Daily News 9-30-2026

Scottsdale-based LKY Development is pursuing industrial zoning for approximately 5,157 acres near Tonopah, positioning a large portion of the Belmont master-plan area for employment uses west of Phoenix. The vacant site lies generally between 347th and 371st avenues, north of Indian School Road. Maricopa County supervisors approved a comprehensive-plan amendment for the property in December 2024, changing its planned land-use designation from the predominantly residential…»

The Phoenix industrial sector is strengthening as it continues to rank among the best cities within the asset class in the country, according to a market report from Colliers. For one, vacancy has declined for the fifth straight quarter. In the three months from June, it fell by 220 basis points year-over-year to 8.7 percent. The largest compression took place in the Northwest submarket, where the rate was cut in half to 8.1 percent. “Leasing activity…»

A Valley developer bought 130 acres near Taiwan Semiconductor Manufacturing Co.’s north Phoenix campus to build an auto mall. De Rito Partners, a developer headquartered in the Salt River Pima-Maricopa Indian Community near Scottsdale, paid $67.38 million for the land, according to real estate database Vizzda. The site is part of Halo Vista, a 2,400-acre master-planned community that surrounds the northern part of TSMC’s $265 billion campus on three sides near Loop 303 and..»

A $2 billion, 122-acre luxury master-planned community in Paradise Valley is nearing an inflection point nearly a year after project developers filed for Chapter 11 bankruptcy protection in November 2025. An entity connected to Scottsdale-based Five Star Development — the developer behind the long-delayed Ritz-Carlton, Paradise Valley, Palmeraie that is under construction near Lincoln Drive and Scottsdale Road — has submitted a reorganization plan in bankruptcy court that…»

Diversified Partners, a leading Scottsdale-based real estate brokerage and development firm, officially broke ground on The Lakefront at Scottsdale, marking the next phase of the approximately 100,000-square-foot mixed-use redevelopment that will transform the landmark waterfront property into a destination for dining, curated retail, Class A office space and gathering. The groundbreaking celebration brought together more than 213 attendees, project partners, tenants and…»