3,897-Acre State Trust Parcel South of Buckeye Heads to Auction for 350 MW Solar and Storage Project - ABC15 Arizona (July 28, 2026) Charlottesville, Virginia-based Apex Clean Energy applied to the Arizona State Land Department for a 30-year commercial lease on roughly 3,897 acres of state-owned land west of State Route 85, approximately 13 miles south of Interstate 10. The plan calls for a 350 MW utility-scale solar plant paired with battery energy storage. Utility-scale energy users are now competing directly with industrial and residential developers for large West Valley land positions, and they can underwrite long ground-lease terms that most merchant builders cannot.

ViaWest Group Acquires Ahwatukee Golf Club for $5.3 Million - AZBEX (July 28, 2026) ViaWest Group purchased the 18-hole public Ahwatukee Golf Club in Ahwatukee Foothills from Free Drop LLC for $5.3 million in an off-market transaction, the firm's first golf and recreation acquisition. Planned phased improvements include upgrades to the driving range, irrigation infrastructure and clubhouse, with the course remaining open during construction. Large contiguous recreational tracts inside built-out, affluent submarkets carry optionality that raw pricing does not capture, and irrigation modernization protects both operating cost and long-term water-use credibility with the municipality.

Maricopa County Weighs 11.45-Acre Commercial Rezone at Happy Valley Parkway in Peoria - AZBEX (July 24, 2026) The Maricopa County Planning and Zoning Commission considered a request to rezone an 11.45-acre county island parcel at the northeast corner of Happy Valley Parkway and 115th Avenue from Rural 43 to C-3 with a Conditional Use Planning District overlay. Aroundtown Developers is proposing a self-storage-anchored commercial project including vehicle storage, a convenience store and fuel, a car wash, office and a drive-thru restaurant. County staff recommended approval over opposition from eight nearby homeowners, a reminder that county islands surrounded by Peoria rooftops remain the path of least resistance for service commercial.

ADOT Auctions Surplus Vacant Land and Commercial Properties in Phoenix - Arizona Department of Transportation (auction held July 30, 2026) The Arizona Department of Transportation held an in-person public auction of vacant land and commercial properties from its right-of-way inventory at the ADOT Engineering Building in Phoenix. These dispositions recycle dormant public parcels into taxable private use and occasionally produce odd-shaped infill sites at basis levels the open market will not offer. Buyers should expect access, easement and remnant-geometry issues that require underwriting well before the bid date.

Wickenburg Golf Training Facility Sells to PGA Professional - AZ Big Media (July 29, 2026) The Range Boss, a golf instruction and training facility in Wickenburg, sold to a PGA professional who rebranded the operation as White Rose Golf and Training Center. New ownership is adding 24-hour member access, TrackMan bays, junior camps, custom fitting and expanded retail. The deal was structured as a combined business and real property acquisition, a format that is becoming more common as owner-operators buy their way into recreational real estate at basis levels institutions ignore.

Merrick on Camelback Build-to-Rent Community Lands $73.1 Million Bridge Loan - Bisnow (July 28, 2026) California-based Golden Horizon Enterprises secured a $73.1 million bridge loan from Lument, an Orix Corp. USA subsidiary, originated by Arcus Real Estate Capital, to finance its acquisition of Merrick on Camelback, formerly Bungalows on Camelback. The 334-unit gated build-to-rent community in Phoenix's West Valley submarket was purchased earlier in July for $112.5 million. Pricing above $335,000 per unit for horizontal rental product signals that institutional capital is now underwriting detached build-to-rent as a substitute for single-family portfolios rather than a premium apartment variant.

Southwest Rental Portfolio Including Three Arizona Communities Refinanced for $718.5 Million - Connect CRE (July 2026) Keller Investment Properties closed a $718.5 million CMBS refinancing across a 13-property Southwest portfolio that includes three Arizona rental communities alongside assets in Utah and Nevada. The two-year, floating-rate, interest-only loan from a Nomura affiliate applies roughly $696.3 million to retiring existing debt, with about $22.2 million to reserves and closing costs. A two-year floating structure on 2000s-vintage workforce product tells you sponsors are buying time rather than resetting basis, and the servicing structure reflects how much oversight bondholders now demand.

