Following the approval from the Village Planning Committee, Vestar, one of the largest privately held retail real estate companies in the western United States, announced that they are moving forward with plans to develop one of their newest projects- Laveen Towne Center. The open-air shopping center will sit on a 90-acre site in the heart of Laveen, a rapidly growing community … [More]
Real Estate Trust Expands Phoenix Holdings with 700,000+ SF Acquisition
INDUS Realty Trust, Inc., a U.S.-based logistics real estate business, announced that it completed the acquisition of a fully leased, three building, 731,571 square foot Class A warehouse/distribution portfolio in the Phoenix, Arizona market. The portfolio features market-leading attributes, including 30-foot clear heights, 124 dock-high doors, and rail access. The three … [More]
West Valley Multi-Use Development Nears Completion with New Tenant Signings
Sunbelt Investment Holdings, Inc., a retail developer and owner, has experienced substantial leasing progress at Buckeye Commons West, a key extension of its Buckeye Commons development. The project has achieved significant milestones with sitework now complete. Pads have been delivered to a strong lineup of major brand tenants, emphasizing a drive-thru pad tenant format. … [More]
Crowd-Investing Fund Acquires $10.7M Central Phoenix Apartment Complex
Neighborhood Ventures, a real estate operator and an online real estate investment company that enables both accredited and non-accredited investors to invest in multifamily properties, has closed on Venture on Maryland, a 78-unit multifamily community in Central Phoenix. Acquired in a pre-foreclosure transaction directly from the bank for $10.7 million (down from a 2022 … [More]
1.1 Million SF Industrial Logistics Facility Slated for Glendale
VanTrust Real Estate announces its latest development in Arizona, VT303 North, a 1.1 million square foot speculative industrial building located in Glendale. Situated at the southwest corner of Northern Avenue and Reems Road, the project is designed to meet the demand for modern logistics and distribution facilities in the rapidly expanding West Valley. VanTrust acquired the … [More]
Engineering Value through Intentional Design
Although some challenges of the last few years have persisted in commercial real estate development, the outlook has become cautiously optimistic, and leaders are shifting from defensive to proactive strategies. In the realm of interior design, we’re making targeted choices to engineer value right from the start. We’ve used the term “engineering value” as a calculated approach … [More]
Luxury Developments in Phoenix and Carefree
Camelback Palms Scottsdale-based luxury homebuilder Sonora West Development has recently broken ground on two new luxury developments: the four-home Camelback Palms community in Phoenix and the 31-lot Solace development in Carefree, Arizona. Construction is already underway at Camelback Palms, where two homes have started and two more will begin within 90 days. The … [More]
Luxury Developments in Scottsdale
Luxury builder Camelot Homes has started work on two of Scottsdale's newest upscale neighborhoods. The company intends to build 75 homes across two developments — the Edge at Joy Ranch and Villas II at Desert Mountain — located about four miles apart. Matching the price point of more than 80% of homes within Desert Mountain — $2.4 million or greater, according to Homes.com … [More]
Phoenix Is Growing Up
Esplanade Place Phoenix is growing up, way up. With cranes dotting the skyline from Tempe to Scottsdale to Phoenix and beyond, we are no longer a big city that feels like a small town. Rather, Phoenix Metro is now home to multiple urban cores offering a true live, work, play lifestyle. How have cities across the Valley realized these vibrant hubs of continued activity and … [More]
Amkor’s $2B Peoria Pivot Accelerates Chip Plant Timeline, Adds 2,000 Jobs
Amkor Technology, Inc., a provider of semiconductor packaging and test services, announced revised plans for the location of the company’s new semiconductor advanced packaging and test facility in Arizona. The facility will be constructed on a 104-acre site within the Peoria Innovation Core, in north Peoria, AZ. Peoria City Council unanimously approved a land swap … [More]
Scottsdale Brokerage Tops $1B in Sales amid Valley Luxury Home Market Growth
RETSY, Arizona’s Forbes Global Properties brokerage, announced that it crossed the $1 billion mark in sales volume more than two months earlier than in 2024, despite a more challenging housing market marked by rising interest rates and shifting commission structures. Recognized on RealTrends as the #1 brokerage for average sales price of brokerages in Arizona with over $1 … [More]
Uptick in Office Conversions to Industrial Removes Inventory from Market
The Greater Phoenix office market experienced a decline in direct vacancy during second quarter, falling 40 basis points to 15.2 percent, according to a report released by Colliers. A trend of converting office properties to industrial usage resulted in removal of nearly 700,000 square feet from the office inventory which contributed to the drop of vacancy. Tenant demand has … [More]
Developer Breaks Ground on 327K SF Chandler Innovation Park
DPC Companies hosted a groundbreaking event for the Chandler Innovation Park, a three-building industrial park that will offer approximately 327,776-square feet of premier industrial space. The 21-acre site at the northeast corner of Arizona Avenue and Ryan Road is in the heart of the Airpark Area, Chandler’s fastest growing employment corridor. Designed to accommodate a wide … [More]
Phoenix Helps Set the Pace for North American Data-Center Development
Metro Phoenix ranks second in the data center development pipeline, according to the new JLL North America Data Center Report – Midyear 2025. This places the Valley in a prime position as the North America Data Center colocation market reaches a critical tipping point, with vacancy rates plummeting to an unprecedented 2.3% amid relentless demand for digital … [More]
$296M Acquisition Pushes Real Estate Investment Co. Portfolio to Two Million SF
Last week Southwest Value Partners announced the acquisition of seven premier office properties across the Greater Phoenix Metropolitan Area totaling approximately 1.53 million square feet for a purchase price of $296 million. The assets span key submarkets including Downtown Phoenix, the Camelback Corridor, Scottsdale, Tempe, and Chandler. “This acquisition reflects our … [More]
Gilbert Senior Living Community Changes Hands in $44M Deal
Principal Asset Management and IRA Capital announced the acquisition of American Groves, an institutional Class-A senior living community in Gilbert, a suburb of Phoenix, Arizona, for $44.5 million. The sale was facilitated by JLL Seniors Housing Capital Markets on behalf of the seller, American Care Concepts and Reichmann International Realty Advisors, which developed the … [More]
$180M Refinance Announced for Scottsdale’s Four Seasons Resort
Braemar Hotels & Resorts Inc. announced that it has successfully refinanced the existing mortgage loan secured by the Four Seasons Resort Scottsdale at Troon North. The previous loan had a balance of $140 million with an interest rate of SOFR + 3.75% and a final maturity in December 2028. The new non-recourse loan has a balance of $180 million and bears … [More]
City Office REIT Announces $266M First Closing of Phoenix Portfolio Sale
City Office REIT, Inc. announced that it has completed the first closing in the sale of its Phoenix portfolio for gross sale proceeds of $266 million. The sale represents six of the Company's seven properties located in Phoenix. The Company's Pima Center property continues to be under contract at a $30 million gross sales price. Pima Center is expected to close at a later date, … [More]
