Phoenix & Southwest

An Albuquerque development team is spending $51 million on a two-phase multifamily housing project. The 128-unit project will be located at 724 64th St. NW. in the Atrisco neighborhood. The project is called “West Mesa Ridge A” and is the first phase of a two-phase development. Phase 2 of construction, with the remaining 144 units, …

Revere Capital completed The Hill, a $65 million, 149-unit Class A multifamily community in Los Alamos, New Mexico. The project reached completion after Revere assumed control during construction in 2025 and worked directly with Los Alamos County and the project’s general contractor to drive the development to a stabilized outcome.  “The Hill reflects what we …

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 Phoenix. The co-founders of Salad and Go …

Walmart Inc. plans to build a new Supercenter of more than 170,000 square feet at Houghton Town Center in southeast Tucson, following its $6.99 million acquisition of approximately 33.23 acres of commercial land. Diamond Ventures sold the property to Walmart Inc. Construction is expected to begin during the first quarter of 2027. The property is …

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 Glendale. Cushman & Wakefield’s National Industrial Advisory Group – …

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 21 buildings, with 186 units and 46 …

Keller Investment Properties will refinance a 13-property portfolio through a $718.5 million CMBS loan. Six are in Utah, four in Nevada and three in Arizona. Multihousing News reports that a Nomura affiliate will provide a two-year, floating-rate, interest-only loan. Approximately $696.3 million will refinance existing debt, while $22.2 million will cover closing costs and reserves. …

The Point Partners (TPP), a private development team led by Lincoln Property Company, Colmena Group and Wadsworth Development Group, broke ground on The Point’s first vertical development project, marking the start of the 104-acre downtown district in Draper. This is the first chapter of a broader multi-phase, 600-acre vision for housing, jobs, retail, restaurants, entertainment, health …

RXR, together with Halpern Real Estate Investments, Korman Communities and Invent Development Partners, secured $125 million in construction financing for AVE Station House, a 301-unit luxury multifamily development in Denver, Colorado. The property was financed with a $100 million senior loan from Madison Realty Capital and a $25 million mezzanine loan from an insurance company.  …

A few months ago, the Denver Broncos revealed that they had chosen Burnham Yard as their new stadium site. The team has now released renderings of what the site will look like once the one-time rail yard is converted into a mixed-use development. Below, the 58-acre former turntable at the former railyard sits at the …

Agora Realty (Agora) has completed construction for Hylo Park South, its 90,750-square-foot grocery-anchored retail center located at the southeast corner of Lake Mead Blvd. and Rancho Drive in the city of North Las Vegas. This retail center will be a central gathering place for Agora’s 73-acre master-planned, mixed-use community Hylo Park that is now in …

Waterton has sold Mirasol Apartment Homes, a 400-unit asset in Las Vegas, for $87 million. Tishau Holdings Properties acquired the property. Multihousing News reports Mirasol Apartment Homes, formerly Camden Tiara, previously traded as part of a $140.2 million portfolio deal in 2019 that also included Fairways on Green Valley, a 320-unit community in Henderson, Nev. …