Executive Summary

  • Land near the semiconductor corridor is repricing upward, fast. An East Coast investor won a North Phoenix state land auction adjacent to TSMC for roughly $88M (about $239,130 per acre), while two Arizona Farms corridor land trades in Pinal County closed for a combined $7.4M and the San Manuel copper property consolidation advanced. Power, water, and proximity to advanced manufacturing are now the pricing drivers.

  • Multifamily stayed liquid despite supply pressure. The week produced the largest single-asset build-to-rent sale in metro history (Bungalows at Camelback, $112.5M, about $336,826 per unit), a $21.7M North Phoenix value-add acquisition, and a $4.75M Biltmore infill trade, alongside fresh pipeline activity in Deer Valley and a Tempe student-housing tower topping out.

  • Industrial and power infrastructure remain the core thesis. An 85,241 SF North Phoenix lease, a 59-acre Salt River 99-year ground lease planned for nearly 1M SF, Taiwan's clearance of TSMC's $20B Arizona capital injection, and Pinal County's approval of a 400 MW battery storage project all reinforce the semiconductor, logistics, and energy story.

Land

East Coast Investor Wins $88M North Phoenix Land Auction Near TSMC - KTAR News / Phoenix Business Journal (July 2026)
Taicoon Property Partners, through Dove Valley Phoenix, LLC, placed the winning bids at a June 26 Arizona State Land Department auction for two connecting parcels totaling about 368 acres just east of the TSMC campus, between I-17 and Carefree Highway. The basis roughly tops what TSMC itself paid earlier in 2026, underscoring how quickly land near the semiconductor corridor is re-rating.

  • Sale price: approximately $88M for about 368 acres (about $239,130 per acre, about $5.49 per land SF)

  • Two adjoining sites won at $43M and $45M over competing bids from Vestar and Mack Real Estate Group
    Source: KTAR News

CRE8 Advisors Closes $4.7M Purchase of 28 Acres in Florence - Real Estate Daily News (July 2, 2026)
AZ Farms 28, LLC acquired 28 acres at Arizona Farms Road and Felix Road in Florence from Aspen Nevada SPE, LLC in an all-cash deal, positioning the site near the SRP Abel Substation for future data center and advanced-industrial demand tied to power availability and the planned Dobson Tech Park.

  • Sale price: $4.7M for 28 acres (about $167,857 per acre, about $3.85 per land SF)

  • Buyer represented by Rommie Mojahed and Kevin Smith of CRE8 Advisors
    Source: Real Estate Daily News

18-Acre Queen Creek Land Deal Closes for $2.7M Off Arizona Farms Boulevard - Real Estate Daily News (July 7, 2026)
An 18-acre parcel at Arizona Farms Boulevard and Apollo Road traded in an all-cash structure, targeting a future mix of multifamily, light industrial, and retail pad uses roughly one mile from the planned Dobson Tech Park. The deal adds another Southeast Valley comp in a rapidly densifying corridor near Hunt Highway.

  • Sale price: $2.7M for 18 acres (about $150,000 per acre, about $3.44 per land SF)

  • Structured as an all-cash acquisition, bypassing current debt markets
    Source: Real Estate Daily News

BHP and Faraday Copper Sign Definitive San Manuel Deal, Creating a Pinal County Copper District - AZ Big Media (July 2026)
Faraday Copper executed definitive agreements to acquire BHP's historic San Manuel property in Pinal County, adjacent to Faraday's Copper Creek project, in a move that could form one of the largest undeveloped copper districts in the United States. Rather than a cash sale, BHP receives an equity stake, so the transaction is a strategic land and infrastructure consolidation rather than a conventional per-acre trade.

  • BHP to receive roughly a 30% fully diluted stake in Faraday (approximately 32.5% including a March 2026 placement)

  • Closing expected in the quarter ending September 30, 2026, subject to shareholder and regulatory approval
    Source: AZ Big Media

Multifamily

Cavan Cos. Closes Largest Single-Asset Build-to-Rent Sale in Phoenix History at $112.5M - Multi-Housing News (July 7, 2026)
Cavan Cos. sold The Bungalows on Camelback, a 334-unit build-to-rent community at 4747 N. 99th Ave. on more than 29 acres, to an affiliate of Golden Horizon Enterprises. The price set a metro record for a single-asset BTR trade, clearing roughly 13% above the prior title holder.

  • Sale price: $112.5M for 334 units (about $336,826 per unit)

  • Completed in 2022, buyer secured a $73.13M mortgage
    Source: Multi-Housing News

Rise48 Equity Acquires 108-Unit North Phoenix Community for $21.7M - Connect CRE (July 2026)
Rise48 Equity bought the community at 17840 N. Black Canyon Highway from Tailwind Investment Group, pre-empting the marketed process with a full-price, non-refundable Day 1 offer. The Deer Valley asset will be rebranded Rise at the Northern and taken through a light value-add renovation across all units.

  • Sale price: $21.7M for 108 units (about $200,926 per unit)

  • Built 1983 on 3.62 acres; roughly 20% of units already renovated at sale
    Source: Connect CRE

Fireside Apartments Trades for $4.75M in Biltmore-Area Off-Market Deal - Marcus & Millichap (July 2026)
Fireside Apartments, a 20-unit, 1962-vintage community at 4202 N. 27th St. near the Biltmore, sold in an all-cash transaction from Anna and Mike Brennen to Aurora Palms LLC. The buyer plans a comprehensive interior and exterior renovation, betting on low-density vintage product insulated from new mid-rise supply.

