Scannell Properties Acquires 130-Acre Buckeye Parcel for $32.5 Million - CoStar (July 16, 2026)
Indiana-based Scannell Properties purchased a nearly 130-acre land parcel in Buckeye from a seller group for approximately $32.5 million. The site is positioned for industrial development in the Southwest Valley, the metro's most active absorption submarket.

Mountainside Fitness Buys Commercial Pad at Five North at Vistancia in Peoria - Real Estate Daily News (July 23, 2026)
Mountainside Fitness acquired a 4.1-acre commercial pad and took the first position in Five North at Vistancia, the commercial core of Peoria's 7,100-acre Vistancia master plan. The regional operator serves more than 150,000 members and the site will become its 25th metropolitan location, establishing a daily-needs anchor that de-risks surrounding pads for food, beverage and service retail.

Coronado National Forest Acquires 694 Acres Near Oracle for $2.08 Million - Real Estate Daily News (July 2026)
The U.S. Forest Service acquired 693.77 acres in the northern Santa Catalina Mountains near Oracle in Pinal County, in a transaction facilitated by the Trust for Public Land and funded through the Land and Water Conservation Fund. Conservation takedowns of this type set the hard edge of future suburban expansion in Pinal County and support the watershed protection underpinning Assured Water Supply designations.

San Tan Valley Holds First Annexation Hearing for Gantzel Road Commercial Corner - Pinal Post (July 17, 2026)
The newly incorporated Town of San Tan Valley held its first annexation public hearing for a vacant 3.33-acre corner at Gantzel Road and Lone Star Lane, currently zoned Suburban Ranch. Lone Star Partners LLC is seeking concurrent C-2 commercial zoning, with retail, restaurant and possible medical office uses described.

Residences Kierland Sells for $142.5 Million in Scottsdale - Commercial Real Estate Direct (July 16, 2026)
MacNaughton paid $142.5 million for the 290-unit Residences Kierland, buying the six-story 2022-vintage asset from Quarterra Multifamily. The pricing is the clearest evidence this cycle that core capital will still underwrite peak basis for irreplaceable Scottsdale locations adjacent to Kierland Commons and Scottsdale Quarter.

Ascend at Longbow Highpoint in Mesa Trades for $95.25 Million - Commercial Real Estate Direct (July 16, 2026)
Salt Lake City-based Millburn & Co. paid $95.25 million for the 339-unit Ascend at Longbow Highpoint at 2950 N. Recker Road in Mesa, acquiring the 2025-built community from homebuilder D.R. Horton. The buyer placed a $61.55 million Fannie Mae mortgage on the asset, a roughly 65 percent loan-to-value execution that signals agency debt is again clearing at scale in the East Valley.

Everly at Morrison Ranch in Gilbert Lands $51.8 Million Refinancing - Connect CRE (July 21, 2026)
PCCP provided a $51.8 million senior loan to Phoenix Capital Management and P.B. Bell to refinance Everly at Morrison Ranch, a 236-unit Class A garden community at 4353 E. Elliot Road. The 2025-delivered property reached 97 percent occupancy in its first year, and the sponsors elected to recapitalize rather than sell, replacing construction debt with stabilized senior financing.

Atmosphere Tempe Student Housing High-Rise Refinanced - Multi-Housing News (July 20, 2026)
Trinitas Ventures and Harrison Street Asset Management secured a floating-rate bridge loan through PGIM to refinance Atmosphere Tempe, a 530-bed, 252-unit tower at 707 S. Forest Avenue. The 20-story, 2021-delivered property sits within walking distance of Arizona State University and includes nearly 5,000 square feet of ground-floor retail. The loan amount was not disclosed.

Crescent Communities Closes Land and Starts 248-Unit Novel Norterra - Connect CRE (July 21, 2026)
Crescent Communities closed on an 8.5-acre site for $11.69 million within the 600-acre Norterra master plan near Interstate 17 and Jomax Road, roughly five miles from the TSMC campus. The four-story, 248-unit community broke ground immediately with first move-ins targeted for spring 2028, and amenities include a clubhouse, pool and spa, shaded pickleball court and dog park.

Market Report: 2026 Mid-Year Review Shows Vacancy Improving in Every Sector - Real Estate Daily News (July 20, 2026)
A mid-year analysis built on CoStar data found year-over-year vacancy improvement across multifamily, industrial, office and retail. Multifamily demand reached record levels as trailing twelve-month absorption of 21,491 units outpaced 20,429 units delivered, compressing vacancy from 12.3 percent to 11.5 percent. Industrial deliveries fell 53 percent to 14.8 million square feet while absorption accelerated to 22.7 million square feet.

TSMC Commits Another $100 Billion to Arizona Chipmaking - CoStar (July 16, 2026)
TSMC announced an additional $100 billion U.S. investment likely to fund up to four more Arizona fabrication plants at 2 nanometer and below, on top of the existing $165 billion program. Total Arizona commitment now stands at roughly $265 billion across 10 fabs, two advanced packaging facilities and an R&D center. The expansion effectively guarantees structural demand for high-power, specification-heavy industrial space across the north and west Valley for the next decade.

