Real estate development companies in Arizona play a crucial role in shaping the state's infrastructure and living environments. This industry includes both large firms and smaller specialized companies that focus on residential, commercial, and mixed-use developments. Many firms are increasingly investing in sustainable design and smart technologies to meet demand for efficient living spaces while promoting eco-friendliness. Arizona's real estate sector has shown resilience, with a notable uptick in build-to-rent concepts and multifunctional properties responding to changing demographics and lifestyles. The focus on community-oriented projects indicates a shift towards holistic living environments.

The companies listed represent a mix of firm sizes, primarily located in Scottsdale and Tucson, with founding dates spanning from 1970 to 2018. From burgeoning start-ups to established entities, these firms offer many services ranging from residential construction to mixed-use development and property management. Many companies, such as Alliance Residential and Mark-Taylor, specialize in multifamily housing, while others focus on integrated community environments, demonstrating a commitment to enhancing quality of life across Arizona.

Continue reading to explore the top real estate development companies in Arizona.

Top 21 Real Estate Development Companies in Arizona

1. Alliance Residential Company

• Website: allresco.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 99%
• Founded year: 2000
• Headcount: 201-500
• LinkedIn: alliance-residential-company

Alliance Residential Company, based in Scottsdale, Arizona, is a private real estate developer that specializes in the construction and management of residential communities throughout the United States. Since its inception in 2000, the company has built or acquired more than 115,000 residential units, representing over $23 billion in invested capital. Alliance focuses on various segments, including luxury multifamily rentals under the Broadstone brand, affordable workforce housing through Prose, and senior living communities via Holden. In 2021, they expanded into industrial development with Alliance Industrial, addressing the growing demand for warehouse and distribution spaces. The company operates 19 regional offices nationwide, allowing it to maintain a strong local presence while executing its development strategies. Alliance Residential is also committed to sustainability, integrating smart home technologies and environmentally friendly practices into its projects, which enhances the living experience for residents.

2. DMB Associates, Inc.

• Website: dmbinc.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1984
• Headcount: 51-200
• LinkedIn: dmb-associates

DMB Associates, Inc. is a private real estate development firm based in Scottsdale, Arizona, with a workforce of approximately 179 employees. Since its inception in 1984, the company has specialized in master-planned communities and commercial properties, working closely with landowners, municipalities, and investors. DMB is known for its thoughtful approach to development, which emphasizes the unique characteristics of each project site. Their portfolio features a range of successful developments, including One Scottsdale, Eastmark, and Verrado, among others. DMB's projects are designed to create sustainable living spaces that enhance the quality of life for residents while also contributing positively to the local economy. The company prides itself on its integrity, transparency, and commitment to building lasting legacies in the communities it serves.

3. Sunbelt Holdings

• Website: sunbeltholdings.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1979
• Headcount: 11-50
• LinkedIn: sunbelt-holdings

Sunbelt Holdings is a private real estate development and management firm based in Scottsdale, Arizona, founded in 1979. With a team of approximately 29 employees, the company specializes in residential, commercial, and urban property development. Over the years, Sunbelt has developed many well-known communities and commercial spaces in the Phoenix and Tucson areas, including the notable Marina Heights, which is the largest single-tenant office development in Arizona. Their portfolio also includes master-planned communities like Windrose and Red Rock Village, which cater to a range of residential needs. Sunbelt Holdings prides itself on its strategic management and investment practices, focusing on maximizing property value through careful market analysis and relationship building. Their approach involves close supervision of projects from inception to completion, ensuring that each development meets the highest standards of quality and viability. Sunbelt's commitment to adding value to real estate opportunities has made them a recognized player in the Southwest real estate market.

4. Harvard Investments

• Website: harvardinvestments.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1985
• Headcount: 11-50
• LinkedIn: harvard-investments

Harvard Investments is a private real estate development firm based in Scottsdale, Arizona, with a history dating back to 1985. The company specializes in the creation and management of residential and commercial properties throughout the Southwestern United States. Their offerings include master-planned communities, rental properties, and investment opportunities, catering to both individual consumers and businesses. Harvard Investments has developed numerous projects, such as Cadence at Gateway in Mesa, AZ, and Mariposa in Rio Rancho, NM, which highlight their focus on quality living spaces and community amenities. The firm operates with a team of experienced professionals dedicated to enhancing the built environment while considering the natural assets of the areas they develop. Their commitment to sustainable practices and community needs positions them as a relevant player in the real estate development sector.

