Arizona
Food Distribution Center Coming to Tucson Suburb
Shamrock Foods Company, a 100-year-old, family-owned Phoenix-based company, has acquired 81 acres from Crown West Residential Group at The Crossroads… Read more
Scottsdale OK’s Two Multifamily Mid-Rises
ZOM Living received approval from the Scottsdale City Council to build two, free standing apartment mid-rises along with some retail… Read more
Shopoff Acquires 270-Acre Industrial Site in AZ
Irvine, CA-based Shopoff Realty Investments has acquired 270 acres of land in the Phoenix submarket of Mesa, AZ. The purchase… Read more
Fourth of Four Phoenix Multifamily Properties Sold by KKR
The $68.5 million sale of Ponderosa Ranch, a 272-unit, multifamily real estate community in Tempe, Arizona was the last remaining property… Read more
Once-Struggling Goodyear Retail Center Rebounds, Changes Hands
TriGate Capital has sold off the Canyon Trails Towne Center, a 90-acre shopping center in Goodyear, Arizona, but not before it had… Read more
Phoenix Camelback Corridor Classic Sells for $61.8 Million
The classic Camelback Center on the Camelback Corridor sold for $61.8 million. The 236,553 square foot, nine-story building received a… Read more
Contour Receives Financing for Phoenix-Area Business Park Buildout
A joint venture led by California-based Contour, received $99 million in construction financing for the five-building first phase of the Sossaman… Read more
Tranwestern Tabs Steinmetz to Head West Region Marketing
Transwestern Real Estate Services has hired Andrew Steinmetz as Regional Marketing Manager for the West. Based in San Francisco, Steinmetz… Read more
Ojos Locos Cantina Hooks Up With Las Vegas Casino
The Ojos Locos Sports Cantina y Casino at Hotel Jefe will debut in North Las Vegas by the end of… Read more
Thompson Thrift Picks Up 35 Acres for Gilbert Mixed-Use Project
Thomson Thrift plans to develop The Gilmore, a mixed-use project with apartment homes and more than 200,000 square feet of… Read more
Vintage Phoenix Apartments Acquired for $80.75 Million
Harbor Group International (HGI) acquired the Colter Park Apartments, a 384-unit multifamily property located in Phoenix, for $80.75 million. The apartment community was… Read more
GIC, Oak Street to Acquire STORE Capital for $14B
Net lease REIT STORE Capital Corporation (STOR) said Thursday it had entered into a definitive agreement under which GIC and… Read more
Scottsdale Developer Secures Tricky Construction Loan for Apartment Project
A Scottsdale, AZ-based commercial developer, Silver Creek Development, has obtained $57.9 mil in construction financing for a 187-unit multifamily development… Read more
Newmark Aids in Flip of Gilbert Office Asset
The 149,321 square-foot office complex, The Reserve at San Tan sold for $53.1 million ($355/ft). The project, built in 2020… Read more
Glendale, Arizona Apartments Fetch $326,923 Per Unit
Greenlight Communities has completed the sale of Cabana 99th, a multifamily community in Glendale. B&R Capital Partners and American Landmark… Read more
Berkadia Arranges Sale of High-End Houston High-Rise Rental Asset
Berkadia arranged the sale of Chelsea Museum District, a 325-unit multifamily high-rise in Central Houston. A Berkadia Houston team led… Read more
50’s Era Phoenix Hotel to Get Modern Touch
EV Hotel Group is planning to open one of its first automated, technology-focused hotels in downtown Phoenix. The new multi-story… Read more
Fundamentals Continue Driving Self-Storage Success
The self-storage sector continues to enjoy sustained growth, thanks to various demand fundamentals. According to Marcus & Millichap’s just-released Self-Storage… Read more
Half of Iconic Tucson Highrise Office To Convert to Hotel
Opwest Partners has partnered with Tucson-based Iridius Capital to open a hotel inside the 23-story One South Church building, in early… Read more