Arizona
It’s Time to Submit Your Nominations for 2022 Top Mortgage Brokers & Lenders
Connect Commercial Real Estate’s second annual Top Mortgage Brokers & Lenders awards program has seen a strong industry response to… Read more
CRG Raises $450M in Equity Toward New Projects
CRG, the development arm of Chicago-based Clayco, has completed fundraising for a $300-million equity fund that will invest in its… Read more
Largest Complex Made of Shipping Containers Opens in June 2022 in Phoenix
The IDA on McKinley is a six-story, 19 unit apartment made up entirely of shipping containers. Local Studio’s Brian Stark… Read more
LG Building $1.4 Billion Battery Plant Outside Phoenix
Queen Creek Arizona will be the site of the South Korean company’s next battery plant. The town gave the project… Read more
Classic Phoenix Apartment Sells for $51.3 Million
The buyer of the Madison Grove, Brass Enterprises, paid $300,000 a unit for the 1976-era project. IPA’s Steve Gebing represented… Read more
Two Build-To-Rent Projects Coming to Metro Phoenix
Blue Vista Capital is hoping to develop two subdivisions with over 300 homes west of Phoenix. The $102 million in… Read more
JLL Income Property Trust Buys Flagstaff Medical Center
Flagstaff Medical Center is fully leased to a leading healthcare provider in the Northern Arizona area. The tenant has committed… Read more
Fundamental Income Acquires Restaurant-Nightclub Tao Chicago
Fundamental Income, a Phoenix-based net lease real estate platform, has acquired Tao Chicago, a 34,000-square-foot restaurant and nightclub leased to… Read more
Inland Empire Has Lowest Industrial Vacancy Rate in U.S.
Bullish demand-supply fundamentals continue for the Nation’s industrial markets, despite the volatile economy according to a new report from Commercial… Read more
Mesa, Arizona Apartment Homes Sell For $319,444 a Unit
Rise48 Equity used a combination of debt and equity to buy the $92 million multifamily community. Northmarq Phoenix’s Debt and… Read more
Flint Development Buys 129 Acre Zoned Parcel West of Tucson
The project is part of the Crossroads at Gladden development in nearby Marana. There are 8 planned blocks within the… Read more
BPG Debuts $2.5M Courtyard at City Square
Los Angeles-based Barker Pacific Group (BPG) has announced the completion of City Square Plaza, a new Gensler-designed gathering spot in… Read more
Phoenix Condo Complex Sells for $8.2 Million
SVN Desert Commercial Advisor’s Danny Lee was no newcomer to the Graybriar Condominiums. He sold his first condominium at the… Read more
Tempe Multifamily Community Attracts $96 Million Purchase Price
The 171-unit Hudson-on-Farmer is within the tree-lined Mill Avenue District, which places it near Arizona State University and an array… Read more
Central Phoenix Apartment Sells to Cal-Based Investor
KB Investment Development was the buyer of the 280-unit project, known as the Green Leaf Arts District. The 2017-completed project… Read more
BREIT Completes $3.7B Deal for Resource REIT, Adds 42 Apartment Properties
Blackstone Real Estate Income Trust, Inc. (BREIT) has completed its previously announced acquisition of Resource REIT, Inc. for $14.75 per… Read more
Tempe Townhome Rental Building Acquired for $13.1 Million
The 18-unit, Farmer Avenue Lofts townhome property was acquired by Blueprint Capital. Built in 2008, the buyers paid $728,000 per… Read more
Phoenix-Area Town Ranks #1 in Office Construction
Gilbert Arizona, once known as “The Hay Shipping Capital of the World” has developed into a world beater when it… Read more
Avondale, AZ Retail Center Trades for $14 Million
Coldwater Plaza, an 80,600 square foot retail center, sold for $174 a square foot. The property was sold by its… Read more