Arizona
Phoenix Ranks 4th Among Data Center Markets
North American data center demand surged last year, driving a record amount of construction. Phoenix boasts some of the highest… Read more
Kenco Takes Over 641K-SF Buckeye Warehouse
Kenco signed a lease to take over 641,000 square feet in the I-10 Gateway building in Buckeye. The building, at… Read more
Battery Maker Spending $20M on Deer Valley HQ
Eternity Technologies plans to invest $20 million in a new facility in Deer Valley. The plant will produce batteries for… Read more
Holualoa Debuts Tempe Apartments
Construction is complete on a transit-oriented housing community in Tempe. Dwell @ 5th and Farmer is a 129-unit project integrated… Read more
Medina Station Snags 2nd Anchor Tenant
The last time we reported on Medina Station, a 64.5-acre mixed-use development in Mesa, SimonCRE had locked up Target. Now,… Read more
Phoenix Crowdfunding Venture Picks Up Discounted Rental Asset
Neighborhood Ventures (NV), a real estate crowdfunding company, closed on Venture on Colter, a 123-unit multifamily property in Central Phoenix near Grand Canyon… Read more
Chandler BTR Developer Breaks Ground
Porter Kyle broke ground on The Wayne, a $60-million multifamily Build-to-Rent (BTR) project in Chandler, Ariz. The 100-unit community is… Read more
East Tucson Retail Center Trades for $14.2M
Alturas Capital Partners acquired Montesa Plaza, a 75,000-square-foot multi-tenant retail center spanning 7.2 acres on Tucson’s far-east side. This is… Read more
Rise48 Adds to Charlotte Portfolio
Arizona-based Rise48 is finding success in Raleigh. Less than a year after entering the market, the company made its third… Read more
TSMC Adding $100B to Phoenix Chip Production
The head of Taiwan Semiconductor Manufacturing Co. (TSMC) and President Donald Trump announced yesterday that the company will invest as… Read more
TSMC to Invest $100B More in U.S. Chip Manufacturing
Taiwan Semiconductor Manufacturing Co. will invest an additional $100 billion in U.S. chip production and build more factories here in the… Read more
Cantor Fitzgerald, Silverstein Close Opportunity Zone Fund with More Than $470M
Cantor Fitzgerald, L.P. and Silverstein Properties, Inc. said Monday they had closed on Cantor Silverstein Opportunity Zone Trust II, Inc. with… Read more
Mayo Clinic Planning $1.9B Phoenix Expansion
Mayo Clinic announced a nearly $1.9 billion investment in the continued transformation of its Phoenix campus. This 1.2-million-square-foot expansion includes the construction of a new… Read more
Mesa Airfield Phase II Improvements Underway
Davcon Aviation is fully involved in Phase II of its $70 million improvement package at Falcon Field in Mesa. The… Read more
Phoenix Offices Filling Up
The Greater Phoenix office market posted its highest net absorption in two and a half years, as well as a… Read more
High-End Living At Lower Rents
Mention the words “high-end apartments,” and what might come up next are “high-end rents.” A recent RentCafe report popped the… Read more
Developer Looking at Buckeye’s Verrado for Mixed-Use Project
Greenlight Communities wants to build 954 multifamily units and 5.7 acres of commercial space near the Verrado development on a… Read more
REI Sells Off, Leases Back Goodyear Warehouse
Recreational Equipment Inc. (REI) sold off its West Valley warehouse in Goodyear to Madison Capital for $46.4 million, but REI… Read more
Edged Data Centers Opens New AI-Ready Data Center in Aurora
Edged has completed construction on its newest, ultra-efficient data center designed to power Chicagoland’s exponential AI boom and deliver connectivity… Read more