Phoenix CRE Daily Intelligence

Daily Intelligence Feed

Today's Top Stories

Tuesday, August 11, 2026 · Updated every weekday morning.

Cale Enterprises Requests Rezoning for 71,400 SF Light Industrial Building in NE Phoenix

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Developer Cale Enterprises is requesting the City of Phoenix rezone 5.02 AC at the SWC of Rose Garden Lane and 28th Street in northeast Phoenix from single-family residential to A-1 Light Industrial, to accommodate the proposed Rose Garden Industrial building. The single-story, 71.4KSF building would replace existing storage buildings, greenhouses, and RV storage on the site. The request goes before the Phoenix Planning Commission on September 9. Source: AZBEX, August 7, 2026.

The Opportunity: Small-format infill industrial keeps finding new sites in northeast Phoenix's Deer Valley submarket. If you own or are evaluating industrial land in this corridor, I can help you understand the opportunity. amy.dattilo@naihorizon.com | 480-382-1833

Bureau of Reclamation's Preferred Colorado River Framework Raises New Concerns for Lower Basin States

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The Bureau of Reclamation's newly announced preferred operating framework for the Colorado River raised concerns among Lower Basin states beyond the allocation cuts already drawing attention. The framework shifts reservoir management priorities toward protecting Glen Canyon and Hoover dams under prolonged drought conditions, with infrastructure decisions left to separate future reviews. Updated guidelines would run in two-year increments through 2036 once current rules expire in late September. Source: AZBEX, August 7, 2026.

The Opportunity: Water policy keeps evolving in ways that touch land value and underwriting across the Valley. If you want help thinking through what these changes mean for your property, let's talk. Call me: amy.dattilo@naihorizon.com | 480-382-1833

El Mirage Planning Commission Recommends Approval for 105,800 SF Warehouse

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The El Mirage Planning and Zoning Commission voted 4-1 to recommend approval of a conditional use permit for IDM Companies to build a 105,800 SF warehouse on a vacant 9.42 AC parcel at 9105 N. El Mirage Road. Source: AZBEX, July 24, 2026.

The Opportunity: El Mirage continues to add spec industrial inventory in the Northwest Valley. If you own land or are evaluating industrial opportunities in this submarket, I can help you understand the pipeline. amy.dattilo@naihorizon.com | 480-382-1833

EastGroup Properties Acquires Airgate Industrial Building in Mesa for $27.6M

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EastGroup Properties acquired Airgate, a 142,700 SF industrial building at 7353 E. Ray Road in Mesa, from MIG Real Estate for $27.6M, or roughly $193 per SF. The property was 100% leased to a third-party logistics provider at closing. Source: AZBEX, July 28, 2026.

The Opportunity: Public REIT capital is still clearing at strong per-square-foot pricing for stabilized, single-tenant Southeast Valley industrial. If you own comparable product, I can help you understand its current value. Call me: amy.dattilo@naihorizon.com | 480-382-1833

Six-Building Phoenix Industrial Portfolio Trades for $24M

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An entity tracing to John Lee sold a six-building Phoenix industrial portfolio totaling roughly 130,400 SF for $24M. Source: AZBEX, July 28, 2026.

The Opportunity: Multi-building industrial portfolios continue trading efficiently across Phoenix, even in smaller-format deals. If you're considering a portfolio sale or acquisition, I can help you understand where your assets fit. amy.dattilo@naihorizon.com | 480-382-1833

Arizona to Receive Colorado River Cuts Under New Federal Plan, With Extreme Scenarios Reaching 77%

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The federal government released a new Colorado River allocation plan requiring cuts from the three Lower Basin states, Arizona, Nevada, and California, with Arizona first in line due to a 1970 agreement tied to the Central Arizona Project canal. The most extreme scenario could reduce Arizona's allocation by 77%. Source: AZBEX / Independent Newsmedia, August 4, 2026.

The Opportunity: Water allocation is becoming a core underwriting factor for every land and industrial deal in the Valley. Call me: amy.dattilo@naihorizon.com | 480-382-1833

Arizona Land Consulting Proposes 320-Acre Camelback Creek Warehouse & Data Center Master Plan in Far West Valley

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Arizona Land Consulting is requesting rezoning for roughly 320 AC at the NWC of 411th Avenue and Camelback Road near Tonopah to support a mixed warehouse and data center master plan. Source: AZBEX, August 4, 2026.

