Arizona
Austin-based American Campus Communities Announces $13B Transaction with Blackstone
American Campus Communities, an Austin-based developer, owner and manager of student housing communities in the United States, announced that it… Read more
Howard Hughes Corp. Extends JDM’s Option Period for Douglas Ranch Stake
The Howard Hughes Corporation has extended JDM Partners’ option period to reacquire a stake in Douglas Ranch—HHC’s recently launched large-scale… Read more
IPA’s Gebing and David Close Multifamily Sale in Phoenix’s Mountain Park Ranch
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Mountainside, a 288-unit multifamily asset located within Mountain… Read more
BET Launches 2.2M-SF Industrial Complex in Buckeye
BET Investments has launched what will be one of the largest industrial developments in the history of Buckeye, AZ. The… Read more
Triumph Properties Comes to North Phoenix with Multifamily Development
Triumph Properties announced it has closed an $82.5-million total capitalization of a 287-unit multifamily development project, Aileron, located in the booming North… Read more
More Renters Migrate to “Feeder Cities” in 2021
Household migration continued strong in 2021, fueled by pandemic restrictions, increasing household sizes and different job opportunities. According to StorageCafe,… Read more
Higher Investor Activity Anticipated Despite Headwinds
The Russia-Ukraine war, labor shortages, supply chain disruptions and inflation continue to drive headlines and commercial real estate investment intent.… Read more
Mortgage Rates and More Supply Drives “Bulk” Home Sales To Investors
The majority of new homes built in 2021 were bought and used by families and individuals as their primary residences.… Read more
Greystone Places $140M in Financing on Scottsdale Luxury Senior Living
Greystone placed $140 million in total financing for both the refinancing and new construction of senior housing in Scottsdale. The… Read more
Yuma Distribution Center Trades to FD Stonewater
CBRE closed the sale of the 222,554 square-foot Alside Distribution Center in Yuma, AZ to FD Stonewater, an Arlington, VA-based… Read more
Massachusetts Investor Comes to Phoenix for Multifamily Deal
ABI Multifamily arranged the $42-million sale of Rise Metro Apartments, a 160-unit multifamily apartment community located at 2045 W. Butler… Read more
NewPoint Provides $158M Refi on Phoenix-Area Portfolio
NewPoint Real Estate Capital LLC has provided $157,920,000 in Freddie Mac loans on behalf of Bard Investment Company for the refinancing… Read more
Buckeye Site Will Support 2M-SF Lithium Battery Factory
The Mangat Group, a Glendale, AZ-based land development group, has closed a land deal with KORE Power. The lithium-ion battery… Read more
Graycor Hires Business Development Manager for Southwest
General contractor Graycor Construction Company has hired industry veteran Sue Sylvester as business development manager in Phoenix, responsible for identifying… Read more
CoreLogic Home Price Index Soars 20% in February to Record High
Property information and analytics concern CoreLogic says its CoreLogic Home Price Index registered a 20% year-over-year advance in February to a… Read more
Rarity in West Phoenix Multifamily Trades to Investment Group
GC Square Apartments in Phoenix has sold to Rise48 Equity, a regional multifamily investment group, for $31.02 million. Kidder Mathews’ Bret Zinn,… Read more
April 8, 2022: Drop-Dead Deadline for Next Generation Awards Nominations
This is your last warning! Friday, April 8 is the drop-dead deadline to nominate CRE pros under age 35 for… Read more
L.A.-Based Decron Closes First of Two Phoenix Deals for $108M
Decron Properties has acquired Ascent at Papago Park, a 270-unit garden style multifamily asset in Phoenix for $107.8 million. The… Read more
Creation RE JVs with J.P. Morgan on $1B Industrial JV
Creation RE, a real estate investment and development firm headquartered in Phoenix, and institutional investors advised by J.P. Morgan Global… Read more