99 Ranch to anchor metro Phoenix city’s 1st Asian shopping plaza
Construction has begun on what will become the northwest Valley’s first major Asian shopping center, complete with a 99 Ranch Market, a Taiwanese dumpling restaurant and a Vietnamese cafe. Called The Mosaic, the center will occupy a former Sears building at Arrowhead Towne Center in Glendale. 99 Ranch Market will be located on the first floor, according to planning documents. A rendering of the upper level shows clusters of restaurants, boba shops and businesses separated…»
California developer eyes Cooley Station for another $300M project
On the heels of building a 408-unit apartment community at Cooley Station in Gilbert, a California developer is working its way through planning and zoning for another $300 million project next door.Frankel Family Trust, which developed Crossing at Cooley Station in 2022, now plans to build the 568-unit Trax at Cooley Station on a 20-acre parcel west of the southwest corner of Recker and Williams Field roads.”We are officially going through the town process to get..»
Lennar teams with commercial developer on state land buy in Peoria
Lennar Corp. has received a unanimous recommendation this month from Peoria’s Planning and Zoning Commission for its request to rezone 24.2 acres it won in a 2025 state land auction. The Miami-based homebuilder was the winning bidder for the prime acreage in the fast-growing West Valley city, where two other commercial developers were outbid in the Arizona State Land Department Auction held last April. Lennar (NYSE: LEN) plans to build 105 homes on…»
The Big Five Markets That Power Fannie and Freddie’s Multifamily Boom
The multifamily market is set for another year of robust activity as Freddie Mac and Fannie Mae prepare to deploy significantly larger lending volumes. The Federal Housing Finance Agency raised each government-sponsored enterprise’s 2026 loan purchase cap to $88 billion, a 20.5% increase from the $73 billion limit in 2025. But much of that financing will again be concentrated in a handful of major metro areas that underpin the GSE market. According to Trepp’s Thomas Taylor, the New…»
Tempe experiences massive surge in renter interest
With the rental season approaching fast, which cities are drawing the most interest from renters? We mapped out the most sought-after U.S. cities, based on millions of apartment searches on RentCafe.com. Out of the nine Arizona markets analyzed, only Phoenix and Gilbert saw a dip in rankings. In contrast, Tempe experienced a massive surge in renter interest, signaling a clear shift in preference toward smaller locations. Overall, Arizona is seeing a statewide lift..»