Phoenix
Hyperscalers, Cloud Service Providers Push Data Center Vacancy to New Lows
Demand from hyperscalers and cloud service providers fueled record leasing volume in the first quarter of 2025 amid widespread adoption… Read more
JLL Brings On Maravilla, Schott to National BTR Team
George Maravilla and Noah Schott have joined JLL’s National Build-to-Rent (BTR) team. Maravilla will be the Managing Director, and Schott… Read more
Phoenix Developer Converting Offices to Industrial Park
Formation Interests is transforming an existing 7-building Phoenix office campus of 338,048 square feet into FORMATION PARK 17, a four-building… Read more
Lincoln, Harvard Investments Deliver Goodyear Warehouse, Retail Project
Lincoln Property Company (Lincoln) and Harvard Investments delivered Goodyear AirPark Phase I, a 1.6 million-square-foot, six-building Class A industrial project. Goodyear AirPark… Read more
JV Teaming Up on Scottsdale Apartments
Legacy Partners (“Legacy”), with joint venture partner DWS, started construction on Olea Scottsdale, a 433-residence apartment community in Scottsdale. The… Read more
Pinal County Motorsports Venue Undergoing $30M Expansion
Apex Motor Club wants to add on to its already robust motorsports facility in Maricopa. The expansion proposal includes amenities… Read more
Eco-Friendly Apartments Open in Phoenix
Habitat Metro has completed ECO Phoenix, a multifamily property located at 301 E. Roosevelt in downtown Phoenix. ECO Phoenix, which… Read more
Cityview Opens NYC Office, Plans East Coast Expansion
Cityview, a vertically integrated real estate investment manager specializing in multifamily, is expanding into the Eastern U.S. by opening a New… Read more
High-Tech Sam’s Club to Open in Tempe Marketplace
Tempe Marketplace added new retailers to its shopping and entertainment district. The new lineup includes Sam’s Club and Carhartt, which occupy… Read more
BWE Arranges Refi for Goodyear Apartment Developer
BWE arranged $31.25 million to refinance Cabana Bullard, a multifamily community completed in 2023 and located at the corner of… Read more
Scottsdale-Area Apartments to Replace Strip Mall
Fifield Cos. is tearing down a strip mall just outside the Scottsdale city limits and replacing it with a seven-story… Read more
Glendale Warehouse Trades for $128.2M
A 1.1 million square foot warehouse in Glendale has sold for $128.2 million, sources told the Phoenix Business Journal. EQT… Read more
Family Entertainment Venture to Anchor New W. Phoenix Retail Center
A 75,000 square foot indoor family entertainment center will be Diversified Partners’ anchor tenant at its new 14-acre commercial venture… Read more
Marcus & Millichap Arranges Sale of Texas Roadhouse Property
Marcus & Millichap has completed the sale of a net-leased Texas Roadhouse property in Columbus, Ohio, for $3.17 million. “Investor… Read more
Avnet Moves into Former GoDaddy HQ
ElmTree Funds sold 2155 East GoDaddy Way to Avnet, a leading global technology distributor and solutions provider. The 150,000-square-foot Class… Read more
Regent Properties Pays $90M for 3-Property Phoenix Portfolio
CBRE negotiated the sale of a three-property multifamily portfolio in Downtown Phoenix, totaling 323 units. The portfolio includes Class A… Read more
Sprouts Breaks Ground on New Phoenix HQ
Construction officially began on a new Sprouts Farmers Market headquarters campus in north Phoenix. The campus, located near 56th Street… Read more
Extreme Amenities Highlight Camelback Office Redo
George Oliver has completed the renovation of a 287,000-square-foot office building at 32nd and Camelback. Called The Bond, Oliver took… Read more