Arizona
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
Lincoln Property Buys 140 Acres Near Luke Air Force Base
Lincoln’s southwest division, LPC Desert West (LPC), completed the $53 million deal in Glendale, Arizona, adjacent to the famous Luke… Read more
Meta Mesa Data Center To Add Three New Buildings
The campus will now include five buildings totaling more than 2.5 million square feet. Meta’s investment to date in Arizona… Read more
HistoryMaker Buys 6,000 Lots in Houston, Dallas
The company says the lots will be a mix of build-to-rent and traditionally financed homes. Through its affiliate companies, HistoryMaker… Read more
Phoenix’s Metrocenter Mall Begins Planning Rehab
The mall, built in 1973, was one of Phoenix’s first. But the effects of the Covid pandemic was more than… Read more
520 Homes are Coming to City Place
Site preparation has begun for Phase 1 of a 400-acre subdivision at the 2,000 acre City Place master planned community.… Read more
Decron Properties Acquires Another Phoenix Multifamily Community
It’s now eight and counting. Decron added the Tamarron Apartments to its lengthy list of Phoenix holdings. The one factor… Read more
MDH Partners Ups Industrial Holdings in Phoenix
Even though MDH Partners owns 85 assets in 20 states, Managing Director George Rowe says it’s hard to beat the… Read more
Entire 450,000 Square Foot Goodyear Industrial Site Leased to NPSG Global
Goodyear, about 30 miles west of Phoenix, has seen explosive growth of late in all real estate sectors, industrial included.… Read more
Element Buys Its Fourth Tucson Multifamily Property
Tucson continues to be a very busy marketplace when it comes to buying multifamily communities. With rents rising faster than… Read more
Kennedy Wilson Closes on Three Mountain West Multifamily Communities
In the same announcement Kennedy Wilson (NYSE:KW) touted the purchase of three apartment complexes, the company said it was also… Read more
New Joint Venture Buys Two Eastmark Parcels
IndiCap has joined forces with AECOM-Canyon partners to buy two parcels of industrial zoned land in the Mesa Gateway submarket.… Read more
MC Communities Adds to Tucson’s Multifamily Offerings
MC Communities and a global institutional investor have partnered to develop a Tucson-area multifamily project. The Scottsdale-based investor of multifamily… Read more
WIS International Gets New Headquarters at Crown Centre
WIS, a global inventory and data collection services companies, has moved into a new 70,996 square foot office at Crown… Read more