Arizona
Panattoni Pays $8.5M for Phoenix Industrial Site
A real estate fund advised by Irvine, CA-based Panattoni has broken into the Phoenix, AZ market with the $8.5 million… Read more
San Antonio’s Mixed-Use Creamery Adds Law Firms and Five Restaurant Choices
It’s a lot more fun than self storage. The Creamery building on 875 East Ashby was a drab industrial building… Read more
Houston-Area Investor Secures $300M for Value-Add Multifamily Assets
Houston-based Three Pillars Capital is not going for the Class A, high end multifamily communities. Instead, the private equity firm… Read more
Merchants Capital Secures $90M for Phoenix-Area Low-Income Housing
Roers Companys has secured $90 million in construction, permanent financing and Low-Income Housing Tax Credit equity for the development of… Read more
Mesa Site for New, Matching 250K SF Industrial Buildings
The developer, SkyBridge Arizona, began work on the first of two new buildings on Feb. 21, which will become a… Read more
Phoenix Retail Occupancy at 40 Year High
It appears that the Covid hangover is over, at least in the Phoenix metro area. Velocity Retail Group’s recent survey… Read more
Ecobat To Build C. Arizona Battery Recycling Plant
Ecobat will build its third lithium-ion battery recycling facility—and its first in North America—in Casa Grande, Ariz. The facility is… Read more
Phoenix-Based Rise48 Equity Riding “Workforce Multifamily” to Success
There are some folks out there who are able to turn lemons into lemonade. Even with increasing interest rates, there… Read more
Glendale Re-Ups Desert Diamond Arena’s Lease
The 18,300-seat Desert Diamond Arena no longer has a major anchor sports tenant after the city ended the NHL Coyote’s lease… Read more
Rise48 Equity Tries its 80’s Strategy Out in Dallas
Rise48 Equity is taking its unique niche on the road. The Phoenix-based company focuses on 1980’s product with 100-plus units.… Read more
Phoenix Metrocenter Mall Revamp Causing Ripple Effect
Retail and office complexes near the soon-to-be redeveloped Metrocenter Mall are being forced to keep up. Nearby Lake Biltmore Corporate… Read more
West-Phoenix Suburbs to Be Home to Two New BTR Communities
Family Development has plans to build two new luxury lease communities in Arizona: Villas Litchfield Park and Villas Goodyear. Construction… Read more
Eugene Rutenberg on Navigating the “Gauntlet” of 2023’s Capital Markets
As founder & CEO of Celestial Fund, Eugene Rutenberg is responsible for all facets of Celestial Fund I, LLC and… Read more
Hotel Sales Get 2023 Off to a Strong Start with Pricing Records
Following a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked… Read more
Multifamily Icon Doug Bibby Takes a Seat on Shelters to Shutters National BOD
Vienna, VA-based Shelters to Shutters has landed Doug Bibby, the recently retired president of the National Multifamily Housing Council, on… Read more
60’s Era Scottsdale Apartments Brings In $41.6M
When the Dwell Apartments Homes were built in the 60’s, Scottsdale was a dusty community known mostly for horse properties.… Read more
Glendale Sports and Entertainment Center Set to Grow
The City of Glendale has been at the center of the sports universe the past few weeks, serving as host… Read more
Modular Builder to Construct 321 Apartment Units in Glendale
It’s going to look a lot like your standard, commercial development. But Zekelman Industries has come up with a new… Read more
Semiconductor Supplier Rinchem Building Plant in Phoenix Suburb
Rinchem chose the site because of its proximity to the Taiwan Semiconductor $12 billion manufacturing plant in north Phoenix. It… Read more