Arizona
Land Deal at Tempe Town Lake to Kickstart Mixed-Use Development
The transaction paves the way for a $1.8 billion mixed-use development project recently approved by the Tempe City Council. The… Read more
NextGen Spins Off Mesa Apartment Complex
The 104-unit Craft @ Gilbert & Baseline was sold for $45 million, or $432,000 a unit. The sale occurred in… Read more
CoreLogic: Home Prices Continue Climbing
In the face of increasing mortgage rates, home prices across the United States increased by 20.2% year over year in… Read more
Tucson’s Massive Hilands Changes Hands
It’s a well known Tucson property, situated on the way up to the affluent Catalina Foothills. Besides its views, it’s… Read more
Two Prime Scottsdale Office Buildings Sold Off
The Terra Verde I and Tower at Scottsdale Landing were bought by Edgewood Real Estate Investment Trust for $85 million.… Read more
Self Storage Specialist Breaks Ground on New Las Vegas Facility
DXD Capital is building a new three-story, 1,163-unit facility located at 9580 W. Flamingo Avenue. It’s the third development in… Read more
Atlanta’s MDH Partners Finalizes $1.26B Sale of 58-Property Logistics Portfolio
Atlanta, GA-based MDH Partners has closed the $1.26-billion sale of its Sunbelt Logistics Portfolio to a global institutional investor. MDH… Read more
Phoenix Office Market, While Still Robust, Shows Signs of Fatigue
A recent Kidder Mathews survey shows that although leasing volume picked up over the last year, the office market experienced… Read more
North Phoenix High Street Announces Ownership Change, Expansion Plans
The over-600,000 square foot mixed-use project is adjacent to the Desert Mirage Marketplace and JW Marriott Desert Mirage Resort and… Read more
Greystar Begins Building Phoenix-Area 2 Million Square Foot Industrial Park
The park is going in at the corner of Sossaman and Pecos Roads in Mesa, Arizona. It’s being called Gateway… Read more
Scottsdale Office Asset Sells for $264 a Square Foot
The 126,000 square office development in the high-end Gainey Ranch area of Scottsdale sold for $33 million dollars. Alturas Gainey… Read more
Minneapolis Industrial Investor Meritex Closes Fund IV After Reaching $100M Target
Minneapolis-based industrial investment firm Meritex has closed the commitment period for Meritex Industrial Fund IV with the fund achieving its… Read more
Phoenix Famed Biltmore Commerce Center Acquired by George Oliver
George Oliver has put his stamp on a number of posh Phoenix-area addresses, taking over projects such as the Arbor… Read more
Southern Arizona Rental Property Fetches $46.5 Million
The 252-unit Port Royale is in Sierra Vista, about an hour south of Tucson. The selling price equates to $184,454… Read more
Q&A with MetroGroup’s J.D. Blashaw: The Rise of MOBs & the Future of Lending Within This Asset Class
As medical office buildings (MOBs) garner more hype and media attention as “the darling” of current investment portfolios, Connect spoke… Read more
Tempe Okays New Hines Office Development
The Tempe City Council recently approved The 250 Rio development, which will include 216,000 square feet of high-end offices and… Read more
$77 Million Loan Used to Acquire Austin’s Centro South
The nearly 165,000 square foot office is 96% leased, with Australian software developer Atlassian as the anchor tenant. PGIM provided… Read more
Award-Winning Office Sells in Gilbert
The Collab was sold by Creation, a Phoenix real estate investment firm. The sales price was $20.2 million, more than… Read more
110-Unit Phoenix Apartment Goes For $21 Million
The Summit on Thomas has been sold to Cowabunga LLC for $190,000 a unit. Rise48 was the seller. The property… Read more