Dominium, a leading national affordable housing owner, developer and manager, recently broke ground on its first Build-to-Rent community in Maricopa. Saddleback Village at Stonegate will offer 215 high-quality homes, each with three and four bedrooms in the fast-growing area. The community will feature a playground, private backyards and outdoor amenity spaces. To live at … [More]
Class-A Industrial Completed Adjacent to the Scottsdale Airport
LGE Design Build, an award-winning integrated design-build firm, recently completed construction on Thunderbird Commerce Park, a 243,360-square-foot Class-A industrial building in Scottsdale Airpark developed by Creation. Blending a refined industrial aesthetic with operational flexibility, the project is situated on an 18-acre parcel east of the southeast corner of … [More]
VC Joins $51M Arizona AI Data Center Land Deal
Arizona Land Consulting (ALC), Arizona’s AI data center investment fund led by Anita Verma-Lallian, has closed on a landmark $51 million land deal, further solidifying its position as a driving force in the state’s AI infrastructure race. In a major vote of confidence, renowned venture capitalist Chamath Palihapitiya has joined the investment group backing the deal, alongside … [More]
Phoenix Office Market Evolves as Demand Shifts Toward Upgraded Class-A Space
Phoenix’s office market is continuing to evolve as demand for upgraded Class-A space drives a surge in tenant improvement projects, according to LGE Design Build’s newly released Q2 2025 Construction Delivery Outlook. “Phoenix’s growth trajectory is still strong, but we’re now seeing more selective investment as developers and owners react to new market signals,” said Blake … [More]
1.2-Million Square-Foot Project Brings Logistics Provider Updated Operational Space
Sun State Builders completes construction on 1.2 million square-foot tenant improvement two months ahead of schedule. The office/warehouse for WPT Capital Advisors and Logistics Plus, named Logistics Plus PHX 2, is situated on seven acres at the northeast corner of Loop 303 and Bethany Home Road in Glendale. Construction began in March 2024 and was originally slated for … [More]
Developer Delivers Biltmore-Area Luxury Office Redevelopment
Phoenix-based developer George Oliver has completed its Bond office redevelopment in the heart of the Camelback Corridor, delivering a market-leading amenity package in what the company considers its most ambitious metro Phoenix office transformation to date. Located at 3200 E. Camelback Rd., Bond sits on the landmark corner of 32nd Street and Camelback Road in Phoenix, … [More]
Investment Co. Sells Expansive Phoenix Area Resort for $865M
Trinity Investments, a U.S.-based hospitality-focused real estate investor, announced the sale of the JW Marriott Phoenix Desert Ridge Resort & Spa, a 950-room hotel and the largest resort in Phoenix, for $865 million to Ryman Hospitality Properties, Inc.. Trinity acquired the asset in 2019 for $602 million, with financial backing from Elliott Investment Management. In … [More]
CRE Co. Brokers $137M Luxury Multifamily Property Sale in Chandler
Institutional Property Advisors, a division of Marcus & Millichap dedicated to serving the company’s institutional clients, announced the sale of Zaterra, a 392-unit multifamily property in Chandler, Arizona. The asset traded for $137.5 million, or $350,765 per unit. “Chandler is among the highest barrier to entry submarkets in the Phoenix metro and Zaterra is one of … [More]
Optima Launches Sales for First Tower at $1B North Scottsdale Community
Optima, an internationally acclaimed architecture and real estate development firm, announced today the launch of sales for the first luxury condominium tower at Optima McDowell Mountain—a $1 billion, design-forward community in North Scottsdale that has already secured close to $27 million in early reservations ahead of its public release. Optima McDowell Mountain … [More]
Development Co. Achieves Full Lease-Up at Premier Industrial Development in Mesa
Kitchell Development Company announced that Abbott Labels has leased the final 50,509-square-foot vacancy at Elliot 94, completing the lease-up of the premier Class A industrial development in Mesa. With three tenants now occupying the 216,050-square-foot development, Elliot 94 is now 100% leased—making it one of the first fully occupied developments in the fast-growing … [More]
