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]
Expanding Moving Company Invests in 70,000SF North Phoenix HQ
Muscular Moving Men and M3 Commercial Moving & Logistics, two of the fastest-growing names in the moving industry, have been named honorees in the 2025 Best in Moving Awards, presented by SmartMoving. The recognition celebrates the top 200 moving companies across the U.S. and Canada for exceptional growth, leadership, and service. The announcement comes as the company … [More]
Court Ruling Clears Way for Ritz-Carlton Paradise Valley Villa Closings
Five Star Development announced that the U.S. Bankruptcy Court for the Southern District of Texas has entered a Final Villa Sales Order confirming clean, insurable title and full buyer protections for Villa sales at The Ritz-Carlton, Paradise Valley, The Palmeraie. The Court's Order establishes a clear, Court-approved framework for Villa closings and provides certainty to … [More]
New Logistics Park Targets Supplier Demand Near North Phoenix
ViaWest Group, in partnership with Barings, LLC, and Willmeng Construction, has officially broken ground on ReDiscover Logistics Park, an 808,448 square foot Class A industrial development in Phoenix’s Deer Valley submarket. Work is now underway on one of the most strategically positioned industrial parks in Greater Phoenix, with delivery anticipated in Q1 2027. ReDiscover … [More]
$5.7M Office Acquisition Establishes Tempe Headquarters
Rocket Lister, a Phoenix-based residential real estate marketing company, has purchased a two-story, 46,804-square-foot office building at 4625 S. Wendler Drive in Tempe, Arizona. The company acquired the asset for $5,700,000 and will benefit from more than $1 million in newly completed Class A tenant improvements funded by the previous owner. Rocket Lister will use a portion … [More]
336-Unit Apartment Community Planned for Peoria’s Happy Valley Corridor
Hines, a global real estate investment manager, has closed on a 14.6-acre site to develop a multifamily property located in Peoria, Arizona. The site is located within The Trailhead, a 40-acre mixed-use master plan at 83rd and Happy Valley Road. Pederson Group developed the Trailhead, and this transaction initiates the next and final phase of development within the master … [More]
Scottsdale Firm Backs Expansion into Carolinas with 263-Unit Multifamily Acquisition
Elevest Capital, a privately held real estate investment firm specializing in multifamily assets, is proud to announce the successful closing of Fund 62 in partnership with Rise48 Equity through the acquisition of a two-property multifamily portfolio in Chapel Hill and Greensboro, North Carolina. This strategic investment marks Elevest Capital's continued expansion into … [More]
Arizona Investment Firm Adds Five-Hotel Portfolio in $72M Acquisition
Phoenix-based Hospitality Capital Partners along with its equity partner National Property Advisors have acquired a portfolio of five hotels totaling more than 665 rooms from Service Properties Trust for $72 million as part of a larger NPA transaction. The transaction, which closed on Dec. 4, expands HCP's footprint in key Arizona markets, including Metropolitan Phoenix and … [More]
Stalled Uptown Tower Trades Hands, Restarting One of Phoenix’s Highest-Profile Conversions
After nearly five years in limbo and millions of dollars wrapped in a stalled redevelopment, One Camelback has a new owner and a new trajectory. Kinella Capital, LLC led by Founder and CEO TK Stratton, has officially taken over the prominent office-to-residential conversion at Central Avenue and Camelback Road. With the acquisition, Kinella has begun stabilizing the property … [More]
Developer Secures 27 Acres for $80M Logistics Park in High-Demand 101 Corridor
Provident Industrial, a division of Dallas-based Provident, has acquired 27 acres in Phoenix, Arizona, for the development of Aldea Exchange, a three-building Class A industrial park. Located at the Southwest corner of North 99th Avenue and W. Montebello Avenue, the site is positioned at the heart of the 101 Corridor within Phoenix's Southwest Valley submarket and offers … [More]
Mesa Lands Another Extended-Stay Development as Region’s Tech and Workforce Growth Accelerates
LivAway Suites, a modern extended-stay hotel brand, is expanding its Arizona presence, as a new LivAway Suites branded hotel has officially broken ground in Mesa, Arizona. This project marks the fifth LivAway Suites location in Arizona and one of many new LivAway Suites branded hotels underway across the country, reinforcing LivAway Suites' position as one of the nation's … [More]
Key 8.9-Acre Site Sells in Buckeye’s Booming Jackrabbit Corridor
Kidder Mathews has brokered the $2,530,000 sale of an 8.9-acre commercial land parcel located at the southwest corner of Jackrabbit Trail and Encanto Boulevard in Buckeye, Arizona. Brian Rosella of Kidder Mathews represented the seller, Mountain States Exchange, LLC as Intermediary FBO La Familia Management, LLLP, in the exclusive listing assignment. The buyer was Rosemead … [More]
Industrial Developer Expands into Phoenix, Taps Veteran to Lead Southwest Growth
Constellation Real Estate Partners, an investor and developer of logistics properties, announced that it expanded into metro Phoenix by opening an office in Scottsdale located at 15169 N. Scottsdale Road. Since founding in 2021, Constellation Real Estate Partners has built a pipeline of 24 projects, totaling 12 million square feet across key Sunbelt logistics markets. Sven … [More]
2026 Design Forecast: The Era of Human-Centered Adaptation
Photo of The Pomeroy Apartments in Mesa As we close out 2025 and head into the new year, we’re reflecting on the cultural ripple effects that have ushered in a new design era, one defined by adaptability, empathy and authenticity. Design success will be driven by how well spaces evolve with human behavior, while we focus on the mindset behind the trends, not just the trends … [More]
Retail Breaks Ground in Mesa’s Eastmark
Common Bond Development Group, the award-winning development team behind the world-renowned Global Ambassador Hotel, has officially broken ground on Eastmarket at Eastmark, a new, community-focused retail destination anchored by Sprouts Farmers Market in the heart of Mesa’s award-winning master-planned community, Eastmark. Construction begins this month, with completion … [More]
