Arizona

Partnership Delivers 283-Unit Build-to-Rent Community in North Phoenix

by Amy Works April 24, 2026

PHOENIX — Mark-Taylor Residential, Scottsdale, Ariz.-based Sunbelt Holdings and Boston-based Rockpoint have developed The Hillburn, a build-to-rent multifamily community in North Phoenix. Located at 2550 W. North Foothills, the community is minutes from the Norterra shopping and dining district and near the Taiwan Semiconductor Manufacturing Co. facility. The Hillburn features 283 three-bedroom townhomes, ranging from 1,729 square feet to 2,291 square feet, and two-, three- and four-bedroom single-family detached homes, ranging from 1,323 square feet to 2,338 square feet. Each residence offers two-car garages with electric vehicle charging, covered patios, porches and private backyards. The floor plans feature expansive living areas, modern kitchens with oversized islands, spa-inspired bathrooms, smart-home technology and premium finishes throughout. Community amenities include a 6,200-square-foot clubhouse with a pool, fitness center, golf simulator and a complimentary coffee bar. Additional amenities include a dog walking path, park, children’s playground, pickleball court and basketball court.

April 24, 2026

Arizona Development Industrial Western

Partnership Breaks Ground on $25.3M Industrial Project in Chandler, Arizona

by Amy Works April 23, 2026

CHANDLER, ARIZ. — IndiCap and VAC Development have partnered with Mar-Gulf Management, the international real estate subsidiary of Kuwait Financial Centre K.P.S.C., and MDI Capital, the subsidiary of of Mar-Gulf, to break ground on Chandler Bay, a Class A, shallow-bay industrial project in Chandler. Located at 1820 E. Germann Road, the 110,481-square-foot facility will feature a clear height of 28 feet and column spacing of 50-foot by 56-foot and 60-foot by 56-foot. The multi-tenant property will offer 12 truck well dock doors, 15 grade-level drive-in doors and 5,000 amps power capacity. Additionally, the building will include an ESFR sprinkler system with electric pump, 120-foot to 145-foot truck court depths and parking for 221 vehicles. Tenant suites will be designed around 9,000-square-foot bay sizes with three speculative office suites ranging from approximately 1,700 square feet to 2,200 square feet delivered during shell construction. Each suite will include expandable 400-amp power service, LED warehouse lighting and fully air-conditioned warehouse space. Once completed in December 2026, Chandler Bay is expected to be the only shallow-bay industrial project in the area capable of accommodating tenants seeking approximately 17,000 square feet, according to the development team. The project team includes Berkeley Partners as senior lender, Deutsch …

April 23, 2026

Acquisitions Arizona Development Industrial Western

Creation to Develop 700,000 SF Industrial Campus in Avondale, Arizona

by Amy Works April 22, 2026

AVONDALE, ARIZ. — Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has closed on a 38-acre site in Avondale for the development of Avondale Tech Center, a Class A industrial campus. Construction is slated to begin this summer. LGE Design Build will serve as both architect and general contractor for the project. Riley Gilbert, John Lydon and Kelly Royle of JLL will handle leasing for the asset. Located at the northwest corner of 117th Avenue and Corporate Drive, Avondale Tech Center will consist of three buildings ranging from 212,184 square feet to 254,264 square feet. Each building is designed to accommodate the operational needs of modern industrial users, including advanced manufacturing, research and development and assembly operations. The buildings will feature 36-foot clear heights, seven-inch unreinforced slab floors, 60 mil white TPO roofing with R30 insulation and 3,000-amp, 480-volt three-phase power expandable to 6,000 amps. The properties will incorporate critical FM Global features, including a steel roof and an upgraded K-25 ESFR sprinkler system. The campus will also include four electric vehicle chargers with eight charging stalls per building and a fully gated secure site. Avondale Tech Center will offer tenant-focused outdoor amenities, including dedicated …

April 22, 2026

Acquisitions Arizona Office Western

Beacon Group Acquires 4,665 SF Office Space at Coronado Professional Plaza in Avondale, Arizona

by Amy Works April 10, 2026

AVONDALE, ARIZ. — Beacon Group has purchased 4,665 square feet of office space at Building E, Units 117 and 119 within Coronado Professional Plaza, located at 3400 N. Dysart Road in Avondale. Arizona Agribusiness & Equine Center sold the space for $2 million. Kameron Norwood of Cushman & Wakefield | PICOR represented the buyer, while Joel Moyes of Red Brick Realty represented the seller in the deal.

April 10, 2026

Arizona Development Industrial Western

Stevens-Leinweber Construction Delivers Merit 27 Buckeye Industrial Redevelopment in Phoenix

by Amy Works April 7, 2026

PHOENIX — On behalf of Merit Partners, Phoenix-based Stevens-Leinweber Construction (SLC) has completed the construction of Merit 27 Buckeye, an industrial infill redevelopment in Phoenix’s 27th Avenue Corridor. The development team transformed a former and vacant Murphy Elementary School District campus into a modern, two-building industrial property totaling 256,813 square feet. The property is situated on 18 acres at the southeast corner of 27th Avenue and Buckeye Road. Merit 27 Buckeye features a 191,227-square-foot Building A at 1515 S. 27th Ave. and a 65,586-square-foot Building B at 2675 W. Buckeye Road. The buildings offers 32- to 36-foot clear heights, 59 total dock-high and eight total drive-in doors, ESFR sprinklers and secure auto and truck parking. Energy-efficient features include LED lighting, R-38 and R-11 insulation, exterior canopies for heat mitigation and clerestory windows to increase natural interior light. Daikin fully occupies Building A, and Mazak, Reliable Garage Doors, Hajoca and Impilo Inc. occupy Building B. The project team included SLC as general contractor, and Butler Design Group served as architect. Jackie Orcutt, John Werstler, Cooper Fratt and Jonathan Teeter of CBRE are handling leasing for Merit 27 Buckeye.

