I started working for P.B. Bell, one of Phoenix’s most well-known multifamily developers, 10 years ago. Since that time, the multifamily real estate market has undergone significant change. The Phoenix Metro Area has always been an attractive market, but interest has surged in recent years due to the diversification of the local economy and the unanticipated impact of the … [More]
Sustainable Water Management Starts with Strong Infrastructure
Living in a desert under drought conditions inevitably makes water management a priority for Arizona residents, municipalities and businesses. As Maricopa County continues to see residential and commercial growth, the demand for reliable water and wastewater infrastructure increases. Expansion and growth in the semiconductor industry adds even more pressure to balance supply … [More]
115 Homes Approved for San Tan Valley as Master Plan Takes Shape
Mattamy Homes, the largest family-owned home builder in North America, announced the purchase of nearly 28 acres of land in the highly anticipated 473-acre master-planned community of Soleo, located in San Tan Valley, Arizona. Ryan Semro, Bret Rinehart and Ben Heglie, advisors with Land Advisors Organization's Homebuilding team represented Tripoint in the transaction. The … [More]
$850M Metrocenter Transformation Advances with Builder Announcement and New Renderings
Developer Concord Wilshire Capital announced that it has completed demolition of Metrocenter Mall and Oakwood Homes has been named the exclusive residential builder for The Metropolitan, an $850-million, vibrant, mixed-use destination project. The 64-acre development is set to transform the former site of the Metrocenter Mall into a walkable urban village seamlessly integrating … [More]
Downtown Phoenix High-Rise Opens With 370 Apartments and On-Site Coworking
Rosie is officially open in downtown Phoenix, welcoming new residents to a fresh take on city living. Think modern furnished apartments, rooftop views, and some of the best work-from-home spaces you'll find anywhere—all wrapped into your rent. Rising 19 stories above the heart of downtown, Rosie offers 370 apartments, with most homes designed as efficient, stylish studios. … [More]
Affordable Housing Expands in Phoenix with 126 Units Open and 72 Underway
Ulysses Development Group, a national developer of affordable and workforce housing, hosted a grand opening celebration at Dahlia Village, marking the official opening of 126 affordable homes. To celebrate the milestone, UDG was joined by local community leaders and residents. Located at 3620 S 12th St, Dahlia Village provides quality housing to residents earning 60% or less of … [More]
Mesa Aviation Expansion Moves Forward with 36,000 SF of Hangars and New FBO
Arizona-based commercial and industrial contractor Primak Construction Group, and Cunningham Aviation, have broken ground on a ground up project for Cunningham’s services at Falcon Field in Mesa with the addition of a new aircraft hangar building, and a new Fixed Base Operations (FBO) building. The new ground-up project will sit on 3.3 acres and will feature 36,000 square feet … [More]
Modular Apartments Open Near Loop 202 as Prefab Housing Expands in Valley
Tudo Capital, an innovator in modular housing, announced the completion of its first project, “Stacks on Polk”, a 19-unit modular building in Phoenix made of 45 recycled shipping containers. The modules were fabricated in Tudo Capital’s factory in Hermosillo, Mexico, then shipped to Phoenix fully certified and compliant with the latest Phoenix International Building … [More]
Downtown Phoenix Adds 60 Affordable Senior Apartments, with 60 More to Come
Pennrose, Butler Housing Company, CBC Financial Corp, the City of Phoenix, the Arizona Department of Housing, and project partners gathered today to celebrate significant progress on Garfield Terrace, a $57 million, multi-phase development bringing 120 high-quality, affordable senior apartments to Downtown Phoenix’s Garfield Historic District. The event commemorated the grand … [More]
East Valley Housing Expands with Walkable San Tan Valley Community
KB Home, one of the largest home builders in the U.S., announced the grand opening of Bella Camino Traditions, a new community situated in desirable San Tan Valley, Arizona, which provides the perfect blend of small-town charm, outdoor adventure and picturesque desert landscapes. The new homes are designed for the way people live today, with popular features like modern … [More]
Groundbreaking Launches 88-Unit Condo Project in North Scottsdale’s Emerging Luxury Corridor
Construction is officially underway on Atavia, an exclusive 88-unit luxury condominium community by the renowned Belgravia Group, a Chicago-based developer with more than 75 years of award-winning residential expertise. Nestled in the heart of North Scottsdale’s emerging luxury corridor, just north of Loop 101 and east of Scottsdale Road, Atavia marks the newest chapter in the … [More]
420K+ SF Mesa Industrial Campus Reaches 100% Occupancy
Cushman & Wakefield announced that Centris Industrial at Mesa, a newly constructed two-building Class A industrial project totaling 421,682 square feet owned by Outrigger Industrial has reached 100% occupancy. Delivered in late 2024, the two-building project is situated at the highly visible corner of Pecos Road and 80th Street in Mesa, Arizona. The property represents … [More]
22,000-SF Recreation & Wellness Hub Breaks Ground in Buckeye
Teravalis, a Howard Hughes Community, broke ground on Echo Community Center, a 22,000-square-foot recreational and wellness hub that will anchor the community’s first village, Floreo. Local officials, community leaders, development partners, and stakeholders gathered for the ceremonial groundbreaking for the center, which is set to open in early 2027. Echo Community … [More]
Gilbert’s First Garage-Style Apartment Community Debuts with 257-Unit Alta 87
National multifamily developer Wood Partners has expanded its presence in Phoenix with the opening of Alta 87 in Gilbert, Arizona, a suburb southeast of the city. This marks the company's third community in the region and the Town's first with a structured parking garage. Alta 87 is now leasing, offering two months of free rent along with other exclusive specials. "The … [More]
Six Phoenix Communities Included in $1.1B, 15-Property Multifamily Deal
JLL's Capital Markets Group announced that it has arranged a $1.1 billion, 15-property, national multi-housing portfolio venture located in six states. JLL worked on behalf of the owner, Sunroad Enterprises, to capitalize the portfolio with Fairfield, who was awarded the portfolio through a targeted marketing process. Additionally, JLL also arranged $415 million in financing … [More]
Fully-Leased Industrial Hub Changes Hands in West Valley
Wilson Investment Properties announced the acquisition of Mountain Vista Commerce Center, a three-building industrial/flex complex located at 14647 S. 50th Street in Phoenix’s Southwest Valley. The ±134,713-square-foot property offers high-quality small-bay industrial space in the heart of the Silicon Desert, one of the fastest-growing industrial sub-markets in the … [More]
North Mesa’s Ridgeview Plaza Hits Full Occupancy After Leasing Push
In just under a year, Phoenix-based retail brokerage specialist Western Retail Advisors has completed a series of new leases to bring Ridgeview Plaza in north Mesa, to 100% leased. Located on more than 12 acres at 2920 N. Power Rd., Ridgeview Plaza totals more than 124,000 square feet, situated immediately north of McDowell Road and just west of the Loop 202 freeway. The … [More]
New 23-Home Luxury Project Breaks Ground in Scottsdale’s Seven Desert Mountain
Camelot Homes broke ground at Villas II, the second phase of its premier 23-home lock-and-leave community of single-family detached residences within the prestigious, critically acclaimed Seven Desert Mountain golf community. The Camelot team was joined by Mayor Lisa Borowsky and representatives from Desert Mountain Club and the Scottsdale Chamber of Commerce as they turned the … [More]
