Arizona
Tucson-Area Life Sciences Building Delivers Near Record Price
Institutional Property Advisors (IPA) arranged the sale for the life sciences facility. The asset is subject to a 10-year, triple-net… Read more
STACK Adding Phoenix Data Center
STACK, a developer and operator of data centers, will develop a five-building, 230MW campus in the heart of central Phoenix.… Read more
Mill Creek Takes Modera Multifamily Brand to Phoenix
Mill Creek Residential has broken ground on Modera Kierland, a mixed-use apartment community in the Kierland neighborhood. The apartment units… Read more
San Antonio Hyatt Sold to Non-Profit
It was an experiment that gets mixed reviews. San Antonio provided the land and paid for the construction of the… Read more
Six Fast-Growing Cities with Fast-Growing Retail
More than two years after the first COVID-induced lockdowns, occupancy of new retail assets is now at an all-time high,… Read more
ViaWest to Revamp Phoenix Corporate HQ into Business Park
ViaWest Group has started knocking down walls at its latest development, Sight Logistics Park, along the I-10 corridor in Tempe.… Read more
Phoenix-Area Development Moving to Phase II
Scottsdale-based SimonCRE is planning a major expansion of its Prasada development with approximately 350,000 square feet of additional retail and… Read more
Empire Group Building 287-Unit BTR Community in Phoenix Suburb
Scottsdale-based developer, Empire Group recently closed on a 27-acre parcel in San Tan, twenty minutes SE of Phoenix, for approximately… Read more
Work-At-Home Concept “Dwell” Coming to Tempe
At Dwell Tempe, there will be 129 “attainable” housing units — priced for people making 80 to 120 percent of… Read more
Boston Financial Closes $164M LIHTC Fund to Support Affordable Housing in 13 States
Boston, MA-based Boston Financial, a syndicator of Low-Income Housing Tax Credits has closed the Boston Financial Institutional Tax Credits 57… Read more
Banyan/Milhaus Buy Phoenix Multifamily Project Site
Banyan Residential, along with national developer Milhaus, have acquired a 15.5-acre site in Phoenix. The team will develop a two-phased… Read more
Four Seasons Scottsdale Picked By Braemar Hotels for Record $267 Million
Braemar Hotels & Resorts has acquired the 210-room Four Seasons Resort Scottsdale at Troon North (Property) for $267.8 million ($1.28 million per key).… Read more
Westcore Lands Million SF Phoenix Industrial Campus
Westcore has acquired Central Logistics, a four-building, a one million square foot industrial campus in the Central Phoenix area in… Read more
Grapevine Okays Second Water Park Resort
Water parks are popping up all over. And they are no longer just overgrown swimming pools with a few slides.… Read more
Tucson Student Housing Project Sells for Near Record High
Vesper Holdings has acquired Sol y Luna, a two-tower, high-rise luxury student housing complex located in Tucson, Arizona. Vesper Holdings purchased… Read more
Two Texas Metros Lead the Nation in Apartment Sales
MSCI, a provider of real estate investment tools, has made public a survey on the leading towns when it comes… Read more
Howard Hughes Going Large in West Phoenix
The area west of Phoenix is exploding. Towns like Buckeye and Goodyear have seen double-digit year-to-year growth. The Phoenix area leads… Read more
Scottsdale Apartment Fetches $547,000/Unit
Institutional Property Advisors (IPA) arranged the sale of SeventyOne15 McDowell, a newly built, 274-unit multifamily asset in Scottsdale, Arizona. The… Read more
Jet Linx to Flaunt Enhanced Private Jet Terminal in Scottsdale
Jet Linx has completed its newly constructed private jet terminal in Scottsdale, Arizona. The new facility offers 3,000 square feet of… Read more