Housing Supply Slowdown Gives Multifamily Market Room To Stabilize
The U.S. apartment market is poised to make strides toward recovery this year as leasing remains robust, the multifamily pipeline stays tight and homebuilders are slow to develop single-family housing stock, according to first-quarter industry data. Renters are expected to absorb between 250,000 and 300,000 apartment units this year if demand remains stable, according to a Cushman & Wakefield report released this week. While the first-quarter absorption total of 65,200 units was…»
Waterfront luxury apartments are latest sign of Phoenix development boom
The first residents are set to move in at Shorehaven, a three-tower, mixed-use development that adds to recent apartment activity in Tempe, Arizona. The entire development spans 722 units across studio, one-, two- and three-bedroom apartments. First move-ins are scheduled for April 15 for the first of the three towers. That first phase represents 248 apartment units. Monthly base rents start at $1,650 and go up to north of $4,100. Silverstein Properties, the developer of…»
Deer Valley mixed-use project adds apartments, Aldi grocery store
A mixed-use project in Deer Valley from Sunbelt Investment Holdings is progressing into its next phase with new apartments and an Aldi grocery store in the works. Bell 17 Business Center is located off Interstate 17, along Bell Road and 19th Avenue, and right across from the Turf Paradise racetrack. San Diego-based Sunbelt acquired the roughly 90-acre site through an Arizona State Land Department auction back in 2018, paying $26,500,000. The first phase included building out…»
Suit aiming to halt Old Town Scottsdale development dismissed
A Maricopa County Superior Court judge dismissed a lawsuit aiming to halt construction of a $300 million Old Town Scottsdale development. The suit, filed by residents of the Gateway at Main St. Plaza Condominium Association against the city and developer ARC Scottsdale Holdings, sought to invalidate an agreement between the then-president of the association and the city and developer. The project, called Museum Square, is planned near Second Street and Goldwater Blvd. in…»
Vote for the best place to live in Arizona in 2026
Do you love the community in which you live? Now, you can help cast a spotlight on your amazing city or town. AZ Big Media is asking its readers to vote for the best place to live in Arizona. Results will be published in the July 2026 issue of Az Business magazine. Voting closes April 30, 2026. Identifying the best place to live in Arizona is crucial for ensuring a high quality of life, financial stability, and overall well-being. Arizona offers diverse living environments, from bustling urban…»