Phoenix
Vestar Triggers Two AZ State Land Auctions
The $65 billion Taiwan Semiconductor Manufacturing Company plant in North Phoenix remains a magnet for development. The Phoenix Business Journal… Read more
Trident Capital Scores Refi for Scottsdale Retail Center
Trident Capital Partners secured a $13.25 million refinancing for the owners of Scottsdale Towne Center on Frank Lloyd Wright. Vestar… Read more
“Small-Format” IKEA Opening in Phoenix
A small-format IKEA is getting ready to open at the Village Square II shopping center at 4643 E. Cactus Road.… Read more
40-Room Sedona Hotel Scores $37M Refi
Ambiente, Arizona’s only Two MICHELIN Key hotel, inked a $37 million refinancing for the adults-only property. The non-recourse loan was… Read more
Hamilton Zanze Offloads Glendale Rental Asset for $82.2M
TerraCap Management has acquired Tresa at Arrowhead Apartments, a 360-unit community in Glendale. Hamilton Zanze & Co. sold the asset… Read more
Manufacturing Investment, By the Numbers
Amid all the noise about onshoring, reshoring and bringing manufacturing back to the U.S., are the numbers. According to Newmark’s… Read more
Wentworth Picks Up 238K-SF Office Campus Near TSMC
Workspace Property Trust has offloaded a 238,000 square foot office complex on Phoenix’s north side. Wentworth Property paid $26.7 million… Read more
Vintage Partners Looking at W. Phoenix Mixed-Use Venture
Once Phoenix changed its policies on where data centers would be a good fit, Vintage Partners decided a 63-acre parcel… Read more
Former Fiesta Mall Site Adding Two Hotels
Sunny Day Sports announced plans Monday for two new hotels at the former Fiesta Mall site in Mesa. Called the… Read more
Phoenix Continues Industrial Market Dominance
Greater Phoenix continues to shine as one of the nation’s top-performing industrial markets. Strong tenant activity heading into 2026 indicates… Read more
Marriott AC Hotel Brand Opens in Scottsdale
PEG Cos. opened AC Hotel Scottsdale Old Town, a six-story AC Hotels by Marriott asset at 7117 E. 3rd Ave.… Read more
Gilbert Retail Center Trades for $85M
Meridian Capital Group has arranged $60 million in acquisition financing for the purchase of Gilbert Gateway Towne Center, a 263,973-square-foot… Read more
New Age Plastics Recycler Reveals Start Date for Eloy Plant
The small town of Eloy, between Phoenix and Tucson, will soon be home to a $400 million plastics recycling facility.… Read more
ViaWest, Walton Sell Tempe Warehouses for $24.5M
Speed Bay paid $24.5 million for Farmer Industrial Center, a 93,900 square foot, two-building industrial park in Tempe. ViaWest Group… Read more
U.S. Home Prices Post Smallest Annual Gain Since 2011
S&P Dow Jones Indices said Tuesday that the S&P Cotality Case-Shiller U.S. National Home Price NSA Index posted a 1.3%… Read more
Knight-Swift Acquires 24-Acre Phoenix Truck Terminal
One of Arizona’s largest businesses bought a onetime FedEx facility in Phoenix. Knight-Swift Transportation Holdings’ affiliate bought a distribution facility… Read more
Brentwood Apartments Trade for $825K Per Unit
Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged today the sale and financing of Luxe Villas, a 60-unit… Read more
Costco Planned for N. Phoenix’s Halo Vista
Costco has committed to building in Halo Vista, the 2,300-acre site near the Taiwan Semiconductor site in North Phoenix. Developers… Read more
Bela Flor Sells Avondale BTR Community for $430K/Unit
Bela Flor Communities sold a build-to-rent community it developed in Avondale in 2025 to LVP Partners Group for $30.1 million… Read more