Tempe Demolishes Former Grocery Store to Clear Site for 400-Unit Dorsey Station - YourValley (July 2026) The City of Tempe began demolition of a former Food City at Dorsey Lane and Apache Boulevard to make way for Dorsey Station, a city-owned mixed-use project planned for more than 400 housing units including senior and below-market affordable units plus a 10,000-square-foot grocery component. Mayor Corey Woods stated the city bought the 4.2-acre site for $10.7 million in late 2021 specifically to prevent private construction of luxury market-rate apartments along the Apache corridor. Municipal land banking at this basis, followed by city-controlled development with permanent affordability covenants, is a materially different competitive dynamic for private developers pursuing transit-adjacent sites.

Market Report: Arizona Single-Family Rents Continue to Soften Through 2026 - AZ Big Media (July 30, 2026) Rentometer data on Arizona three-bedroom single-family rentals found that 75 percent of Arizona cities posted flat or declining asking rents year over year, one of the widest rent-softness spreads nationally, with a statewide median of $2,150. Metro Phoenix results were mixed to negative, with Phoenix at $2,200 (down 2.2 percent) and Glendale at $2,125 (down 1.2 percent), against modest gains in Mesa and Tempe. Increased apartment supply, concessions, build-to-rent deliveries and accidental landlords are all cited as holding rents in check, which argues for conservative rent growth assumptions on any horizontal rental underwriting.

Amkor and NVIDIA Announce $1.5 Billion Chip Packaging Partnership in Peoria - KJZZ (July 25, 2026) NVIDIA and Tempe-based Amkor Technology announced a $1.5 billion partnership to expand advanced semiconductor packaging and testing at Amkor's planned $2 billion facility in north Peoria. The agreement onshores packaging capacity that has historically sat offshore, extending the Valley's semiconductor footprint from wafer fabrication into back-end processing. Packaging and test operations pull a different and generally denser supplier set than fabs, which should sustain demand for high-power, mid-bay industrial product along the Loop 303 corridor.

Okland Construction Signs 85,241-SF Deer Valley Industrial Lease - Real Estate Daily News (July 27, 2026) Okland Construction signed a five-year lease for a newly built 85,241-square-foot industrial property at 2525 W. Corporate Drive within 17 North Corporate Center, the Ryan Companies-owned campus at I-17 and Pinnacle Peak roughly two miles from Loop 101. The transaction was disclosed at more than $6 million in aggregate value and supports Okland's expanding role in the TSMC construction ecosystem. More than half of the 355,498-square-foot campus is now leased, following Fox Factory's earlier 111,676-square-foot commitment, evidence that contractor and integrator demand is absorbing new Deer Valley product ahead of pro forma.

TSMC Supplier Marketech International Leases 151,500 SF in Deer Valley - AZBEX (July 28, 2026) Marketech International Corporation, a technology service provider and contractor supporting TSMC's Phoenix operations, finalized a lease for a 151,500-square-foot warehouse at 950 W. Rose Garden Lane in the Deer Valley submarket. The space will support semiconductor supply chain operations tied to the north Phoenix campus. Combined with the Okland commitment, Deer Valley absorbed more than 236,000 square feet of semiconductor-driven demand in a single week, tightening a submarket that had been carrying meaningful new delivery risk.

Ship Daddy Leases 79,420 SF at Surprise Railplex in Deal Brokered by Colliers - AZ Big Media (July 24, 2026) Omnichannel fulfillment provider Ship Daddy leased 79,420 square feet at Level Crossing 3, a 150,615-square-foot building at the Silver Creek and Hardy World Surprise Railplex on the Loop 303 corridor. The building offers 32-foot clear heights, ESFR, 3,000-amp service, dock-high and drive-in loading and potential yard space. Northwest submarket vacancy has compressed 800 basis points year over year to 8.1 percent, and with second-quarter average lease size near 64,000 square feet, this deal sits comfortably above the market's current absorption profile.

Airgate in Mesa Sells for $27.6 Million - AZBEX (July 28, 2026) EastGroup Properties acquired Airgate, a 142,700-square-foot industrial building at 7353 E. Ray Road in Mesa, from MIG Real Estate for $27.6 million. The property was fully leased to a third-party logistics provider at closing. Pricing near $193 per square foot for stabilized, single-tenant Southeast Valley product confirms that public REIT capital is still clearing at pre-rate-hike basis when the rent roll is credit and in place.

