Arizona
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
Former Tucson Sears Store Sells to Joint Venture
The Tucson Sears Store was built in 1965. It closed in 2018. Since then, 25% of it has been leased… Read more
Stonelake Capital Holdings Acquires $58M Nashville Industrial Park
Dallas, TX-based Stonelake Capital Holdings, LLC, has paid $57.5 million to acquire Space Park East, a five-building industrial park in… Read more
Tower 16 Unloads Phoenix Apartment Complex After Brief Hold
Tower 16 Capital Partners has sold Obsidian on Ocotillo Apartments, a 232-unit multifamily project, for $56.4 million. The property was… Read more
FlexHQ Acquires Denver Warehouse for New Concept
While news of million square foot industrial buildings is becoming more common, an equally common trend is to go small.… Read more
The Texas CRE Company Formerly Known as NAI Partners is Now Partners
Partners has elected to not renew affiliation with NAI Global. In addition, Partners will add a Dallas office to its… Read more
MG Properties Expands Arizona Presence with $107M Deal
San Diego-based real estate company MG Properties has purchased the 2150 Arizona Avenue South Apartments in the Phoenix submarket of… Read more
New Flex Warehouse Concept Opens In Phoenix
Capstone Equities launched its Portal Warehousing concept last year, a sort of flexible warehouse solution offering the smaller spaces and… Read more
Empire Group Expanding BFR Concept to Colorado, Texas
Empire Group of Companies is taking its Village concept for build-for-rent homes on the road. The Scottsdale-based developer recently purchased… Read more
Ambitious Medical and Innovation Campus Moving Forward in Phoenix Area
Development plans were announced to build a $762 million multi-purpose campus — including a life science and innovation center, a… Read more
KKR Adds 600,000 sf Industrial Park to Phoenix Portfolio
This latest transaction takes KKR’s Phoenix portfolio to over 3 million square feet of industrial space. 101 at Van Buren… Read more
Empire Group to Construct Hutto BTR Community
Arizona-based Empire Group has acquired 30.6 acres in the northern Austin suburb of Hutto for the construction of 276 built-to-rent… Read more
Berkadia Assists Phoenix Developer on Two New Projects
Berkadia sourced both a joint venture partner and a preferred equity provider for developer Moderne to build two new Phoenix… Read more
Northmarq to Acquire Stan Johnson Company
Northmarq said Wednesday it had entered into a definitive agreement to acquire Stan Johnson Company, (SJC) a real estate brokerage… Read more