The dynamics of the property market in Arizona continue to shift, fueled by a reliable demand for residential and commercial spaces. At the forefront of this growth are the real estate development companies. These firms conceptualize, construct and manage diverse projects spanning residences, shopping complexes, corporate spaces, mixed-use properties and multifamily communities. Navigating factors like population growth, affordability and urbanization trends, they set the architectural melody of Arizona, presenting opportunities for owners, renters and investors. As the tech and remote work culture embeds itself deeper into the lifestyle, we could see these firms focusing on sustainable and technologically advanced properties. This article explores some key players in this space.


Top 21 real estate development companies in Arizona

1. Mark-Taylor, Inc.

Mark-Taylor Companies is a privately-held, Arizona based developer, owner, and investment manager of multifamily communities, offering luxury rental homes in Arizona.


2. MC Companies

MC Companies is a real estate investment, development, and management company that has been making real estate investing simple since 2001. They focus on apartment communities across the US, offering high risk-adjusted returns to their investors. With a strong corporate culture, they provide uncompromising service to their residents, creating the ultimate apartment living experience. They believe in giving back and aim to build a better world through their work.


3. Vestar

  • Website: vestar.com
  • Headquarters: Phoenix, Arizona, United States
  • Founded: 1989
  • Headcount: 51-200
  • LinkedIn

Vestar is a nationally recognized leader in the acquisition, management, and development of retail real estate. With a portfolio totaling 30 million square feet throughout the western United States, Vestar offers comprehensive services to retailers and investors.


4. Evergreen Devco, Inc.

  • Website: evgre.com
  • Headquarters: Phoenix, Arizona, United States
  • Founded: 1974
  • Headcount: 51-200
  • LinkedIn

Evergreen Development Company (evgre.com) is a real estate development and commercial realty company. They specialize in retail, multifamily, and industrial development, offering value-add multifamily development services. Their expertise includes active and completed projects in various states like Arizona, Colorado, and Utah. They work with investors and have a foundation board. Their operations cover self-development, fee development, and providing services for grocery-anchored shopping centers, multifamily projects, and more. Their customers include retail tenants, investors, and the general public.


5. Fulcrum

  • Website: fulcrumcompany.com
  • Headquarters: Scottsdale, Arizona, United States
  • Founded: 2009
  • Headcount: 51-200
  • Latest funding type: Acquired
  • LinkedIn

Fulcrum is a real estate consulting company involved in multi-family development projects. They offer insights, oversight, and educational news to their clients. Their projects include mixed-use residential and commercial developments, hotels, and apartment rehabilitations.


6. Grossman Company Properties

Grossman Company is a real estate development company with expertise in design-forward and environmentally conscious hospitality, office, aged care, affordable housing, and high-quality housing developments. The company practices a studied, thoughtful, high design and humanistic approach to create welcoming spaces through architecture, landscaping, storytelling, and design.


7. McDowell Enterprises

McDowell Enterprises is a second-generation family-owned development company based in Arizona. With over 40 years of experience, they specialize in commercial and industrial real estate development, including multi-use projects, medical facilities, convenience stores, car washes, and Class A offices. They also have a growing retail footprint and are known for their industry-leading express car wash enterprise. McDowell Enterprises is committed to delivering premier developments and has a long-standing joint venture relationship with Native Americans for retail projects on tribal lands.


8. Grayhawk Development

Grayhawk Development is a real estate development firm creating projects and communities for partners, investors, residents, and customers. With over 20 years of experience, the firm has the vision, acuity, and perseverance to take a raw piece of land and create products and amenities that customers demand.


9. Wentworth Property Company

Wentworth Property Company is a commercial real estate development and management firm based in Arizona. With a focus on properties in Arizona and throughout the Western U.S., they have successfully completed over 8 million square feet of transactions since 2010. Their portfolio includes ground-up development, build-to-suit projects, and conversions of existing space. They have worked with notable clients such as Shutterfly, Northern Trust, State Farm, Ditech, and Tesla.


10. Sunbelt Holdings

Sunbelt Holdings is a commercial development and asset management company that has been a recognized leader in real estate development, management, and investment throughout the southwest since 1979.


11. Curve Development

Curve Development is a full-service real estate development company with nationwide resources. Backed by JEN Partners, they offer a unique range of opportunities in real estate development, including production homes, multi-family residences, commercial, and institutional developments. Their hands-on approach ensures detailed project development, from site planning and building to marketing and property sales. They have a strong network of experienced regional land partners, brokers, and sellers across the country, enabling them to source a variety of investment properties. With access to capital and strong debt relationships, they execute deals quickly.


12. SimonCRE

  • Website: simoncre.com
  • Headquarters: Scottsdale, Arizona, United States
  • Founded: 2010
  • Headcount: 11-50
  • LinkedIn

SimonCRE is a commercial real estate company that specializes in development and property acquisition. With a client-centric approach, they offer innovative and flexible solutions for their clients. They provide services ranging from build-to-suit development to redevelopments, aiming to raise the bar in the industry.


13. LPC Desert West

Lincoln Property Company Desert West specializes in real estate services in Arizona, Nevada, Utah and New Mexico. They offer office, industrial and retail investment, development, leasing, property management and occupier services. Their team manages over 19 million square feet, has acquired over 6 million square feet, and has developed and is in the process of constructing approximately 15.5 million square feet of commercial product.


14. The Empire Group of Companies

The Empire Group is a residential and commercial real estate developer in the Phoenix metropolitan market. They strive to deliver unmatched returns for investors by creating optimal experiences for real estate end users. They lead as innovators, anticipating industry shifts and acting as inspiration for others.


15. Diamond Ventures

Diamond Ventures is a privately held company specializing in real estate and private equity investments. They have over 30 years of experience in producing high quality developments and have worked independently and with strategic partners to develop, manage, and invest in residential and commercial real estate throughout the southwest. Their private equity investments focus on growth-oriented companies ranging from emerging technologies to manufacturing.


16. Silver Creek Development

Silver Creek Development is a real estate investment and development company headquartered in Phoenix with offices in Los Angeles and New York. They specialize in premier residential, commercial, and mixed-use developments on the west coast of the United States.


17. Baseline Realty

Baseline is a commercial real estate company that offers comprehensive services such as buying and selling buildings, leasing corporate offices and developing industrial, office, and retail properties.


18. Gold Leaf Properties

Gold Leaf Properties is a real estate investment firm that purchases, develops, and manages commercial and residential properties to provide exceptional investment opportunities and high-end living spaces.


19. VIVO Partners

VIVO Partners is a real estate development and asset management company that specializes in ground-up development, value-add real estate, and hospitality management assignments. Their executive team has over 200 years of combined experience spanning multiple asset classes and over 30-million square feet of developed and managed property.


20. The Jacobson Companies, Inc.

Jacobson Companies is a diversified organization that offers a range of real estate, construction, development, and investment services across Yuma, AZ. The company offers a variety of residential, commercial and industrial real estate options.


21. Denali National Trust

  • Website: dntinv.com
  • Headquarters: Scottsdale, Arizona, United States
  • Founded: 1991
  • Headcount: 11-50
  • LinkedIn

Denali National Trust is a multi-discipline investment firm involved in owning, operating, developing, and co-investing in high-quality real estate assets


Want to find more real estate development companies?


If you want to find more companies that offer broad range of residential and commercial development services you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.


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  • Ownership: Which of these are private equity backed? Which are family-owned?
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...and a lot more!