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Arizona State University is adding an upscale hotel in the heart of its Main Street entertainment district. Novus Innovation Corridor will be the site for a seven-story, 116,855-square-foot property that will be part of Marriott Bonvoy’s Tribute Portfolio. The hotel will feature 168 guest rooms, a rooftop pool and…
Lument closed a $73 million bridge loan for the acquisition of a build-to-rent community in Phoenix.
A 99-year ground lease agreement was executed to develop a light industrial project in Phoenix's Salt River community.
A 99-year ground lease agreement on tribal trust land will bring a light industrial project to Phoenix's Salt River community.
A new 99-year ground lease agreement will bring a light industrial project to Phoenix's Salt River community, according to CBRE.
A vacant 19-story office tower in downtown Phoenix is getting a second life as a 340-room J.W. Marriott, marking a $200 million bet on the city’s still-evolving hospitality market. Las Vegas-based LaPour Partners is converting the tower at 400 East Van Buren Street in the Arizona Center, adding restaurants, a pool,…
PEORIA, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Parc Roundtree Ranch, a 275-unit multifamily property located between Loop 101 and U.S. Route 60/Grand Avenue in Peoria. Terms of the transaction were not released. Steve Gebing and Cliff David of IPA…
Phoenix developers announce new industrial projects to attract TSMC suppliers, enhancing the local high-tech ecosystem.
LaPour Partners plans to transform a once-thriving 19-story Phoenix office tower into a 340-room hotel. The Phoenix Business Journal reports the repurposed property at 400 E. Van Buren St. will be across the street from another signature hotel, the 1,000-room Sheraton Phoenix Downtown. Arizona Center was built in…
PHOENIX — INDUS Realty Trust has aacquired 418,000-square-foot warehouse in Phoenix. Terms of the transaction were not released. Fully leased at the time of sale, the cross-dock building can support distribution uses and features “ample” loading doors and trailer parking with 180-foot deep, fully secured and gated…
PHOENIX — INDUS Realty Trust has purchased a 418,000-square-foot warehouse and distribution facility in Phoenix. Terms of the transaction were not released. Fully leased at the time of sale, the cross-dock building features ample loading doors and trailer parking with 180-foot deep, fully secured and gated truck…
Mack Real Estate Group (MREG) and McCourt Partners are kicking off Phase I of an industrial project within Halo Vista, a 2,400-acre master-planned community in North Phoenix, not far from the Taiwan Semiconductor Manufacturing Company plant. Designed by Ware Malcomb, Phase I is planned to include seven buildings…
MESA, ARIZ. — Garrett Cos. has completed construction of Emblem Mesa, a 248-unit multifamily project located at 1340 S. 48th St. in Mesa’s East Valley submarket. Situated on 14.3 acres, the garden-style development features 13 two- and three-story residential buildings with detached garages and covered parking…
GILBERT, ARIZ. — Grocer Safeway has opened a 64,000-square-foot store at The Gilmore, a 35-acre mixed-use development by Thompson Thrift that is located in the Phoenix suburb of Gilbert. Safeway will anchor the $225 million project, which is set to feature 300 luxury apartments, a hotel and roughly 200,000 square…
GILBERT, ARIZ. — Safeway has opened a 64,000-square-foot location at The Gilmore, a 35-acre mixed-use development by Thompson Thrift located in the Phoenix suburb of Gilbert. Safeway will anchor the $225 million project, which is set to feature 300 luxury apartments, a hotel and roughly 200,000 square feet of…
MESA, ARIZ. — Garrett Cos., with Ware Malcomb as architectural designer, has completed construction of Emblem Mesa, a 248-unit multifamily community located at 1340 S. 48th St. in Mesa’s East Valley submarket. Situated on 14.27 acres, the garden-style development features 13 two- and three-story residential…
A century-old utility built to sell less electricity has stood up an economic-development team to court AI data centers, but the contest now hinges on whether PG&E can deliver power fast enough — and cheaply enough — to keep the investment from flowing to Texas and Arizona. The post PG&E Chases 12.7 GW of AI Data…
PHOENIX — Marcus & Millichap has brokered the sale of a 984-unit Extra Space Storage facility in Phoenix. Located at 6316 N. 7th St., the gated-access property features fully climate-controlled units, drive-in loading areas, multiple elevators, onsite management office, 24/7 video surveillance and an interior…
PHOENIX — Marcus & Millichap has brokered the sale of a 984-unit Extra Space Storage asset in Phoenix. Located at 6316 N. 7th St., the gated-access property features fully climate-controlled units, drive-in loading area, multiple elevators, onsite management office, 24/7 video surveillance and an interior concrete…
MESA, ARIZ. — CBRE has arranged the $52.4 million sale of Avia 266. Beverly Hills, California-based Geringer Capital sold the 267-unit community in Mesa, which will be renamed The Remy,… The post Geringer Capital Sells Avia 266 in Metro Phoenix for $52.4M appeared first on Multifamily & Affordable Housing Business .