April 7, 2026

Arizona Industrial Loans Western

Gantry Secures $18M in Financing for Gateway Quads Industrial Property in Mesa, Arizona

by Amy Works April 3, 2026

MESA, ARIZ. — Gantry has secured an $18 million permanent loan as construction takeout financing following the development and lease-up of Gateway Quads, an industrial park in Mesa. Located at 8150 E. Germann Road, the four-building, multi-tenant asset features 122,720 leasable square feet. The 30,680-square-foot buildings are each divisible to 7,600 square feet with 24-foot clear heights, truck well and grade-level loading, 1,200 amps of 480V and secured by 180-foot truck courts. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor. The 10-year, nonrecourse, fixed-rate loan was provided by one of Gantry’s correspondent insurance company lenders. The loan features partial-term interest-only payments transitioning to 30-year amortization. Gantry will service the loan for its correspondent.

April 3, 2026

Arizona Development Retail Western

Salt River Pima-Maricopa Indian Community, Mullin 306 Receive Approval for Costco Development in Scottsdale

by Amy Works March 30, 2026

SCOTTSDALE, ARIZ. — Salt River Pima-Maricopa Indian Community (SRPMIC) and Scottsdale-based Mullin 360 have received approval to develop a Costco at 4499 N. Pima Road in Scottsdale. The project will be the first-ever Costco store on tribal land in the United States. Spanning 21.5 acres, the project will include a 162,000-square-foot retail building and approximately 994 parking stalls. The store will include an expanded ready-to-eat section with a wide selection of grab-and-go meals, as well as a food court. A formal groundbreaking will be planned for June 2026.

March 30, 2026

Acquisitions Arizona Multifamily Western

EMZ Equity Group Sells 24-Unit Alvernon Apartments in Tucson

by Amy Works March 30, 2026

TUCSON, ARIZ. — EMZ Equity Group has completed the sale of Alvernon Apartments, a multifamily community in Tucson, to Alvernon Coyote LLC for $1.8 million. Located at 2053 and 2099 N. Alvernon Way, the 13,200-square-foot complex features 24 apartments. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented the seller and buyer in the deal.

March 30, 2026

Arizona Development Mixed-Use Top Stories Western

Mack Real Estate, McCourt Break Ground on $7B Halo Vista Mixed-Use Development in North Phoenix

by Taylor Williams March 30, 2026

PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has broken ground on Halo Vista, a $7 billion mixed-use development in North Phoenix that has been billed as a “city within a city.” Situated adjacent to the Taiwan Semiconductor Manufacturing Co. (TSMC) campus, the 2,300-acre master-planned project is designed to be a global hub for science, innovation and community. The initial phase of construction will focus on crucial horizontal infrastructure and site preparation, with work led by Phoenix-based Willmeng Construction. The master plan for the site includes nearly 30 million square feet of industrial, office, retail, residential and educational uses. Companies that have already committed to Halo Vista include Costco and Marriott, which plans to develop a five-story, dual-branded hotel under the Courtyard and Residence Inn brands. Those announcements came in October. In addition, DeRito Partners is planning an “auto mall” at Halo Vista that will feature approximately 10 dealership facilities. These developments are part of the first phase of commercial space that is planned along I-17 and Dove Valley Road and is designed to serve the thousands of workers and residents anticipated to join the Halo Vista community. “Northwest Phoenix has always had strong neighborhoods and a …

March 30, 2026

Arizona Loans Multifamily Western

BWE Secures $28.8M Refinancing for Multifamily Community in Tucson, Arizona

by Amy Works March 27, 2026

TUCSON, ARIZ. — BWE has arranged $28.8 million to refinance Cabana Bridges, a garden-style apartment property in Tucson. The financing was arranged on behalf of Greenlight Communities, a Scottsdale, Ariz.-based developer, and Holualoa Cos., a Tucson-based real estate investor and developer. Matt Terpstra and Charlie Williams of BWE’s Phoenix office originated the seven-year Freddie Mac loan, which features a flexible prepayment option and a favorable interest rate. Located at 1102 E. 36th St., Cabana Bridges features 288 studio, one- and two-bedroom apartments with stainless steel appliances, wood-style plank flooring, in-unit washers/dryers, controlled access entries, pre-installed Wi-Fi and workstation desks in studio and one-bedroom units. Community amenities include outdoor courtyards with citrus trees, barbecue and seating areas, a two-story clubhouse with a coworking lounge and coffee bar, covered parking, a 24/7 fitness center and a swimming pool with lounge seating. Cabana Bridges was built in 2023.

March 27, 2026

Newer Posts

Older Posts