A recent survey of commercial real estate investors ranked Phoenix as a top 10 target among U.S. metros. Phoenix slipped three spots to #10 in CBRE’s 2025 U.S. Investor Intentions Survey. Investors are strategically focusing on gateway markets offering discounts and high-growth Sun Belt markets. Phoenix is recognized by investors for its pro-business environment, strong … [More]
Peoria Mixed-Use ‘Lifestyle’ Center Brings Multiple Restaurants and Retailers
From New American to simple Italian and contemporary Japanese, The Trailhead in Peoria plans to please a plethora of palates. A bevy of restaurants and retailers have signed on to the 40-acre, mixed-use development at 83rd Avenue and Happy Valley Road. Among them is Sparrow, a new concept by Sky Restaurant Group. Sparrow reunites Chef Schuyler Estes and former partner Parker … [More]
New Contractor Association Sets Up in Arizona
The Western States Contractors Association (WSCA), a non-profit association of union contractor companies that specialize in heavy civil construction, has announced its establishment in Arizona. Heavy civil construction encompasses the work required to build roads, highways, bridges and rail projects—the backbone of infrastructure development. Charlie Nobles, executive … [More]
Chicago Developer Closes on Land for Luxury Condominium Project in North Scottsdale
Belgravia Group, Chicago’s award-winning real estate developer with more than 75 years of luxury developments constructed under its brand, has closed on the land for Atavia, an 88-unit luxury condominium development located in North Scottsdale’s “new luxury corridor” at Loop 101 and Scottsdale Road. The land closing is announced alongside robust sales velocity for the … [More]
Queen Creek’s Newest Shopping Center Set to Open Latest Retailers
Vestar, the largest privately held shopping center owner and manager in the western United States, celebrates significant milestones in the development of Vineyard Towne Center, its ground up project in Queen Creek. Several new tenants have officially opened, with more retail and service offerings set to join the open-air shopping center in the coming months. Spanning 260,000 … [More]
Co-Lending Construction Program Launched to Fuel U.S. Hotel Development
Glendale-based AVANA Companies, a direct lender specializing in commercial loans, announces a new co-lending construction program with IHG Hotels & Resorts, one of the world's leading hotel companies. This collaborative initiative aims to accelerate U.S. hotel development within the IHG brand family. Hotel owners and developers seeking to build or convert properties under … [More]
Reimagined Paradise Valley Mall Debuts Elevated Apartment Concept
AVE, the residential real estate brand of Korman Communities, in partnership with RXR, announces the opening of AVE Paradise Valley, a new residential community with 400 apartments in the reimagined Paradise Valley Mall site. The state-of-the-art, mid-rise property becomes the first residential project to open within the vibrant mixed-use development. “AVE Paradise Valley … [More]
Global Fulfillment Center for Illinois-Based Parts Co. Takes Full Building at the C|303 Industrial Park in Glendale
Marks company’s largest, most advanced U.S. fulfillment center to date
Phoenix-based Stevens-Leinweber Construction has completed a state-of-the-art Global Fulfillment Center for Illinois-based Parts Town Unlimited. Spanning a full building at the C|303 industrial park in Glendale, Arizona, the facility establishes Parts Town’s first-ever location in the Southwest and its largest and most technologically advanced U.S. fulfillment center to … [More]
Park Central’s Burgbacher Building Basement Transformed into Self-Storage Facility
The iconic Burgbacher Building at Park Central in Phoenix has undergone a unique transformation that is bringing new life to its expansive basement space. In a creative move to enhance the property’s utility, this previously underutilized area is being converted into a state-of-the-art self-storage facility, showcasing the creativity and practicality of adaptive reuse … [More]
Multifamily Home Builder Forms New Leadership Team to Guide into Next Era of Success
As Mark-Taylor Companies celebrates 40 years in the multifamily housing industry, the organization is proud to announce the formation of a dedicated C-suite leadership team. The elevated leadership team is committed to guiding the company into its next era of success, staying loyal to its roots as a people-focused organization. Since its founding in 1985, Mark-Taylor has … [More]
Market-Leading Development Firm Initiates Final Phase of Phoenix’s Largest Logistics Development
Leading Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, announces its groundbreaking of CapRock West 202 Logistics Phase 2. This next and final phase of the state-of-the-art speculative industrial development in the Southwest Phoenix submarket consists of 825,000 square feet of Class A warehouse space across three … [More]
Business Insurance Brokerage Moving to New, State-of-the-Art Office in Chandler
The Mahoney Group, Arizona’s largest independent insurance, risk management, and employee benefits brokerage, is excited to announce its upcoming move to a new, modern office space in Chandler, reflecting the company’s continued growth and commitment to its people-first culture. A move-in-date for the new office, located at 2625 W. Geronimo Place, is scheduled for early … [More]
Catholic Charities’ Housing for Hope Opens Phase Two of Affordable Housing Complex
Housing for Hope, an affiliate of Catholic Charities Community Services, in partnership with Trinity Housing Development, announced the grand opening of the second phase of Acacia Heights Apartments, an affordable housing complex near 7th Avenue and Camelback in Central Phoenix. A multi-year, three-phase development project, the most current stage of construction broke ground … [More]
$30 Million Medical Office Sale Highlights Activity at Development Co.
Unbound Development closed 2024 with a flurry of activity at it’s ALMA 202 mixed-use development in Chandler, including the $30 million sale of the 65,931 square foot Chandler Medical Pavilion building that is fully leased to Banner Health. Unbound, in a partnership with Webb Investments, sold the property to Montecito Medical Real Estate. Chandler Medical Pavilion was … [More]
Vistancia Secures More Than 100 Acres in Land Transactions, Prepares for Future North Peoria Growth
Northpointe at Vistancia and the Village at Vistancia, communities in the 7,100-acre Vistancia master planned community in Peoria, have recently secured over 100 acres in land sales, continuing to poise the community for future growth. “Vistancia’s builder interest and home sales continue to demonstrate the attractability of our community,” said Mark Hammons, General Manager … [More]
Logisticus Group Commits to 483,300-SF Full-Building Lease in 210-Acre Logistics Park
Lincoln Property Company has completed its first lease at the award-winning Park303 logistics park, signing third party logistics leader Logisticus Group to a 483,300-square-foot commitment that fully leases one of the project’s three state-of-the-art buildings. A privately owned company specializing in transportation, logistics, civil engineering, project management and … [More]
Southern California-Based Real Estate Investment Firm Expands into Phoenix Market with Small-Bay Industrial Acquisition
Captiva Partners, a real estate investment and operating firm specializing in industrial and flex properties across the West Coast, is proud to announce the off-market acquisition of a 40,075-square-foot multi-tenant small-bay industrial property located at 2209-2211 W 1st St in Tempe, Arizona, marking its entry into the Phoenix market. Captiva plans to rebrand the property … [More]
Partnership Brings New Dual-Branded Hotel to CityNorth Master Plan
LaPour Partners and Holualoa Companies closed on the land and secured planning approval for a new dual-branded AC Hotel by Marriott and Element by Westin. The 8-story development will feature 240 guest rooms with 5,700 square feet of flexible indoor-outdoor meeting space. The AC Hotel by Marriott will offer 142 guest rooms, and Element by Westin will offer an additional 98 … [More]