Six-Building Phoenix Industrial Portfolio Trades for $24 Million - AZBEX (July 28, 2026) An entity tracing to John Lee (B and L79 LLC) sold six Phoenix industrial buildings totaling 130,400 square feet near Interstate 10, 40th Street and Broadway Road to Karney Properties for $24 million. The portfolio is classic infill shallow-bay product serving contractors, distributors and service users. At $184.05 per square foot, small-bay infill is now trading within roughly five percent of institutional bulk product, which is a meaningful repricing of a formerly overlooked asset type.

Mesa Industrial Flex Building at 4220 E. McDowell Road Sells for $5.25 Million - Real Estate Daily News (July 30, 2026) A 20,544-square-foot industrial flex building on 2.37 acres at 4220 E. McDowell Road in Mesa sold for $5.25 million. Built in 2006, the property includes roughly 15,494 square feet of office, a 14-by-14 grade-level door, a secured yard and 18 covered parking spaces, and the seller is pursuing a 1031 exchange. The $255.55 per square foot execution shows how much premium office-heavy flex with secured yard commands over pure warehouse in the current market.

Nexus Commerce Center Delivers 273,000 SF of Class A Industrial in Tempe - AZ Big Media (July 29, 2026) Creation, in partnership with CrossHarbor Capital Partners and Amherst, completed Nexus Commerce Center, a three-building, 273,000-square-foot Class A industrial park at Elliot Road and Hardy Drive in Tempe's I-10 corridor. The 16-acre site previously held Elliot Corporate Center, roughly 200,000 square feet of vacant office. Buildings range from 88,773 to 103,288 square feet with 32-foot clear heights, targeting light manufacturing, assembly, research and development and fulfillment users, and the project is a working template for converting failed suburban office land to industrial.

105,800-SF El Mirage Warehouse Wins Planning Commission Recommendation - AZBEX (July 24, 2026) The El Mirage Planning and Zoning Commission voted 4 to 1 to recommend approval of a conditional use permit for IDM Companies to build a 105,800-square-foot warehouse on a vacant 9.42-acre parcel at 9105 N. El Mirage Road, north of Olive Avenue. The plan includes a 3.2-acre secured outdoor storage yard, roughly 5,000 square feet of office and 97 parking stalls, with no distribution use proposed. Entitled outdoor storage is the scarce commodity in this cycle, and a 3.2-acre secured yard inside a maturing municipality is difficult to replicate.

Glendale Reviews 1.1 Million-SF Cotton 303 Industrial Request - AZBEX (July 2026) Glendale planners are evaluating Cotton 303 Industrial, a 1.1 million-square-foot proposal from Iron Rock Development II LLC involving annexation and rezoning of agricultural land to a Planned Area Development. Design intent from Ware Malcomb calls for one or two mid-sized warehouse buildings covering roughly 60 percent of the site with extensive north and south-facing loading. Annexation-plus-PAD requests of this scale indicate developers still see a multi-year runway for Loop 303 bulk product despite elevated construction and debt costs.

Buckeye Reviews Sunrise Commerce Center and Old Dominion Cross-Dock Terminal - AZBEX (July 2026) The Buckeye Planning and Zoning Commission is reviewing multiple projects that together could add more than 650,000 square feet of development, led by Sunrise Commerce Center, a five-building light industrial and logistics park designed by Cawley Architects. Separately, Old Dominion Freight Line is pursuing a conditional use permit for its fifth Arizona facility, a 72-acre logistics and cross-dock terminal at the southwest corner of Yuma and Johnson roads. Small-bay logistics and LTL freight terminals moving into Buckeye simultaneously is a strong indicator that the far West Valley has reached the population density required to support last-mile and regional freight operations.

Costco Buys 155,100-SF Grand Avenue Building from Kimco Realty for $14.19 Million - AZBEX (July 28, 2026) Costco acquired a 155,100-square-foot building on 12.23 acres near Grand Avenue and Indian School Road in Phoenix from Kimco Realty for $14.19 million. The building traded at $91.49 per square foot, a figure that reflects the depreciated value of an older shell rather than the underlying dirt. The real story is a land basis of roughly $26.63 per land square foot for 12.23 commercially zoned acres on a high-traffic infill corridor, which is exactly the defensive position well-capitalized operators are buying while ground-up sites of this size no longer exist in the corridor.