The Opportunity: Far West Valley land is being pre-positioned for warehouse and data center demand well ahead of user commitments. amy.dattilo@naihorizon.com | 480-382-1833

Clark Pacific Plans New Precast Concrete Manufacturing Plant on 160 AC in Coolidge

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California-based Clark Pacific Corporation is planning a new precast concrete building component plant on a 160 AC site near the NWC of Highway 87 and Hanna Road in Coolidge, expected to create 100 to 150 new local jobs. Source: AZBEX / Pinal Post, August 5, 2026.

The Opportunity: Manufacturers are continuing to plant flags in Pinal County to stay close to Phoenix's construction pipeline. Call me: amy.dattilo@naihorizon.com | 480-382-1833

Maricopa County Approves Elite Civil Office Park Rezoning in South Phoenix

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The Maricopa County Board of Supervisors approved rezoning for a 4.35 AC site at the NEC of Southern and 43rd avenues in south Phoenix, clearing the way for a two-story, 31,200 SF office building. Source: AZBEX, July 31, 2026.

The Opportunity: South Phoenix continues to see small-format office and flex product fill in around its industrial base. amy.dattilo@naihorizon.com | 480-382-1833

Footprint Properties Plans 20-Unit Acacia Affordable Housing Community in Sunnyslope

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The City of Phoenix approved a preliminary site plan for a 20-unit affordable apartment community at 8910 N. 8th St. in the Sunnyslope area, immediately north of the Acacia Library. Source: AZBEX / Independent Newsmedia, August 5, 2026.

The Opportunity: Small-site infill multifamily continues to find approval paths in established Phoenix neighborhoods. amy.dattilo@naihorizon.com | 480-382-1833

The Weekly Intelligence Rhythm

Five Days. Five Questions.
One Step Ahead.

Every edition is built around a single daily question — the question that surfaces the best deals, the sharpest prospects, and the most timely opportunities. Click any day to read this week's actual intelligence.

Monday

August 10

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What is being built next?

Development projects, groundbreakings, entitlements, and permits that signal where the market is heading.

Lead Story

The Pinal County Planning & Zoning Commission voted 7-1 to recommend rezoning for Eloy Valley Energy Center III, a 1,263 AC utility-scale solar and battery storage facility south of Eloy from NextEra Energy Resources. The plant will pair 400 megawatts of solar with a 400-megawatt, four-hour battery energy storage system, with power contracted to Arizona Electric Power Cooperative. The project now heads to the Pinal County Board of Supervisors for a final vote. Source: Pinal Post / Phoenix Business Journal, August 6, 2026.

Also Watching

Boeing is planning a nearly 268,000 SF expansion to its existing Mesa manufacturing facility on Greenfield Road, a signal of continued aerospace and defense growth on the East Valley's industrial base.

The Opportunity

Utility-scale energy infrastructure is quietly becoming one of the largest land users in Pinal County, and it's reshaping what surrounding parcels are worth. If you own land near an energy corridor, I can help you understand the impact. amy.dattilo@naihorizon.com | 480-382-1833

Tuesday

August 11

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Who is creating future demand?

Business expansions, corporate relocations, GPEC wins, and company announcements that translate into space requirements.

Lead Story

Boeing is expanding its existing Mesa manufacturing footprint by nearly 268,000 SF, continuing a pattern of aerospace and defense manufacturers deepening their East Valley commitment. Meanwhile, the Gilbert Planning Commission unanimously recommended a 12 AC neighborhood commercial rezoning at the NEC of Queen Creek Road and Val Vista Drive, the latest piece of Lennar's Harvest Grove master plan, paving the way for restaurant and retail demand around the project's Fry's Marketplace anchor. Source: AZBEX, August 5 & July 14, 2026.

Also Watching

Harvest Grove's commercial buildout continues piece by piece, a pattern worth watching for any master-planned community still working through its retail entitlements.

The Opportunity

Aerospace expansion in Mesa and retail entitlement progress in Gilbert are both real demand signals, just in different sectors. If you're a tenant or landowner trying to read either market, let's talk. amy.dattilo@naihorizon.com | 480-382-1833

Wednesday

August 12

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Where is capital moving?

Investment sales, cap rates, active buyers, and pricing signals that tell you what sophisticated capital is doing right now.

Lead Story

Apex Clean Energy has applied for a 30-year commercial lease on nearly 3,900 AC of Arizona State Land near Buckeye for its Grande Verde Solar Project, a 350-megawatt utility-scale solar and battery storage facility. The Arizona State Land Department will hold a commercial lease auction on August 18, with a starting bid set at just over $43M. Apex estimates total project costs near $740M. Source: AZBEX, July 31, 2026.

Also Watching

Eloy Valley Energy Center III's advance through Pinal County entitlements reinforces just how much institutional capital is targeting Arizona energy infrastructure right now.

