Cortland Biltmore, which offers stylish apartment living in one of Phoenix’s most desirable neighborhoods, was the biggest commercial real estate deal in Metro Phoenix in March 2026. Here are the five biggest commercial real estate deals in Metro Phoenix from March of 2026, according to data collected by the commercial real estate tracking website Vizzda and AZRE magazine.
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1. Cortland Biltmore
Sale price: $125,000,000
Address: 12727 E. Camelback Rd., Phoenix
Property description: 253-unit apartment complex
Buyer: Moreno Companies
Seller: Cortland Partners
2. Cubework
Sale price: $104,000,000
Address: 6801 N. Cotton Lane, Glendale
Property description: 915,160-square-foot mega warehouse built in 2022 on 53.89 acres
Buyer: Prologis
Seller: Heitman
Broker: Cushman & Wakefield
3. Mack Innovation Park – lots 4 and 6
Sale price: $41,055,000
Address: Phoenix
Property description: 28.42 acres of industrial land
Buyer: United Integrated Services
Seller: Mack Real Estate Group
Broker: Daum
4. Rise Valley Heights (formerly known as Avenue 8 Apartments)
Sale price: $33,800,000
Address: 1050 W. 8th Ave., Mesa
Property description: 194-unit apartment complex
Buyer: Rise48 Equity
Borrower: Argentic
5. 1675 East Melrose Street
Sale price: $32,250,000
Address: 1675 E. Melrose St., Gilbert
Property description: 49,600-square-foot Class A medical office
Buyer: Montecito Medical Real Estate
Seller: SPHERE Investments (formerly known as Flagler Investments)