Grand Village Center in Surprise Sells for $10.7 Million as Cadence Capital Enters Arizona - Real Estate Daily News (July 28, 2026) Greenwood Village, Colorado-based Cadence Capital Investments entered the Arizona market with two acquisitions, including the 52,685-square-foot Grand Village Center at the southeast corner of Reems Road and U.S. Route 60 in Surprise for $10.7 million. The seller was represented by Phoenix Commercial Advisors. At $203.10 per square foot for a West Valley multi-tenant center, out-of-state private capital is paying replacement-cost-adjacent pricing for stabilized suburban retail, which is consistent with a metro retail vacancy rate that has stayed below five percent.

Net-Leased Starbucks in Wickenburg Sells for $2.25 Million - AZBEX (July 28, 2026) The Starbucks at 515 E. Wickenburg Way in Wickenburg sold to 515 Wickenburg LLC for $2.25 million. Building size was not disclosed, so a price per square foot cannot be calculated from reported data. Single-tenant credit coffee in a tertiary Maricopa County market still clears above $2 million, which speaks to how much 1031 and private capital is competing for small net-leased product with drive-thru income.

Tempe Marketplace Adds Five National Retailers - AZ Big Media (July 29, 2026) Vestar announced five new leases at Tempe Marketplace: Carhartt has opened its first standalone Phoenix-metro store at 6,000 square feet, KUIU is opening its first Arizona location at 6,000 square feet, and Coach (4,500 square feet), Tommy Hilfiger (nearly 6,000 square feet) and Glo Tanning (3,000 square feet) are slated for late 2026. The mix pushes an already dominant power center further toward lifestyle and specialty apparel. Established, high-traffic open-air centers continue to capture first-to-market brand entries that would previously have gone to enclosed mall space.

Five North at Vistancia Selects Main Street Developer for 9.65-Acre Retail Corridor - AZ Big Media (July 29, 2026) Vistancia Development LLC contracted with Scottsdale-based Lyfe Companies to develop Phase I of the main-street retail and restaurant corridor on 9.65 acres within the 320-acre Five North at Vistancia district in Peoria. The site sits at Loop 303 and Lone Mountain Parkway, roughly 10 minutes from the TSMC campus, with IHP Capital Partners and Varde Partners owning Vistancia in joint venture. The commercial core inside Vistancia is now being programmed around semiconductor employment rather than purely residential rooftops.

Crunch Fitness to Open Five Phoenix-Area Locations - WhatNow Phoenix (July 29, 2026) Franchisee Southwest Fitness Holdings, a subsidiary of CR Fitness Holdings, plans five new Crunch Fitness clubs across the Valley, with four opening by the end of 2026 in Ahwatukee, Arcadia, Paradise Valley and Mesa, and a Peoria location in 2027. The clubs are part of a 20-club buildout representing roughly $100 million of investment targeted for completion by the end of 2027. Value-tier fitness remains one of the most reliable backfill users for second-generation big-box space, and a commitment of this scale gives landlords a credible alternative to soft-goods retail.

Cavender's to Open Gilbert Store in Former Big Lots Space - AZ Big Media (July 30, 2026) Texas-based western lifestyle retailer Cavender's Boot City confirmed plans to open at 2817 S. Market St. in Gilbert, taking former Big Lots space next to Ulta, with additional Valley stores targeted in Tempe and Goodyear by year end. Regional apparel chains continue to find their best economics in recycled junior-anchor boxes rather than new construction. For landlords holding vacant 15,000 to 25,000-square-foot boxes, this is the demand profile currently clearing.

Vertical Construction Begins on $20.1 Million Queen Creek Medical Office Condominium Project - AZ Big Media (July 29, 2026) A.T. Craft broke ground on The Collective on Ocotillo, a four-building, approximately 47,919-square-foot Class A medical office condominium development in Queen Creek near Banner Ironwood Medical Center, budgeted at $20.1 million. Buildings range from 9,612 to 17,967 square feet with suites available for lease or purchase from 2,500 square feet to full-building. Purchase and sale agreements are out on roughly 13,000 square feet with another 25,000 square feet in negotiation before foundations are poured, which is exceptional pre-commitment for a condominium format and reflects physician demand to fix occupancy cost rather than absorb future rent inflation.

Arizona Commerce Authority Relocating Headquarters to Bank of America Tower - Real Estate Daily News (July 27, 2026) The Arizona Commerce Authority is moving its headquarters to the Bank of America Tower at 201 E. Washington St. in downtown Phoenix, occupying more than 40,000 square feet across the 17th and 18th floors. The new space is roughly 5,000 square feet larger than its current 100 N. Seventh Avenue office, where the lease expired July 31. State agency expansion into Class A downtown space is a modest but real datapoint for a central business district that has depended on conversions rather than leasing for its recent vacancy improvement.

