brokers $137M Luxury Multifamily Property Sale in Chandler
Institutional Property Advisors, a division of Marcus & Millichap dedicated to serving the company’s institutional clients, announced the sale of Zaterra, a 392-unit multifamily property in Chandler, Arizona. The asset traded for $137.5 million, or $350,765 per unit. “Chandler is among the highest barrier to entry submarkets in the Phoenix metro and Zaterra is one of … [More]
