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Cross Harbor Scores $78.5M Financing for Tempe Rental Community

CrossHarbor Capital Partners landed construction take-out financing in the amount of $78.5 million for The Alyssa, a 335-unit Class A multifamily community in Tempe, Arizona. Delivered in 2024, The Alyssa is a four-story community offering studio, one-, two-, and three-bedroom floor plans ranging from 504 to 1,658 square feet with an average unit size of 881 square feet. The property offers amenities including a swimming pool with fountain features and sundeck, outdoor lounge with fireplace and private dining spaces, Peloton-equipped fitness center with cardio and strength equipment, co-working lounge with coffee bar, 605-space controlled-access parking garage with EV charging stations, and a community pet wash station. The Alyssa achieved stabilization just 18 months after delivery.

Tempe, AZ · 2d
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inbusinessphx.com

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Data Center Growth Drives Electrical Contractor’s 94,000-SF Chandler Lease

Ryan Companies US, Inc. together with Principal Asset Management, announces it has secured major leasing commitments at Queens Crossing at Chandler Airpark, a Class-A industrial business park totaling 437,547 square feet across three buildings in Chandler, Arizona. Building A, encompassing 94,072 square feet, has been leased in its entirety to...

Chandler, AZ · 3d
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phoenixagentmagazine.com

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Phoenix among top metros for new apartment construction in 2026

The Phoenix metropolitan area will add 17,293 new apartment units this year. The only metros adding more units are New York and Dallas-Fort Worth, according to a new report from RentCafe. Specifically, a majority of those units — 6,013 — are located in Phoenix proper, making it the No. 7...

Phoenix, AZ · 3d
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hoodline.com

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Microchip CEO Lists Paradise Valley Mansion for $30M as Phoenix Millionaires Multiply

A Chandler-based tech executive and his wife have put their Paradise Valley mansion on the market for nearly $30 million, asking almost double what they paid for it less than a decade ago. The 15,290-square-foot estate sits on Mummy Mountain and belongs to Steve Sanghi, chief executive of Microchip Technology, and his wife Maria.

Paradise Valley, AZ · 4d
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hoodline.com

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Phoenix Office Tower at The Grove Lands $69M Refinancing Deal

A 185,536-square-foot office tower on Phoenix's Camelback Corridor has landed $69.3 million in refinancing, with JLL Capital Markets arranging the five-year, fixed-rate loan from PGIM on behalf of owner RED Development. The deal replaces financing the developer had obtained in 2023 from Western Alliance Bank, and the collateral stretches well beyond the office floors themselves.

Phoenix, AZ · 3d

iheart.com

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Atari Breaks Ground On First Gamer Hotel In Phoenix

Construction has officially begun on the first Atari Hotel in Phoenix's Roosevelt Row, nearly six years after the project was announced. The groundbreaking marks the start of a unique gaming-themed property that is expected to open in late 2028 or early 2029. The hotel will feature 91 high-tech guest rooms, creator studios, and an esports and concert venue with a capacity of over 2,000 people, according to Hospitality Net.

Phoenix, AZ · 3d

jewishaz.com

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Valley real estate market offers buyers more choices and negotiating power

The Phoenix-area real estate market is giving buyers more choices and greater negotiating power than in recent years, but that doesn’t mean homes aren’t selling. Instead, buyers are taking more time, and sellers are making concessions. Pricing and presentation are also playing an increasingly important role. Whereas home...

Phoenix, AZ · 3d

azbigmedia.com

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Vestar acquires Black Mountain Village retail development site

Vestar, one of the leading privately held shopping center owners, managers and developers in the western United States, announced today the acquisition of a 20-acre parcel of land from the Arizona State Land Department at the intersection of Black Mountain Parkway and Deer Valley Road in North Phoenix. The acquisition marks a significant milestone in the development of Black Mountain Village, a new grocery-anchored retail destination representing an investment of more than $50 million in the rapidly growing Desert Ridge community.

Phoenix, AZ · 2d

jewishaz.com

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Arizona commercial real estate market faces challenges amid growth in key sectors

Beth Jo Zeitzer, the founder and CEO of R.O.I. Properties, said that the Valley is experiencing the most challenging commercial real estate market in recent years, driven by higher-for-longer interest rates that have reduced overall transaction volume. R.O.I. Properties is a full-service real estate brokerage firm serving commercial and residential...

