Daily News 7-10-2026

Demand is surely growing for industrial space near TSMC’s campus in north Phoenix, and developers have another infill project on tap at a site along Interstate 17. Phoenix-based Dimension Financial Realty and Investments is proposing a new three-building spec industrial park with a 62,268-square-foot building, a 152,899-square-foot building and a 237,735-square-foot building, according to planning documents submitted with the city of Phoenix. The more than 40-acre project…»

Nitya Capital, a Texas-based multifamily operator, has acquired Tides on McDowell, a 274-unit apartment complex in Phoenix, from Tides Equities for $41 million, or $149,635 per unit. As part of the transaction, Nitya Capital assumed $36 million in existing financing from the current lender. The property at 4620 W. McDowell Road was 90.1% occupied at the time of sale, according to CoStar data. Built in 1985 and renovated in 2018, the property spans 27 buildings with studio, one- and…»

Majestic Realty Co., the nation’s largest privately-held industrial real estate development company, and the Salt River Pima-Maricopa Indian Community (SRPMIC) today announced a historic partnership and 99-year ground lease agreement that will serve as the foundation of a new, best-in-class light industrial project serving the Community and the greater Phoenix metro area. Located at the northeast corner of North Pima Road and East McDonald Drive and with easy…»

After Cypress West Partners abandoned its plans for a 233.5KSF medical office-centric mixed-use development called The Interchange on 15.33 acres at the SWC of Interstate 17 and Rose Garden Lane, The Garrett Companies is now planning a 336-unit multifamily community on the site. The Deer Valley Village Planning Committee was scheduled to hear Rose Garden Multifamily’s associated rezoning request July 6, after this issue went to press. Garrett Companies is requesting rezoning…»

De Babel, a Scottsdale Middle Eastern restaurant, is opening its second location just four miles south of its original store along the Loop 101. De Babel has signed a lease at The Edge, a retail development on Salt River Pima-Maricopa Indian Community Land near 90th Street and the 101. The center is being developed by Palmer Development Group, and it is across the street from its sister development – Palmer’s The Sydney. De Babel debuted in Scottsdale five years ago, and even…»