Daily News 9-18-2026

Two national firms partnered to purchase a Phoenix ambulatory surgery center as they expand their national healthcare real estate investment platform. A joint venture between Lincoln Property Co. and PGIM acquired the Surgery Center of Gilbert at 6003 E. Baseline Road in Mesa for $10.68 million. The acquisition serves as the entry point into Phoenix’s healthcare real estate market for Lincoln and PGIM’s platform. It “puts a flag in the ground” and positions the partnership to expand…»

A retail project in Laveen will get a different anchor tenant than originally planned. Target is now on tap as an anchor at the next phase Laveen Park Place – a development underway off the Loop 202 Freeway and Baseline Road from Phoenix-based Kitchell Development. Harkins Theaters was originally slated to anchor the complex under a development plan the city approved years back. “Since the rezoning approval, market conditions have evolved and the previously…»

Commercial real estate rents are still higher than they were a year ago, but the latest national data suggest that the next phase of the market will be defined less by broad sector gains than by where and how recently, those gains occurred. CompStak’s September update of its Columbia CompStak Rent Index shows positive trailing-year growth in office, retail and industrial rents, yet the near-term direction is diverging: office growth has slowed, retail rents are declining at an…»

Mesa Mayor Mark Freeman couldn’t resist the urge to use a little wordplay when describing the impact of the roughly 233-acre Legacy Park and Gateway Crossing projects. “This will be a legacy project,” Freeman said at the Sept. 14 meeting. With the visitors to the Arizona Athletic Grounds and the rapid growth of the southeast Valley, the project will be a huge asset for the city, he said. The Mesa City Council voted unanimously to annex the 197 acres for the proposed southeast Mesa…»

The Widewaters Group and Trammell Crow Company are planning to build a 376-unit multifamily development at the SWC of Priest and Ruby drives, north of Warner Road in Tempe. The planned development is immediately north of an earlier project first reported by AZBEX and approved by Tempe City Council in 2022. The Emerald Multifamily building permits expired in 2024 after no action was taken by the previous developer. The project has been noted as “Canceled” in the…»