The Howard Hughes Corporation announced the first four builders for Teravalis, a 37,000-acre community in the Phoenix West Valley.

“This is a huge step forward for Landsea Homes, and we are excited about extending our presence in San Tan Valley,” Heather Cammiso, Arizona division president for Landsea Homes, said in a press release.

Belgravia Group topped off the first building of Portico, a nine-building condominium development located in the Loop 101 and Scottsdale Road corridor.

Toll Brothers opened four new model homes in the Phoenix area: two in Adero Canyon in Fountain Hills, one in Sonoran Trails in Cave Creek and one in Sereno Canyon in Scottsdale.

David Weekley Homes broke ground on a model home in Sentiero, a new-home development within the Windrose master-planned community in Waddell.

David Weekley Homes will construct a community of single-family homes in Escena at Blossom Rock, a master-planned community in Apache Junction.

The builder recently closed on 145 homesites that will serve as an extension of its existing Skye Ridge at Victory neighborhood in the community.

Declining interest rates spurred the increase. 

BedBrock Developers will develop Continental Mountain Estates, a 70-acre luxury community in Cave Creek.

Located at 18096 W. Olive Ave., the 102-unit development will include one- and two-story residences with three- and four-bedroom floor plans.

Capital Square and Sunstone Two Tree broke ground on Ironwood Homes at Rosefield, a single-family rental community in Glendale.

Pennrose Properties broke ground on Garfield Housing Phase II, an affordable senior housing development in Phoenix.

Funding was secured through an $86 million construction loan from Santander Bank.

Thompson Thrift will begin construction this month on Refinery at Pointe17, a luxury apartment development in Phoenix.

All three of Dominium’s Phoenix-area affordable housing projects benefited from Section 42 of the Low-Income Housing Tax Credit (LIHTC) program, which provides funding to increase the supply of affordable rental housing.

Plans for 56 at Arcadia include 40 rental townhomes of five varying layouts, ranging from two- to three-bedrooms.