Luxury apartments add to fast-growing Phoenix city
Companies and Merit Partners recently wrapped a more than four-year journey to open Stately Avondale in Avondale, Arizona. Renters began moving into the 286-unit development at 12375 W. Van Buren St. in late March. The units are a mix of primarily one- and two-bedroom apartments and some three-bedroom rentals. The project is the first in Avondale for Ascent Companies, according to President Bradly Richardson, and is a testament…»
TSMC suppliers rush to buy Deer Valley land for industrial projects
The first phase of a massive industrial park project in Deer Valley sold fast, and now the developer is selling off remaining land to future users looking for space near TSMC. Mack Innovation Park, which is located off Interstate 17 and the Loop 101, currently includes over a million square-feet of industrial space. Mack Real Estate Group owns another roughly 80 acres of industrial land around the initial project. Most recently, Mack on March 24 sold about 28 acres of vacant land within…»
Downtown Phoenix sees fewer cranes, but development remains steady
There are fewer cranes in the Phoenix skyline these days as projects move into different phases. Rider Levett Bucknall released its latest North American crane count report, and the downtown Phoenix and surrounding area had only three cranes in the 2026 first quarter findings. Cranes included in the report are within a 6-mile radius from the intersection of Washington Street and Central Avenue. Last year, five cranes were reported in the same period, according to …»
Net Lease Investors Reassess Strategy as Volatility Reshapes CRE Landscape
As CRE investors navigate through the wild volatility existing in the industry currently, GlobeSt. is taking a look at the performances and fundamentals of a number of asset classes in net lease, from traditional to more secondary ones. A range of experts involved in many different net lease sectors joined our A View From the Top: Investment Opportunities panel at our Net Lease Spring 2026 event. Jimmy Goodman, partner…»
Prologis acquires Phoenix-area logistics center for $104 million
Industrial real estate investment trust Prologis has acquired Cotton 303 Logistics Center in Glendale, Arizona, from Heitman for $104 million, or approximately $114 per square foot. The distribution building at 6801 N. Cotton Lane totals 915,160 square feet and was built in 2022. The property is fully leased to Cubework, which has occupied the building since February 2023, according to CoStar data. The facility’s location along Loop 303 and Northern Parkway provides…»