Arizona
Phoenix-Area Hotel Repurposed for Apartment Rentals
Caliber Companies was given the okay to redevelop an under-performing Phoenix-area resort property into a mixed residential rental community. Acquired… Read more
Tucson to Get Downtown-Area Hotel and Casino
The Pascua Yaqui Tribe currently has two hotel/casinos on the outskirts of Tucson and now they have started actively planning… Read more
Dallas, Houston Lead Nation in Apartment Sales
Two Texas metro areas led the nation in apartment deals in the third quarter of 2022. Dallas posted the most… Read more
Scottsdale-Area Tribal Nation Site for 500K SF Mixed-Use Project
The Salt River Pima Maricopa Indian Community runs right up against one of the most desired shopping and entertainment destinations… Read more
Discount Tire to Build 300,000 SF Phoenix HQ
Discount Tire plans to develop a new corporate headquarters in Phoenix following the acquisition of 35 acres located near Loop 101 and… Read more
Phoenix BTR Builder Obtains $368K Per Unit
Builder Taylor Morrison built the Mesa build-to-rent (BTR) community just this year, and has now sold it to Ellsworth Housing… Read more
Optima Moving Forward on $1 Billion Scottsdale Mixed-Use Community
Optima has locked up all the needed approvals and will start work on its one billion dollar mixed-use community called… Read more
Two Tucson Walgreen’s Properties Swapped for Nearly $10M
Project Capricorn Fund V was the buyer of the two Tucson locations. The fund has been investing in Walgreen’s stores… Read more
Nearly 100K SF Tucson Shopping Center Fetches $22M
SRS Real Estate Partners has completed the $22 million sale of Silverbell Plaza, a 97,540-square-foot retail center located at Silverbell… Read more
Crowdfunding Venture Sells Phoenix Apartments, Secures 12% for Investors
Crowdfunding company, Neighborhood Ventures, has sold one of its investment properties, Venture on 19th in Phoenix after holding it for… Read more
Glendale OK’s $600M Business Park
The Glendale City Council has given Suburban Land Reserve their blessing to build a 4.4 million square foot, $600 million… Read more
Tucson Leads Nation in Hotel/Office-to-Apartment Conversion
Three Tucson hotels have been bought in 2022 for the sole purpose of converting them into apartments. A fourth one-time… Read more
Prescott Valley Latest Target of BTR Builders
Arizona’s growing Prescott Valley will be the site for 240 new build-to-rent units. Mosaic and Atlantic Jasper have broken ground… Read more
Banyan Residential Expands its Phoenix-Area SFR Pipeline
Banyan Residential has acquired two Single Family Rental (SFR) communities in the last two months. They paid $19.5 million for… Read more
Las Vegas Value-Add Rental Community Yields 162K/Unit
Sunstone Properties from California purchased the Sutton Place apartments in Las Vegas for $37 million from the Bridge Investment Group… Read more
Iconic San Antonio Tower Life Building Converts to Housing Units
The downtown San Antonio Tower Life Building is a symbol of a bygone era, having been built in 1929. Its… Read more
JLL Arranges Construction Loan for Phoenix-Area BTR Community
JLL Capital Markets has arranged a $30 million construction loan for Villas Litchfield Park, a 153-unit, build-to-rent community outside Phoenix.… Read more
Northmarq Plays Part in Canny Phoenix Apartment Sale
Five Door Plus was able to assume an existing Freddie Mac Loan with an attractive rate for an apartment that… Read more
Albuquerque Ranks #1 Top as Cheapest CRE Investment City
With the cost of commercial real estate and borrowing both on the rise, the search is on for investments and… Read more