Sila Realty Trust, Inc., a net lease real estate investment trust focused on investing in high quality healthcare properties across the continuum of care, today announced the acquisition of five Class A healthcare facilities located in Arizona and Texas (the “Portfolio”), for a contract purchase price of $85.5 million. The Portfolio is comprised of four built-to-suit … [More]
Homebuilder Closes on 545 Additional Homesites in Pinal County, Extending Presence in San Tan Valley
Landsea Homes Corporation, a publicly traded residential homebuilder, announced that it has closed on 545 additional homesites at the Wildera master-planned community in Pinal County, Arizona, with JEN Partners as its land banker. “This is a huge step forward for Landsea Homes and we are excited about extending our presence in the San Tan Valley,” said Heather Cammiso, … [More]
City of Phoenix Proposes New 300-Bed Shelter in West Phoenix
The City of Phoenix is proposing constructing a new City-owned shelter and navigation center at 11 S. 71st Avenue. The proposed shelter will create 280 of the 790 new shelter beds the Office of Homeless Solutions is partnering to add in 2024 and 2025, as part of the City’s continued commitment to … [More]
Home Flipping Plummets across U.S., Phoenix Tops List
ATTOM, a leading curator of land, property, and real estate data, released its year-end 2023 U.S. Home Flipping Report, which shows that 308,922 single-family homes and condos in the United States were flipped in 2023. That was down 29.3 percent from 436,807 in 2022 – the largest annual drop since 2008. The report further reveals that as the number of homes flipped by … [More]
Sprouts Continues Commitment to Women’s Athletics with Eight Name, Image and Likeness (NIL) Deals
Sprouts Farmers Market will continue its long-term commitment to women’s athletics by announcing eight new individual Name, Image and Likeness (NIL) deals with female athletes from schools in Sprouts communities across the country. To date, Sprouts has executed more than 150 female athlete deals through NIL partnerships, solidifying its position as a key supporter of women’s … [More]
Luxury Apartments at The Grove Development at 44th and Camelback Now Leasing
StreetLights Residential’s newest luxury multifamily community in Phoenix hit another project milestone and is now leasing. The Bergen, located in the mixed-use development at The Grove, adds to StreetLights’ growing portfolio of distinctive multifamily developments, and is the design-driven developer’s eighth community in Arizona. “The Bergen offers much more than a home, … [More]
EV Car Co. Launches Contest to Create Latest Hot Wheels Collectible
Polestar Scottsdale is announcing an exciting partnership/contest with Polestar | Mattel Hot Wheels that will turn a design submitted by a member of the public into the next Hot Wheels car. Local student and professional graphic designers are encouraged to submit their most imaginative designs that translate the DNA of Polestar into the ultimate Hot Wheels collectible. The … [More]
Bank Continues Momentum with New Locations and More Expansion in Arizona
Bell Bank, one of the largest family-and employee-owned banks in the country, with assets of more than $14 billion is continuing to show a tremendous amount of growth and new momentum in 2024 with a lot of the new growth in Valley of the Sun. This April, Bell Bank will open a new branch at 6838 N. 58th Drive in Glendale. That opening will be followed by another new branch … [More]
Phoenix Ranked as the Second-Largest Data Center Market in the U.S.
Metro Phoenix prevails as the second-largest data center market in the nation, according to JLL’s new H2 2023 North American Data Center Report. Bolstered by its availability and affordability of power, and its available land for new development, the market during the second half of 2023 completed leases for 748MW of new data center capacity and has 2.8 million square feet … [More]
Pool Filter Co. Launches Initiative to Save 2 Billion Gallons of Water in Arizona
FilterClean, a leading provider of innovative pool cartridge filter cleaning solutions, is proud to announce the launch of an ambitious initiative aimed at saving 2 billion gallons of potable water annually in Arizona. This initiative underscores FilterClean's ongoing commitment to environmental sustainability and water conservation. According to estimates provided by … [More]
New Creative Builder Concept will Pair Skilled Workers to Construct Custom Masterpieces
Indivisible Hardwoods + Creative Customs, a haven for the creative builder, is now open in Scottsdale. Located at 16097 N. 82nd Street in North Scottsdale, Indivisible Hardwoods’ mission is to provide clients with everything needed to construct a custom masterpiece, regardless of skill set. The interior of the space is an inspirational environment in which guests and skilled … [More]
Leading Guitar Manufacturer Joins Highly Anticipated Paradise Valley Mall Redevelopment
RED Development, an industry-leading commercial real estate company known for its high-performing mixed-use and retail portfolio, is adding Fender Musical Instruments Corp. (FMIC), the world's leading guitar manufacturer, to its best-in-class tenant roster at PV, the highly anticipated redevelopment of the former Paradise Valley Mall, in a single-tenant office building set to … [More]
New Affordable Housing Opens to Address Housing Crisis in Phoenix
Rehoboth Place II, a new collection of affordable housing, will be held a grand opening event Tuesday, aiming to address the housing crisis in Phoenix—opening in the Canyon Corridor near 27th Ave. and Camelback, one of the most multicultural diverse areas in the Valley. Rehoboth Phase I with 47 units, which opened 13 years ago, and now Phase II with 66 units, not only provides … [More]
Real Estate Investor Bolsters Portfolio with Warehouse Complex in Chandler Airport Business District
Leading Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, announced the acquisition of Chandler Airport Business Park, a newly finished 318,683-square-foot Class A industrial asset well-located in Chandler. The property consists of four state-of-the-art freestanding warehouse buildings ranging in size from 56,756 square … [More]
Arizona among States with the Highest University Enrollment, Study Reveals
New research has revealed which US states had the highest university enrollment this academic year, with Arizona ranking fourth on the list. Personal finance experts Wealth of Geeks analyzed data from the National Student Clearinghouse on the number of undergraduates across the US who started a degree in 2023, to determine which state has the highest university … [More]
Auto Dealer Expands with New Mitsubishi Dealership in Goodyear
Yates Buick GMC, a well-established name in the automotive industry announced the opening of a new Mitsubishi dealership in Goodyear. Led by Dealer Principal Whitney Yates-Woods, this expansion marks a historic moment for the company, emphasizing its commitment to diversity, innovation, and community support. "Our new Mitsubishi dealership in Goodyear goes beyond mere … [More]
Arizona Gigafactory Partnership Brings Next Phase for Battery Manufacturer
American Battery Factory Inc., an emerging battery manufacturer leading the development of the first network of lithium iron phosphate (LFP) battery cell gigafactories in the United States, announced its partnership with Lead Intelligent Equipment to secure custom automation equipment and machinery for use in its first gigafactory up to 20 GWh in Tucson, Arizona. The … [More]
ASU Partnership to Pioneer North America’s First R&D Center for Advanced Packaging
Arizona State University and Deca Technologies, a premier provider of advanced wafer- and panel-level packaging technology, announced a groundbreaking collaboration to create North America’s first fan-out wafer-level packaging (FOWLP) research and development center. The new Center for Advanced Wafer-Level Packaging Applications and Development is set to catalyze innovation in … [More]
