Bright Green Spending $250M on NM Pharma Plant Facility Phoenix & Southwest + New Mexico + Industrial | March 18, 2024 Chandler Mid-Rise Rental Asset Sells for $94.5M Phoenix & Southwest + Phoenix + Apartments | March 15, 2024 Newmark’s Chris Canter Previews Panel Discussion for Upcoming Phoenix Multifamily & Single-Family BTR Conference Phoenix & Southwest + Phoenix + Apartments | March 18, 2024 FEATURED STORY Phoenix & Southwest CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. More Phoenix & Southwest Stories More Stories Connect CRE & Industry Events Load MoreMore Events Apartment buildings for saleCheck out the latest properties available on apartmentbuildings.com928 28th AvenuePhenix City, ALAtlanta & Southeast + ApartmentsListing Status:AvailableListing Type:Call for offersPrice:$3,600,000No. of Units:56Year Built:2004Lot Size:0.33999081726354 AcresOpportunity Zone:NoPrice per unit:$64,285Learn MorePine Ridge ColonyAlbertville , ALAtlanta & Southeast + ApartmentsListing Status:AvailableListing Type:Call for offersPrice:$3,500,000No. of Units:72Year Built:1986Lot Size:3.53 AcresOpportunity Zone:NoPrice per unit:$48,611Learn MoreBeachwood ApartmentsHuntington Beach, CACalifornia & West + ApartmentsListing Status:AvailableListing Type:Call for offersPrice:$8,990,000No. of Units:18Average Occupancy:3.37Lot Size:17625 AcresOpportunity Zone:NoPrice per unit:$499,444Learn MoreView all apartments Hone your competitive edge today with Connect Classroom, an accredited online Continuing Education provider offering CRE focused courses you can take on demand. Earn the credit you need with engaging, thoughtfully designed courses for commercial real estate brokers, appraisers, lenders, architects, and lawyers from a news source you already know and trust. Courses available now Explore courses Continuing Education Architect Courses We work with the industry's leading subject matter experts to create quality architect CEU courses from the ground up. Continuing Education Attorney Courses We provide quality CLE that is both easy and convenient to complete, backed with the best customer experience possible. Continuing Education Broker Courses Whether you’re starting a new career or skilling up, we have certified online courses for Real Estate Agents and Brokers. Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way. Connect with Creative Latest New Mexico Stories Bright Green Spending $250M on NM Pharma Plant Facility Phoenix & Southwest + New Mexico + Industrial | March 18, 2024 Bright Green Corporation signed an agreement with Dalsem Greenhouse Technologies BV for a $250 million construction project to expand the Company’s current research, production and extraction processing facility located in rural Grants, New Mexico. Bright Green is a licensed manufacturer of plant-based drugs and Active Pharmaceutical Ingredients (APIs) in the U.S. The proposed expansion will … $11B Financing Enables Massive NM Power Project Phoenix & Southwest + New Mexico + Industrial | December 28, 2023 If that sounds big, it is. Pattern Energy Group LP (Pattern Energy) has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history. Pattern boasts the project is bigger than Hoover Dam. The project broke ground in … Latest Arizona Stories Northmarq Helps Clipper Capital with Bullhead City Refi Phoenix & Southwest + Arizona + Apartments | March 12, 2024 A Northmarq Debt + Equity team led by Joe Giordani arranged the $17.9 million refinance of Stone Ridge Apartments. Located in Bullhead City, Arizona, the multifamily property was built in 1990 and features 204 units. Clipper Capital Group was the sponsor. The transaction was structured on a 10-year term with five years interest-only. The 10-year fixed … Arizona Fund Targeting Distressed Properties Phoenix & Southwest + Arizona + Apartments | March 11, 2024 A new fund will allow investors in Arizona and outside the state to invest in a fund targeted at Arizona distressed properties. Neighborhood Ventures has launched the Arizona Multifamily Opportunistic Fund to Capitalize on the increasing number of Distressed Properties. The new fund is open to accredited investors nationwide for a minimum of $50,000, while non-accredited … Connect TeamSarah QuinnCo-Founder & Vice PresidentEmily LettieriVice PresidentJohn HalloranVice President of Creative & MarketingView AllOur ValuesWe understand that we have different backgrounds, ethnicities, experiences, and geographies, and these differences are what make us unique and bring a variety of perspectives that will shine through.Minority SplitGender SplitLearn More Latest Phoenix Stories Newmark’s Chris Canter Previews Panel Discussion for Upcoming Phoenix Multifamily & Single-Family BTR Conference Phoenix & Southwest + Phoenix + Apartments | March 18, 2024 Newmark’s Chris Canter will be moderating a panel at the upcoming Phoenix Multifamily & Single-Family Build-to-Rent conference at the Westin Kierland Resort & Spa on April 18. Chris is a 13+ year veteran of the commercial real estate industry. He has been involved in the acquisition and disposition of over $2 billion in multifamily transactions totaling … Chandler Mid-Rise Rental Asset Sells for $94.5M Phoenix & Southwest + Phoenix + Apartments | March 15, 2024 The Alta Chandler at the Park, a 291-unit mid-rise multifamily asset has sold for $94.5 million, which represents $324,742 per unit. An Institutional Property Advisors (IPA) team led by Cliff David headed up the sale and found financing for the deal. IPA Capital Markets arranged $52 million in acquisition financing. Located within walking distance of The Park shopping … Latest Southwest Stories JV Spends $74M on Aurora Asset Phoenix & Southwest + Southwest + Apartments | March 14, 2024 The Bascom Group and Oberdorf Real Estate Management have closed on the acquisition of the 360-unit Hearthstone at City Center in Aurora for $74 million. The previous owner was Independence Realty Trust. The asset previously traded in 2015 for $53.4 million, according to Yardi Matrix. Hearthstone is Bascom’s 37th acquisition in the state and 10th acquisition in … Las Vegas’s Rio Hotel Revamped/Rebranded Phoenix & Southwest + Southwest + Hospitality | March 13, 2024 Phase I of Rio Hotel & Casino’s renovation program should be completed by this fall. Additionally, the hotel has joined Hyatt Hotels Corporation’s World of Hyatt loyalty program. The $350 million redevelopment package for the Rio includes the refurbishing of all of the 1,500 suites in the resort’s Ipanema Tower, one floor at a time, so that … Latest Stories FromMidCap Advisors Hires Paul Kanarek as VP, EducationDirect Investment | March 18, 2024MidCap Advisors, a NY-based M&A advisory firm to private companies, has hired Paul Kanarek as vice president of education. Kanarek brings more than four decades of experience in the areas of strategy, M&A, investor relations and communications. Leveraging his experience assisting global education companies to go public as well as privately refinance, he will lead ...City of Austin Commits $90M to 1st Direct Lending FundAlternative Assets | March 18, 2024The City of Austin Employees’ Retirement System, which oversees $3 billion in assets, hired its first private credit fund with a $90 million commitment. The pension fund is slated to invest 1% to 3% of assets in private credit/direct lending. Initially, the investment is to be classified as fixed income – investment grade credit under ...AS Birch Grove Expands Senior Team with Goldman AlumAlternative Assets | March 18, 2024AS Birch Grove, an alternative investment manager focused on corporate credit opportunities in North America and Europe, appointed Todd Duker as managing director as interest in the collateralized loan obligation (CLO) market continues to rise. Duker brings nearly two decades of experience in structured products and CLOs. He was most recently a senior member of ...Ballistic Blasts Past Target with $360M RaiseAlternative Assets | March 18, 2024Ballistic Ventures, a San Francisco-based firm focused on early-stage cybersecurity and cyber-related companies, closed its oversubscribed $360 million second fund aimed to “fuel the next generation of cybersecurity innovation.” Since the firm’s launch in 2022 and the close of its $300 million maiden fund, it has now invested in 18 companies addressing challenges such as ...