In a blockbuster year for Arizona real estate, 2025 has already delivered three jaw-dropping megadeals—rewriting the record books and redefining the desert skyline. In an analysis of data collected by the commercial real estate tracking website Vizzda and AZRE magazine, three of the 10 biggest commercial real estate deals in Arizona over the last 10 years have happened in 2025.

1. JW Marriott Phoenix Desert Ridge Resort & Spa

Price: $865,000,000

Close date: June 10, 2025

Location: 5350 E. Marriott Dr., Phoenix

Property: 950-room luxury resort built in 2002

Buyer: Ryman Hospitality Properties

Seller: Trinity Investments

2. Arizona Biltmore

Price: $705,000,000

Close date: May 8, 2024

Location: 2400 E. Missouri Ave., Phoenix

Property: 703-unit hotel/resort

Buyer: Henderson Park

Seller: Blackstone

3. Scottsdale Quarter

Price: $645,100,000

Close date: June 26, 2025

Location: 15015-15323 N. Scottsdale Rd., Scottsdale

Property: 790,000-square-foot mixed-use center

Buyer: FalconEye Ventures

Seller: Washington Prime Group

4. Vaseo Apartment Homes

Price: $325,000,000

Close date: Dec. 15, 2021

Location: 16220 N. 7th St., Phoenix

Property: 1,222-unit apartment complex

Buyer: Jason W. Geer

Seller: Klein Financial Corporation

5. Pacific Proving Technology Campus (planned)

Price: $296,378,800

Close date: March 25, 2025

Location: Signal Butte and Pecos roads, Mesa

Property: 173.5098 acres of land

Buyer: NTT Data

Seller: Levine Investments

Broker: Nathan & Associates

6. Four Seasons Resort Scottsdale at Troon North

Price: $267,800,000

Close date: Dec. 2, 2022

Location: 10600 E. Crescent Moon Drive, Scottsdale

Property: 210-room AAA Five Diamond resor

Buyer: Braemar Hotels & Resorts (REIT)

Seller: Strategic Hotels & Resorts

7. The Moderne – Apartments

Price: $260,000,000

Close date: May 9, 2022

Location: 4848 N. Goldwater Blvd., Scottsdale

Property: 369-unit apartment complex

Buyer: Apartment Management Consultants

Seller: JLB Partners

8. Copperwing Logistics Center

Price: $258,081,239

Close date: May 5, 31, 2024

Location: North Dysart Road and West Northern Parkway, El Mirage

Property: 282.78 acres of vacant industrial land

Buyer: Microsoft Corporation

Seller: Dermody Properties

9. Camelback 303 (proposed)

Price: $255,287,250

Close date: July 5, 2022

Location: Cotton Lane and Bethany Home Road, Glendale

Property: 390.7059 acres of land

Buyer: QTS Data Centers

Seller: First Industrial Realty Trust

10. Del Mar Terrace Apartments

Price: $255,000,000

Close date: Feb. 28, 2022

Location: 7007 W. Indian School Rd., Phoenix

Property: 1,012-unit apartment complex

Buyer: Tides Equities

Seller: Heers Management Company

– more at azbigmedia.com

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