Arizona
Phoenix-Area Town OK’s Major Mixed-Use Agreement
The Peoria City Council has approved a tax incentive agreement for the development of Stadium Point at P83, an estimated… Read more
Celebrated Phoenix Office Campus to Receive Makeover
The new owners of the iconic Esplanade office buildings have announced plans to fully renovate and upgrade the renowned and prestigious… Read more
Q3 Industrial: Construction Reaches Record Territory, Demand Starts to Wane
U.S. industrial market third-quarter reports agreed on two things. First, construction continues climbing and is reaching record numbers. And second,… Read more
Vero Capital Spends $100M on Two Scottsdale Office Properties
Vero Capital returned to the scene of a previous purchase and closed the deal on the second of two Scottsdale… Read more
Gulfstream Takes Hangar Space in Phoenix-Area Airport
The 58,741 sq ft facility next to Phoenix-Mesa Gateway Airport is adjacent to the company’s new customer support center which… Read more
Knight-Swift Signs 127K-SF Lease at Brea Industrial Facility
JLL has represented Knight-Swift Warehousing & Fulfillment in a 127,000 square foot lease at the Imperial Distribution Center in Brea,… Read more
IPA Brokers for Two Tucson Rental Communities
Institutional Property Advisors (IPA) has brokered sales of two Tucson-area multifamily communities. Elevate, a 144-unit apartment property traded for $21.8… Read more
Phoenix BTR Community Fetches $511,000 Per Unit
The recently completed Orchards on 12th was acquired for $19,433,137 ($511,398/per unit) by an entity formed by The Carlyle Group… Read more
Avanti Acquires Phoenix Apartments for $65M
Avanti Residential has partnered with FCP in the acquisition of Omnia on Thomas, a 382-unit apartment community in Phoenix, for $65… Read more
Casa Grande Lands $250M Chemical Plant
KPCT Advanced Chemicals and Kanto Group plans to build an electronic grade sulphuric acid manufacturing plant in the Pinal County… Read more
Caliber to Develop 100 Acre Site Near Scottsdale
Caliber, an Opportunity Zone investor, purchased the lease rights for 100 acres of land to begin developing The Riverwalk Development… Read more
Mattel-Branded Theme Park Coming to Phoenix Area
Whether it be a pleasant excursion on the rails with Thomas, the Tank Engine or a wild ride on a… Read more
North Phoenix Flex Office Sells for $11.2 Million
Black Canyon Commerce Center, a 62,000 sf, multi-tenant flex office building in Phoenix, was acquired by Washington-based Evergreen Associates for… Read more
Shuttered Phoenix Mall Will Repurpose/Reopen
Metrocenter Mall originally opened in the 1970s and was often referred to as the “crown jewel” of the Valley of… Read more
MDH Partners Obtains $67M Acquisition Financing Loan for 900K-SF Industrial Portfolio
Atlanta, GA-based MDH Partners has closed $67.4 million in first-mortgage acquisition financing to support the MDH Estrella portfolio, which comprises… Read more
IndiCap JV Start Work on First of 10 Phoenix-Area Business Parks
IndiCap and AECOM-Canyon Partners have started work on the Eastmark Center of Industry, a 113-acre industrial park located near Gateway… Read more
1980’s-Era Phoenix Rental Property Trades for $91M
Institutional Property Advisors (IPA) arranged the sale of Trailside at Hermosa Pointe, a 336-unit multifamily asset in Phoenix. The property traded… Read more
West Phoenix Mixed-Use Project Starts Construction
Construction begins this month on Overland Group’s Avondale Commons, a 22.6- acre mixed-use development on the northwest corner of Avondale Boulevard… Read more
New BTR Community Coming to Phoenix Suburb
Family Development and Mosaic are working together on Town Germann, a gated, build-to-rent community located in Gilbert, Arizona. The 14.5-acre… Read more