A
rizona's commercial real estate market has seen a remarkable surge in 2025, with three massive deals already surpassing the previous decade's records. According to data from Vizzda and AZRE magazine, these transactions have rewritten the state's skyline.

    The top deals include:

    1. JW Marriott Phoenix Desert Ridge Resort & Spa: Sold for $865 million on June 10, 2025, this luxury resort boasts 950 rooms.

    2. Arizona Biltmore: Although closed in May 2024, its $705 million price tag makes it one of the year's most significant deals, with a 703-unit hotel/resort property.

    3. Scottsdale Quarter: This mixed-use center sold for $645.1 million on June 26, 2025, featuring 790,000 square feet of space.

    Other notable transactions include:

    4. Vaseo Apartment Homes ($325 million)

    5. Pacific Proving Technology Campus (planned) ($296.4 million)

    6. Four Seasons Resort Scottsdale at Troon North ($267.8 million)

    7. The Moderne – Apartments ($260 million)

    8. Copperwing Logistics Center ($258.1 million)

    9. Camelback 303 (proposed) ($255.3 million)

    10. Del Mar Terrace Apartments ($255 million)

    These deals demonstrate the immense growth and investment in Arizona's commercial real estate market, with several transactions pushing past previous records.