Arizona
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
New Rental Home Community Coming to Gilbert
Continental Properties is calling its latest build-to-rent community Avanterra Town Square. It will include 102 single-family home rentals with the… Read more
San Bernardino Net-Leased Market Sells For $8M
Hanley Investment Group has announced the sale of a single-tenant net-leased investment occupied by Cardenas Markets in San Bernardino, CA.… Read more
Ashcroft Forges Multifamily Partnership with Goldman, Blackstone Funds
New York City-based multifamily investment firm Ashcroft Capital has closed on a strategic partnership with institutional investors including investment funds… Read more
Fairmont Hotel to Anchor Downtown Phoenix Project
The 25-story Fairmont Phoenix will be the showpiece of a mixed-use development in downtown Phoenix. It will feature 225 guest… Read more
A Turning Point in the Housing Market?
Very, very, very slight signs are signaling potential change in the single-family housing market. Specifically, Realtor.com’s prediction is that May… Read more
TMR Closes Sale of Arizona MultiFam
Seattle-based Thayer Manca Residential (TMR) has announced the sale of The Ventura Apartments, a 272-Unit property in Chandler, AZ. Details… Read more
Phoenix-Area Deer Valley Medical Center Sells for $20 Million
The five-story Optum Center was sold to Cleveland-based Woodside Health Development for $244 a square foot. Talia Jevan Properties of… Read more