VanTrust Real Estate announces its latest development in Arizona, VT303 North, a 1.1 million square foot speculative industrial building located in Glendale. Situated at the southwest corner of Northern Avenue and Reems Road, the project is designed to meet the demand for modern logistics and distribution facilities in the rapidly expanding West Valley. VanTrust acquired the … [More]
Engineering Value through Intentional Design
Although some challenges of the last few years have persisted in commercial real estate development, the outlook has become cautiously optimistic, and leaders are shifting from defensive to proactive strategies. In the realm of interior design, we’re making targeted choices to engineer value right from the start. We’ve used the term “engineering value” as a calculated approach … [More]
Luxury Developments in Phoenix and Carefree
Camelback Palms Scottsdale-based luxury homebuilder Sonora West Development has recently broken ground on two new luxury developments: the four-home Camelback Palms community in Phoenix and the 31-lot Solace development in Carefree, Arizona. Construction is already underway at Camelback Palms, where two homes have started and two more will begin within 90 days. The … [More]
Luxury Developments in Scottsdale
Luxury builder Camelot Homes has started work on two of Scottsdale's newest upscale neighborhoods. The company intends to build 75 homes across two developments — the Edge at Joy Ranch and Villas II at Desert Mountain — located about four miles apart. Matching the price point of more than 80% of homes within Desert Mountain — $2.4 million or greater, according to Homes.com … [More]
Phoenix Is Growing Up
Esplanade Place Phoenix is growing up, way up. With cranes dotting the skyline from Tempe to Scottsdale to Phoenix and beyond, we are no longer a big city that feels like a small town. Rather, Phoenix Metro is now home to multiple urban cores offering a true live, work, play lifestyle. How have cities across the Valley realized these vibrant hubs of continued activity and … [More]
Amkor’s $2B Peoria Pivot Accelerates Chip Plant Timeline, Adds 2,000 Jobs
Amkor Technology, Inc., a provider of semiconductor packaging and test services, announced revised plans for the location of the company’s new semiconductor advanced packaging and test facility in Arizona. The facility will be constructed on a 104-acre site within the Peoria Innovation Core, in north Peoria, AZ. Peoria City Council unanimously approved a land swap … [More]
Scottsdale Brokerage Tops $1B in Sales amid Valley Luxury Home Market Growth
RETSY, Arizona’s Forbes Global Properties brokerage, announced that it crossed the $1 billion mark in sales volume more than two months earlier than in 2024, despite a more challenging housing market marked by rising interest rates and shifting commission structures. Recognized on RealTrends as the #1 brokerage for average sales price of brokerages in Arizona with over $1 … [More]
Uptick in Office Conversions to Industrial Removes Inventory from Market
The Greater Phoenix office market experienced a decline in direct vacancy during second quarter, falling 40 basis points to 15.2 percent, according to a report released by Colliers. A trend of converting office properties to industrial usage resulted in removal of nearly 700,000 square feet from the office inventory which contributed to the drop of vacancy. Tenant demand has … [More]
Developer Breaks Ground on 327K SF Chandler Innovation Park
DPC Companies hosted a groundbreaking event for the Chandler Innovation Park, a three-building industrial park that will offer approximately 327,776-square feet of premier industrial space. The 21-acre site at the northeast corner of Arizona Avenue and Ryan Road is in the heart of the Airpark Area, Chandler’s fastest growing employment corridor. Designed to accommodate a wide … [More]
Phoenix Helps Set the Pace for North American Data-Center Development
Metro Phoenix ranks second in the data center development pipeline, according to the new JLL North America Data Center Report – Midyear 2025. This places the Valley in a prime position as the North America Data Center colocation market reaches a critical tipping point, with vacancy rates plummeting to an unprecedented 2.3% amid relentless demand for digital … [More]
$296M Acquisition Pushes Real Estate Investment Co. Portfolio to Two Million SF
Last week Southwest Value Partners announced the acquisition of seven premier office properties across the Greater Phoenix Metropolitan Area totaling approximately 1.53 million square feet for a purchase price of $296 million. The assets span key submarkets including Downtown Phoenix, the Camelback Corridor, Scottsdale, Tempe, and Chandler. “This acquisition reflects our … [More]
Gilbert Senior Living Community Changes Hands in $44M Deal
Principal Asset Management and IRA Capital announced the acquisition of American Groves, an institutional Class-A senior living community in Gilbert, a suburb of Phoenix, Arizona, for $44.5 million. The sale was facilitated by JLL Seniors Housing Capital Markets on behalf of the seller, American Care Concepts and Reichmann International Realty Advisors, which developed the … [More]
$180M Refinance Announced for Scottsdale’s Four Seasons Resort
Braemar Hotels & Resorts Inc. announced that it has successfully refinanced the existing mortgage loan secured by the Four Seasons Resort Scottsdale at Troon North. The previous loan had a balance of $140 million with an interest rate of SOFR + 3.75% and a final maturity in December 2028. The new non-recourse loan has a balance of $180 million and bears … [More]
City Office REIT Announces $266M First Closing of Phoenix Portfolio Sale
City Office REIT, Inc. announced that it has completed the first closing in the sale of its Phoenix portfolio for gross sale proceeds of $266 million. The sale represents six of the Company's seven properties located in Phoenix. The Company's Pima Center property continues to be under contract at a $30 million gross sales price. Pima Center is expected to close at a later date, … [More]
Construction Co. Completes Significant Renovations on Iconic Scottsdale Park
Willmeng Construction hosted a grand re-opening event to mark the successful completion of significant renovations at the McCormick-Stillman Railroad Park in Scottsdale. The extensive renovation aimed to enhance recreational offerings and boost park attendance. Located in the heart of Scottsdale at 7301 E. Indian Bend Rd., the 30-acre McCormick-Stillman Railroad Park (MSRP) … [More]
First Model Homes Open in West Valley Community amid New-Build Surge
Howard Hughes and Century Communities announced the opening of the first model homes at Teravalis, the new Howard Hughes community in the Phoenix West Valley. Located in Floreo, the community’s inaugural village, the model homes offer prospective homeowners an early look at the lifestyle and design that will define the Teravalis experience. “As the first models to open at … [More]
$1B Mixed-Use Development in the Heart of Gilbert Receives Planning Approval
The Ranch, a landmark $1 billion mixed-use development in the heart of Gilbert, Arizona, has officially received final entitlement approval from the Planning Commission on August 6, 2025. With this critical milestone achieved, permitting and construction can now commence on the transformative project poised to redefine the region's landscape and economy. Led by development … [More]
Valley Growth Spurs Another Major Retail Investment in Deer Valley
Cohen & Steers Income Opportunities REIT, Inc. announced its acquisition of Deer Valley Towne Center, a community shopping center in the Deer Valley submarket north of Phoenix, Arizona. The acquisition was made through a programmatic joint venture with Sterling Organization, a real estate investment firm with extensive expertise in shopping centers in the U.S. This is … [More]
