Arizona
It’s Time to Nominate Commercial Real Estate’s Outstanding Attorneys
End-of-day on Friday is the deadline to submit nominations for Connect CRE’s third annual Lawyers in Real Estate Awards. We believe there are many strong candidates… Read more
CBRE: IE is Home of the Nation’s “Youngest” Warehouse Inventory
Continuing industrial demand and the advanced age of U.S. warehouses, 43-years on average, is spurring record construction activity, as e-commerce… Read more
Tower 16 Trades Two Tucson Apartments for $65 Million
San Diego-based Tower 16 Capital Partners, has sold a pair of multifamily assets in Tucson, Arizona, for $65 million to… Read more
Phoenix-Gateway Airport Tripling Terminal Space
Phoenix-Mesa Gateway Airport (Gateway Airport) is running out of room. Currently it has 10 gates squeezed into a 10,000 square… Read more
FCP Hires New Southwest-Area VP for Commercial Investments
Eric Mathias is the new Vice President for Commercial Investments for FCP. It’s a new position that will provide a dedicated… Read more
Blackstone Provides Tax Equity for Phoenix Affordable Housing Units
Blackstone is partnering with affordable housing developer Dominium on a 372-unit project in Phoenix. As part of this partnership, Blackstone… Read more
Northmarq Secures Construction Loan for Phoenix-Area Apartments
Thanks to a $33 million Northmarq-arranged construction loan, Crown Builders can soon get going on a 156-unit multifamily property in… Read more
Development Group to Build 15 Extended Stay Hotels in SW USA
Developer Concord Hospitality and private equity firm Whitman Peterson are partnering to build 15 Extended Stay America Premier Suites hotels.… Read more
ViaWest Moving Forward on 2 Million SF Phoenix industrial Park
ViaWest plans to commence construction on 82 acres of a 144 site it purchased in Glendale, just outside of Phoenix.… Read more
Vantage Data Centers Start Phase II of $1 Billion Phoenix-Area Expansion
Vantage Data Centers, a global provider of hyperscale data center campuses has begun the second phase of construction on its… Read more
Canyon Ranch to Open Austin Wellness Facility
VICI Properties Inc. (NYSE: VICI), a real estate investment trust has entered into a loan facility for up to $200… Read more
Graycor, Metro Commercial Finish Up 1.1 Million SF Phoenix Business Park
Developer Metro Commercial Properties and builder Graycor Construction Company have delivered the final industrial buildings at Metro East Valley Commerce Center in… Read more
Phoenix Rental Communities Trade for $238 Million
Azul at Spectrum and Borrego at Spectrum, a combined 624-unit multifamily community in Gilbert, sold for a combined price of… Read more
Odyssey Property Group Adds Third Arizona Asset
Odyssey Property Group acquired Nola on 50th, a 155-unit multifamily community located in the Arcadia submarket of Phoenix, Arizona, for… Read more
Tower Capital Finances Three Arizona BTR Properties
Tower Capital arranged $185.7 million in financing for four Build-to-Rent (BTR) developments that will result in 572 units delivered in… Read more
Calling for More Outstanding Commercial Real Estate Attorneys
Nominations have been streaming in for Connect CRE’s third annual Lawyers in Real Estate Awards, and we appreciate the positive response. However,… Read more
Phoenix-Area Shopping Center Goes to Tradewinds Capital
Tradewinds Capital LP has acquired Laveen Park Place, a 109,219-square-foot retail shopping center in Laveen, Ariz., for $40.3 million. Kitchell Corp. sold… Read more
Sedona Shopping Center Sells for $12.4 Million
The town best known for its red rock vistas, was home to a recent sale of one its most high… Read more
Prime Phoenix Office Building Leased Before Completion
It’s a pretty big deal in post-Covid America. The Grove, a 180,000 square foot office building was 100% leased out… Read more