Mid-Tier Multifamily Quietly Takes the Lead
A once one-directional multifamily cycle has splintered into a market where mid-tier assets, overlooked regions and a handful of metros with very specific demand drivers are quietly reclaiming pricing power, even as luxury product still works through a historic wave of supply. For investors, the story going into 2026 is less about generic “stabilization” and more about the widening performance gap…»
Historic Pomeroy Building in downtown Mesa sold by family
Four sisters sold a historic building in downtown Mesa for $1.3 million after the property had been in their family for decades. The 10,600 square-foot Pomeroy Building — which features both retail and office space at 136 W. Main Street — was acquired Jan. 2 by Michael Starkle, who is affiliated with Side Alley Partners LLC, according to Tempe-based real estate database Vizzda LLC. Michel Fluhr…»
Walmart pays record $152 million for Luke Field building
Full-service commercial real estate firm Lincoln Property Company (Lincoln) and Goldman Sachs today announced the sale of the 1.27 million-square-foot “Building C” industrial building at Luke Field to a Fortune 500 company. Walmart is the buyer and the sale price of $152,161,730 marks the highest industrial sale in Arizona of 2025. The deal marks the largest Arizona industrial building sale of the year and is the first tenant commitment at Lincoln’s recently completed Luke…»
Chipmaker TSMC wins land auction to nearly double Phoenix real estate footprint
Taiwan Semiconductor Manufacturing Co. has snapped up another large swath of Arizona land to support its plans to invest more than $100 billion in the area as it builds additional chips to support the global artificial intelligence boom. The company acquired 902 acres of land through an Arizona State Land Department auction that took place Wednesday. TSMC was the sole bidder for the land and will pay…»
Tempe considers buying historic buildings on Mill Avenue; popular music venue to close
Original story: The city of Tempe may purchase two historic buildings on Mill Avenue. Those buildings include the Tempe National Bank at 526 S. Mill Ave. — built in 1912 — and the Tempe Hardware Building at 520 S. Mill Ave., which was constructed in 1898. Both are listed in the Tempe Historic Property Register and are home to a live music venue, retail shops and offices. Tempe City Council will consider a resolution during its Jan. 8 meeting that would authorize the purchase of the buildings, which sit side-by-side on historic Mill Avenue…»