Dominium closed on a Goodyear site for Vivir at Ballpark Village, a planned 400‑unit affordable community backed by Freddie Mac and other lenders. The project uses LIHTC financing.

Phoenix City Council gave unanimous approval Thursday to Jerry Colangelo’s plan to turn his Biltmore office site into scaled-back luxury condos after neighbors raised height concerns.

A cash buyer paid $14.3M for a nearly 5‑acre Paradise Valley parcel, pushing the per‑acre price above $3 million and setting an early 2026 high in Arizona.

ASU and the McCain family broke ground on an 80,000‑sq‑ft McCain Library and Museum in Tempe to house the senator’s archives and the McCain Institute. Construction has now begun on the 22‑acre site.

Hadrian opened a $200M, roughly 290,000‑sq‑ft automated aerospace and defense factory in Mesa that will add more than 350 local jobs as the company scales after new funding.

City Winery signed a lease for a 30,000-square-foot venue at The Sydney near Loop 101, bringing a winery, restaurant and live-music venue to Scottsdale's 101 corridor.

Velocity Retail Group has opened leasing at SanTan Crossing, a 20–21 acre restaurant and retail site at Loop 202 and Williams Field Road in Gilbert. The project is being marketed to upscale restaurants and national retailers.

Crews are back at One Camelback as the new owner moves to finish the long‑stalled luxury conversion at Central and Camelback. Visible staging suggests work is underway.

KKR paid about $112.3M for two Class A senior-living communities in the East Valley, adding 285 stabilized units in Mesa and Gilbert to its portfolio.

A Georgetown study finds Phoenix’s new apartments largely serve higher earners, leaving low‑income renters with fewer options and rising rents.

Baron Properties paid roughly $23M for West 10 Business Center in southwest Phoenix and will market about 72K SF of industrial space for immediate occupancy.

Tempe approved a development overlay for a 16‑story, up‑to‑110 unit tower at 250 Rio beside Town Lake. The Hines project pivots earlier office plans toward for‑sale condos.

Amazon has leased space at CapRock West 202 Logistics, widening its Phoenix distribution footprint and reshaping the Loop 202 industrial corridor.