Salt River Pima-Maricopa Indian Community Signs 99-Year Ground Lease for 1 Million-SF Industrial Park - Connect CRE (July 16, 2026)
Majestic Realty Co. and the Salt River Pima-Maricopa Indian Community agreed to a 99-year ground lease supporting a light industrial park of up to eight Class A buildings totaling just under 1 million square feet. The 59-acre site sits at the northeast corner of Pima Road and McDonald Drive between Talking Stick Resort and Scottsdale Community College, delivering infill land and Loop 101 access that no longer exists in neighboring Scottsdale. Groundbreaking is anticipated in 2027.

Construction Begins on 1.1 Million-SF GO|99 North in Tolleson - AZ Big Media (July 22, 2026)
Willmeng Construction started work on GO|99 North, a 1.1 million-square-foot Class A speculative warehouse for GO Industrial on 75 acres in the Estrella Park neighborhood, roughly three minutes from Interstate 10. It is the developer's second project on the 99th Avenue corridor, following GO|99 South, which sold in 2023 for $165 million.

Avondale Tech Center Breaks Ground as 700,000-SF Advanced Manufacturing Campus - The Arizona Republic (July 23, 2026)
Creation began construction on Avondale Tech Center, a three-building, 700,000-square-foot campus at Avondale Boulevard and Corporate Street aimed at pharmaceutical, aerospace, semiconductor and defense users. The developer acquired the land for $18 million in January 2025 and secured a business-park rezone in December 2025.

Taiwan Semiconductor Supplier Buys Surprise Warehouse for $20.4 Million - CoStar (July 21, 2026)
Taiwan-based Uangyih Industrial Co. paid $20.4 million for a 107,400-square-foot industrial building at 13280 W. Rioglass Solar Road in the Loop 303 corridor. The purchase is an owner-user commitment by a TSMC supplier and reflects the foreign direct investment now following the fab campus into West Valley industrial product.

The Base Industrial Campus in Glendale Secures $122 Million Financing - AZ Big Media (July 17, 2026)
Partners Group and ViaWest Group secured $122 million in bridge financing from Pacific Life Insurance Company for The Base, a newly constructed seven-building campus totaling 1,182,865 square feet at Litchfield Road and Bethany Home Road. Heavy power and proximity to Luke Air Force Base position the campus for defense, aerospace and advanced manufacturing tenants.

Cica-Huntek Chemical Technology Opens $8 Million Phoenix Facility - AZ Big Media (July 21, 2026)
Taiwan-based Cica-Huntek invested approximately $8 million to purchase and open a 25,880-square-foot high-specification manufacturing and office plant serving the North American semiconductor market. The building includes warehousing and planned cleanrooms for local assembly.

Formation Park 10 Phase II Breaks Ground in Goodyear - REBusinessOnline (July 2026)
A joint venture between Formation Interests and an affiliate of Crescent Real Estate broke ground on a three-building, 261,168-square-foot second phase at Formation Park 10. At completion in spring 2027 the 44-acre park will total nearly 689,000 square feet across five buildings, with suites sized from 15,000 to 100,000 square feet to serve the mid-market users that mega-box product cannot accommodate.

Pinal County Postpones 215-Acre Project Midway Data Center Rezoning - Pinal Post (July 20, 2026)
The Pinal County Planning and Zoning Commission postponed the Project Midway rezoning and a companion case on July 16, delaying a proposed 215-acre, five-building data center southwest of Casa Grande along Interstate 8. The application sought a change from General Rural to Industrial I-3 with a planned area development overlay, and contemplated on-site generation using natural gas engines or fuel cells. Power siting and community opposition are becoming the binding constraint on Pinal County's data center pipeline.

Chandler Marketplace Sells for $5.75 Million - AZBEX (July 21, 2026)
Southwest Investments, LLC purchased Chandler Marketplace, a multi-tenant retail property at the northwest corner of Chandler Boulevard and Kyrene Road, for $5.75 million in a 1031 exchange. Building size was not disclosed, so a price per square foot cannot be calculated from the reported data.

Sprouts Farmers Market Signs 15-Year Lease at Deer Valley Towne Center - AZBEX (July 21, 2026)
Sprouts Farmers Market committed to approximately 24,000 square feet in the former Michaels space at 2829 Agua Fria Freeway, backfilling a soft-goods box with a daily-needs grocer. Landlord Sterling Organization expects the store to open in 2027, extending the pattern of grocery users absorbing second-generation big-box space.

The Nox Entertainment Venue Reveals Opening Date in Southeast Mesa - Connect CRE (July 22, 2026)
The Nox, a 70,000-square-foot live music and entertainment venue near Ray and Power roads, announced its opening date and will operate year-round for concerts, comedy, festivals, dinner theater and corporate events. Capacity runs up to 2,000 people, adding an experiential anchor to a Southeast Valley trade area that has grown residentially far faster than its entertainment inventory.

Black Rock Coffee Bar Opens Glendale Drive-Thru Location - GlobeNewswire (July 16, 2026)
Black Rock Coffee Bar opened a new Glendale store at 5937 N. 91st Ave. on July 20, targeting the traffic patterns generated by the Westgate Entertainment District and State Farm Stadium corridor. Drive-thru capable pads in high-visibility locations continue to command premium triple-net rents across the Valley.

