Arizona
We’re Looking for More of Commercial Real Estate’s Most Influential Women
Nominations for Connect CRE’s 2022 Women in Real Estate Awards have been open since the beginning of this month, and while industry response to date has been heartening,… Read more
Two-Property Tempe Apartment Portfolio Has New Owners
The two-property multifamily projects in Tempe include Omnia on 8th, with 188 units and the 181-unit Omnia McClintock. The combined… Read more
Executive Insights: Lument’s Vic Clark Discusses the Changing Apartment Property Market
Lument Research recently spoke with Vic Clark, Lument’s Senior Managing Director and Chief Production Officer, about developments in the multifamily… Read more
Two Camelback Corridor Multifamily Properties Sell for $15.68 Million
The 30-unit Olive Gardens and 25-Unit Village 28 sold separately. A CBRE team led by Derek Smigiel represented the buyer… Read more
Stream Realty Adds Property Management Exec to Phoenix Office
Tom Coughlin joined the national real estate and investment firm’s Phoenix office as the new Vice President of Property Management.… Read more
Q2 Industrial Marked by New Vacancy Lows, New Construction Highs and Double-Digit Rent Growth
Despite economic concerns, supply chain issues and geopolitical conflicts, the industrial real estate market in the United States continued its… Read more
Phoenix’s Tallest High-Rise Apartment Sells for $93.5 Million
The 184-Unit 44 Monroe is Arizona’s largest residential real estate tower. The property, built in 2008 for a reported $70… Read more
Tucson Apartment Property Trades for $165,948 Per Unit
The 232-unit Metro Tucson was sold to Vertical Street Ventures for $38.5 million. Institutional Property Advisors (IPA) advised the undisclosed… Read more
Ross Stores to Start Work on Distribution Center in Phoenix Suburb
Fast-growing Buckeye, Arizona will be the site for a new 1.7 million square foot Ross Stores distribution center. It will… Read more
Tucson Suburb Site for New Marriott Hotel
A new Springhill Suites is on its way in Marana, Arizona, five miles northwest of Tucson. The two acre site,… Read more
InTrust Properties to Update, Upgrade Central Phoenix Apartment Complex
InTrust Properties is converting the 1973-era Low Income Housing Tax Credit Community to a market-rate property. They say it will… Read more
Empire Group Acquires 40-Acre Parcel for Phoenix Build-for-Rent Project
The Empire Group liked the idea that a $12 billion semiconductor factory is opening up down the road from the… Read more
Schnitzer Properties Takes On Phoenix Business Park
Schnitzer Properties purchased the Westech Business Center I & II, a 225,333 square foot complex made up of seven buildings.… Read more
Nominations Are Open for Connect CRE’s 2022 Women in Real Estate Awards
For the sixth consecutive year, Connect Commercial Real Estate will honor women whose talent, drive, leadership and fresh ideas have… Read more
Camelback Corridor Office Trades For $34 Million
LPC, the Southwest division of Dallas-based Lincoln Property Company, purchased the 27 Camelback in 2017 and immediately renovated the building.… Read more
Decron Properties Makes Ninth Phoenix Metro Acquisition
Los Angeles-based Decron Properties paid $91 million for The Wyatt, a 216-unit garden-style apartment in Gilbert. The company has acquired… Read more
IndiCap, Invesco Venture to Build Phoenix Business Park
IndiCap is continuing its pursuit of Phoenix-area developments. This time they are joining up with Invesco to build the Virgin… Read more
Bascom Arizona Ventures Spins Off Tempe Townhome Rental Community
Dolce Villagio Lofts, a 37-unit multifamily asset was sold for $21.25 million or $574,324 a unit. Completed in 2007, Dolce… Read more
Taylor Street, JB Capital Partner on Lending Fund
Alternative credit manager JB Capital is partnering with Taylor Street for JB Capital’s Real Estate Lending Income Fund. The fund… Read more