Today’s News 8-20-2025

A key chunk of land right next to a rapidly growing shopping corridor at the intersection of Interstate 10 and Verrado Way in Buckeye is going up for auction. Sunbelt Investment Holdings plans to bid in an upcoming auction for about 272 acres of vacant land — located just east of the key intersection — for a mixed-use commercial project, according to documents submitted to the Arizona…»

Just after Fairfield Residential broke the record for the biggest multifamily portfolio acquisition in Arizona, the San Diego-based investor bought another property for $115.8 million. In July, Fairfield paid $462.38 million to Sunroad Enterprises, making it the largest Arizona multifamily portfolio deal in the state’s history. Less than a month later, Fairfield turned around and plopped down…»

Senior living has long been a somewhat under-the-radar real estate play, with a somewhat unappealing reputation. But it’s on the edge of a boom — a baby boom, to be exact. More than 4 million boomers will hit 80 in the next five years, and occupancy at both active adult and assisted living communities is already rising fast. This comes as annual inventory growth in senior housing…»

The world’s largest golf management company is expanding into a recently revamped headquarters after signing one of the Phoenix area’s largest deals so far this year. Troon, which manages more than 900 golf properties worldwide, finalized a deal to nearly double its Scottsdale, Arizona, headquarters as tenants across the United States commit to larger blocks of space. The…»

RED Development announced that First Solar — the leading solar technology and manufacturing company in the U.S. — is relocating its offices from Tempe to The Grove, the landmark mixed-use destination at 44th Street and Camelback Road in Phoenix, with plans to open this fall. First Solar will occupy 18,725 square feet on the second floor of the Class-AA office building, joining…»