  • Sale price: $4.75M for 20 units (about $237,500 per unit)

  • Single-story, two-bedroom floor plans on nearly 1.5 acres
    Source: Marcus & Millichap

Garrett Companies Plans 336-Unit Deer Valley Multifamily Community - AZBEX (July 7, 2026)
The Garrett Companies is seeking a rezoning and density waiver for a 336-unit, four-story community at the southwest corner of I-17 and Rose Garden Lane, replacing a prior medical-office-centric concept. The Deer Valley Village Planning Committee took up the request July 6, with a conceptual plan showing seven four-story buildings on Safeway-owned land.

  • Program: up to 336 units across seven four-story buildings

  • Site sits within the I-17 corridor influenced by downstream TSMC demand
    Source: AZBEX

27-Story Astria Tempe Student-Housing Tower Tops Out Near ASU - Tempe Independent (July 2026)
Astria Tempe, a 27-story tower at 211 E. 7th St. developed by a Trinitas Ventures and Mitsui Fudosan America joint venture, placed its final beam to become one of Tempe's tallest buildings. The project targets ASU-driven demand steps from campus and the Mill Avenue district.

  • Program: 380 units and 701 beds, with ground-floor retail and seven parking levels

  • Completion and first move-ins planned for summer 2027
    Source: Tempe Independent

Industrial

Okland Construction Signs 85,241 SF Lease at 17 North Corporate Center - AZ Big Media (July 8, 2026)
A Ryan Companies and Standard Real Estate Investments joint venture leased the entirety of Building D at 2525 W. Corporate Center Drive to Okland Construction, which will use the space primarily to expand prefabrication capacity for technology-sector clients. The commitment signals continued strength in the Deer Valley industrial submarket.

  • Lease size: 85,241 SF (full-building) within a two-building, 186,000-plus SF Class A complex

  • One freestanding building remains available; CBRE represented ownership, DAUM the tenant
    Source: AZ Big Media

Majestic Realty Signs 99-Year Salt River Ground Lease for Nearly 1M SF Industrial Project - AZ Big Media (July 7, 2026)
Majestic Realty Co. entered its first tribal-community ground lease with the Salt River Pima-Maricopa Indian Community for 59 acres at North Pima Road and East McDonald Drive, with direct access to the Loop 101. The project positions a large light-industrial development for logistics demand near a supply-constrained submarket.

  • Site: 59 acres planned for up to eight Class A buildings totaling just under 1M SF

  • 99-year ground lease; groundbreaking anticipated in 2027 (financial terms undisclosed)
    Source: AZ Big Media

Taiwan Clears TSMC's $20B Capital Injection Into TSMC Arizona - Focus Taiwan (July 2, 2026)
Taiwan's Ministry of Economic Affairs approved a $20B capital injection into TSMC Arizona to fund construction of a 12-inch wafer fab and an advanced packaging plant. The clearance brings cumulative approved TSMC U.S. investment to $44B and reinforces the North Phoenix land, supplier, and industrial-demand thesis.

  • Capital commitment: up to $20B into the North Phoenix fab complex

  • Sixth approval of TSMC U.S. investment; supports the broader $165B site plan
    Source: Focus Taiwan

Pinal County Approves NextEra's 400 MW Valley Farms Battery Storage Project - Pinal Post (July 2026)
The Pinal County Board of Supervisors voted 4-0 on July 1 to approve NextEra Energy Resources' Valley Farms Energy Center, a 400 MW battery storage facility on 68.77 acres east of Coolidge, reversing a prior denial of a larger solar-inclusive version. The approval underscores how grid capacity is shaping the region's development hierarchy.

  • Project: 400 MW battery energy storage on 68.77 acres; about 300 construction jobs

  • Estimated $9M in additional local revenue over 20 years; operations targeted before summer 2028
    Source: Pinal Post

Retail

Grand Village Center in Surprise Sells for $10.7M - Shopping Center Business (July 2026)
A multi-tenant retail center in Surprise traded at a robust per-foot price, anchored by an internet-resistant, necessity-based tenant roster and located directly across from Banner Del Webb Medical Center. The captive medical-campus traffic supports the daily-needs thesis driving retail's sub-5% metro vacancy.

Office

Newmark Brings 545,000 SF of Class A Valley Office to Market - Connect CRE (July 2026)
Three fully stabilized Class A office buildings totaling about 545,000 SF were listed for sale across Chandler, Scottsdale, and Phoenix, a notable test of institutional appetite as vacancy and rent trends begin to stabilize. Eventual clearing prices will serve as a benchmark for top-tier office valuations in the current rate environment.

  • Assets: One Chandler Corporate Center, Northsight Corporate Center, and The Summit

  • Spans the East Valley, Scottsdale Airpark, and central Phoenix corridors
    Source: Connect CRE

Valleywise Health Details $898M Prop 409 Development Program - AZBEX (July 2026)
Valleywise Health's governing council received a July 1 update on how the voter-approved $898M Proposition 409 bond will fund inpatient, outpatient, behavioral-health, and Roosevelt Campus improvements. The program represents one of the metro's largest healthcare and medical-office development pipelines.

  • Allocation: nearly $501M outpatient, about $220M behavioral health, nearly $177M inpatient and Roosevelt Campus

  • A design-build request for the first parking garage has already been issued
    Source: AZBEX

Connect With Us

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.

John Finnegan

Senior Vice President | Land

(602) 222-5152

Ramey Peru

Senior Vice President | Land

(602) 222-5154

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