Mark-Taylor Residential (MTR) proudly announces management of three communities that combine the best of luxury, convenience and its signature feeling of home. Through a dedicated partnership with Isola Communities, Sobremesa Villas is a highly desirable luxury build-to-rent (BTR) community located in Surprise. Greener living is made possible through advanced, innovative … [More]
Affordable Housing Developer Breaks Ground on Development in Casa Grande
Lincoln Avenue Communities, a mission-driven acquirer and developer of affordable housing, broke ground yesterday on the future site of Cottonwood Ranch during a ceremony with LAC leaders, local policymakers and partners. Cottonwood Ranch will provide 300 affordable housing units to individuals and families in Pinal County earning less than 50% and 60% of the Area Median … [More]
Fifth Homebuilder Announced for the First Village to be Built at Teravalis
Following the recent announcement by Howard Hughes Holdings Inc. (NYSE: HHH) of the first four homebuilders to join TeravalisTM, the company announced today the addition of Century Communities to its growing roster. Century Communities will join Lennar, Brightland Homes, KB Home, and Courtland Communities as the first to build in Floreo, the first village being developed in … [More]
Multi-Tenant Industrial Building in Phoenix’s Deer Valley Sells for $21.85M
Cushman & Wakefield announced the firm has arranged the sale of Pinnacle Peak Commerce Center, a freestanding 93,725-square-foot (SF) Class A light industrial building in the Deer Valley submarket of Phoenix, Arizona. The property was 100% leased to three tenants at closing. The asset was acquired by Top 10 Properties, a Southwest U.S. based real estate investment firm, … [More]
Build-to-Rent Investor Purchases Avondale BTR Community for $57M, First Acquisition in Arizona Market
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]
Chicago Developer Sells Out Its 112-Unit Luxury Condominium Development
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]
Homebuilder Closes on 90 Homesites for New Community in Mesa
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]
Gilbert Industrial Complex Fills Up with eCommerce Operations for Fulfillment Co.
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]
New Luxury Apartments Open within Walking Distance from Goodyear Ballpark
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]
Homebuilder Honored as 2024 Builder of the Year in Arizona
Shea Homes’ Arizona Division, for the third time in four years, claims the top prize in the most renowned yearly competition among Arizona home builders. The 38th annual Major Achievements in Merchandising Excellence (MAME) awards concluded April 6th with Shea Homes winning the 2024 Builder of the Year. Ensuring the highest quality of homes and communities to their customers … [More]
Two Marriott Brands Set for Development in Norterra
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]
Phoenix Real Estate Investment Startup Is Shaking Up Industry
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]
Two Multifamily Management Firms Merge
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]
Two Buildings in Newly Constructed Gilbert Shopping Center Sell
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]
Luxury Condos Expand with Final Phase in North Phoenix
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]
High-End Retail Center Sells, Brings Hawaii-Based Seven Brothers Burgers
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]
655 New Energy-Efficient Homes Go on the Market
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]