Land primed for north Phoenix shopping center to be sold in June
Vestar, the Phoenix-based developer of Desert Ridge Marketplace, Tempe Marketplace and Verrado Marketplace, is eyeing about 370 acres in north Phoenix for mixed-use retail development. Vestar has applied to buy two sites, about 187 and 181 acres each, from the Arizona State Land Department. Both sites are along Interstate 17 near Dove Valley Road. The sites are contiguous, connected by a small strip of land along I-17. Auctions for both parcels are scheduled for…»
Michigan developer enters Phoenix market with $100M industrial plan
A Michigan-based developer has entered the Phoenix market with a new portfolio of properties in the Deer Valley area. Martin Commercial Properties plans to spend about $100 million to acquire and develop new small-bay industrial projects in the area and has already closed on three properties with two more planned, according to Cutler Martin, managing director of Martin Commercial Properties. In December the firm acquired about 6 acres of…»
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…»
What’s that new apartment-commercial complex going up in Scottsdale?
Location: 7000 E. Shea Blvd., on the northern block between 70th Street and 71st Place, in Scottsdale. Description: Construction of the large mixed-use development called Cosanti Commons is in full swing. High Street Residential, a commercial real estate developer, is leading the project that will include nearly 200 apartments in a three-story building and 79,200 square feet of commercial space. When complete, the roughly 9-acre complex will sit beside…»
Phoenix industrial real estate market gains strength in 2026
Phoenix’s industrial real estate market entered 2026 with strong momentum, fueled by innovation-driven economic growth, major semiconductor investment and steady demand from logistics and advanced manufacturing companies, according to a report from Kidder Mathews. While construction activity has slowed, leasing activity and absorption levels suggest the Valley’s industrial sector remains one of the most dynamic in the nation. During the…»