Arizona
ViaWest Expands Phoenix Footprint
ViaWest Group acquired a six-building Phoenix industrial portfolio spanning a total of 428,427 square feet. The $71.1 million deal was financed… Read more
Diversified Helming Mesa Mixed-Use Project
Diversified Partners broke ground on a new mixed-use development on the corner of Elliot and Ellsworth roads. A 107-key Cambria… Read more
Developer Looking at Roosevelt Row for Apartment Highrise
Roosevelt Row, known in Phoenix as an arts district, may soon be home to a 30-story mixed-use tower. Mainstreet Capital… Read more
Phoenix Rental Community Sells for $530K/Unit
A newly constructed 16-unit luxury apartment community in Phoenix was recently sold for over $500,000 a unit. A Las Vegas-based… Read more
Westin Tempe Goes to Auction
The owner of the Westin Tempe can’t make the loan payments, and unless something changes soon, it faces a foreclosure… Read more
NY Developer to Bid on Massive AZ Land Offering
At the behest of New York-based Mack Real Estate Group (MREG), the Arizona State Land Department has agreed to auction… Read more
Mall Owner Eyes 10-Story Camelback Office Tower
Mall owner Macerich is considering building a 140-tall office tower at one of its mall locations. The company is looking… Read more
Phoenix Retail Sector Sets Blistering Pace
Phoenix saw a strong finish to the year with 2.3 million square feet of retail space under construction in Q4… Read more
Amkor Adding $2B Factory, 2,000 Jobs to Phoenix
Amkor plans to construct a packaging and testing facility in Peoria. Amkor estimates it will invest around $2 billion and… Read more
Phoenix’s Central Park Seeking P&Z OK
Central Park would be made up of a 21-story residential tower; an 18-story office tower; a market/grocer space with an… Read more
Sam Fox’s 141-Room Global Ambassador Opens Doors
Sam Fox is known for his hand in the success of nearly a dozen restaurant concepts, Zinburger, Culinary Dropout, Sauce,… Read more
Work Underway on 60-Unit Phoenix Senior Housing Project
Pennrose Properties has broken ground on Garfield Housing Phase II, a 60-unit affordable housing project for seniors in Phoenix. The development… Read more
Apartment/Hotel Units Slated for Downtown Phoenix
Two eight-story buildings, one a multifamily community and one a hotel, will soon be going up on South 13th Street… Read more
Park Central’s Redo Underway
Park Central’s comeback from near oblivion has taken some major steps recently. Plaza Companies and Tucson’s Holualoa Companies have teamed… Read more
Phoenix Office Complex Adding Apartment Units
Covid forced several real estate investors to get creative. One byproduct is the trend of mixing multifamily housing with office… Read more
Toll Brothers Helming 456-Unit N. Phoenix Apartment Development
Toll Brothers Apartment Living is teaming up with Willton Investment Management on the development of Lumara, a 456-unit luxury community in Phoenix.… Read more
Vacant Westside Sears Building To Become Entertainment Venue
Another Phoenix mall will transform into something much different. Over half of the town’s regional malls have been repurposed in… Read more
McKesson to Open 300K SF Phoenix Warehouse
A Prologis-constructed industrial building will likely house a leading healthcare company. McKesson is expected to move into a 300,000-square-foot warehouse… Read more
Phoenix-Area LA Fitness Building Fetches $9.5M
Matthews Real Estate Investment Services sold the LA Fitness located at 4836 E Chandler Blvd, Phoenix, for $9.5 million. Senior… Read more