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Real Estate & Development in ...
A $30M, 14,100‑sqft spec estate is planned for a rare flat Camelback‑view lot in Paradise Valley, with nine bedrooms and resort‑scale amenities on the marketing sheets.
Northpond Partners paid $13.35M for a 20,452‑sq‑ft Queen Creek strip mall on Ellsworth Road, an EOS Fitness‑anchored center with 11 tenant suites.
A Phoenix Business Journal ranking shows the 40 largest builders pulled nearly 17,000 permits in 2025, a sign that big firms carried most construction through a cooling market.
Mesa is mapping a district‑by‑district reinvestment plan that pairs redevelopment with home‑repair and affordable builds while promising to center longtime residents.
Mesa’s council signed off on The Den on Rio Salado, a two‑building lodging campus pairing seasonal player housing with a 103‑room Candlewood Suites near Sloan Park.
Caliber closed financing for a Steamboat Springs Hyatt Studios and is advancing a Riverwalk site in Scottsdale, with groundbreaks and approvals expected in 2026–2027.
Life Time will open two resort‑scale clubs in the Phoenix area next week, bringing rooftop pools, indoor pickleball courts, recovery suites and kids programming.
Creation closed on 38 acres in Avondale for a planned 700,000‑square‑foot industrial campus aimed at advanced manufacturing and R&D. The purchase adds campus‑scale inventory to the West Valley market.
GCU broke ground on a 51,000-square-foot expansion for the Ingram Honors College, adding classrooms, lounges and a two-story glass lobby. The Ingrams will help launch a mentor council for honors students.
ViaWest bought about 53 acres in Goodyear that Prologis had once planned to develop, reshuffling industrial land in the West Valley. The change raises new questions about zoning and timing.
Empire Group has rebranded its downtown megaproject as Arro, a twin‑tower plan that would add a 541‑ft tower, a 250‑key hotel and a penthouse restaurant to Phoenix.
Raffaele's Pizza, a family-run North Central Phoenix staple since the 1970s, says redevelopment plans could push it out after roughly 50 years. Neighbors are watching closely.
Verge, a 201‑unit build‑to‑rent community developed by 29th Street Living, celebrated its April 15 grand opening in Apache Junction with private yards, pet‑friendly features and early lease specials.
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