Arizona
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
Cohen Continues Aggressive Dallas-Area Industrial Buying Strategy
Cohen Asset Management has purchased a newly constructed 698,880-square-foot industrial facility in Wilmer, Texas. Cohen acquired the asset from its previous… Read more
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