Arizona
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
Calling for More of The Year’s Top Mortgage Brokers and Lenders
Response has been strong to date for Connect Commercial Real Estate’s second annual Top Mortgage Brokers and Lenders awards program.… Read more
High Traffic Retail Center Sells in Casa Grande
112,000 square foot retail property Tri-Valley Plaza was sold to an undisclosed buyer for $13.4 million. The center, in Casa… Read more
ABI Brokers 240-unit Apartment Sale Near Phoenix
The 240-unit community sold for $75 million, or $312,500 per unit. The Sanctuary on Broadway, in Tempe, was built in… Read more
Phoenix Area Infill Site to Be a Multifamily Community
Berkadia arranged the sale of the 20 acre site at the corner of SW Tomahawk Road and Broadway in Apache… Read more
Quick N Clean to Open Four Texas Car Wash Sites
The company says it’s four now, but they’re pushing for 15 statewide. So far, they’ve plucked sites in Pasadena, Magnolia… Read more
Sunbelt Real Estate Investment Group Closes Fund at $122 million
Titan Development has stopped accepting limited and general partner commitments for its latest fund, the Titan Development Real Estate Fund… Read more
Phoenix #2 for Industrial Development Growth
A recent report from CommercialSearch points to Phoenix as the number two ranking city for industrial development growth. The study… Read more
Another Million Square Foot Project May be Coming to Downtown Phoenix
A preliminary development plan was filed with the City of Phoenix that would include a 29-story residential tower with over… Read more
European Private Equity to Acquire Chicago’s Redwood Capital Group
A large European private equity concern, EQT AB, a company with ties to the Swedish Wallenburg family, has acquired Chicago-based… Read more
Origin Cites Sun Belt Markets as Best for Multifamily Investment
Private equity real estate fund manager Origin Investments has released a report, Multifamily Markets to Watch, that cites Sun Belt… Read more
Paradise Village Office Park Sells to New York Group
The five-story office building has 268,516 square feet of space. It’s currently 72% leased up. Time Equities of New York… Read more
Scottsdale Multifamily Asset Sells for Record-Breaking $260 million
The 369-unit Moderne sold for a price that equates to $704,607 a unit. The transaction is the largest single asset… Read more
Vestar to Build 500,000 Square Foot Retail Center West of Phoenix
The shopping center is going in at Verrado, an 8,800 acre master planned community in Buckeye, Arizona. Vestar will be… Read more