Arizona
Tucson Apartment Property Trades for Nearly $30M
Casas Adobes Apartments, a 204-unit multifamily property at 6200 N. Oracle Road in northwest Tucson, sold for $28.7 million. … Read more
Site Secured for Massive UA Student Housing Project
Transwestern brokered the sale of 1815 E. Speedway Blvd. in Tucson, Arizona, a 2.5-acre site situated at the gateway to… Read more
TerraCap Picks Up Arrowhead Apartments for $82.15M
TerraCap paid $82.15 million for the Tresa at Arrowhead, a 360-unit multifamily community located in Glendale, Arizona. CBRE’s Asher Gunter, Matt Pesch, Sean… Read more
Phoenix Investment Group Converting Sheraton Crescent to Apartments
Foundation 8 purchased the troubled Sheraton Crescent in Phoenix, and plans to convert the hotel units to 1,786 apartment units.… Read more
QTS Tapping Two Phoenix Data Centers for Refinancing
Blackstone’s QTS Data Centers is aiming to secure a $510 million financing package, backed by three data centers, two in… Read more
Industry Groups Pan BTR Investment Ban in Senate Housing Bill
The U.S. Senate voted Thursday to enact the ROAD to Housing Act, legislation that industry groups applauded when it was… Read more
Vestar Triggers Two AZ State Land Auctions
The $65 billion Taiwan Semiconductor Manufacturing Company plant in North Phoenix remains a magnet for development. The Phoenix Business Journal… Read more
Trident Capital Scores Refi for Scottsdale Retail Center
Trident Capital Partners secured a $13.25 million refinancing for the owners of Scottsdale Towne Center on Frank Lloyd Wright. Vestar… Read more
EastGroup Eyeing 1M-SF Frisco Industrial Venture
EastGroup Properties plans to build a 98-acre warehouse development along SH 121 received the blessing from the Frisco City Council.… Read more
“Small-Format” IKEA Opening in Phoenix
A small-format IKEA is getting ready to open at the Village Square II shopping center at 4643 E. Cactus Road.… Read more
40-Room Sedona Hotel Scores $37M Refi
Ambiente, Arizona’s only Two MICHELIN Key hotel, inked a $37 million refinancing for the adults-only property. The non-recourse loan was… Read more
Hamilton Zanze Offloads Glendale Rental Asset for $82.2M
TerraCap Management has acquired Tresa at Arrowhead Apartments, a 360-unit community in Glendale. Hamilton Zanze & Co. sold the asset… Read more
Work Underway on $3.2B Phoenix-Area Rail Hub
Groundwork has begun on the site of BNSF’s proposed, $3.2 billion Logistics Park Phoenix rail hub in Wittmann. Grading was… Read more
Flagstaff Affordable Housing Project Adds New Wrinkle
Sierra on 66, a 221‑unit community, has opened in Flagstaff. The development is available to households earning up to 60%… Read more
Manufacturing Investment, By the Numbers
Amid all the noise about onshoring, reshoring and bringing manufacturing back to the U.S., are the numbers. According to Newmark’s… Read more
Wentworth Picks Up 238K-SF Office Campus Near TSMC
Workspace Property Trust has offloaded a 238,000 square foot office complex on Phoenix’s north side. Wentworth Property paid $26.7 million… Read more
Vintage Partners Looking at W. Phoenix Mixed-Use Venture
Once Phoenix changed its policies on where data centers would be a good fit, Vintage Partners decided a 63-acre parcel… Read more
Former Fiesta Mall Site Adding Two Hotels
Sunny Day Sports announced plans Monday for two new hotels at the former Fiesta Mall site in Mesa. Called the… Read more
Phoenix Continues Industrial Market Dominance
Greater Phoenix continues to shine as one of the nation’s top-performing industrial markets. Strong tenant activity heading into 2026 indicates… Read more