5. Five Star Development

• Website: fivestardevelopment.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Other (Debt), $585.0M, May 2023
• Founded year: 1978
• Headcount: 1-10
• LinkedIn: five-star-development

Five Star Development, based in Scottsdale, Arizona, is a private real estate development firm that specializes in a range of projects including residential, hospitality, commercial, and industrial developments. Since its inception in 1978, the company has successfully managed and invested in various real estate assets, amassing over 20 million square feet of developed space. Their approach combines advanced construction methods with a strong focus on customer satisfaction, ensuring that projects meet the needs of both businesses and individuals. The firm has a notable portfolio that includes high-profile developments such as The Ritz-Carlton Residences in Paradise Valley. Recently, Five Star Development secured $585 million in funding in May 2023, reflecting their ongoing relevance and ambition in the real estate sector. Their clientele features several Fortune 500 companies, highlighting their capability to handle significant projects across the Southwest.

6. Fulton Homes

• Website: fultonhomes.com
• Ownership type: Family Owned
• Headquarters: Tempe, Arizona, United States (USA)
• Employee distribution: United States (USA) 91%, Canada 9%
• Founded year: 1975
• Headcount: 51-200
• LinkedIn: fulton-homes

Fulton Homes is a family-owned home builder based in Tempe, Arizona, with a history dating back to 1975. The company specializes in the construction of new residential properties, primarily in Arizona, and operates through various communities that offer a range of choices for home buyers. With a workforce of approximately 101 employees, Fulton Homes has built over 30,000 homes in the Valley of the Sun. They provide comprehensive services that include home construction, design, and financing options, ensuring that customers have a seamless experience when purchasing a home. Fulton Homes is also recognized for its commitment to sustainability, having received the EPA Indoor airPLUS Leader Award for ten consecutive years. Their community engagement is evident through initiatives like the Fulton Foundation, which supports educational contributions and environmental programs. This blend of quality construction, customer service, and community involvement underscores their relevance in the real estate development industry.

7. Cachet Homes

• Website: cachethomes.net
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1990
• Headcount: 51-200
• LinkedIn: cachet-homes

Cachet Homes is a private home builder located in Scottsdale, Arizona, with a focus on luxury residential properties. Established in 1990, the company has carved out a niche in the Arizona real estate market, offering a range of upscale housing options, including single-family homes, condominiums, and townhomes. Cachet Homes is known for its commitment to quality craftsmanship and customer care, striving to create unique living experiences in various communities across the state. The company operates several developments, such as Union Park, Peak View, Emerald Hills, and McKinley Glenn, each designed to provide modern amenities and a high standard of living. Cachet Homes has been recognized as one of the top three home builders in Arizona for the past 20 years, reflecting its strong presence and reputation in the luxury home market.

8. The Empire Group of Companies

• Website: builtbyempire.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1970
• Headcount: 11-50
• LinkedIn: empiregroupofcompanies

The Empire Group of Companies, based in Scottsdale, Arizona, is a private real estate developer with a focus on residential and commercial projects. Established in 1970, the company has built a reputation for creating innovative housing solutions tailored to meet the evolving demands of the market. Their portfolio includes single-family build-for-rent communities, which cater to renters seeking the benefits of home living without the long-term commitment of a mortgage. Operating primarily in the Phoenix metropolitan area, Empire has developed and managed assets valued at over $3 billion, serving a clientele that includes individual renters and investors. The company prides itself on its culture of collaboration and innovation, which has allowed it to stay ahead of industry trends and deliver value to its stakeholders.

9. Mark-Taylor, Inc.

• Website: mark-taylor.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 99%
• Founded year: 1985
• Headcount: 501-1000
• LinkedIn: mark-taylor-inc

Mark-Taylor, Inc. is a private real estate development firm based in Scottsdale, Arizona, specializing in multifamily communities. Established in 1985, the company has built a reputation for developing, managing, and investing in luxury apartment rentals. With a focus on high-quality living spaces, Mark-Taylor has developed over 20,000 Class-A apartment units across 74 communities in Arizona. The firm prides itself on its attention to craftsmanship and quality, ensuring that every aspect of site selection, design, construction, and management is handled in-house. This vertical integration allows Mark-Taylor to respond effectively to industry trends and maximize returns for its investors. The company has also been recognized as the top multifamily developer in Arizona for 13 consecutive years, reflecting its strong market position and commitment to excellence in the real estate sector.

10. NexMetro Communities

• Website: nexmetro.com
• Ownership type: Private
• Headquarters: Phoenix, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2012
• Headcount: 51-200
• LinkedIn: nexmetro-communities

NexMetro Communities is a private real estate developer based in Phoenix, Arizona, specializing in luxury leased homes and build-to-rent communities. Established in 2012, the company has quickly become a prominent figure in the housing market, focusing on providing high-quality rental options that blend the privacy of single-family homes with the convenience of renting. With a portfolio that includes over 55 projects and more than 9,400 homes across various metropolitan areas, NexMetro has successfully tapped into a growing demand for flexible living arrangements. Their Avilla Homes developments are strategically located in key submarkets, catering to individuals and families seeking a modern lifestyle without the burdens of home ownership. The company prides itself on its innovative approach and commitment to enhancing the quality of life for its residents, making it a noteworthy player in the real estate development industry.

