Arizona
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
Yelp Shuttering Offices in NYC, Chicago and DC in Move to Remote Work
Online review company Yelp will shutter its “most consistently underutilized” offices in New York, Chicago and Washington, DC and downsize… Read more
Tucson Multifamily Asset Sells for $28 Million
Next to Davis/Monthan Air Force Base and Tucson International Airport, the Palomino Crossing is near employers with over 10,000 workers.… Read more
Lincoln Property Group to Develop Million Square Foot Industrial Park in Tucson
LPC Desert West, a division of Dallas-based Lincoln Property, is building a four-warehouse project on 77 acres in Tucson. I-10… Read more
Buckeye’s Funko Distribution Center Commands $130 Million
Creation sold the 860,000-square-foot industrial building to a venture made up of Cohen Asset Management and Intercontinental Real Estate Corporation.… Read more
Phoenix’s Foothills Corporate Centre Sold, Will Take on New Look
The 110,000-square-foot office was sold by SDC Foothills and the buyer was WG Group. This is WG’s first foray into… Read more
38-Year Old Scottsdale Apartment Fetches $74.75 Million
Atlanta-based Cortland paid $370 a unit for the 202-unit Centerra community in Scottsdale. The property was sold by a partnership… Read more
Target Will Backfill Former Sears at Macerich’s Danbury Fair
Macerich is bringing a new Target store to Danbury Fair, in Connecticut’s Fairfield County. The 126,000-square-foot, two-level Target store will… Read more
Colorado Springs Retail Center Goes for $21.4 Million
The 155,000 square-foot Centerpointe Plaza changed hands for $138 a square foot. The shopping center was sold by Kinetic Development,… Read more
High-End Retail Center Changes Hands in Tucson
Paloma Village Center sold for $18.4 million, or $480 a square foot. Situated on 12 acres, the 38,347 square foot… Read more
CARROLL Acquires Three Sun Belt LP Deals with Collective Price Tag of $200M
Atlanta, GA-based CARROLL has acquired three limited partnership deals across NC, TX and AZ for a combined purchase price of… Read more
Phoenix Papago Plaza Taking on New Look
Pivot Development thought it was important to maintain the 60’s-era Pueblo styling in its new incarnation of the South Scottsdale… Read more
Scottsdale Mall New Site for Multifamily Community
Withey Morris, the owners since 2017, now say that a portion of the Scottsdale Towne Square will be repurposed. The… Read more
Hutto Offering up $118 Million in Tax Breaks For Applied Materials Project
Documentation submitted to the Texas comptroller’s office revealed that the chip maker was applying for state-sanctioned economic incentives. Applied Materials… Read more