Market Report: Phoenix Retail Q2 2026 - Matthews (July 21, 2026)
Phoenix retail remained among the nation's tightest markets, with vacancy at 4.7 percent and roughly 941,000 square feet of net absorption in the quarter. Grocery-anchored and suburban-corridor centers led performance, and a decade of limited speculative construction continues to hand pricing power to landlords.

Arrowhead Executive Center in Glendale Sells for $25.25 Million - YourValley (July 22, 2026)
An entity operating as 17235 Piedmont LLC acquired the 101,397-square-foot office and medical campus at 17235 N. 75th Ave., directly across from Arrowhead Towne Center. The asset was 94 percent leased at closing with a mix of medical and traditional office tenants, but the underlying value is the 12-plus acres of infill land at Loop 101 and Bell Road. The land basis of roughly $48 per square foot gives the buyer long-term optionality for higher-density redevelopment as leases roll.

Boutique Scottsdale Airpark Office Building Trades for $4.7 Million - Real Estate Daily News (July 17, 2026)
A Midwest-based firm establishing a permanent Phoenix base purchased the 13,531-square-foot two-story building at 7020 E. Acoma Drive from Kraken Holdings LLC. The deal closed at 95.2 percent of asking price after going under contract in 21 days and included a furniture, fixtures and equipment package. The Northeast Valley continues to post the lowest office vacancy in the metro as owner-users compete for premium micro-locations.

Lucid Private Offices Leases 20,000 SF on North Scottsdale Road - AZBEX (July 21, 2026)
Lucid Private Offices signed for 20,000 square feet at 4800 N. Scottsdale Road, with landlord Principal Asset Management. Flexible-workspace operators continue to expand into quality suburban product where traditional full-floor demand remains uneven.

Market Report: Phoenix Office Vacancy Declines for Third Consecutive Quarter - Bisnow (July 22, 2026)
Newmark data showed second-quarter office vacancy falling to 23.4 percent from 25.4 percent a year earlier on 167,000 square feet of positive absorption, driven largely by conversions rather than a leasing surge. No office broke ground in the quarter, and since 2024 some 3.3 million square feet has been converted or demolished, more than the prior decade combined, with over 4 million additional square feet proposed. Recent redevelopment plays include the purchase of Lakefront at Scottsdale and the acquisition of the vacant Scottsdale Perimeter building for auto storage.

Market Report: Phoenix Medical Office Poised for a Boom - Investing In CRE (July 16, 2026)
Greater Phoenix medical office posted 6.1 percent year-over-year rent growth at mid-year, with first-quarter vacancy falling to 12.6 percent and a record development pipeline exceeding 353,000 square feet. National medical office cap rates dipped below 7.0 percent for the first time since 2024 as investment volume rose sharply, confirming that clinical product remains the one office subtype immune to remote work.

The Switchyard Breaks Ground as $120 Million Queen Creek Mixed-Use Project - Shopping Center Business (July 2026)
Creation and Horizon Real Estate Ltd. broke ground on The Switchyard, a 10-acre, $120 million project that will be Queen Creek's first walkable mixed-use development. The program pairs 54,000 square feet of restaurant, retail and office space with a 215-unit apartment community, and committed tenants include Postino, Snooze and Shake Shack. First deliveries are slated for phased opening beginning in mid-2026.

Wonderview at Highland Receives Infrastructure Site Plan Approval in Uptown Phoenix - AZBEX (July 21, 2026)
Venue Projects received initial infrastructure site plan approval for the roughly 2.6-acre former RV park at the southwest corner of Highland Avenue and 14th Place, restarting a project idle for two years. The PUD-zoned site is planned in three phases across two multifamily parcels and one office and commercial parcel, with the most recent concept calling for about 34 residential units plus a small food and beverage component. The property remained listed for sale at $3.95 million as of July 20.

Phoenix Advances Land Use Policy to Kickstart Salt River Corridor Development - Connect CRE (July 20, 2026)
The city of Phoenix is firming up land use policies and identifying target sites within a roughly 4,000-acre corridor along the Salt River, an area currently dominated by service yards, sand and gravel operations and vacant desert. The city owns only one of the target sites, a 30-acre parcel at the southeast corner of Central Avenue and Park Drive near a light rail station and future pedestrian bridge, where a mixed-use campus with businesses and a community building is envisioned.

As Phoenix land brokers and Arizona land brokers, we connect with landowners and developers across the Phoenix Metro every day. Whether you are recalibrating land basis in the far West Valley or Pinal County, buying or selling commercial land, underwriting a stabilized multifamily or power-heavy industrial acquisition, or working through entitlement, power, and water questions on a master-planned or mixed-use site, our Colliers Phoenix land brokerage team is available for confidential conversations about how the activity in this brief may affect your business and your pipeline. If you are looking for an experienced Phoenix land broker or Arizona land broker who knows Maricopa County and Pinal County dirt, reach out to start the conversation.