Oak Brook, Illinois-based Kensington Development Partners, along with IM Properties, have acquired Phase I of a prime 30-acre infill land parcel in Gilbert, Arizona, for a new upscale development called Signature at SanTan Village. The high-end retail center will sit within the popular SanTan Village retail, restaurant and entertainment corridor. Early anchor tenant commitments … [More]
Luxury Apartment Community a Key Piece in Peoria Place Master Plan
Greystar, a global leader in the investment, development, and management of residential real estate, is pleased to announce that Marlowe Peoria Place is now pre-leasing. First units for the community are anticipated to be delivered in May 2025. The luxury apartment home community is a key piece of Greystar’s Peoria Place Master Plan, a visionary project that will introduce … [More]
CRE Development Co. Adds Industry Veteran to Lead New Hospitality Division
Plaza Companies is expanding its presence in the hospitality industry with the formation of a new arm of the business to pursue hotel and lodging projects. The new division will build off Plaza’s success with mixed-use, office, bioscience, medical, and senior living properties, and comes fresh off the launch of the new Home2 Suites/Tru by Hilton hotels at the company’s Park … [More]
New SARRC Campus in Mesa Celebrates Grand Opening
Willmeng Construction recently celebrated the completion of work for Southwest Autism Research & Resource Center (SARRC) on its new Kathryn G. Bosco Campus at Power and McKellips Roads in Mesa. The grand opening event marked a major step for SARRC, which provides valuable, evidence-based programs that support individuals with autism spectrum disorder (ASD) from childhood to … [More]
Cardiology Practice on Track to Be First Provider in New San Tan Medical Office Complex
Tri-City Cardiology, an East Valley medical practice with 27 board-certified cardiology and vascular care physicians, is on track to be the first of many medical offices to reside at Terraza Medical Village in San Tan Valley. The substantial construction project by Kraus-Anderson Phoenix began on March 10, 2025, and builders anticipate that two of the five buildings will be … [More]
Luxury Homebuilder Plans for New Peoria Community
Scottsdale-based family-owned luxury homebuilder, Camelot Homes, is planning a new luxury community in Peoria, Arizona, within Castle Hill Partners' new 5,300-acre development called Saddleback. Designed for adventure seekers and those drawn to the serenity of the Sonoran Desert, Saddleback offers an unbeatable location just northwest of Phoenix. With Lake Pleasant Regional … [More]
Builder’s Plan for 662 Homes across Four Gated Neighborhoods, Sales Underway
Tri Pointe Homes Arizona, a recognized leader serving the Phoenix market for over 30 years under the name Maracay, has announced the grand opening and sales launch of Soleo, its new planned community in San Tan Valley. Spanning 252 acres and an anticipated 1,435 total homes upon completion, Soleo’s first phase is planned to include 662 homesites across four vehicularly gated … [More]
Single-Family Build-to-Rent Co. Unveils 108 Rental Townhomes in Desert Ridge
Scottsdale-based BB Living, a leader in single-family build-to-rent (BTR) housing communities, announced BB Living Desert Ridge, a brand new community of 108 luxury single family rental townhomes in the Desert Ridge area. With mortgage rates projected to remain high in 2025, purchasing a home is not affordable for many, especially in prime areas like the new Talinn … [More]
Rental Housing Developer Breaks Ground on First Tempe Development
Greenlight Communities, known as a trailblazing developer of attainable rental housing, together with partner Holualoa Companies, is set to break ground on its first Tempe community, Cabana Kyrene. The groundbreaking event is scheduled for March 20, 2025, at 9 a.m., marking a significant milestone in the company’s expansion. Cabana Kyrene will introduce 229 new rental homes, … [More]
Developer Opens Diverse Housing Option in North Phoenix
Liv+ Union Peak, the newest addition to the diverse housing options in North Phoenix's vibrant Norterra and Union Park communities, recently celebrated its grand opening with a ribbon-cutting ceremony. The flagship 55+ age-qualified community at 25400 N. 21st Ave., offers an exceptional lifestyle for residents, blending upscale amenities with a friendly and engaging … [More]
Luxury Community Blends Urban Living with Outdoor Adventure, Marking Developer’s Second Tempe Property
Milhaus and Banyan Residential held a grand opening and ribbon-cutting ceremony for Northbend, a new 310-unit luxury apartment community in north Tempe. Tempe Economic Development Director, Mike DiDomenico and representatives from the Tempe Chamber of Commerce attended the event on March 12 at 906 N Miller Rd. "Northbend represents our commitment to creating fun, innovative … [More]
New York CRE Finance Firm Sales Team Establishes Presence in Phoenix
Walker & Dunlop, Inc. announced that it has grown its Investment Sales team with the addition of managing director, Christopher Westcott, based in Phoenix, Arizona. Westcott’s strategic onboarding is part of the company’s coordinated expansion effort in the mountain and Western U.S., spanning Denver, Southern California, and now Phoenix. Westcott will focus on the … [More]
Crowdfunded Investment Firm Secures 71-Unit Property from Auction. Offering Raises $1.34M in 36 Hours
Neighborhood Ventures, a leading real estate investment company utilizing crowdfunding to enable both accredited and non-accredited investors to invest in multifamily properties, is pleased to announce it has entered into contract on Venture on 52nd Street, a 71-unit multifamily property located at 5245 E Thomas Road in the beautiful Arcadia neighborhood of Phoenix. This … [More]
Real Estate Investment Firm Opens New Mixed-Use Housing Project in Tempe
Construction is complete on an innovative, transit-oriented, attainable housing community in the heart of Tempe. The grand opening will take place on March 15 for a 129-unit multifamily project called Dwell @ 5th and Farmer located on a two-acre parcel at the intersection of 5th Street and Farmer Avenue. Dwell Tempe will provide new housing options for residents working in … [More]
ASU, City of Phoenix Announce Site of $200M ASU Health Headquarters
Arizona State University (ASU) and the City of Phoenix have officially announced the location for the ASU Health headquarters, marking a major step forward in the university’s expansion into medical education. The new facility will be built in downtown Phoenix within the Phoenix Bioscience Core, on a one-acre triangular lot bordered by Fourth and Fifth to the east and west; and … [More]
Suburban Office Campus in Gilbert Sells for $23.5M
The Forum at Gilbert Ranch, a 97,000-square-foot, Class A office campus in Gilbert, Ariz., sold to a private high-net-worth 1031 investor. CBRE’s Geoff Turbow, Anthony DeLorenzo, Matt Pourcho and Charlie von Arentschildt represented the private seller in the sale. The buyer was self-represented. The Forum at Gilbert Ranch is situated on 6.56 acres at 1472, 1482, 1528, and … [More]
Industry Veteran Brings 30 Years of Experience to Lead ABA’s Growth and Innovation
The Arizona Builders Alliance (ABA), a leading trade association for contractors in Arizona, announces Mark Stoller as its new Board Chairman for 2025. Stoller, currently the General Manager Southwest Division for GrayWolf, brings over 30 years of construction industry experience to this pivotal role. Stoller's appointment marks a significant milestone for the ABA, … [More]
Chandler’s $44.6 Million Reclaimed Water Interconnect Facility Completed
General contractor McCarthy Building Companies recently completed the $44.6 million Reclaimed Water Interconnect Facility (RWIF) for the City of Chandler. The facility treats water from the Salt, Verde and Colorado rivers and utilizes Chandler’s reclaimed water distribution system for delivery to several aquifer recharge sites owned by the city. The RWIF project is a membrane … [More]
