The Chandler City Council approved a 30-year ground lease with CHD Curtis East LLC, a new subsidiary of Vesper Aviation, to develop 4.798 acres of currently undeveloped land adjacent to an airport taxi lane at Chandler Municipal Airport. Within 24 months of lease execution, the company will deliver a minimum of 10 standard, 4 large and 2 extra-large executive hangars. Over the … [More]
A Mesa Industrial Park Serves Diverse Uses
Hawes Commerce Park, a neighborhood flex bay development in Mesa, is challenging traditional assumptions about who uses industrial space and how it is used. Developed by Scottsdale-based Cavan Commercial, the 153,000-square-foot campus is home to a diverse mix of small and midsize businesses that require more than a traditional warehouse, such as the world's largest indoor RC … [More]
Massive Industrial Proposal Could Reshape More Than 5,000 Acres West of Phoenix
Scottsdale-based LKY Development is pursuing industrial zoning for approximately 5,157 acres near Tonopah, positioning a large portion of the Belmont master-plan area for employment uses west of Phoenix. The vacant site lies generally between 347th and 371st avenues, north of Indian School Road. Maricopa County supervisors approved a comprehensive-plan amendment for the … [More]
260-Unit Deer Valley Apartment Community Changes Hands for $58.7M
Institutional Property Advisors, a division of Marcus & Millichap dedicated to serving the company’s institutional clients, announced the sale of Ascend at Black Canyon, a 260-unit multifamily property in Phoenix, Arizona. The asset traded for $58.7 million, or $225,769 per unit. “North Phoenix is positioned to generate tens of thousands of high-earning jobs supporting … [More]
269K-SF Industrial Project Breaks Ground in Fast-Growing Chandler Employment Corridor
Seefried Industrial Properties, in partnership with WDP Partners, has broken ground on a new Class A industrial project at 1703 S. Arizona Ave. (State Route 87) in Chandler. Situated on 16.7 acres just north of Germann Road, the two-building project will add 269,100 square feet of modern industrial space to the Chandler Airpark submarket, the city’s fastest-growing employment … [More]
Global Real Estate Partnership Enters Phoenix Market with Surgery Center Acquisition
Lincoln Property Company, a global, full-service real estate firm with over $31 billion of assets under management, and PGIM, the global investment management business of Prudential Financial Inc., today announced the acquisition of Surgery Center of Gilbert, located in metro Phoenix’s East Valley submarket. The purchase represents Lincoln and PGIM’s first acquisition together … [More]
Six New Leases Expand Retail and Dining at Goodyear’s 150-Acre GSQ
Six new leases signed at GSQ mark the latest step forward for the 150-acre mixed-use development as it continues to build out Goodyear's emerging town center. The newest leases introduce more dining, retail and beauty concepts to the West Valley. Sephora and J.Crew Factory Outlet will open next to each other in 2027, each occupying 5,000 square feet. The global prestige beauty … [More]
Mesa Clears Key Hurdle for Record $3B Private Development
The Mesa City Council unanimously approved a development agreement for Legacy Park and Gateway Crossing, marking a major step toward a roughly $3 billion private investment in southeast Mesa. The development builds on years of public and private investment in the Gateway area and the growth surrounding major economic and community assets including Mesa Gateway Airport, … [More]
103K-SF Surprise Development Marks National Firm’s Arizona Debut
Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Delray Beach, Fla., announced the acquisition of land and closing of a $20.5 million construction loan for a new self-storage development at 17140 W. Waddell Road in Surprise, Ariz. The transaction closed on Sept. 2, 2026. The project marks Basis Industrial’s first self-storage … [More]
The Restaurant-District Model Finds an Unexpected New Market
The approach senior living communities take to dining has fundamentally changed. Where shared cafeteria-style spaces once dominated, today's communities’ providers are embracing a hospitality-first philosophy that mirrors the variety, energy, and identity of a thriving restaurant district. Residents are arriving with higher expectations, and the industry is responding with … [More]