11. Miramonte Homes

• Website: miramontehomes.com
• Ownership type: Private
• Headquarters: Tucson, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1993
• Headcount: 11-50
• LinkedIn: miramonte-homes

Miramonte Homes, founded in 1993, is a private home builder and real estate developer based in Tucson, Arizona. The company specializes in constructing new home communities and rental properties throughout Arizona. With a workforce of approximately 37 employees, Miramonte Homes prides itself on delivering high-quality craftsmanship and exceptional customer service. Their portfolio includes a range of residential options, from single-family homes to luxurious rental residences. Over the years, they have built a reputation for innovative designs that enhance living experiences. Miramonte Homes has been recognized multiple times as Builder of the Year by the Southern Arizona Home Builders Association, reflecting their commitment to excellence in the industry. They manage all aspects of construction, from land development to final delivery, ensuring a seamless experience for their clients.

12. Bourn Companies

• Website: bourncompanies.com
• Ownership type: Private
• Headquarters: Tucson, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1990
• Headcount: 11-50
• LinkedIn: bourn-companies

Bourn Companies is a private real estate development firm based in Tucson, Arizona, founded in 1990. With a team of 36 employees, the company has made significant strides in the industry, focusing on mixed-use projects that integrate residential, commercial, and lifestyle components. Over the past three decades, Bourn has completed more than 50 projects, totaling approximately 6 million square feet across the Southwestern United States. Their portfolio includes a variety of developments, such as retail spaces, restaurants, entertainment venues, offices, hotels, and residential communities. Bourn Companies is known for its innovative design and commitment to community engagement, working closely with investors, municipalities, and other stakeholders to create transformative spaces. Their current projects, including the ambitious Uptown redevelopment, reflect their ongoing relevance and active participation in the real estate development sector.

13. Symmetry Companies

• Website: symmetrycompanies.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: symmetry-companies

Symmetry Companies, founded in 2014 and based in Scottsdale, Arizona, is a private luxury real estate developer. The company specializes in creating high-end residential communities that prioritize lifestyle and community engagement. Their services include home design and construction, realty brokerage, and community management, catering primarily to luxury home buyers and investors. Symmetry Companies has developed notable communities such as Pine Canyon and Talking Rock, which reflect their commitment to hospitality and unique living experiences. With a team of industry experts, they aim to innovate within the luxury market, focusing on creating environments that foster connections among residents. Their approach integrates a hospitality mindset into residential living, enhancing the overall experience for homeowners.

14. Suncrest

• Website: suncrestreal.com
• Ownership type: Private
• Headquarters: Phoenix, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2015
• Headcount: 11-50
• LinkedIn: suncrest-real-estate-%26-land

Suncrest is a private real estate development company based in Phoenix, Arizona, specializing in residential and mixed-use communities. Established in 2015, the firm has a team with over 20 years of industry experience, adept at managing land acquisition, entitlement, and development processes. Suncrest has successfully developed a portfolio that includes over 4,100 acres and 13,600 planned homes across multiple states. Their projects are characterized by a commitment to sustainability and community engagement, ensuring that developments reflect local values and needs. The company collaborates with various stakeholders, including home builders and investors, to create environments that foster both residential and commercial growth. Suncrest's operational model emphasizes transparency and ethical practices, which has earned them a solid reputation among partners and clients alike.

15. HSL Asset Management, LLC.

• Website: hslproperties.com
• Ownership type: Family Owned
• Headquarters: Tucson, Arizona, United States (USA)
• Employee distribution: United States (USA) 97%, India 3%
• Founded year: 1975
• Headcount: 201-500
• LinkedIn: hsl-asset-management-llc

HSL Asset Management, LLC., operating under the brand HSL Properties, is a family-owned real estate company based in Tucson, Arizona. Established in 1975, the firm specializes in apartment rentals and construction services, primarily within Arizona. HSL Properties offers a wide range of residential options, including luxury apartments, catering to individuals and families seeking quality housing. The company also provides construction services through HSL Construction Services, which was created to support its growing portfolio. With over 4,000 current units and a history of completing projects valued at over $1 billion, HSL demonstrates a strong commitment to developing and managing multifamily, commercial, and hospitality properties. Their focus on community and customer service is evident in their extensive offerings across Tucson, Phoenix, and other areas in Arizona.

16. Evergreen Devco, Inc.

• Website: evgre.com
• Ownership type: Family Owned
• Headquarters: Phoenix, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1974
• Headcount: 51-200
• LinkedIn: evergreen-devco-inc.