The Opportunity

A $43M starting bid on a single state land auction shows the scale of capital chasing Arizona energy infrastructure right now. If you're evaluating land near an active energy corridor, I can help you think through the opportunity. Call me: amy.dattilo@naihorizon.com | 480-382-1833

Thursday

August 13

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Where is growth happening?

Corridor-level intelligence on the submarkets gaining momentum — before the consensus catches up.

Lead Story

Salt River Pima-Maricopa Indian Community / Dobson Road corridor — CaliberCos Inc. is planning a 122-room extended-stay Hyatt Studios hotel on 2.81 AC on Dobson Road within SRPMIC, the latest project in its expanding partnership with Hyatt Hotels Corporation. A Community Council vote is scheduled for this month. On-location Thursday: Dobson Road, Salt River Pima-Maricopa Indian Community. Source: AZBEX, July 31, 2026.

Also Watching

Mesa's aerospace corridor continues to expand alongside Boeing's growing manufacturing footprint, reinforcing the East Valley as a durable industrial employment base.

The Opportunity

Hospitality development on tribal land near Scottsdale is becoming its own growth story, distinct from the broader Valley hotel pipeline. If you're evaluating hospitality or adjacent commercial opportunities in this corridor, I'm on the ground this week. Call me: amy.dattilo@naihorizon.com | 480-382-1833

Friday

August 14

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What's moving the market this week?

Weekly Movers & Shakers — the top transaction, development, and expansion of the week, with the opportunity each one creates.

A Move Worth Watching

Two major utility-scale energy projects advanced this week, a 1,263 AC solar and battery plant near Eloy and a 3,900 AC state land solar lease near Buckeye headed to auction, alongside Boeing's Mesa expansion, a new Hyatt hotel on Dobson Road, and continued progress on Harvest Grove's retail component in Gilbert.

Why It Matters

Energy infrastructure is emerging as one of the biggest land use stories in the Phoenix and Pinal County markets, even as traditional industrial, retail, and hospitality development continues at a steady pace across the Valley.

The Opportunity

If you own land anywhere near an active energy corridor in Pinal or West Maricopa County, this is a week to understand what that proximity means for your property's value. I'm the CRE broker on the ground in this market every day. Call me: amy.dattilo@naihorizon.com | 480-382-1833

Intelligence Archive

Monday

August 3

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What is being built next?

Development projects, groundbreakings, entitlements, and permits that signal where the market is heading.

Lead Story

Willmeng Construction broke ground on GO|99 North, a 1.1M SF Class A spec warehouse for GO Industrial in Tolleson, and Kidder Mathews announced the groundbreaking of The Collective on Ocotillo, a $20.1M medical office condo project in Queen Creek.

The Opportunity

A mega-warehouse groundbreaking and a new medical office project both broke ground in the same week. Call me: amy.dattilo@naihorizon.com | 480-382-1833

Tuesday

August 4

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Who is creating future demand?

Business expansions, corporate relocations, GPEC wins, and company announcements that translate into space requirements.

Lead Story

Walmart and Costco both committed to Houghton Town Center in southeast Tucson within months of each other, a clear demand signal for the surrounding rooftop base.

The Opportunity

National retailers are actively expanding into corridors with growing rooftop counts. amy.dattilo@naihorizon.com | 480-382-1833

Wednesday

August 5

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Where is capital moving?

Investment sales, cap rates, active buyers, and pricing signals that tell you what sophisticated capital is doing right now.

Lead Story

Commercial mortgage rates started near 5.78% for multifamily and 6.67% for CMBS as the 10-year Treasury yield climbed to roughly 4.60%. Capital kept moving regardless, with Walmart committing $6.99M to southeast Tucson land the same week.

The Opportunity

Rising long-term rates haven't stopped capital from moving on well-located product. Call me: amy.dattilo@naihorizon.com | 480-382-1833

Thursday

August 6

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Where is growth happening?

Corridor-level intelligence on the submarkets gaining momentum — before the consensus catches up.

Lead Story

The 99th Avenue / Tolleson corridor confirmed itself as a repeat performer for mega-industrial, while southeast Tucson's Houghton Road corridor emerged as Tucson's next big-box growth engine.

The Opportunity

The West Valley continues to prove out as a repeat mega-industrial corridor. amy.dattilo@naihorizon.com | 480-382-1833

Friday

August 7

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What's moving the market this week?

Weekly Movers & Shakers — a notable transaction, development, or expansion worth watching.

A Move Worth Watching

A rare mega-warehouse groundbreaking, dueling big-box commitments in southeast Tucson, a new Coolidge manufacturing plant, and a major Colorado River water policy shift, all in one week.

