Tri Pointe Homes, one of the largest homebuilders in the U.S., announced that construction is underway at Lusitano, a new self-developed community spanning approximately 40 acres at the southwest corner of Pecos and Greenfield Roads in Gilbert, Arizona. Planned for 76 single-family homesites, including 65 standard homesites and 11 oversized homesites, Lusitano is designed to … [More]
National Wealth Firm with $10B under Management Anchors 33K-SF Leasing Wave at SkySong
SkySong, The ASU Scottsdale Innovation Center, is continuing to attract significant new investment and expansion from growing companies, highlighted by Modern Wealth’s move to a 24,526-square-foot flagship office occupying the top floor of SkySong 5. The move follows Modern Wealth’s acquisition of Mesa-based Public Safety Financial/Galloway, a landmark transaction that … [More]
Sprouts to Open at Newly Completed 50K-SF Eastmark Retail Hub
Common Bond Development Group, the award-winning team behind class-leading lifestyle destinations such as The Global Ambassador and The Park at 83, has announced the completion of development and a lineup of tenants coming to Eastmarket at Eastmark, anchored by the forthcoming grand opening of Sprouts Farmers Market on September 18. The debut of Sprouts marks the official … [More]
Landmark Phoenix Tower Secures $44.5M for Multi-Tenant Transformation
Foundation 8, LLC and the Hilco Global Real Estate Capital practice announced the closing of a $44.5 million loan secured by the office component of 333 N Central Avenue, a landmark mixed-use tower in Downtown Phoenix. The financed property comprises 246,490 square feet of Class AA office space across the top eight floors of the tower, 2,522 square feet of ground-floor … [More]
45K-SF Industrial Campus Breaks Ground near Phoenix-Mesa Gateway
Commercial Properties, Inc. / CORFAC International and The Leroy Breinholt Team announced construction is underway at Signal Butte & Germann, a new Class A light industrial development by Dale Cavan and Cavan Commercial announce the firm's appointment as the exclusive brokerage for the project. Located at 7423 E. Signal Butte Road in Mesa, Arizona, the 45,021-square-foot … [More]
Scottsdale Commercial Real Estate Firm Acquired in $1.6B Deal
Cerberus Capital Management, L.P., a global alternative investment firm with established corporate credit and real estate platforms, announced that certain funds and accounts have sold Tenet Equity to CBRE Investment Management, which is making its investment on behalf of several of its investment strategies, for $1.6 billion. Cerberus founded Tenet in 2021 alongside … [More]
Major East Valley Development Unveils Wave of New Tenants
Heritage Park, the mixed-use destination rising at the northern gateway of Gilbert's Heritage District, announced the first five tenants set to open at the development — led by Arizona's first Popup Bagels and three East Valley firsts — as construction continues to advance toward early second-quarter 2027 openings. Popup Bagels will bring its first Arizona location to Heritage … [More]
110-Acre Factory Breaks Ground to Supply Greater Phoenix Building Boom
Clark Pacific announced it has broken ground on a new manufacturing plant in Coolidge, Arizona. The plant, which will span 110 acres when complete, will be constructed in phases, with the final phase scheduled for completion by spring 2027. Clark Pacific will begin manufacturing prefabricated building systems immediately in a temporary facility while construction moves forward. … [More]
Eastmark’s Rapid Growth Continues with 261-Unit Mixed-Use Community
Evergreen Development, a regional commercial real estate developer headquartered in Phoenix, has acquired an 11.7-acre parcel north of Signal Butte and Warner in Mesa's Eastmark submarket to build a mixed-use community that pairs multifamily housing with new retail. The property was purchased from Brookfield. The development combines apartment homes with a retail center, … [More]
ChatAEC Aims to Revolutionize the Development Lifecycle
Phoenix-based AIAEC has spent four years developing its flagship program to embed AI into the architecture, engineering and construction lifecycle to support smarter planning, revolutionizing how teams access project information and reducing research that once took weeks to minutes. The program is aimed at both public- and private-sector uses. In fact, its ChatAEC has … [More]
