Second Mesa
Second Mesa, AZ · Real Estate
multihousingnews.com
Leon Capital Group Kicks Off Major Phoenix Project Near TSMC
First units are slated for delivery in 2027. Leon Capital Group has broken ground on Soltra Ironwood, a 343-unit luxury project in Phoenix. First apartments are slated to debut in 2027. Santander Bank issued a $63.8 million construction loan, Yardi Matrix data shows. Estating plans to invest in the development...
AZFamily
Pending home sales hit record low in September
PHOENIX (AZFamily) — Pending home sales fell 7.3% from August to September, reaching the lowest level recorded since the National Association of Realtors began tracking the index in 2001, according to the group. The data also shows year-over-year, pending home sales slid more than 11% nationwide in September. In...
azbigmedia.com
Phoenix ranks No. 16 for moving-related financial stress
Phoenix has been named the No. 16 U.S. city where moving places the most financial stress and pressure on renters. New analysis from debt relief program Freedom Debt Relief has found that moving into a one-bedroom rental in Phoenix requires more than a full month of the city’s median renter household income.
kjzz.org
Arizona's water shortages are big news, but realtors say headlines aren't hurting business
For all the headlines about Arizona’s shrinking water supply, some Phoenix-area realtors say it has not yet had a major impact on business. At a recent event that brought together real estate professionals with water, power and economic experts, home sellers said few of their clients seem concerned about future water availability, and projected optimism about the ability of local utilities to plan ahead for those challenges.
azbigmedia.com
Phoenix industrial market sees rents hit new high
Despite slowing absorption, the Valley’s industrial sector continues to attract tenants, fueled by advanced manufacturing, data centers and growing demand for smaller industrial spaces. Metro Phoenix’s industrial market is entering the final stretch of 2026 with rising rents, tightening large-building availability and a growing construction pipeline, signaling continued confidence...
multifamilybiz.com
Leon Capital Group Breaks Ground on 343-Unit Soltra Ironwood Luxury Multifamily Community in Arizona’s High Growth North Phoenix Market
PHOENIX, AZ - Leon Multifamily, a subsidiary of Leon Capital Group, a diversified holding company with operating subsidiaries in real estate, healthcare, and financial services, announced the start of construction on Soltra Ironwood, a 343-unit luxury multifamily community in North Phoenix, Arizona. Soltra Ironwood is Leon's latest addition to its growing portfolio of Class-A multifamily developments in the Phoenix metropolitan area, positioned to meet rising housing demand driven by the rapid expansion of the region's semiconductor and advanced manufacturing base.
realestatedaily-news.com
Citywide Commercial adds Joan Krueger as Senior Vice President
Top-producing broker and former Gilbert Vice Mayor brings broad expertise to boutique firm. Phoenix, Ariz. (Oct. 22, 2026) – Full-service real estate brokerage firm Citywide Commercial today announced the addition of Joan Krueger as Senior Vice President, bringing experience in commercial real estate, municipal leadership and business development to the company’s growing team.
arizonafoothillsmagazine.com
Biltmore Fashion Park Welcomes New Retailers
RED Development has signed new retail leases with Vuori and PAIGE at Biltmore Fashion Park, adding to the property’s growing momentum as renovations to its outdoor common spaces near completion. Vuori, the coastal California-inspired premium performance apparel brand, opened in a 3,952-square-foot space next to Citrine. PAIGE, an international...
resiclubanalytics.com
Inside giant homebuilder D.R. Horton’s bet on robotic homebuilding
Connect RealAI’s MCP server and give Claude access to +3.5 trillion real estate data points, including 126M+ property records, rental data covering 20M+ multifamily units, SuperCensus data on 187M+ adult Americans, and market intelligence from the national level down to the block. Then ask Claude to pull comps, compare...
azbex.com
Commercial Real Estate 10-20-26
1. JLL Capital Markets arranged $718.2M in financing for Project Pegasus Industrial Portfolio, a 52-property shallow-bay industrial portfolio totaling 5.2MSF across Phoenix-area infill submarkets. On behalf of the borrower, affiliates of Equus Capital Partners Ltd., JLL secured a five-year, floating-rate financing package comprising a $527.1M single-asset, single-borrower execution led by Morgan Stanley, with Bank of America as right lead, and a $191.1M balance-sheet component through Bank of America. The JLL team was led by Kevin MacKenzie, Jason Carlos and Frank Choumas.
hoodline.com
Dermody Plans 1.2M-SF El Mirage Warehouse Expansion Near TSMC
Dermody Properties plans to start construction on 1.2 million square feet of speculative industrial space in El Mirage, adding two buildings with 42-foot clear heights that will rank as the tallest speculative warehouses ever built in the Phoenix market. Buildings 3 and 4 at LogistiCenter at Copperwing are slated for delivery in the third quarter of 2027.
inbusinessphx.com
Taiwanese Investor Bets $10.56M on North Phoenix’s Semiconductor Boom
DAUM Commercial Real Estate Services, a provider of CRE services including brokerage, national tenant representation, consulting, leasing, sales, and property management, has directed the off-market sale of a freestanding industrial building totaling 43,338 square feet at 2520 E. Rose Garden Lane in Phoenix’s Deer Valley submarket for $10.56 million.
hoodline.com
Downtown Phoenix's 1922 Ellis Building Sells for $10.3M, Heads to Marriott Rebrand
A century-old office tower in downtown Phoenix has changed hands for $10.3 million, and its new owner wants to turn it into a Marriott hotel. The Ellis Building, a six-story structure at Second Avenue and Monroe Street, was sold by Equus Development Corp. to Aperture Hotels in a deal that closed on October 6. Aperture now plans to convert the long-vacant building into a Tribute Portfolio hotel, the Marriott brand known for independent, boutique-style properties housed in distinctive buildings.
hoodline.com
Tempe Breaks Ground On 233,000-SF Buttes Commerce Center Near Sky Harbor
Construction crews have broken ground on a two-building, 233,479-square-foot speculative industrial project at 1401 South 52nd Street in Tempe, on a 13-acre site. Developed for a private institutional real estate client, the project is called the Buttes Commerce Center, and its builders are betting on strong demand from companies needing modern warehouse space close to Phoenix Sky Harbor International Airport.