Phoenix & Southwest

An Albuquerque development team is spending $51 million on a two-phase multifamily housing project. The 128-unit project will be located at 724 64th St. NW. in the Atrisco neighborhood. The project is called “West Mesa Ridge A” and is the first phase of a two-phase development. Phase 2 of construction, with the remaining 144 units, …

Revere Capital completed The Hill, a $65 million, 149-unit Class A multifamily community in Los Alamos, New Mexico. The project reached completion after Revere assumed control during construction in 2025 and worked directly with Los Alamos County and the project’s general contractor to drive the development to a stabilized outcome.  “The Hill reflects what we …

Casino Del Sol, the resort enterprise owned and operated by the Pascua Yaqui Tribe, confirmed November 16 as the official opening date of Casino Del Sol, Vahi Taaʼam — the Tribe’s third gaming property. Located at 1055 W. Grant Road at Interstate 10, the 163,000-square-foot destination will include a 52,334-square-foot gaming floor that will feature …

Broadway Proper Assisted Living Community, a 232-bed assisted- and independent-living facility at 400 S. Broadway Place, sold for $52 million. The buyer was PropCo Holding of Irvine, California. The seller was Harrison Street Real Estate Capital. Realestatedaily-news.com reports Broadway Proper was built in 1998 on 6.5 acres in Tucson’s east submarket. The 389,728-square-foot property includes …

Diversified Partners is moving ahead with Destination at Gateway, a 163-acre power center development located at the new SR-24 interchange at Signal Butte Road in Mesa, Ariz. The project includes two distinct components: an auto mall development spanning approximately 80 acres, and an adjacent retail power center designed to serve one of the fastest-growing regions in …

Goldman Sachs acquired Broadstone Seventh Street, a 258-unit multifamily property in Phoenix. Commercial Search reports Alliance Residential Co. sold the asset for $81.4 million. Alliance developed the community and brought it online in 2025, with ORB Architecture overseeing the design. Previously called Broadstone on Seventh, the five-story community stretches across a 3-acre site at 5727 …

The Fillmore Building sold for $93.5 million. The Cherry Creek-area building was owned and developed by BMC Investments. BMC Investments first purchased the land for the building in 2019 for $12 million. The company broke ground on the development in 2022 and delivered the asset in 2024. Newmark’s Tim Richey represented BMC in the deal. 255 Fillmore comprises approximately 90,000 …

The Denver City Council approved a zoning request allowing a four-team joint venture to move forward with a development that would include nearly 700 new housing units and between 50,000 and 125,000 square feet of retail, commercial and hospitality space. Known as the Denver Spur development, the project covers 74 acres to the east of Peña …

The University of Colorado Board of Regents okayed $29.75 million for the purchase of Independence Place, a 25-story downtown office tower. The purchase price includes the 55-year-old tower, two annexes and three levels of underground parking. The building, which is 79% vacant, was owned by an Alaskan public pension fund, which paid $144 million for …

Opus Development Co. and an Ares Real Estate fund secured a $67 million refinancing loan for Kalaco in Denver. Kalaco, a six-story building located on 1.91 acres at 1010 West Colfax Ave. was completed in August 2024. Multihousing News reports Opus started construction on the property in March 2022. The development includes 9,755 square feet of retail space. The …