Rockwell Property Company purchased the Hayden Park, a 182-unit apartment community at 3015 North Hayden Road in Scottsdale, Arizona, for $42 million. It’s just outside of Old Town Scottsdale. The Hayden Park purchase marks Rockwell’s seventh acquisition in Arizona. Built in 1985 on 8.7 acres, Hayden Park comprises…
Rockefeller Group purchased a 34.1-acre logistics site in Glendale, Arizona, from IndiCap and its capital partner. Rockefeller Group and IndiCap will partner to develop West Olive Logistics Center, a 552,000-square-foot industrial building located at the northwest corner of West Olive Avenue and North Reems Road in…
SURPRISE, ARIZ. — CapRock Partners has purchased Summit at Surprise, a newly completed, 244,847-square-foot warehouse located northwest of Phoenix. Summit Surprise features two freestanding Class A buildings on two parcels totaling 16.9 acres. Building A spans 79,200 square feet, and Building B totals 165,647…
MESA, ARIZ. — CRE8 Advisors has arranged the $6.1 million sale of a newly constructed industrial building located at 7320 E. Pecos Road in Mesa. ADV Reline Service Inc. acquired the asset from Cavan Commercial. The buyer, an underground piper repair company, will utilize the facility to support its operations and…
Salad and Go, a made-to-order fast-casual spot dishing up salads, wraps and breakfast options, has filed for Chapter 11 bankruptcy and revealed all locations will close down immediately. Founded in Gilbert, the chain has more than 60 stores in Arizona as well as a large distribution center on 27th Avenue in…
Another multifamily community in Greater Phoenix sold to an out-of-state investor. San Diego-based ColRich acquired the Avia 266 apartments at 2354 West University Drive in Mesa for $52.4 million, AZ Big Media reported. Beverly Hills-based Geringer Capital was the seller of the 267-unit property, which will be…
Charles Schwab Corp. is investing millions into an extensive renovation of a nearly 84,000-square-foot office space in north Scottsdale where the firm is planning a major Arizona expansion. The Dallas Business Journal reports the financing services company filed a permit for $11.7 million in tenant improvements at…
Urban Standard Capital has deepened its relationship with a major Arizona bank. Commercial Observer can first report that Urban Standard Capital has increased its aggregate financing capacity for transitional commercial real estate loans with Western Alliance Bank — a Phoenix-based regional bank with $90 billion of…
A Morgan Stanley affiliate paid $59 million for a nearly 200,000-square-foot building in Chandler where Honeywell Aerospace has been a tenant since 2020. The industrial park, Amplify Chandler, was sold by Phoenix Rising Investments. JLL brokers Ben Geelan and Greer Oliver represented the seller. The Phoenix…
Scottsdale, Arizona-based investor SimonCRE has acquired Island Plaza, a 92,112-square-foot shopping center located in Oak Harbor on Whidbey Island, with plans for redevelopment. SimonCRE has already signed a 23,666-square-foot lease with a national soft goods retailer for the center’s largest available space.…
Arizona’s residential building sector continues to be one of the state’s main economic engines thanks to the state’s consistent population expansion, growing suburban areas, and continuous need for home upkeep and restoration. While housing supplies, labour difficulties, and material costs receive a lot of…
MESA, ARIZ. — LevRose Commercial Real Estate has arranged the $5.2 million sale of an industrial flex property located at 4220 E. McDowell Road in Mesa. The 2.3-acre site houses a 20,544-square-foot industrial flex building that was built in 2006. The building features 15,494 square feet of office space,…
MESA, ARIZ. — LevRose Commercial Real Estate has arranged the sale of an industrial flex property located at 4220 E. McDowell Road in Mesa. The asset traded for $5.2 million. Situated on 2.3 acres, the property features a 20,544-square-foot industrial flex building that was built in 2006. The building features…
TEMPE, ARIZ. — Local developer Creation, in partnership with CrossHarbor Capital Partners and Amherst, has completed Nexus Commerce Center, a Class A industrial park located at the intersection of Elliot Road and Hardy Drive in Tempe. Situated on a 16-acre site that was once home to Elliot Corporate Center, the…
A Hyatt Place and a Hyatt Studios are slated to be built on Salt River Pima-Maricopa Indian land near Scottsdale along Loop 101. A groundbreaking was recently held for the Arizona Boardwalk Hyatt Place at Talking Stick (shown), a four-story, 142-room hotel that will be constructed adjacent to Arizona Boardwalk, the…
A private California investor just spent upwards of $110 million to acquire a build-to-rent community in Phoenix. Scottsdale-based Cavan Companies sold Bungalows on Camelback, a 334-unit low-density residential community, to entities affiliated with Newport Beach-based Marlowe Moy of Golden Horizon Enterprises for…
The Phoenix metro will have more hotels open this year than any other major city in the United States. The Valley of the Sun is expected to have 26 hotel projects open before the end of the year. The Phoenix Business Journal reports that accounts for 3,615 new hotel rooms being added to the regional ... The post…
