Arizona
Stonemont, PCCP Acquire $1B Industrial Portfolio from Blackstone’s Link Logistics
Stonemont and capital partner PCCP have completed the $1-billion acquisition of a 38-building portfolio of industrial assets in key Sunbelt… Read more
Two Hyatt Hotels Planned at Scottsdale-Area Indian Community
A Hyatt Place and a Hyatt Studios are slated to be built on Salt River Pima-Maricopa Indian land near Scottsdale… Read more
205K-SF Luxury Car Garage Planned for N. Scottsdale
Toy Barn’s 205,000-square-foot, six-building luxury car garage location is on track to begin construction within the 124-acre Mack Innovation Park… Read more
MAG Capital Partners Trades Triple-Net Industrial Portfolio to Starwood Property Trust Subsidiary
MAG Capital Partners has completed the sale of more than 1.37 million square feet of long-term, net-leased industrial assets primarily… Read more
Phoenix BTR Investor Inks $73.1M Bridge Loan
Golden Horizons Enterprises inked a $73.1 bridge loan on Merrick on Camelback, a 334-unit built-to-rent community in Phoenix, Arizona. The… Read more
Diversified Helming San Tan Valley Development
Diversified Partners is advancing a new 24-acre mixed-use development at the southeast corner of Ironwood Road and Ranch Road in… Read more
Formation, Crescent Teaming Up on Phase II of 689K-SF Goodyear Warehouse Facility
A venture between Formation Interests and Crescent Real Estate has broken ground on Phase II of Formation Park 10, a… Read more
Mesa Entertainment Venue Reveals Open Date
The Nox, a new, large-scale live music and entertainment venue, is under construction in southeast Mesa, Arizona. It’s set to… Read more
Woodside Spins Off 100K-SF Glendale Office Campus
Woodside Health sold the Arrowhead Executive Center in Glendale for $25 million. Arrowhead Executive Center comprises 101,397 square feet of… Read more
PCCP Provides $51.8M Refi of Gilbert 236-Unit Multifamily Community
PCCP has provided a $51.8 million senior loan to a joint venture between Phoenix Capital Management and P.B. Bell for… Read more
Crescent Building 248-Unit Rental Property in N. Phoenix
Crescent Communities closed on a parcel of land for NOVEL Norterra, a new four-story multifamily community planned in northern Phoenix,… Read more
Phoenix Hopes to Kickstart Development Along Salt River
Looking down from above, the land running along the Salt River is a hodgepodge of service yards, sand-and-gravel operations, and… Read more
Phoenix-Area Tribe Inks Deal with Industrial Developer for 1M-SF Warehouse Facility
Majestic Realty Co. and the Salt River Pima-Maricopa Indian Community (SRPMIC) have agreed to a 99-year ground lease that will… Read more
Taiwan Semiconductor Adding Another $100B to Phoenix Chip Making Effort
Taiwan Semiconductor Manufacturing Co. (TSMC) plans to spend an extra $100 billion to grow its U.S. business. The company says… Read more
PGIM Trades Tucson-Area Assisted Living Center for $23M
The Watermark at Oro Valley, a 101-unit assisted living community at 9005 N. Oracle Road in Oro Valley, sold for… Read more
Cavan Spins Off Phoenix BTR Community for $112.5M
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… Read more
Dimension Moving Ahead on 3-Building N. Phoenix Industrial Park
Dimension Financial Realty and Investments hopes to add its footprint to burgeoning North Phoenix. The Phoenix Business Journal reports the… Read more
The Sunbelt and Multifamily: Oversupply Isn’t the Whole Story
For the past two years, one word has dominated conversations about the Sunbelt apartment market: oversupply. The numbers behind the… Read more
