Arizona
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
Seattle’s Blueprint Capital Buys 18-Unit Townhome in Arizona
CBRE has secured the $13 million purchase of Farmer Avenue Lofts, an 18-unit multifamily complex in Tempe, AZ. Brian Smuckler,… Read more
New Phoenix Multifamily Project Secures $45 Million Refi
NewPoint Real Estate Capital provided the 10-year Fannie Mae loan to refinance a build-to-rent 200-unit community in Phoenix. NewPoint’s John… Read more
JLL Arranges $372 Million Refinancing for 10 Southwest Properties
The properties, in Texas and Arizona, amount to 2,549 units. JLL worked on behalf of the borrower, Wealhouse Capital, who… Read more
Submit Your Nominations for Connect CRE’s 2022 Top Mortgage Brokers & Lenders Awards
For commercial real estate professionals on the lending side, 2021 was both an especially fruitful year and a challenging one,… Read more
Scottsdale Arizona Multifamily Community Sells for Over $600,000 a Unit
The 240-unit property, known as Liv North Scottsdale, sold for $145 million. Steve Gebing, with Institutional Property Advisors, attributes the… Read more
VAI Resort to Build Arizona’s Biggest Hotel
With the mission of bringing a water oasis to the desert, VAI Resort will feature 1,200 hotel rooms, a large… Read more
Phoenix Adds to Nation’s Highest Multifamily Sales Volume
Transwestern Development Company (TDC) sold its 209-unit Lydian complex for $66 million. Knightvest Capital purchased the property in what amounted… Read more