Arizona
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
288-Unit Phoenix Multifamily Project Sells for $75.3 Million
Rise48 Equity was the buyer of The Waterfront, a circa 1980 property. Pro Residential from Los Angeles was the seller.… Read more
Newly Revamped Phoenix Medical Building Nets $9 Million
A 24,800 square foot multi-tenant medical office building traded hands in a recent deal worth $365 a square foot. The… Read more
ZMR Breaks into Las Vegas Market with Multifamily Rental Buy
The 216-unit Sunridge marks the entry into the Las Vegas market for the Florida-based multifamily investment firm. “The Las Vegas… Read more
Tower 16 Sells Phoenix Property After 30 Month Hold
The California real estate investment firm bought the Loramont on Thomas Apartments in 2019 for $11.7 million. It sold the… Read more
Dallas-Based Mohr Capital to Develop Phoenix-Area Business Park
Mohr bought 46 acres in the Phoenix suburb of Surprise to build over a million square feet of industrial space.… Read more
White Paper: Pandemic’s Impact on Migration Less Than Expected
The pandemic may not have been nearly as big of a catalyst for movement as anticipated, foot traffic analytics firm… Read more
Battery Maker to Build $1.25 Billion Factory in Buckeye
KORE Power will break ground this fall on KOREPlex, a two million square-foot manufacturing plant. The company paid $29 million… Read more