Arizona
Developer Lands $42.5M Financing for Scottsdale Shopping Center
Pivot Development landed a $42.5 million equity placement for the Papago Marketplace, a 55,000-square-foot retail center in Scottsdale. JLL Capital… Read more
GBI’s Vicki Worden: Data Centers, Sustainability Go “Hand-in-Hand”
As demand for data continues growing unabated, development of data centers continues to ramp up. Yet the facilities’ 24/7 consumption… Read more
Gilbert Greenlights Massive Development
The City of Gilbert has okayed all entitlements for The Ranch, a landmark $1 billion mixed-use development. Led by development… Read more
Chicago/Midwest People & Company News, week of August 8, 2025
Lee & Associates announced that Colin Sons has joined the brokerage group as an associate. He will provide a full… Read more
Costco On Phoenix Metro Buying Spree
Costco Wholesale Corp. has bought two parcels for $35 million to build Costco Business Centers. The Phoenix Business Journal reports that… Read more
Chandler Rental Community Sells for $109.5M
Country Brook Apartments, a 396-unit multifamily property in Southwest Chandler, has sold for $109.5 million. Cindy Cooke, Brad Cooke, Chris… Read more
Avondale Picks Developer to Build Gateway Attractions
The city of Avondale chose Blueprints Capital and Whitten Development to build a 16-acre city-owned entertainment hub that would serve… Read more
Queen Creek Battery Maker Reveals Open Date
LG Energy Solution Ltd.’s (LGES) battery factory in Queen Creek is preparing to open next summer. The Phoenix Business Journal… Read more
Banner Health Proposing $400M Scottsdale Hospital
Scottsdale may soon be home to a 640,000 square foot hospital at the corner of Hayden Road and Loop 101.… Read more
Puma’s Glendale Warehouse Sells for $140.2M
Clarius Partners recently sold a Glendale Puma distribution center at 8900 N. Sarival Ave. for $140.2 million. JLL Income Property… Read more
Plans Revealed for Massive Arizona Data Center Industrial Park
Arizona land developer Vermaland unveiled plans for a $33 billion data center industrial park that would become the largest such development in… Read more
Knightvest, ColRich Ink Deal on Phoenix Rental Community
Knightvest has sold a Phoenix rental property for $62.3 million. ColRich purchased the 292-unit downtown multifamily community. Built in 2016,… Read more
Scottsdale Hotel Set for Makeover, New Name
Lionheart Strategic Management and Schroders Capital provided a $23.5 million mezzanine loan to Namastay Development and Hospitality Capital Partners to… Read more
Scottsdale Rental Asset Acquired for Nearly $400K/Unit
High Street Residential sold off the Huxley Scottsdale, a multifamily community developed with PGIM Realty. Phoenix-based Pillar Communities acquired the… Read more
Dominium Planning 304-Unit BTR Project in Surprise
Dominium acquired a 26-acre parcel in Surprise to build a 304-unit Build-to-Rent community called Allasso Ranch. The project will be… Read more
Hillwood Pays $44.5M for Surprise Warehouse
Hillwood Investment Properties has acquired Blue Cactus Logistics, a 258,100 square foot Class A industrial building in Surprise, AZ, in… Read more
Alterra IOS Acquires 12-Site, 43-Acre Portfolio
Alterra IOS has acquired 12 IOS sites, totaling 43.3 usable acres with over 165,000 square feet of accompanying warehouse space.… Read more
Formation Completes 427K-SF Goodyear Warehouse Project
Formation Interests recently completed Phase I of Formation Park 10 at Bullard Avenue and Celebrate Life Way in Goodyear. Formation Park 10 is… Read more