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 …

The Watermark at Oro Valley, a 101-unit assisted living community at 9005 N. Oracle Road in Oro Valley, sold for $23 million. The buyer was Steller Senior Living. The seller was PGIM Real Estate. Built in 2018, the two-story assisted living facility contains 83,059 square feet on 3.42 acres in the Shadow Mountain Estates area. …

Cavan Cos. has sold The Bungalows on Camelback, a 334-unit, build-to-rent asset in Phoenix, for $112.5 million. That comes out to about $337,000 a unit. A private individual acquired the property. This deal marked the biggest single-asset BTR sale in the metro’s history. Located on more than 29 acres at 4747 N. 99th Ave., The Bungalows on …

Looking down from above, the land running along the Salt River is a hodgepodge of service yards, sand-and-gravel operations, and vacant desert that often serves as a dumping ground. The city of Phoenix wants to change that. The Phoenix Business Journal reports that it’s firming up land-use policies and identifying key sites within a 4,000-acre …

A joint venture between Trinitas Ventures and Harrison Street Asset Management obtained a floating-rate bridge loan to refinance Atmosphere Tempe, a 530-bed student housing community in Tempe, Ariz. TSB Capital Advisors arranged the deal, while PGIM originated the debt. Multifamily News reports that previous financing included a $63.5 million loan from BMO Bank. The developers …

The Point Partners (TPP), a private development team led by Lincoln Property Company, Colmena Group and Wadsworth Development Group, broke ground on The Point’s first vertical development project, marking the start of the 104-acre downtown district in Draper. This is the first chapter of a broader multi-phase, 600-acre vision for housing, jobs, retail, restaurants, entertainment, health …

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 …

UCHealth purchased Greenwood Plaza, a two-building office pair at 6550 and 6560 Greenwood Plaza Blvd., in Greenwood Village. The Denver Business Journal reports the healthcare company paid $19.3 million for the properties. UCHealth plans to consolidate its administrative functions at the buildings over the next two years, in an email. The two buildings total approximately …

Cushman & Wakefield arranged the $30.3 million sale of a three-property retail portfolio, including Cottonwood Square in Parker, Bristol Pointe in Aurora and Foothill Green in Littleton. The portfolio totals over 100,000 square feet of retail space. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller, Western Centers, Inc. The property was …

The Las Vegas Diamond Arena group completed the purchase of an additional 3.03 acres on the Las Vegas Strip, cementing the project’s position as a fully entitled and development-ready destination for a future NBA franchise. In addition, Chetak Development, Inc. has acquired property immediately south of Four Seasons Drive for the development of a private jet terminal. The parcel is …

Partners Group and ViaWest Group secured $122 million in bridge financing for The Base, a newly constructed, seven-building industrial campus totaling 1,182,865 square feet in Glendale, Arizona, through Pacific Life Insurance Company. Construction of all buildings and make-ready tenant improvements was completed in early 2026. At the northwest corner of Litchfield Rd. and Bethany Home Rd., …