Mack Real Estate targets massive swath of state land next to Halo Vista
Another massive piece of state-owned land around TSMC’s campus in north Phoenix is being eyed by developers. Mack Real Estate Group has applied for a 1,473-acre parcel owned by the Arizona State Land Department that’s directly west of the company’s $7 billion Halo Vista master-planned mixed-use project — where it has already started moving dirt. The latest chunk of land Mack applied for is nestled right in between the 2,300-acre Halo Vista development and Peoria’s Innovation…»
Lincoln Breaks Ground on Phoenix Office-to-Industrial Project
Lincoln Property Co. has broken ground on Sky Harbor Logistics, a 256,000-square-foot office-to-industrial redevelopment that will bring a two-building, Class A logistics campus to an infill site in Tempe, Ariz. Completion is scheduled for spring 2027. The redevelopment brings the property full circle, because the site was developed for industrial use in 1977, then converted to office use in 2018, Lincoln Executive Vice President John Orsak explained in a prepared statement. Lincoln has been…»
Phoenix Office Developers Lean On Retail As An RTO Incentive
Developers are considering using ground-floor retail to give their new office developments a boost in metro Phoenix. When a new office is being developed, it is often packaged as part of a mixed-use property, according to developers speaking at Bisnow’s Phoenix Office Forum at the Hilton Scottsdale Resort & Villas on April 30. Retail can be an incentive to bring workers back to the office, said Nick Nudo, vice president at Lincoln Property Co. “Most leadership wants the staff in the office to…»
NAHB: Multifamily Sentiment Holds Steady, But Occupancy Softens
Multifamily developer confidence was mixed in the first quarter, according to the National Association of Home Builders’ (NAHB’s) Multifamily Market Survey. The Multifamily Production Index (MPI) had a reading of 44, unchanged year over year, while the Multifamily Occupancy Index (MOI), at 69, was down 13 points year over year. The MPI measures builder and developer sentiment about conditions in the apartment and condo market on a scale of 0 to 100. According to the NAHB, the…»
Time to buy? A look at the current Metro Phoenix housing market
Phoenix has long boasted of numerous lifestyle advantages that have drawn newcomers from around the country to the desert. Among these, the low cost associated with the Metro Phoenix housing market — especially compared to California — has been key to the Valley’s growth. But since the start of the decade, housing affordability has eroded, leaving buyers and sellers unsure if 2026 is the right time to make a consequential financial decision. The Arizona Association of…»