Arizona
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
Phoenix-Area Liv Multifamily Community Goes for $116 Million
Institutional Property Advisors represented the seller and found the buyer for the Liv Crossroads, a 356-unit multifamily property in Gilbert,… Read more
EV Battery Maker to Expand Tucson Footprint
Sion Power Corporation, a leading technology developer of batteries for electric vehicles (EV), is taking over a 111,400 sq ft… Read more
Tucson Lands $1 Billion Battery-Making Plant
The Pima County (Tucson) Board of Supervisors Dec. 6 okayed a lease-purchase agreement with American Battery Factory to build a $1… Read more
EOS Fitness Locks in Three Houston Area Leases
EOS Fitness jumped on the California to Texas bandwagon earlier this year when they moved their headquarters from California to… Read more
Tucson Shopping Center Split in Two, Sold to Different Buyers
The seller thought Tucson’s Cortaro Plaza had more value split up than all together. The combined sales price for Cortaro… Read more
Taiwan Semiconductor Arizona Investment Going From $12B to $40B
Taiwan Semiconductor Manufacturing Company’s (TSMC) chip plant in North Phoenix is making an additional $28 billion of investment in Arizona,… Read more
AEW Capital Management, Flagship Healthcare Trust Acquire $80M Portfolio of ASCs
AEW Capital Management L.P., and Flagship Healthcare Trust, a Charlotte, NC-based healthcare real estate investment trust, have formed a joint… Read more