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a retail property located at 6780 N. Sandario Road in Tucson. Steven J. Williams and Elizabeth Ann Williams Revocable Trust purchased the asset from Benson-DBS LLC for $1.8 million. The property is a 9,100-square-foot Dollar General NNN…
PHOENIX — Scottsdale, Ariz.-based Cavan Cos. has completed the $112.5 million sale of Bungalows on Camelback, a 334-unit built-to-rent community at 4747 N. 99th Ave. in Phoenix. A California-based private investor has acquired the property for $336,826 per unit. Mark Forrester, John Cunningham, Charles Steele and…
Golden Horizons Enterprises inked a $73.1 bridge loan on Merrick on Camelback, a 334-unit built-to-rent community in Phoenix, Arizona. The financing was arranged by Lument and originated by Arcus Real Estate Capital. The bridge loan has a three-year term with two one-year extension options. Golden Horizon…
MESA, ARIZ. — Marcus & Millichap has arranged the sale of a 364-unit StorQuest Self Storage facility in Mesa. Terms of the transaction were not released. Adam Schlosser, Charles “Chico” LeClaire, Dean Trammell and Kol Bailey of the LeClaire-Schlosser Group of Marcus & Millichap represented the undisclosed seller in…
TOLLESON, ARIZ. — Developer GO Industrial and general contractor Willmeng Construction have broken ground on GO|99 North, a 1.1 million-square-foot speculative industrial building in Tolleson. GO|99 North will feature a Class A warehouse and distribution facility. Situated on 75 acres in Tolleson’s Estrella Park…
Summary and analysis of Phoenix’s current economic and industrial real estate market conditions.
Summary and analysis of Salt Lake City’s current economic and industrial real estate market conditions.
Quarterly analysis of European data center market performance and regional competitive positioning across EMEA.
Quarterly analysis of Asia-Pacific data center market performance and competitive positioning across regional markets.
Global data center market performance and competitive positioning across regions in the second quarter of 2026.
A market analysis of data center performance and trends across Latin American regions.
Quarterly market report tracking data center performance and competitive dynamics across North American regions.
GLENDALE, ARIZ. — Cleveland-based Woodside Health has completed the disposition of Arrowhead Executive Center, a healthcare and office campus in Glendale. Terms of the transaction were not released. Built in 1999, the eight-building campus offers 101,000 square feet of medical office and traditional office space.…
GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinancing of Everly at Morrison Ranch… The post PCCP Provides $51.8M Refinancing Loan for Everly at Morrison Ranch in Metro Phoenix appeared first on Multifamily & Affordable…
A venture between Formation Interests and Crescent Real Estate has broken ground on Phase II of Formation Park 10, a 261,168-square-foot industrial development in Goodyear, Arizona. The three-building expansion follows the completion of Phase I and will bring Formation Park 10 to nearly 689,000 square feet of…
GOODYEAR, ARIZ. — A venture between Formation Interests and an affiliate of Crescent Real Estate has broken ground on Phase II of Formation Park 10, an industrial development located just west of Phoenix in Goodyear. The three-building expansion will bring Formation Park 10 to nearly 689,000 square feet of…
PHOENIX — Crescent Communities has acquired land and begun construction of NOVEL Norterra, a four-story property on an 8.5-acre site in northern Phoenix. The 248-unit development is part of the… The post Crescent Communities Closes on Land for NOVEL Norterra in Northern Phoenix appeared first on Multifamily &…
Phoenix's office market is showing signs of improving health.
TUCSON, ARIZ. — A public-private partnership (P3) between the University of Arizona, Mortenson and Mortenson Development has broken ground on The Catalina, a 1,300-bed residence hall project on the institution’s campus in Tucson. The community is being developed utilizing tax-exempt financing through a partnership…
GILBERT, ARIZ. — PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the cash-neutral refinancing of Everly at Morrison Ranch, a apartment community located in Gilbert. Built in 2025, the Class A, garden-style community features 236 apartments that…
Commercial projects depend on many systems working together, but few are as important as a reliable power supply. From warehouses and manufacturing sites to data centers and large mixed-use developments, electrical infrastructure affects when a building can open, how safely it can operate, and how well it can…
PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for the refinance of Everly at Morrison Ranch, located at 4353 E. Elliot Road in Gilbert. Built in 2025, the 236-unit Class A garden-style multifamily community is 97% leased and is within Morrison…
Crescent Communities closed on a parcel of land for NOVEL Norterra, a new four-story multifamily community planned in northern Phoenix, Arizona. Situated on an 8.5-acre site just east of I-17 in the Norterra neighborhood, the development will include 248 for-rent residences near the TSMC Arizona semiconductor…