Daily News 9-17-2026

The setting was Gainey Ranch Golf Club, but the conversation reached across the entire Valley. ORION Investment Real Estate recently welcomed Thomas Maynard, Executive Vice President of Business Development for the Greater Phoenix Economic Council, for an evening that brought together commercial real estate brokers, investors, developers, attorneys, title professionals and other industry leaders. Maynard’s presentation focused on employment, corporate investment, GPEC’s…»

This ties also into my previous update from attending the Phoenix’s Growth Story Has a Catch: Notes from the Columbia Bank Economic Outlook

The developers of X Phoenix have been notified their 330-unit downtown Phoenix apartment community is headed for a trustee sale after they failed to pay a $128 million loan on the project. New York-based Mack Real Estate Group, the lender on the project, have notified XSC Phoenix Investment LLC, the borrower and developer of the apartment community, that the property will be sold at auction at Maricopa County Superior Court on Dec. 10, according to Maricopa County…»

New RealPage data show that BTR deliveries are expected to fall sharply through mid-2029 even as construction remains concentrated in fast-growing Sun Belt markets. Build-to-rent development is still concentrated in the nation’s fastest-growing markets, but the current construction cycle appears to be nearing a turning point. Developers are expected to deliver 40,800 BTR units by the end of 2026, yet the pipeline is projected to contract sharply in the years that follow—potentially…»

A Florida-based developer is expanding its self-storage business into the Valley. Basis Industrial is planning to build a 102,673-square-foot self-storage project with 707 climate-controlled units in Surprise, at 17140 W. Waddell Road. It’s the firm’s first ever project in the Phoenix metro. Basis closed on a $20.5 million construction loan for the project provided by NexBank and NexPoint earlier this month and acquired the roughly 5.3-acre project site for $1,425,000 on September 2…»

Lincoln Property Company, a global, full-service real estate firm with over $31 billion of assets under management, and PGIM, the global investment management business of Prudential Financial Inc., today announced the acquisition of Surgery Center of Gilbert, located in metro Phoenix’s East Valley submarket. The purchase represents Lincoln and PGIM’s first acquisition together in metro Phoenix, with an eye toward securing more healthcare real estate in a market that is high priority…»