Arizona
Phoenix Office Market Rebounds to Pre-Pandemic Levels
The Greater Phoenix office market’s fourth quarter 2025 posted its strongest net absorption since the fourth quarter of 2019, totaling… Read more
Two REO Sales Close in Tucson
Two REO-related multifamily transactions in Central Tucson sold for a combined $37 million. Real Estate Owned (REO) properties are rental assets that… Read more
Trinsic Planning 300-Unit Flower Mound Rental Community
Trinsic Residential Group is hoping a vote next week on its proposed Flower Mound apartment complex will get the 300-unit… Read more
Tempe Office Park Trades for $61.5M
Oaktree Capital Management has offloaded a Tempe office park for $61.5 million. An Andrew Cohn-led group was the buyer of… Read more
109K-SF Phoenix Corporate Center Trades Hands
A vacant Phoenix corporate center will soon transform into an industrial property. North Mountain Corporate Center, a 109,000-square-foot property at… Read more
Saks to Close Phoenix Anchor Store
Saks Fifth Avenue, the anchor tenant at Biltmore Fashion Park, is shutting its doors. The 92,000-square-foot store opened in 1995… Read more
Developer Duo Inks Refis for Phoenix-Area BTR Communities
JLL Capital Markets arranged a $33.05 million and $31.25 million refinancing of Villas Litchfield and Villas Goodyear, respectively, two newly constructed… Read more
Hyatt Studios Hotel Brand to Debut in North Phoenix
Caliber Companies is planning to build a four-story, 114-room Hyatt Studios hotel on a 2.28-acre parcel at 29th Avenue & Sonoran Desert Drive in… Read more
Sunbelt Pays $62.5M for Buckeye Land, Adds to Extensive Holdings
Sunbelt Investment Holdings (SIHI) was the winning bidder of 272 acres of Arizona State Land in Buckeye. Bidding started at… Read more
Boomtown Buckeye Adding 901 New Rental Units
The town is booming, and Buckeye shows no signs of slowing down. The population in Buckeye spiked by nearly 80%… Read more
Igneo Acquires 7 U.S. Data Centers, Plans to Expand Platform
Global infrastructure investment manager Igneo Infrastructure Partners has acquired the Vault Digital Infrastructure portfolio from a joint venture of CVC… Read more
458K-SF Phoenix Office Property Changes Hands
Newmark arranged the $32.25 million sale of Thirty 03, a 26-story, Class A multi-tenant high-rise office building located at 3003… Read more
71K-SF Tempe Office Building Picked Up by ARC
Hohokam Court, a single-story 70,800-square-foot building in Tempe, was acquired by Alignment Realty Capital (ARC) for $11.7 million. The Phoenix… Read more
Heitman Offloads Camelback Apartments After 12-Year Hold
Principal Financial acquired the 270-unit Biltmore at Camelback in Phoenix for $97.3 million. Heitman was the seller. Heitman paid $74.75… Read more
Marcus & Millichap Arranges Maverik Gas Station Sale in Missouri
Marcus & Millichap has brokered the sale of a net-leased Maverik gas station property in Springfield, Missouri, for $4.4 million.… Read more
DHS Purchases 418K-SF Surprise Warehouse
The Department of Homeland Security has purchased a 418,000-square-foot warehouse in Surprise for more than $70 million. The all-cash transaction,… Read more
Marana Warehouse Trades to BlackRock for $50M
Southern Arizona Logistics Center Building #2, a 435,023-square-foot concrete tilt-up warehouse at 10070 W. Clark Farm Blvd. in Marana, was… Read more
Fifth Third Buys Out Comerica, Tower Status Unclear
The $10.9 billion buyout of Dallas-based Comerica Inc. by Fifth Third Bancorp has officially closed. The deal allows Fifth Third to expand… Read more
Aerospace/Defense Supplier Opens $200M Mesa Factory
Hadrian, an aerospace and defense supplier, opened a $200 million factory at The Cubes at Mesa Gateway. The Phoenix Business… Read more