The Opportunity

Water policy is now a factor touching nearly every deal type in the Valley. Call me: amy.dattilo@naihorizon.com | 480-382-1833

What's Inside Every Edition

Five Intelligence Modules.
One Competitive Advantage.

Click any module to see this week's actual intelligence.

💰 Investor Intelligence & Capital Markets

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Transactions, cap rates, REIT performance, lending conditions, and institutional capital flows — what sophisticated capital is doing in Phoenix and nationally right now.

Today's Transaction Watch (AZBEX)

EastGroup Properties acquired Airgate, a 142,700 SF industrial building at 7353 E. Ray Road in Mesa, from MIG Real Estate for $27.6M, roughly $193/SF, fully leased to a third-party logistics provider at closing. Separately, a six-building Phoenix industrial portfolio totaling 130,400 SF traded for $24M.

Capital Trend to Watch

Public REIT capital continues clearing at strong per-square-foot pricing for stabilized, single-tenant Southeast Valley industrial, even amid a more selective national deal environment.

Federal Reserve / Lending Conditions

The Fed held the federal funds rate at 3.50%–3.75% following an unusually divided vote earlier this year. Markets continue to anticipate limited rate movement through the remainder of 2026.

Cap Rate Watch

Single-tenant net lease cap rates sit around 6.80% nationally per Q1 data; Phoenix industrial product continues trading in the low-5% to low-6% range, per CoStar.

🏗 Developer Watch

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Active construction projects, entitlements, and new starts across Phoenix and Tucson — with the tenant rep, owner rep, or referral opportunity each one creates.

Advancing Through Entitlements Today

Cale Enterprises is requesting rezoning for 5.02 AC at the SWC of Rose Garden Lane and 28th Street in northeast Phoenix, to build the 71.4KSF Rose Garden Industrial building, heading to the Phoenix Planning Commission on September 9. IDM Companies received a 4-1 recommendation from the El Mirage Planning and Zoning Commission for a 105,800 SF warehouse on 9.42 AC.

Water Policy Impact on Development

The Bureau of Reclamation's newly announced preferred Colorado River operating framework shifts long-term reservoir management priorities, adding a new layer of consideration for large-scale development planning across the Valley.

ULI Perspective

ULI names Phoenix among its most bullish secondary markets for 2026 — citing population growth, infrastructure investment, and logistics network shifts.

🏢 Landlord Update

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Vacancy trends, new supply, rent movement, and sector snapshots across all five asset classes — so owners know exactly where they stand.

📍 Sector Snapshot — Vacancy & Inventory

Industrial: 11.5% vacancy per CoStar, moderating as deliveries slow and demand holds steady | Retail: 4.7% vacancy, among the nation's tightest retail markets | Office: 23.4% vacancy, though select trophy product continues to see demand | Multifamily: Q1 net absorption of 6,261 units, the strongest quarterly performance in at least 26 years | Land: $193/SF for stabilized single-tenant Mesa industrial ($27.6M Airgate sale)

Industrial (CoStar Q1 2026)

Vacancy sits at 11.5% following more than 91M SF of deliveries over the past three years, though the pace of increase has flattened as completions slow. Net absorption totaled roughly 20M SF over the past 12 months, with rent growth moderating to 3.3%.

New Supply Watch

Two new small-format industrial projects, a 71.4KSF building in northeast Phoenix and a 105,800 SF warehouse in El Mirage, are moving through entitlements, adding to the Valley's supply pipeline outside the mega-warehouse segment.

Multifamily (Cushman & Wakefield Q1 2026)

Net absorption reached 6,261 units in Q1, the strongest quarterly performance in at least 26 years, as demand finally outpaces new deliveries.

📦 Tenant Tracker

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Companies expanding, relocating, or contracting across Phoenix and Tucson — with size requirements, timelines, and target submarkets when available.

📍 Sector Snapshot — Vacancy & Inventory

Industrial: 11.5% vacancy — moderating as new deliveries slow | Retail: 4.7% vacancy — among the nation's tightest retail markets | Office: 23.4% vacancy, with select trophy demand emerging | Multifamily: Q1 net absorption of 6,261 units, strongest in 26+ years | Land: $193/SF stabilized single-tenant Mesa industrial

Logistics Tenant Watch

A third-party logistics provider remains fully in place at EastGroup's newly acquired Airgate building in Mesa, underscoring continued Southeast Valley logistics demand.

Light Industrial Users

New small-format industrial product in northeast Phoenix and El Mirage signals continued appetite from users who don't need million-square-foot boxes, tier-two and light manufacturing tenants included.

