Arizona
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
Last-Mile Amazon Distribution Center Sells in Tucson
Two teams from Cushman & Wakefield arranged the sale of the Amazon Last Mile Distribution building at 775 W Silverlake… Read more
Three Austin Student Housing Projects Financed by PGIM
PGIM Real Estate has provided $108.5 million in fixed-rate financing on behalf of its core investment strategy to a fund… Read more
Boldt Healthcare Real Estate Development Secures $30M for Medical Office Building in Madison
Boldt Healthcare Real Estate Development has secured $30 million to construct a four-story, 99,000-square-foot medical office building development in Madison,… Read more
Phase I of 7 Million SF Phoenix Business Park Underway
LPC Desert West and Harvard Investments have broken ground on Phase I of Goodyear AirPark, located on 565 acres adjacent… Read more
New $60M Solar Panel Factory to Open in Phoenix
JA Solar expects to invest $60 million into a new manufacturing facility in Phoenix. The new facility will produce high-performance… Read more
Shopping Center Vacancy Reaches Historic Lows
Retail shopping center real estate markets remained strong in the fourth quarter of 2022, as resilient demand drove shopping center… Read more
Phoenix Suburb Locale for New BTR Community
CBRE has secured $32.1 million in construction financing for the development of Legacy at Laveen Village, a 172-unit Build-to-Rent (BTR)… Read more
Bed, Bath and Beyond to Shutter 6 Arizona Stores
The balky economy is leaving a number of retailers in its wake. First it was Sears Hometown Stores, then Party… Read more