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]
Entertainment & Retail Destination Coming to Laveen
Diversified Partners, one of Arizona’s leading real estate brokerage and development firms, has announced plans for Williams Station, a new entertainment-anchored development coming to the northeast corner of Loop 202 and Dobbins Road in Laveen. The $50 million project will feature a mix of retail, dining and entertainment uses in a walkable, desert-inspired setting that … [More]
Innovative Phoenix Project Mixes Residential & Retail
Developed by Intersection Development, in conjunction with Räkkhaus Studio, the newly completed Rainbow Road project located at 1030 N. 1st Ave. in Phoenix thrives as a lively community hub in addition to offering 36 luxury apartments, igniting creativity and interaction through its bustling art galleries and commercial venues filled with artists, business owners, and … [More]
Future-Proofing Retail
As consumer behaviors evolve and e-commerce continues to shape the retail landscape, commercial real estate owners are being challenged to rethink what makes a shopping center successful. The traditional model, anchored by retail giants and focused on transactions, no longer meets the needs of modern communities. To stay relevant, owners must design spaces that function as … [More]
Why 2026 Will Be the Year to Rethink Building Performance and Air Quality
As Arizona heads into 2026, the recently adopted mechanical code reshapes how designers and owners operate their HVAC systems. By adopting IMC 2024, built on ASHRAE 62.1-2022, Phoenix and the metro area lead the state in taking a significant step toward more efficient HVAC systems. In addition, the adoption of more conservative energy and conservation codes will result in more … [More]
New Villas to Add Capacity and Specialized Care in Chandler as Senior Living Demand Rises
Park Senior Villas - Chandler, the newest senior living community among Park Senior Villas’ Arizona locations, is expanding its campus five years after its 2020 opening. Following significant occupancy growth, the community is breaking ground on an expansion that will add three new buildings to its campus, reflecting the strong demand for personalized senior care. Park Senior … [More]
New 20-Unit Modern Townhome Project Now on Market in Midtown Phoenix
Alice Blakely with The Brokery is now handling sales for Phase One of Soleil, a new 20-unit modern townhome community located at 3rd Street and Windsor in Midtown Phoenix. Soleil is the first residential townhome development from architect developers John Labahn of Lab Design Collaborative and Chicago-based architect, Erik Johnson. The 2,097-2,359 square-foot four-story units … [More]
Mesa Breaks Ground on New 222-Unit Community as East Valley Housing Demand Surges
Evergreen Devco, Inc., a retail, multifamily, and industrial real estate development company, announced that it has broken ground on The Homestead at Lehi, a new 222-unit multifamily community located at 2261 E. McDowell Road in Mesa, Arizona. The three-story garden-style property will feature spacious one- and two-bedroom units averaging 922 square feet, designed to meet the … [More]
San Tan Valley Sees New Housing Option as Demand Expands across Southeast Valley
KB Home, one of the largest homebuilders in the U.S., announced the grand opening of Skyline Village Prelude, 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 kitchens … [More]
Multifamily Development Kicks Off in One of Phoenix’s Fastest-Growing Neighborhoods
High Street Residential, the residential subsidiary of Trammell Crow Company, and joint venture partners Mar-Gulf Management Inc. and MDI Capital, LLC, the international real estate subsidiaries of Kuwait Financial Centre, have broken ground on Union Park Residences in Phoenix’s Norterra master-planned development. The 308-unit, four-story, Class A community will sit on 8 acres … [More]
Maricopa Retail Corridor Begins 56,000-SF Second Phase Anchored by ALDI
Thompson Thrift, in partnership with Forest Creek Ventures, announced that construction has begun on a 56,000-square-foot second phase of Southbridge Marketplace in the city of Maricopa, with shell completion estimated by the end of 2026. ALDI will anchor the second phase and is expected to open in early 2027. "Southbridge Marketplace is helping shape Maricopa's next chapter … [More]