Portfolio Buyer Watch

A six-building, 130,400 SF Phoenix industrial portfolio trading hands for $24M shows continued investor appetite for smaller multi-tenant industrial assets Valley-wide.

🌍 National & Global Market Watch

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The macro stories with direct Phoenix & Tucson implications — Fed policy, tariffs, foreign investment, and international capital flows through the NAI Global network.

Federal Reserve & Rates

The Fed has held the federal funds rate at 3.50%–3.75% following an unusually divided vote earlier this year. Long-term rates continue to weigh on financing costs even as capital keeps moving on well-located Phoenix product.

AI Infrastructure Capital Watch

Nvidia has entered into agreements with six major Wall Street firms, including Apollo, BlackRock, and Goldman Sachs, to develop financing platforms targeting more than $500B to support AI compute infrastructure nationwide. The scale of capital chasing AI and data center growth continues to have ripple effects on markets like Phoenix, already a top data center destination.

Water Policy Watch

The Bureau of Reclamation's newly announced preferred Colorado River operating framework raises new concerns for Lower Basin states beyond the allocation cuts already drawing attention, shifting long-term reservoir management priorities through 2036.

NAI Global Network Intelligence

Through NAI Global's worldwide network of 400+ offices across 65+ countries, Amy Dattilo brings international market perspective to every local transaction — connecting Phoenix & Tucson clients with global capital, cross-border tenants, and international investors seeking U.S. CRE exposure.

Who to Call This Week

I'm the CRE Broker Who Can Initiate These Conversations

West Valley industrial owners and developers — GO Industrial's 1.1M SF Tolleson groundbreaking confirms strong demand for large-format spec product in this corridor.

North Peoria / Vistancia landowners and retail operators — Five North's shift from plan to phase one signals real momentum is finally arriving in this corridor.

Surprise and Chandler industrial owners — CapRock's and Longpoint's recent trades show institutional buyers are still actively pricing well-located industrial product.

Central Phoenix office owners — One Camelback's arrival at 90%+ completion is worth watching if you're weighing a repositioning or lease renewal nearby.

Email Amy → amy.dattilo@naihorizon.com Call Amy → 480-382-1833

Who It's For

Built for the People
Moving the Phoenix Market

Phoenix CRE Daily Intelligence is designed for people who use market information to make decisions — not just read it.

🏦

Investors

Know which assets are trading, at what cap rates, and which buyers are active — before you hear it from a broker who already sold the deal.

🏗

Developers

Track where demand is building, which corridors are heating up, and which tenant categories are expanding — so your next project is ahead of the cycle.

🔑

Landlords

Understand your competitive position in real time — vacancy trends, new supply, and rental rate movements by submarket, every week.

📦

Tenants

See what's available, what's coming, and what the market is really doing — so you negotiate your next lease from a position of knowledge.

Your Intelligence Source

Amy Dattilo

Founder, Phoenix CRE Daily Intelligence · First Vice President, NAI Horizon · Commercial Real Estate Strategist & Market Intelligence Advisor

Amy Dattilo is a Commercial Real Estate Strategist and Market Intelligence Advisor specializing in the Phoenix metropolitan area, with more than 15 years of experience. Currently as First Vice President at NAI Horizon, Phoenix, she continues her focus in the retail and industrial divisions. She has represented both landlords and tenants while advising clients on investment projects across retail centers, industrial warehouse, flex, R&D, and medical office assets. Amy provides strategic guidance through market & financial analysis for lease & sale negotiations. Her expertise includes ground-up development for industrial and mixed-use sites, relationship management, and coordinating complex, multi-stakeholder transactions. She has also advised life science, aerospace & defense companies, across the Phoenix & Tucson markets.

Affiliated with and committed to the Arizona CRE community through ICSC, ULI, NAIOP, GPEC, and Commercial Real Estate Women (CREW), Amy has also contributed through her participation with the Tucson Metro Chamber's Public Affairs Committee and the Greater Phoenix Chamber's Economic Development Committee, where she served as Chair of the Business Retention & Expansion (BRE) Program. Through Phoenix CRE Daily Intelligence, she channels that same on-the-ground access into a daily briefing built to create opportunity, not just inform.

15+

Years in Phoenix CRE

NAI

Horizon | First VP

Retail

& Industrial Focus

amy.dattilo@naihorizon.com

480-382-1833

naihorizon.com ↗

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Today's Top Stories

Five Days. Five Questions.One Step Ahead.

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Built for the PeopleMoving the Phoenix Market

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Five Days. Five Questions.
One Step Ahead.

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One Competitive Advantage.

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