Across the Valley, the multifamily real estate market has faced oversupply since COVID. However, Phoenix apartment absorption is now outpacing deliverables for the first time in five years, which signals the beginning of what we expect will be a gradual recovery. It’s important to keep in mind that the pace and success of this recovery vary greatly by submarket, and … [More]
Multifamily Real Estate in the Valley: Recovery from Oversupply
Pace, success and investment opportunity vary by submarket
Data Centers: Changing How Arizona’s Commercial Real Estate Risk Is Insured
Arizona's emergence as a hub for semiconductor manufacturing and data center development is altering the commercial real estate landscape, and local title insurers are adapting. Increased Project Scale The scale of today's projects is unlike anything the industry has seen before. Driven by demand in artificial intelligence, cloud computing and advanced manufacturing, data … [More]
Vesper Aviation to Expand Hangar Capacity at Chandler Airport
The Chandler City Council approved a 30-year ground lease with CHD Curtis East LLC, a new subsidiary of Vesper Aviation, to develop 4.798 acres of currently undeveloped land adjacent to an airport taxi lane at Chandler Municipal Airport. Within 24 months of lease execution, the company will deliver a minimum of 10 standard, 4 large and 2 extra-large executive hangars. Over the … [More]
A Mesa Industrial Park Serves Diverse Uses
Hawes Commerce Park, a neighborhood flex bay development in Mesa, is challenging traditional assumptions about who uses industrial space and how it is used. Developed by Scottsdale-based Cavan Commercial, the 153,000-square-foot campus is home to a diverse mix of small and midsize businesses that require more than a traditional warehouse, such as the world's largest indoor RC … [More]
ChatAEC Aims to Revolutionize the Development Lifecycle
Phoenix-based AIAEC has spent four years developing its flagship program to embed AI into the architecture, engineering and construction lifecycle to support smarter planning, revolutionizing how teams access project information and reducing research that once took weeks to minutes. The program is aimed at both public- and private-sector uses. In fact, its ChatAEC has … [More]
AI in Arizona Commercial Real Estate
Substantial advantages also recognize AI makes human expertise more — not less — important
Artificial intelligence is no longer a futuristic concept for commercial real estate. Across the industry, AI is moving from pilot programs and conference-room demonstrations into everyday workflows — helping brokers research properties, investors evaluate deals, owners manage buildings and property teams respond to tenants. Arizona offers a particularly interesting lens … [More]
Why Some Arizona Businesses Are Choosing Ownership Over Leasing
While headlines continue to focus on office vacancies and an uncertain commercial real estate market, another story is quietly unfolding across Arizona. Many small and midsize businesses are choosing to purchase commercial property rather than renew leases, investing in long-term stability while giving underutilized buildings a new purpose. These owner-users aren't … [More]
Auto & Retail Development at Mesa’s New SR-24 Interchange
Diversified Partners, a leading Scottsdale-based commercial real estate brokerage and development firm, is advancing Destination at Gateway, a 163-acre power center development located at the new SR-24 interchange at Signal Butte Road in Mesa, Ariz., in one of Arizona’s fastest-growing corridors. The project includes two distinct components now available for lease: 24 Auto Row, … [More]
Spec Industrial to Fill Need in West Chandler
A new project known as Ten56 is set to provide more than 180,000 square feet of speculative industrial space in the West Chandler employment corridor. Developed by STAG Industrial and Becknell Industrial, the building will be located less than a mile from the I-10/Loop 202 interchange at the southwest corner of 56th Street and Chandler Boulevard. Ten56 will help meet demand … [More]
Where Hospitality Meets Housing: The Rise of Resort-Adjacent Residential Communities in Phoenix
In Phoenix, where rapid growth continues to reshape both skyline and lifestyle, a shift is underway in how multifamily housing is conceived. Increasingly, the line between where people live and how they experience that environment is blurring as developers blend residential design with elements once reserved for hotels and resorts. Across high-growth markets, resort-adjacent … [More]
Skilled Trades, Big Opportunity in the Construction Boom
How Arizona business leaders can help close the workforce gap
Arizona is in the middle of the largest construction boom in its history, and the trades workforce needed to sustain it is shrinking. TSMC's $165-billion semiconductor campus in North Phoenix alone is expected to generate more than 40,000 construction jobs over four years. Add the surge of data centers and industrial expansion across the Valley, and the challenge becomes clear: … [More]
Integrated Design Is a Risk Management Tool for Development
Development has faced increasing challenges in recent years, with the stress of tariffs, labor shortages and supply chain delays manifesting through projects increasingly being delivered over budget and behind schedule. As the landscape continues to shift and priorities change, an unexpected tool can help hospitality developers stay on track while maintaining the agility needed … [More]
Where Three Generations Meet the Market
Multigenerational living is reshaping housing and influencing the broader business landscape in Phoenix. For decades, the American housing model centered on independence. After World War II, suburban expansion and a surge in homebuilding made it possible for families to spread out, and multigenerational living declined. By the early 1970s, just 7.8% of U.S. households … [More]
Luxury Build-to-Rent Unveiled in Surprise
Mark-Taylor Residential, a trusted leader in luxury property management, recently announced the completion of Estia at Zanjero Trails, a new build-to-rent community in Surprise, Arizona, one of the West Valley’s fastest growing areas. Owned and developed by Zilber Residential Group, Estia at Zanjero Trails offers luxury one- and two-bedroom detached rental homes in a community … [More]
Office-to-Industrial Redevelopment in Tempe
On behalf of Alidade Capital and Pine Creek Real Estate Partners, Phoenix-based general contractor Stevens-Leinweber Construction recently broke ground on TenSixty Interchange, an office-to-industrial redevelopment that will bring new mid-size, infill industrial product to the Interstate 10/Baseline Road corridor in Tempe, Arizona. The groundbreaking comes after months of … [More]
Industrial Campus for High-Growth West Valley
Creation, a performance-driven real estate development and alternative investment firm, in partnership with a real estate fund advised by Crow Holdings Capital, has closed on a 38-acre site in Avondale for the development of Avondale Tech Center, a three-building Class-A industrial campus totaling approximately 700,000 square feet. Located within the West Valley’s premier … [More]
High-Power, Smaller-Footprint in Industrial Corridor
Opus recently broke ground on 59Bell Technology Park, a 57,520-square foot Class A speculative industrial development just south of Deer Valley’s industrial corridor in Glendale, Arizona. Designed to serve companies within the semiconductor and advanced technology supply chain, the building will offer a three-phase 3,000-amp electrical service — a power capacity more commonly … [More]
Why Infill Development Is Becoming a Strategic Advantage in Arizona
As the Valley continues to mature, we are beginning to see a generational shift as builders set their sights on infill development rather than the traditional large tracts of land where concrete tile roofs stretch as far as the eye can see. This shift is driven by buyers demanding shorter commutes, more services and smaller footprints — not just in square footage, but … [More]
