5 biggest commercial real estate deals from March

Article originally posted on AZ Big Media on April 3, 2026

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.

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)