Evergreen Devco, Inc. is a family-owned real estate development firm based in Phoenix, Arizona, with a history dating back to 1974. The company specializes in retail, multifamily, and industrial projects, providing a full suite of development services that include site planning, construction management, and consulting. With a workforce of approximately 66 employees, Evergreen has successfully completed over 600 projects across more than 250 municipalities in the United States. Their portfolio includes grocery-anchored shopping centers, multifamily housing developments, and industrial facilities, reflecting their adaptability to market trends. Evergreen is actively engaged in current projects, including significant developments in Arizona and Colorado, showcasing their commitment to growth and innovation in the real estate sector.

17. BeckShar Development

• Website: beckshar.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: beckshar-development

BeckShar Development, based in Scottsdale, Arizona, is a construction firm that specializes in the development and construction of build-to-rent (BTR) housing and rental communities. Founded in 2017 by industry veterans Rick McDowell and Jason Pancamo, the company has roots that trace back to the early 1980s, during which the leadership team has been involved in the construction of over 33,000 homes. BeckShar primarily caters to high net worth investors, focusing on creating desirable living spaces in the Phoenix metro area. Their portfolio includes both active and closed projects, showcasing their capability in delivering quality housing solutions. The company prides itself on its market knowledge, strong relationships, and a commitment to client satisfaction, positioning itself as a reliable partner in the real estate development sector.

18. Niksi

• Website: niksi.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: next-page-realty

Niksi is a private construction and real estate company based in Scottsdale, Arizona, founded in 2013. The firm specializes in luxury home development and provides a comprehensive range of services that include construction, architecture, funding, and title services. Niksi aims to simplify the process of building, buying, and financing properties, ensuring a seamless experience for homeowners and real estate investors alike. With a dedicated team of professionals, they focus on creating high-quality, custom homes that reflect sophistication and meticulous craftsmanship. Over the years, Niksi has built a strong presence in the local market, particularly in Paradise Valley and Scottsdale, and has developed a portfolio that showcases their commitment to excellence in luxury living. Their integrated approach allows them to manage every aspect of a project, from initial design to final execution, making them a valuable partner for clients looking to navigate the complexities of real estate transactions.

19. Diamond Ventures

• Website: diamondventures.com
• Ownership type: Private
• Headquarters: Tucson, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1988
• Headcount: 11-50
• LinkedIn: diamond-ventures

Diamond Ventures, Inc. is a private real estate development and investment firm based in Tucson, Arizona. Established in 1988, the company specializes in the development of residential and commercial properties, managing investments that cater to growth-oriented businesses. With a dedicated team of approximately 39 employees, Diamond Ventures has successfully developed over 25,000 acres of residential and commercial land, positioning itself as a significant contributor to the local real estate market. Their portfolio includes a variety of projects, from custom lot communities to master-planned developments, reflecting their commitment to quality and community engagement. The firm also invests in independent businesses across the Southwest, further diversifying its investment strategy. Diamond Ventures aims to create value for its partners and customers while considering the community and environmental impact of its projects.

20. Grossman Company Properties

• Website: grossmancompany.com
• Ownership type: Private
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1962
• Headcount: 51-200
• LinkedIn: grossman-company-properties

Grossman Company Properties is a private real estate development and management firm based in Scottsdale, Arizona. Established in 1962, the company has built a reputation for creating and managing a wide array of properties, including hotels, resorts, and residential communities. With over 20 million square feet of real estate under their stewardship, they emphasize a hands-on approach to development, ensuring meticulous attention to detail and a commitment to quality. Their portfolio includes iconic properties like the Arizona Biltmore and La Playa Hotel, reflecting their expertise in both hospitality and residential sectors. The company also engages in lending through GCP Capital Partners, providing creative financing solutions for various real estate projects. Their leadership team boasts extensive experience across multiple markets, further enhancing their operational capabilities and strategic vision.

21. P.B. Bell

• Website: pbbell.com
• Ownership type: Family Owned
• Headquarters: Scottsdale, Arizona, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1976
• Headcount: 51-200
• LinkedIn: the-p-b--bell-companies

P.B. Bell, based in Scottsdale, Arizona, is a family-owned property management and real estate development firm that specializes in multifamily housing. Established in 1976 by Philip Bell, the company has built a reputation for enhancing living experiences through the development and management of residential communities. With a workforce of approximately 82 employees, P.B. Bell operates primarily in Arizona, focusing on creating tailored solutions for property owners and renters alike. Their portfolio includes a range of properties, from luxury apartments to affordable housing, showcasing their ability to adapt to market needs. The company prides itself on its core values, which emphasize creativity, integrity, accountability, and community engagement. P.B. Bell has received accolades for its commitment to quality and service, including recognition as one of Arizona's Most Admired Companies in 2024. Their ongoing projects and community involvement reflect a proactive approach to real estate development, making them a notable entity in the industry.

Real Estate Development Insights: Key Companies in Arizona

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