Arizona
Multi-Tenant, Suburban-Phoenix Office Complex Changing Hands
The busy (and getting busier) corridor of Hwy West 101 – near Interstate 10 – in Phoenix is seeing an… Read more
CapRock Breaks Ground on 3M-Sq-Ft Complex in Phoenix
With 183 acres and 3.4 million square feet of earth to move around, construction is underway for a speculative infill… Read more
SBREP’s Aggressive Investment Approach is Fueled by Robust Fundamentals
SB Real Estate Partners (SBREP) recently acquired Bloom 24, a 114-unit garden style multifamily community in Phoenix for $34.2 million.… Read more
Urban 188 and Urban 96 are Side-by-Side Properties Operating as One
A Canadian investor recently purchased Urban 188 and 96, apartment communities located at 1601 and 1545 W. Camelback Rd., respectively,… Read more
Wexford Taps C&W for Leasing of 850 PBC
Cushman & Wakefield has been engaged by Wexford Science & Technology LLC to provide leasing services for its recently constructed… Read more
SB Sells Two-Property Portfolio After Repositioning in Quick Order
SB Real Estate Partners (SBREP) recently completed the sale of a two-property 365-unit multifamily portfolio in Phoenix to Rise48 Equity… Read more
28-Story PALMtower is Underway in Downtown Phoenix
Design-build firm Clayco recently started construction of PALMtower, a new 28-story residential tower in downtown Phoenix. The structure is scheduled… Read more
All Phoenix Submarkets Stay Hot Due to Robust Market Fundamentals
Seven multifamily properties totaling 285 units in the Greater Phoenix area recently sold in separate transactions for $64 million. The… Read more
Within a Week of Listing, Team Receives Several Offers
A fully leased industrial asset comprising four buildings totaling 110,679 square feet recently sold in the Deer Valley submarket of… Read more
San Giovanni Acquisition Financing Has Many Bells and Whistles
Acquisition financing of $40 million was recently arranged for San Giovanni, a 300-unit multifamily property located in Phoenix. The 2001-vintage… Read more
Block 23 Sets PSF Record for Multi-Tenant Office Trades
Block 23, a mixed-use live-work-play asset in the heart of downtown Phoenix, recently sold to City Office REIT Inc. for… Read more
Three Tenants Ink Leases at Creative Office Complex LINK
Three newly signed leases totaling 22,359 square feet were recently inked at LINK, a creative office complex at 777 and… Read more
2233 Dunlap’s Purchase Price is a Fraction of Replication Cost
A 94,000-square-foot multi-tenant class-A office property in North Phoenix recently sold for $6.275 million. Located at 2233 West Dunlap Ave.… Read more
Deer Valley Last-Mile Logistics Building Sells for Nearly $75M
A newly developed 145,474-square-foot last-mile fulfillment/distribution facility on 34 acres in Phoenix recently sold for $74.7 million. Built in 2021,… Read more
With Lack of Cold Storage Options, Facility Fills Large Void in Phoenix
Bay Logistics recently leased 76,189 square feet at Central Logistics Cold Storage Center in Phoenix amid growing demand for high-quality… Read more
SCD Norterra Has Long-Term Bullish View on Phoenix
A suburban office building in north Phoenix totaling 144,800 square feet known as Norterra West Two recently sold to SCD… Read more
Taurus Aims to Transition Westover Parc to Energy-Efficient Complex
Taurus Investment Holdings LLC recently acquired Westover Parc, a 2002-vintage 160-unit class-A apartment community for a purchase price of $41.6… Read more
Med Office Building Gets Underway at The Grove on Camelback Corridor
RED Development and Banner Health recently began construction on a new single-tenant medical building at the mixed-use development, The Grove,… Read more
Phoenix Growth Fuels Multifamily Demand for Five Assets
Combined financing of $24.2 million was recently obtained for five multifamily properties, a hotel and a retail property in Arizona.… Read more