Merit Partners transformed a vacant Murphy Elementary campus in southwest Phoenix into Merit 27 Buckeye, an 18‑acre, two‑building industrial park that is fully leased. The project replaces a shuttered school with modern manufacturing and supply space.

TOCALO has leased a 32,045‑sq‑ft site in west Chandler for a semiconductor coating service; city officials say the project will create 33 local jobs.

Shorehaven, a 722‑unit, three‑tower waterfront project on Tempe Town Lake, has opened preleasing with the first tower available mid‑April and lease details now live. The development pairs high‑rise housing with retail and waterfront amenities.

Charleston-based Bond Street REIT paid $10.8M for The Shops at Civic Center in Gilbert. The purchase marks the REIT's first Arizona acquisition and signals investor interest in East Valley retail.

Target plans to return to the Promenade at Casa Grande, taking a large vacant box as new leases and a hotel reshape the center.

Rise48 paid $33.8M for a 194‑unit Mesa complex as investors hunt value amid a Phoenix multifamily price reset.

TerraCap Management paid about $82.16M for Tresa at Arrowhead, a 360-unit Glendale apartment community — the firm's first multifamily buy in Phoenix.

A newly built Paradise Valley estate at 6724 N. 62nd St. sold for about $16 million after a lightning‑fast market run, adding to a string of trophy sales. The 8,331‑sq‑ft home was marketed with a wellness retreat and Camelback views.

Canopy Real Estate Partners paid about $13.39M for a 36‑unit Mesa townhome community and rebranded it The Sonoran Townhomes. Local operator TBBG will run daily operations.

Transwestern bought the fully leased I‑10 Innovation Center in Tolleson for $94.13 million. The two‑building, 662,804‑sf park sits at I‑10 and Loop 101 and traded at about $142/ft².

A major Valley donation pushed ASU to speed up work on a new, air‑conditioned indoor practice facility that will include more than 100,000 sq ft of turf and a fan zone.

Lennar is pitching a garage‑free condo concept in Avondale with 800–1,200 sq ft units to add density on a West Valley parcel. The proposal heads to City Council in April.

As AI and cloud demand surges, Phoenix’s data‑center pipeline is reshaping how buildings are scoped, budgeted and powered. Builders say earlier procurement and prefab are key to meeting megawatt‑scale timelines.