Market Report: Arizona Splits Nationally in 2026 Office Investing Rankings - AZ Big Media (July 29, 2026) LoopNet's national office investing scorecard placed Tucson first in the country on the strength of a top-three income-to-price ratio and $35.59 per square foot asking rents, while Scottsdale ranked 35th and Phoenix 36th. Scottsdale posted strong rents at $35.77 per square foot but was held back by sale pricing near $325 per square foot, and Phoenix was weighed down by $27.74 per square foot rents and a 42.7 percent Class C share. The Class C overhang is the operative number for the Phoenix ranking, and it will not improve through leasing alone.

Sacramento Industrial Developer Opens First Southwest Office in Scottsdale - Hoodline (July 29, 2026) Sacramento-based industrial acquisition and development firm LDK Ventures opened a permanent Scottsdale office, its first outside Northern California, to lead expansion across Arizona, Texas and Nevada. Walker Durant was appointed Regional Vice President for the Southwest Division. The firm cited tight Kierland and Airpark office fundamentals in choosing the location, and out-of-state developers establishing local offices generally precedes acquisition activity by two to four quarters.

Diversified Partners Advancing 23.88-Acre Mixed-Use Project at Ironwood and Ranch in San Tan Valley - Connect CRE (July 23, 2026) Scottsdale-based Diversified Partners is advancing a roughly 23.88-acre mixed-use development at the southeast corner of Ironwood Road and Ranch Road in San Tan Valley. The plan pairs approximately 25,000 square feet of inline retail with a 50,000-square-foot medical building under contract to OrthoArizona, plus multiple shop buildings, a hard-corner drive-thru pad, two additional pad sites and a ground-lease or build-to-suit opportunity. Pinal County's growth has finally pushed San Tan Valley past bedroom-community status, and anchoring with orthopedics rather than grocery is a bet on captive daytime healthcare demand within a trade area exceeding 115,000 residents inside five miles.

Toy Barn Files Plans for 205,000-SF Luxury Garage Condominium Flagship in North Scottsdale - Hoodline (July 27, 2026) Toy Barn filed plans for a 205,000-square-foot, six-building luxury garage condominium complex at Mack Innovation Park along Loop 101 and Bell Road at 9000 E. Bell Road, designed by DLR Group as the company's Valley flagship. The program offers deeded, customizable suites with 20-foot ceilings, climate control and clubhouse amenities aimed at collectors. The project still requires design review approval and joins several competing collector-garage concepts near WestWorld, a niche that has moved from experimental to genuinely competitive in north Scottsdale.

Phoenix Metro Leads the U.S. in 2026 Hotel Openings - CRE Market Beat (July 28, 2026) Lodging Econometrics' second-quarter 2026 U.S. Construction Pipeline Trend Report shows Phoenix Metro leading all major U.S. markets in hotel openings for 2026, with 26 projects and 3,615 rooms expected to deliver before year end. New York and Dallas each project 20 openings, ahead of the Inland Empire at 12 and Austin at 11. Near-term openings include 233 Suites Unscripted by Hyatt at The Grid in downtown Mesa with 76 extended-stay rooms, AC Hotel Scottsdale Old Town with 168 rooms, and the 236-room Denu Hotel and Spa at 1 E. Adams St. in Phoenix in mid-September.

Mesa Approves GPLET Deal for 150-Room AC Hotel by Marriott in Downtown Mesa - YourValley (July 2026) The Mesa City Council voted 7 to 0 on July 27 to approve a development agreement for a five-story, 85,000-square-foot AC Hotel by Marriott at the northeast corner of Main Street and Centennial Way, developed by OCAP Main St LLC with 150 rooms, at least 1,500 square feet of meeting space, an outdoor pool and a 2,000-square-foot public restaurant and lounge. The city authorized a Government Property Lease Excise Tax agreement providing an eight-year abatement valued at roughly $2.1 million, under which title conveys to the city and is leased back to the developer before reverting at term end. In exchange the city secures a 10 percent block of guest rooms for municipal events, rent-free meeting space access and Main Street streetscape improvements, with the site adjacent to the Center Street light rail station and 100 licensed spaces in the city's Hibbert garage.

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.