A top in-migration and industrial market — semiconductors, logistics, and data centers drive demand while multifamily supply normalizes after a record delivery cycle.
The Phoenix commercial real estate market is characterized by a dynamic interplay of demand across various sectors, particularly in industrial and multifamily assets, driven by population growth and economic diversification. While investor sentiment remains cautiously optimistic, the lending environment reflects a more conservative approach, with a focus on underwriting quality and risk management. Allocators are increasingly discerning, seeking opportunities that align with long-term growth potential while navigating the complexities of market volatility and shifting tenant preferences.
Items added to the wire per week · last 12 weeks
Newmark arranged the $31 million sale of 3137 East Elwood Street, a 123,032-square-foot industrial building situated on approximately 9.8 acres in Phoenix’s Southbank Business Park, to Sierra Ridge Capital. The…
Mercedes-Benz of Scottsdale launches an online resource showcasing flexible financing terms and lease opportunities on full-size luxury SUVs. SCOTTSDALE, Ariz., Oct. 14, 2026 /PRNewswire/ -- Local drivers seeking prem…
Affiliates of Equus obtained $718.2 million in financing for the Project Pegasus Industrial Portfolio, a 52-property shallow bay industrial portfolio totaling 5.2 million square feet, positioned across infill submarke…
Braemar Hotels & Resorts has sold The Four Seasons Resort Scottsdale for $372 million. A newly created public company, Evergreen Acquisitions, was listed as the buyer. The Phoenix Business Journal reports that Braemar…
The Nox Group picked up a 128,000-square-foot industrial space and plans to turn it into its new headquarters. The Phoenix Business Journal reports that the company is growing fast and plans to spend $30 million on th…
Newmark arranged the $31 million sale of 3137 East Elwood Street, a 123,032-square-foot industrial building situated on approximately 9.8 acres in Phoenix’s Southbank Business Park, to Sierra Ridge Capital. The…
Mercedes-Benz of Scottsdale launches an online resource showcasing flexible financing terms and lease opportunities on full-size luxury SUVs. SCOTTSDALE, Ariz., Oct. 14, 2026 /PRNewswire/ -- Local drivers seeking prem…
Affiliates of Equus obtained $718.2 million in financing for the Project Pegasus Industrial Portfolio, a 52-property shallow bay industrial portfolio totaling 5.2 million square feet, positioned across infill submarke…
Braemar Hotels & Resorts has sold The Four Seasons Resort Scottsdale for $372 million. A newly created public company, Evergreen Acquisitions, was listed as the buyer. The Phoenix Business Journal reports that Braemar…
The Nox Group picked up a 128,000-square-foot industrial space and plans to turn it into its new headquarters. The Phoenix Business Journal reports that the company is growing fast and plans to spend $30 million on th…
PHOENIX — Cohen & Steers Income Opportunities REIT (CNSREIT) has acquired Grand Canyon Crossing, a 303,000-square-foot shopping center located in Phoenix. Walmart Supercenter anchors the property, which was 99 percent…
LKY Development Company was greenlit by a Casa Grande planning agency to develop a 954-acre data center campus at Montgomery Road and Maricopa-Casa Grande Highway. Casa Grande is between Phoenix and Tucson. AZBEX repo…
Once complete, Teravalis could deliver 130,000-plus homes and 60 million sq ft of commercial space west of Phoenix
AXS Opportunity Fund acquired One North Central, a 429,120-square-foot, 20-story Class A office tower located at 1 North Central Avenue in the heart of Downtown Phoenix. Newmark’s Chris Marchildon, Barry Gabel a…
Logistics Property Company (LogiPropCo) closed on a 76-acre site at the intersection of Interstate 10 and Perryville Road in Buckeye, Arizona. Sonoran Logistics Park will be LogiPropco’s third development in the…
A three-building, 98,500-square-foot medical office portfolio in the Phoenix Metro area sold for $12.8 million. The properties were sold by Evernorth Care Group (formerly operated as Cigna Medical Group). MCR Companie…
PHOENIX — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of The Astor at Osborn, a mid-rise multifamily property in Phoenix. The asset traded for $47.8 million, or $250,…
Goldman Sachs Asset Management has offloaded Grand Canyon Crossing, a 303,000 square foot Phoenix shopping center. Cohen & Steers Income Opportunities REIT Inc, along with the Sterling Organization , was the buyer. Co…
Värde Partners closed on a $65.5 million loan to refinance Village at Sonoran Vista, a newly delivered build-to-rent community in Phoenix, Arizona. The financing was provided to the Empire Group to support the lease-u…
The five-property portfolio supports Forms+Surfaces' architectural and site products businesses in Pittsburgh and Phoenix. CLEVELAND, Sept. 30, 2026 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL), a leading indepe…
PHOENIX — D.R. Horton has completed the disposition of Ascend at Black Canyon, an apartment community in Phoenix, to Millburn & Co. for $58.7 million, or $225,769 per unit. Steve Gebing and Cliff David of Institutiona…
Arizona developer Empire Group has sealed a $65.5 million loan to refinance a newly built single-family rental (SFR) community in Phoenix, Commercial Observer has learned. Värde Partners closed the three-year floating…
Company purchases approximately 378,000 SF on 27 acres adjacent to Newport News/Williamsburg International Airport NEWPORT NEWS, Va., Sept. 29, 2026 /PRNewswire/ -- An affiliate of Phoenix Investors ("Phoenix"), a nat…
Widewaters and Trammell Crow are seeking a permit for a 376-unit apartment complex development. The Phoenix Business Journal reports the 12-acre vacant parcel will be on a parking lot adjacent to the 25-acre Emerald C…
Institutional Property Advisors (IPA) brokered the sale of Ascend at Black Canyon, a 260-unit multifamily property in Phoenix, Arizona. The asset traded for $58.7 million, or $225,769 per unit. DR Horton was the selle…
GI Partners recently paid $14.7 million for land just south of Phoenix that it plans to develop a data center on. LKY was the seller of the 5.4-acre parcel. The Phoenix Business Journal report LKY paid $3.15 million f…
Target will replace a movie theatre as an anchor tenant at a W. Phoenix retail center. Another supersized store from the retail giant will open at Laveen Park Place. Harkins Theatres was originally slated to anchor th…
Guarantor Platform Helps Properties Approve Qualified Renters as Concessions Climb and Rents Fall PHOENIX, Sept. 21, 2026 /PRNewswire/ -- Cosign, a third-party guarantor platform and cosigner alternative designed to e…