Land primed for retail near TSMC in Phoenix bought by East Coast firm
Taicoon Property Partners, a Washington D.C.-based real estate firm with ties to Taiwan, placed the winning bids in two Arizona State Land Department auctions for land in north Phoenix primed for retail and other uses. Phoenix Dove Valley LLC, an entity of Taicoon, placed bids on the parcels, which total about 368 acres near Interstate 17 and Dove Valley Road. The company’s CEO, Hai Chien Wang, represented Taicoon at the auction. The sites are on either side of Dove Valley…»
Final beam placed on Astria Tempe — second-tallest building in Tempe
Tempe has one of the most significant housing shortages in Arizona. Landlocked by suburbs on all sides, with a population up 3.5% since 2020, the 40-acre city has nowhere to go but up. Astria Tempe, the 27-story mixed-use development, will support the growing need by adding 380 multifamily units to the market—helping meet rising demand without pushing the city limits. This week, Layton Construction placed the final beam on what will become the second tallest building in…»
Phoenix East Valley Offers Multifamily Investors A Lesson In Reading Early‑Stage Rent Momentum
The worst may not be over for Phoenix apartment owners, but in one part of the metro, the bleeding has clearly slowed. On a recent episode of his Rent Roll podcast, rental housing economist Jay Parsons pointed to the East Valley as an example of early‑stage momentum in an oversupplied market. Rents are still down there, yet the rate of decline has eased enough to suggest the market is moving out of free‑fall and into something closer to controlled descent. Defining Momentum in Data…»
Phoenix apartment market improvement cracks top 10 nationally as vacancy drops, construction slows
The Phoenix metro’s apartment market has been recovering from oversaturation and it has become one of the nation’s most improved markets in that regard. CoStar found last month that Phoenix is among the top 10 most improved multifamily markets in the country, based on annual improvement from June 2025. While rents remain slightly lower, the Valley’s apartment occupancy has improved year-over-year, and CoStar reported that the city saw a decline in vacancy rates from…»
Mesa auto mall and retail center leases up with Walmart anchor; plus more deals
A roughly 165-acre auto mall and retail center in Mesa is now leasing space, with Walmart as one of its largest announced tenants. Destination at Gateway is a development along the new State Route 24 interchange off Signal Butte Road, near Mesa Gateway Airport. It includes a roughly 100-acre auto mall and a 65-acre retail center portion that’s being developed by Scottsdale-based Diversified Partners LLC on behalf of the Berge family. The prominent Berge family owns the land and…»