10 biggest commercial real estate deals of the last 10 years Article originally posted on AZ Big Media on July 21, 2025 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