Arizona
SkyPlus Secures Financing for Two Phoenix-Area 250K SF Industrial Buildings
CBRE has secured $42.7 million in construction financing for two industrial buildings that will be part of Skybridge Arizona’s master-planned… Read more
Downtown Tucson Hotel Converts to 366 Apartments
Scottsdale-based Sterling Real Estate Partners has started construction of Presidio Palms Apartments, a hotel-to-apartment conversion project located at 475 N.… Read more
Southwest Self-Storage Portfolio Trades for $266M
18 self-storage properties were included in the offering. The porfolio was sold by a joint venture of Phoenix-based Wentworth Property… Read more
Phoenix-Area Business Park JV Scores $160M Construction Loan
Square Mile Capital Management has originated a $160 million loan to finance the ground-up development of Goodyear AirPark Phase One,… Read more
Tucson Whole Foods-Anchored Center Sells for $31M
River Center neighborhood shopping center at River Road and Craycroft in Tucson sold for $31.1 million ($289 PSF). Anchored by… Read more
West Phoenix Apartment Community Trades for Nearly $50M
ABI arranged the sale of Dimension on 27th Apartment Homes, a 260-unit multifamily apartment community located in Phoenix, Arizona. The… Read more
Phoenix-Based Taylor Street Adds Business Strategy Executive
Louis Dettorre has joined Taylor Street Advisors as SVP, Director of Business Strategy & Operations. Before joining Taylor Street, Louis… Read more
Chandler Corporate Center I & II Trade for $22M
Mass Equities has completed its $22 million sale of Chandler Corporate Center I and II, two Class A mid-rise office buildings… Read more
Scottsdale Kierland Office Duo to Receive $29M Renovation
Two Scottsdale office buildings, making up over 400,000 square feet of rentable space, will get a $29 million facelift. Kierland… Read more
Proctor & Gamble to Build $500M Plant in Phoenix-Area Town
Procter & Gamble Co. has acquired 430 acres in Coolidge, Ariz., for the development of a new industrial property to support… Read more
Phoenix’s Iconic Metrocenter Mall Ready for $850M Redo
The developers of the Metrocenter Mall conversion have received their zoning and entitlements from the City of Phoenix, and now… Read more
Churchill Provides $55M Build Loan for Phoenix BTR Developer
Churchill Real Estate provided $55 million in construction financing for Empire Group to develop the Village at San Tan, a… Read more
Phoenix Commerce Center Sells for $42.4M
The Opus Group acquired the property on W. Warner Road in Tempe for $9.3 million a year ago. The Warner… Read more
Phoenix-Area Flex Office Building Fetches $17.2M
Norte at Chandler, an 85,797-square-foot, multi-tenant Class A flex office building in Chandler (Phoenix), Arizona was recently sold to Unite… Read more
We’re Looking for More Top Leasing and Sales Brokers
Early response has been positive for Connect CRE’s sixth annual call for Top Broker Award nominations. However, we’re looking for as wide a cross-section… Read more
Thompson Thrift Kicks Off Construction of Glendale Commercial Development
Thompson Thrift began of construction on the 12-acre commercial portion of a mixed-use development in the Phoenix suburb of Glendale.… Read more
Colliers Names Ryan Gillard as Senior VP in Irvine
Colliers has appointed 19-year real estate veteran Ryan Gillard as Senior Vice President to the Southwest Retail Capital Markets Team,… Read more
Tucson Developer Secures Loan for 114-Unit Project
Aerie Development has secured $38.65 million in financing for the construction of Aerie Northwest, a 144-unit multifamily property located at… Read more
Woodside Health Enters JV with Heitman on Medical Office Properties
Newmark arranged the recapitalization of a 10-property, 423,000-square-foot medical office portfolio spanning four states. Terms weren’t disclosed. The recapitalization will… Read more