SkyREM has expanded its national footprint to the Southwest with the acquisition of The Confluence, two Class A industrial manufacturing and distribution facilities totaling 325,334 square feet, located in Casa Grande, Arizona, part of the Phoenix submarket. This acquisition reinforces SkyREM's commitment to investing in modern, high-performing industrial assets in … [More]
Casa Grande Lands 40-Acre Industrial Chemical Project
Land Advisors Organization’s Pinal County Specialists Kirk P. McCarville, CCIM, and Trey Davis completed the sale of 40 acres of land in Casa Grande, Arizona, for $9,226,418. The buyer, Sunlit Arizona, acquired the site from Auza Ranches LLC. The property will be developed for hydrofluoric acid manufacturing to support Arizona’s expanding semiconductor supply chain. Sunlit … [More]
Upscale, Design-Forward Hotel Breaks Ground in Mesa
Cambria Hotels - a brand known for design-forward spaces and upscale, locally inspired amenities - broke ground today in Mesa, offering a new level of hospitality to the city. The four-story, 107-room hotel will feature a rooftop restaurant and bar which will be open to the public overlooking the surrounding desert and urban landscape, along with a lobby bar, outdoor pool, … [More]
213-Unit Build-to-Rent Community Breaks Ground in Laveen
Rockefeller Group announced Corsica Villas at Laveen, a 213-unit build-to-rent residential community under construction in the Laveen neighborhood of Phoenix. Located at the base of South Mountain, the project broke ground in October 2025. Corsica Villas at Laveen will feature a collection of standalone duplexes and townhomes in an area of Phoenix where demand continues to … [More]
Valley Developer Partners with National Firm on New Scottsdale Medical Office Building
Hammes, a national real estate consulting, development, investment and management firm, is developing a new 34,000-square-foot medical office building in Scottsdale, Arizona, in partnership with Phoenix-based NOVO Development. The medical office building will serve as an anchor component of the new 43-acre Sierra Bloom mixed-use wellness campus. The building's anchor tenant … [More]
Groundbreaking Set for 950K-SF Mesa Freight Facility Serving Semiconductor Industry
DSV, one of the world’s leading freight forwarders, will break ground on a new 950,000-square-foot regional headquarters in Mesa, representing a $14.5 million investment to support Arizona’s rapidly growing semiconductor ecosystem. The facility, scheduled for completion in early 2027, will serve as a major hub for DSV’s semiconductor customers and will house multiple company … [More]
Full Occupancy at Deer Valley Development Marks Strong Year for Industrial Leasing
Opus announced that the Deer Valley 30 industrial development at 1300 West Almeda Road is now fully leased. The three-building development saw significant activity over the last year, including the sale of one building and the execution of full-building leases in the other two. The development is a joint venture between Opus and Principal Asset Management. A global shipping … [More]
Banner Cuts 237K SF from HQ with Camelback Corridor Relocation
Banner Health, one of the largest nonprofit health care systems in the country and a leader in provider-sponsored health insurance serving 3.5 million people annually across six states, will relocate its corporate headquarters to Bond Phoenix at 3200 E. Camelback Road in Phoenix from Banner Corporate Center – Phoenix Plaza beginning in the fourth quarter of 2026. The health … [More]
533-Unit High-Rise Community Planned for One of Tempe’s Busiest Corners
Empire Group of Companies, through its luxury urban infill division Aspirant Development, announces Revelry, a new Class A mixed-use high-rise community coming to Tempe. This marks the first public announcement of the project, which is expected to break ground this spring on the southeast corner of Rural Road and University Drive. Designed as a landmark addition to Tempe’s … [More]
Developer Breaks Ground on 166-Home BTR Project in Queen Creek
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Amavi Queen Creek, a single-family, build-to-rent community in Phoenix's East Valley. The community, which will feature 166 three-bedroom townhomes with various layouts, is positioned six miles east … [More]
Historic Coronado Redevelopment Blends Preservation and Local Enterprise
Heather Lennon, founder and owner of Imagine General Contracting and Development, has built her career on saving the history of Phoenix, one old building at a time. Now, she is taking on Phoenix’ key historic Coronado neighborhood within the McDowell Miracle Mile Revitalization zone with her new project, Imagine Coronado. With the desire not only to preserve the historic … [More]
Build-to-Rent Developer Bets on Phoenix With New Homes and Scottsdale Office
Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets across the United States, today announced updates across its Phoenix build-to-rent portfolio. In addition to its existing portfolio of BTR developments in the area, the company is now delivering homes across three new communities in Phoenix. When fully delivered, they will total … [More]
Utility Investment Brings Permanent Water Access to Rio Verde Foothills
EPCOR USA Inc., has delivered on its promise to the Rio Verde Foothills community, construction of a permanent water solution is complete, and a new EPCOR-owned water filling station will open January 1, 2026 at 7 am local time. "Promise made, promise kept," said Shawn Bradford, Senior Vice President of Regulated US Water for EPCOR. "We were asked to step in and solve the … [More]
Central Phoenix Landmark Redevelopment Continues Following Acquisition
Kinella Capital, LLC led by Founder and CEO TK Stratton, has acquired One Camelback, a high-profile office-to-residential conversion located at the intersection of Central Avenue and Camelback Road in Phoenix, Arizona. The acquisition marks a new phase for the development, which had remained largely dormant for nearly five years following delays and financial challenges. The … [More]
Short-Term Rentals: A Growing Investment Opportunity in Arizona
Over the past decade, the short-term rental (STR) market has evolved from a niche concept into a thriving sector of the real estate industry. Investors and property owners alike are increasingly drawn to this model, recognizing its ability to generate strong returns while adapting to shifting consumer travel habits. With more travelers seeking unique accommodations and flexible … [More]
One Camelback’s Comeback Finds Its Unlikely Savior
For nearly five years, the tower at Central Avenue and Camelback Road stood as one of Phoenix’s most puzzling real estate stories. Commuters admired its angles and shimmering glass. But for all its promise, One Camelback remained frozen, an office-to-apartment conversion turned cautionary tale. The building was roughly 80% complete, and 100% stuck. Contractors left. Lawsuits … [More]
Medical Office/Inpatient Rehab Combo Honored
Healthcare Real Estate Insights™ magazine’s annual national awards program honors PMB’s Abrazo Health Litchfield Medical Building, the first combination medical office and inpatient rehabilitation facility in Goodyear. Named a 2025 finalist, the 46,000-square-foot facility and surrounding services is positioned alongside the Abrazo West Campus and expands access to … [More]
Construction Resumes on Sports Academy Complex, Hotel
Texas-based real estate developer SSS Partners, LLC recently closed on $183 million in financing and will immediately resume construction on its plans for a private sports academy for grades nine through 12, multi-sport arena and hotel located at I-17 and Sonoran Desert Drive, adjacent to TSMC. SSS Partners acquired the project that was approximately 50% complete in 2023. With … [More]