Arizona · 3d

ABC15 Arizona

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Glendale city program helps Section 8 renter become a first-time homeowner

A Glendale city program is helping Section 8 residents break the cycle of housing dependency through personalized coaching, budgeting support and down payment assistance.

Glendale, AZ · 5d

hoodline.com

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14-Story IKONIC Tower Brings 245 Luxury Units to Scottsdale-Phoenix Border

A 14-story luxury apartment tower is taking shape at the southwest corner of North Scottsdale Road and Bell Road, where the border between north Phoenix and Scottsdale runs along the Central Arizona Project canal. The project, called IKONIC Scottsdale, will bring 245 rental units along with a rooftop pool, a golf simulator, and a private event space to a stretch of the Loop 101 corridor that's drawing growing multifamily and mixed-use interest.

Scottsdale, AZ · 3d

connectcre.com

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Mixed-Use Project Planned for Morrison Ranch

Blueprints Capital has plans for a mixed-use development in Gilbert’s Morrison Ranch. It’s expected to include restaurants, retail and office space within the 3,000-acre master-planned community. The 16-acre project is called Lakeside Village. The 160,000-square-foot upscale development would include 14 buildings ranging in size from 858 square feet...

Gilbert, AZ · 5d

connectcre.com

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RED Inks Refi on Camelback Office Building

RED Development inked a $69.3 million refinancing for The Offices at The Grove, a 185,536-square-foot Class AA office building in Phoenix. JLL’s Debt Advisory team led by Kevin MacKenzie, Jason Carlos and Frank Choumas represented RED Development in placing the five-year, fixed-rate loan with PGIM’s real estate investment group. The financing collateral consisted of the office building, a restaurant in the building, two retail spaces and an underground parking facility.

Phoenix, AZ · 4d

familydestinationsguide.com

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10 Dirt-Cheap Arizona Towns Perfect For Living On Social Security

Searching for dirt-cheap towns in Arizona where living on Social Security actually feels comfortable and stress-free?. These 10 towns offer rock-bottom costs and all the warm Arizona living you could ever want!. 1. Coolidge. Coolidge is a small city in Pinal County sitting right in the middle of Arizona, and...

Arizona · 5d

hoodline.com

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Central Phoenix Neighborhood's Home Prices Jump 44% as Rest of Metro Stalls

A stretch of central Phoenix running through Midtown and Uptown just posted the single biggest home-price jump anywhere in metro Phoenix over the past year, with values climbing 44.2% even as the broader market barely inched forward. The gain stands out starkly against a metro area where price growth has mostly been stuck in neutral.

Phoenix, AZ · 6d

AZFamily

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Nonprofit celebrates opening of Phoenix affordable housing apartment units

Chicanos Por La Causa celebrated the ribbon-cutting of Revive 25 apartments in Phoenix.

Phoenix, AZ · 5d

chandlernews.com

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Infill housing plan upsets South Chandler residents

David De La Torre, Chandler’s acting planning administrator, summed up pretty much every dispute over new housing in South Chandler. The existing residents want new homes to look like their homes; developers and the city know that’s not possible because they are out of space for large projects.

Chandler, AZ · 6d

KTAR News

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$125M Atari Hotel in downtown Phoenix moves closer to reality as demolition begins

The long-discussed $125 million Atari Hotel⁠ in downtown Phoenix is getting closer to actually opening as construction is set to start on the project. An executive with Intersection Development, the group behind the Atari Hotel, said demolition has started on the existing buildings where the hotel and entertainment project will go at 840 N. Central Ave. in downtown Phoenix.

Phoenix, AZ · 6d

fox10phoenix.com

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Best US cities for veterans: Data reveals top places for jobs, housing and healthcare

Austin, Texas, ranked as the best U.S. city for veterans, followed by Madison, Wisconsin, and Scottsdale, Arizona, according to a new WalletHub study. The rankings evaluated 100 major U.S. cities across 19 measures, including employment opportunities, income, housing, quality of life and access to healthcare. More than 32,000 veterans are...

Scottsdale, AZ · 5d

azbex.com

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Industry Professionals 11-03-26

1. The Opus Foundation is investing $500K in the Pfister Housing Impact Fund to help expand access to affordable and workforce housing in Arizona. The program-related investment will provide catalytic capital to help advance housing developments for working families. 2. Achen-Gardner Construction sponsored and attended the 2026 Live Trench Safety...

Peoria, AZ · 4d