Banyan Residential, a Los Angeles-based private real estate investment firm, in partnership with national developer Milhaus, has commenced construction on the first phase of a new 515-unit luxury apartment community in Phoenix, Arizona. Phase one, a $117M development consisting of 320 units, is expected to be complete in Q4 2025. UMB, with syndication by First Merchants and … [More]

Vestar, one of the leading privately held shopping center owners and managers in the western United States, announced that they have been selected as the primary property manager for the hospitality district within Novus Innovation Corridor, ‘Novus’. The groundbreaking 355-acre project is redefining urban mixed-use developments, creating a fully walkable, sustainable … [More]

A Phoenix-based, newly built gated townhome community, Willow 38, recently welcomed its first residents. Willow 38, nestled in the Arcadia neighborhood, is an energy-efficient community enabled with smart home technology and constructed with sustainable building materials. As a MEB Management Services community developed by Raintree Investment Corp., Willow 38 offers three … [More]

Mosaic, the nation’s leading institutional-grade general contractor, has broken ground on Avilla Palomino, a new build-to-rent (BTR) community, by NexMetro Communities, with 197 cottage-style apartments and amenities in Glendale. The new community helps alleviate the shortage of high-end rental home options for families and individuals in the Phoenix metro area. Avilla … [More]

Thompson Thrift, a full-service nationally recognized real estate company, announced today the commencement of construction on master infrastructure improvements and approximately 35,000 square feet of freestanding and multi-tenanted retail space near the $20+ billion Taiwan Semiconductor Plant (TSMC) in northern Phoenix. "The property is advantageously situated along a main … [More]

Land Advisors Organization facilitates two transactions on behalf of the sellers for $37 million to a joint venture between Van Tuyl Companies and the Eisenberg Company, set to bring the Buckeye 225 Industrial Park for development and sale to the West Valley. Scottsdale, Ariz. (August 17, 2023) - Two land sales in Buckeye, Arizona, totaling 225 acres for $37 million, will be … [More]

VanTrust Real Estate, a national commercial real estate development company, has completed the acquisition of 66 acres in one of the most active industrial submarkets in the Western United States, the Loop 303 corridor in Glendale. The 66-acre parcel is located at the southwest corner of Northern Ave. and Reems Rd. It is ideally situated less than a mile east of the Loop 303 … [More]

Filling the void of +/-200,000 SF industrial properties being developed in Metro Phoenix, a joint partnership is breaking ground in September on a 216,688 SF spec industrial building on 13.26 acres in El Mirage, Arizona. Scottsdale-based Silver Creek Development and Atlanta-based Stonemont Financial Group plan to deliver the asset, El Mirage Commerce Center, in 3Q 2024, at … [More]

General contractor McCarthy Building Companies and DWL Architects + Planners recently celebrated the topping-out milestone at Phoenix-Mesa Gateway Airport’s (Gateway Airport) new 30,000-square-foot, five-gate terminal modernization project. The approximately $28 million project, which is being partially funded by a federal grant from the Bipartisan Infrastructure Law (BIL), … [More]