Arizona
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
Value-Add Apartment Buyer Plans Major Revamp of Just-Acquired Phoenix Property
TruAmerica focuses on value-add properties that can be repositioned after performing the required renovations. And that’s exactly what they have… Read more
Taiwan Semiconductor Gives First Look at New $12 Billion Phoenix Plant
Taiwan Semiconductor Manufacturing Corp. (TSMC) got to show the world what the huge plant will look like this week. It’s… Read more
Music Company Sets Up in Last-Mile Industrial Building in Metro Phoenix
Sweetwater is a leading music technology and instrument retailer, and they ran out of room at their headquarters in Fort Wayne, Indiana.… Read more
SBREP Acquires 387-Unit Arizona Multifamily for $91M
Irvine-based SB Real Estate Partners (SBREP) has purchased Azura Apartments, a 387-unit, garden-style community in Phoenix, AZ for $91 million.… Read more
Job Numbers Outpace Housing Permits
The National Association of Realtors and Realtor.com report an ongoing shortage of housing in the United States. A just-released report… Read more
Two Goodyear Build-To-Rent Communities Bought by Illinois Investors
263-home TerraLane at Canyon Trails sold for $119 million and 148-unit TerraLane at South Mountain sold for $66 million. RSI… Read more
Matrix Equities Secures $39.35 Million Building Loan for Phoenix-Area Rentals
Highland Realty Capital secured the non-recourse construction loan for Innovation Villas in Maricopa, Arizona. The 80% Loan-to-Cost loan will go… Read more
Phoenix Apartment Complex Sells Across From Soon-To-Be Renovated Mall
The Azura Apartments, soon to be called Portola North Phoenix, is a 387-unit development across from the shuttered Metrocenter Mall.… Read more
Thorofare Capital Closes $20 Million Construction Loan for Scottsdale Self-Storage Facility
Raintree & Pima Self Storage Partners is using the loan to construct an 81,435 square foot, 944-unit climate-controlled self storage… Read more
Three-Building Logistics Portfolio Acquired by CBRE Investment Fund
The buildings are a combined 230,385 square feet, all in the South Airport submarket. That puts them close to the… Read more
Indianapolis-Based Thompson Thrift Buys 68 Acres For Phoenix-Area Industrial Project
Although they are based in Indianapolis, Thompson Thrift is no stranger to the desert southwest. It’s closed deals in Tucson… Read more
Connect Media Bolsters Editorial Team with New Hires
Connect Media, a commercial real estate news, events and creative services agency, has made new additions to its editorial team.… Read more
Senior Housing Project Changes Hands in Phoenix
The 15.3 acre Park Terrace Senior Living was purchased by the duo of Link Senior Development and The Roxborough Group.… Read more