PHOENIX (Aug. 7, 2026) – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 984-unit Extra Space Storage self-storage facility in Phoenix, Arizona.

“This is one of the highest-performing self-storage assets in the entire Phoenix MSA, and the sale reflects that,” said Adam Schlosser, executive managing director of the LeClaire-Schlosser Group of Marcus & Millichap. “Built in 2021 and 100% climate-controlled, the facility has driven 13% revenue growth through 2026 while maintaining occupancy near 92%. The asset is in one of Phoenix’s most affluent submarkets, where average annual household incomes within a mile of the property top $137,000. The combination of trophy-quality construction, in-place performance, and rate upside drew significant investor demand.”

Schlosser, Jordan Farrer, and Charles “Chico” LeClaire of the LeClaire-Schlosser Group of Marcus & Millichap, in association with Ryan Sarbinoff, Marcus & Millichap’s Arizona broker of record, represented the seller.

This Extra Space Storage facility is in Phoenix’s North Central-Uptown submarket at 6316 North 7th St. The gated-access property has digital keypad entry, a drive-in loading area, multiple elevators, an on-site management office, 24/7 video surveillance, and an interior concrete drive aisle with roll-up doors.

NexMetro Communities Deepens Commitment to Tampa Market as Supply Cycle Turns

LAND O’ LAKES, Fla. (August 6, 2026) — NexMetro Communities, the nation’s leading developer of cottage-style, build-to-rent (BTR) home neighborhoods, is opening its third Avilla Homes community this week in the greater Tampa market.

Avilla Silver Palm joins two existing NexMetro communities in the broader Tampa Bay region: Avilla Suncoast in Odessa and Avilla Cypress Creek in Sun City Center. The three communities together reflect a geographic strategy spanning key growth corridors on both sides of Tampa, from Pasco County’s high-growth SR-52 corridor in the north to Hillsborough County’s southern suburbs.

NexMetro’s presence in the Tampa market continues to expand with an additional Avilla Homes community in development in Apollo Beach, with sitework expected to begin in late 2026.

“Greater Tampa has proven itself as one of the most durable BTR markets in the Sun Belt,” Riddle said, adding that the community’s differentiated offering appeals to diverse consumers from professional millennials, mid-life renters in transition, and baby boomers. “Our platform here is still growing, and the opening of Avilla Silver Palm underscores our belief in the long-range fundamentals of this region.”

About Avilla Silver Palm

Avilla Silver Palm offers a curated collection of one-, two-, and three-bedroom floor plans designed for residents who want the experience of homeownership without the burden of a mortgage. Homes feature:

• Private fenced backyards and front porches
• Lanais available on selected home sites
• High 10-foot ceilings and hard-surface, wood plank-style flooring throughout
• Optional garages
• Upscale interior finishes with full-sized washers and dryers included

Community amenities include a resort-style pool, outdoor lounge and barbecue areas, dog park, walking paths, electric vehicle charging stations, and on-site professional management. The community’s location near the Silver Palm Boulevard corridor offers convenient access to the Suncoast Parkway and SR-52, connecting residents to employment centers throughout the Tampa Bay region as well as the emerging Moffitt Speros medical research campus, which is projected to generate more than 11,000 jobs by 2033.

For leasing details, visit AvillaSilverPalm.com.

By Keith Pomonis

(August 6, 2026) — Mold in Arizona can be a significant concern for homeowners and property managers, where the climate can create an interesting juxtaposition between dryness and sudden humidity during the monsoon season.

Despite its prevalence, many misconceptions surround mold, leading to confusion and improper handling methods. Understanding the facts and myths about mold not only empowers you as a property owner but also underscores the importance of seeking professional help for remediation.

Fact vs. Myth: Common Misconceptions

One common myth is that mold is only a problem in damp environments. While it’s true that mold thrives in moist conditions, it can also flourish in dry climates like Arizona, especially after sudden rainfall. When humidity levels spike during the monsoon season, spores can settle into the crevices of our homes and businesses, leading to potential growth. This makes it crucial for Arizona property owners to be vigilant about moisture levels year-round.

Another prevalent myth is that simply cleaning mold with household cleaners will suffice. While cleaning may remove surface mold, it often doesn’t address the root of the problem. Mold can penetrate deeply into materials like drywall, wood, and carpets, requiring professional-grade remediation techniques to eliminate. In many cases, DIY approaches can inadvertently spread spores or even worsen the issue, which is why organizations like EHS Restoration offer specialized solutions to ensure comprehensive removal and prevention.

Understanding Mold Growth

Many people believe that mold is solely a cosmetic issue. In reality, it poses serious health risks, especially for individuals with allergies, respiratory conditions, or compromised immune systems. Common types of mold found in Arizona, such as Aspergillus and Stachybotrys (black mold), can release mycotoxins that may trigger a host of health problems. This underscores the necessity for property owners to take mold growth seriously and not dismiss it as merely unsightly.

Another crucial fact is that not all molds are visible. Mold spores exist in the air and on surfaces, often undetected until damage occurs. This invisibility can be particularly dangerous, as it allows mold colonies to develop out of sight. Regular inspections and moisture control are essential strategies for property owners to mitigate mold risks effectively.

The Importance of Professional Help

In a state where the climate regularly fluctuates, engaging with professionals is key. Companies like EHS Restoration specialize in mold assessment and remediation, employing expertise that goes beyond what homeowners or business managers can typically achieve on their own. They utilize advanced equipment and specific methodologies designed to detect hidden mold, assess damage, and implement thorough remediation processes.

Attempting to tackle mold without the right tools and knowledge can lead to ineffective results. Only professionals can ensure that mold is not only managed but that the environment is restored to acceptable levels. This is especially important in Arizona, where the dry climate can deceive property owners into thinking they’re safe from mold, until the next storm hits.

Keith Pomonis is the President of Mesa-based EHS Restoration. For more information call (480) 306-5777 or visit ehsrestoration.com.