For five decades, Agate Construction has remained a cornerstone of excellence in the construction industry. Since its humble beginnings as an agricultural construction company, Agate has grown into a respected leader, maintaining an unrivaled reputation for high-quality construction projects and a devoted commitment to innovation, safety and customer satisfaction. As a … [More]
Developer Completes First Piece of $500M, 88-Acre Peoria Industrial Master Plan
Greystar, a global leader in the investment, development, and management of institutional-quality commercial real estate, joined with officials from the City of Peoria and project partners to celebrate the completion of Caliber by Greystar, a three-building, Class A industrial development in Peoria, Arizona. Caliber marks the first development piece to deliver within … [More]
Hard Rock Music-Themed Hospitality Experience Coming to Scottsdale in 2026
Hard Rock International announced development plans for REVERB by Hard Rock Scottsdale, a music-themed hospitality experience featuring entertainment and outdoor spaces, 195 hotel rooms, an outdoor pool, a rooftop bar and more. The $60 million project in partnership with ERES Capital is expected to open in late spring / early summer 2026, anchoring The Sydney, a mixed-use … [More]
Multifamily Developer Expands Phoenix Presence with Two New Communities
National multifamily developer Wood Partners announced the start of construction on Alta Dove Valley in Phoenix and Alta 87 in Gilbert, Arizona. These new communities bolster Wood Partners' presence in Arizona, bringing its total to 24 starts in the state since the Great Financial Crisis. "Phoenix has, and continues to, experience significant in-migration due to its … [More]
Grand Opening of Luxury Rental Home Community in Phoenix
Sustainable Luxury Phoenix’s Zora Encanto
Suncrest, a leading residential master-developer, is making waves in Phoenix with recent grand opening of their luxury rental home community – Phoenix's Zora Encanto – a first in their planned national portfolio of Zora Living communities, Zora Encanto celebrated their Grand Opening on April 13, and sets a new standard for sustainability and superior living. Located near … [More]
Florida Hotel REIT Announces First Arizona Acquisition, Adds Exposure to Booming Phoenix MSA
Chatham Lodging Trust Acquires Home2 Suites Phoenix Downtown
Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, announced that the company has acquired the recently opened, 148-room Home2 Suites by Hilton Phoenix Downtown for $43.3 million or approximately $293,000 per room. The institutional quality, six-story hotel sits in … [More]
Importance of Placemaking in Conversion Properties
One of the biggest buzz phrases in real estate development currently is office-to-residential conversions, and, with a pipeline growth of more than 350% nationwide since 2020, it’s easy to understand why. Based on a study done earlier this year by RentCafe, these conversions make up 38% of assets being converted into apartment units for 2024, with Phoenix in the top 10 for … [More]
Capitalizing on Greater Phoenix’s Evolution
A general contractor’s perspective
In the dynamic world of construction, few regions embody the ebb and flow of the industry quite like Greater Phoenix. Historically known as a boom-and-bust city, Phoenix has experienced the cyclical dance of housing developments, driven by fluctuating interest rates and economic tides. However, the past decade has seen a transformative shift, turning Greater Phoenix into a … [More]
Move-in-Ready Spaces Planned for Mesa’s Active Industrial Submarket
Martens Development, a Scottsdale-based development firm that is active throughout the Phoenix market, recently broke ground on its latest Class A industrial development in Mesa, Brickyards on Ellsworth. The construction lender for the project is Principal Asset Management. Leading the construction team is general contractor FCL Builders, which is set to deliver an … [More]
Dual-Branded AC Hotel and Element to Open in NW Phoenix
North Texas developer Jackson-Shaw and Tucson-based Holualoa Companies recently broke ground on a new dual-branded AC Hotel by Marriott North Phoenix at Norterra and Element by Westin North Phoenix at Norterra — a 160,133-square-foot building on three acres. It is expected to provide 60 full-time and 20 part-time jobs. The two hotels connected under one roof are located … [More]
