Arizona
Offices at Chandler Viridian is Macquarie’s Second Phoenix Buy in Four Months
Macquarie Asset Management completed the purchase of the Offices at Chandler Viridian, a newly built six-story class-A office building in… Read more
Largest Marketed Portfolio Metro Phoenix 5 Goes for $414M
The Metro Phoenix 5 Portfolio, one of the largest marketed Arizona multifamily portfolios to date, recently sold for a combined… Read more
Lecangs Takes Down Full 1.2M SF Spec Facility
Duke Realty Corporation recently secured a full building tenant for its new 1.2 million-square-foot speculative distribution facility in Perris, CA,… Read more
Phoenix Growth Prospects Allow Intercontinental to Expand its Presence
Intercontinental Real Estate Corporation recently acquired Garden Grove Apartments, a 376-unit garden-style apartment complex in Tempe for $126 million. The… Read more
Blackstone Taking Bluerock Residential Private in All-Cash Deal
Blackstone Real Estate will take Bluerock Residential Growth REIT private in an all-cash transaction valued at $3.6 billion, the two companies… Read more
Kierland Logs Office Leasing Success with Nine Deals in 24 Months
Kierland Corporate Center I, a four-story office building totaling 109,811 square feet in north Scottsdale, recently sold for $37.75 million… Read more
San Giovanni Acquisition Financing Has Many Bells and Whistles
Acquisition financing of $40 million was recently arranged for San Giovanni, a 300-unit multifamily property located in Phoenix. The 2001-vintage… Read more
Stream Realty Partners Adds VP of Industrial Brokerage in Chicago
Stream Realty Partners has hired Paige Gunn to serve as a VP of industrial brokerage in its Chicago office. Gunn joins… Read more
Davlyn’s $114M Trevi Buy Checks all the Investment Boxes
Davlyn Investments recently closed escrow on the $114.38 million purchase of Trevi, a 290-unit class-A multifamily community constructed in 2005.… Read more
Arcadia Fiesta, Fully Backed by National Tenants, Sells for $41M
Arcadia Fiesta, a 154,436-square-foot retail shopping center in Phoenix, recently sold for $41.65 million. The buyer was an entity formed… Read more
Two Spec Industrial Buildings Turn Dirt Within PV 303
On behalf of Merit Partners Inc. and Lexington Realty Trust, Stevens-Leinweber Construction recently broke ground on two fully speculative industrial… Read more
Decron’s Phoenix Acquisition Tally Grows with $101M Arrowhead Ranch Buy
Decron Properties continues to build a formidable portfolio of multifamily assets in the Phoenix MSA with its acquisition of Arrowhead… Read more
Goodyear Airport 85 Expands CIM’s Portfolio for Ongoing Warehouse Demand
Goodyear, located in Phoenix’s southwest valley, drives strong demand from both e-commerce and regional distribution centers. Tenants in these centers… Read more
Contour Sets Sights on Phoenix Industrial with Buckeye Buy
Contour recently acquired 54 acres in Buckeye located at the southeast corner of Southern Avenue and Rainbow Road. The property… Read more
University’s $1.2B Refi Marks the Largest Real Estate Deal in Arizona History
Grand Canyon University (GCU) recently received $1.2 billion to refinance the secured note that was issued in 2018 as part… Read more
City of Hope Acquiring Cancer Treatment Centers for Reported $390M
City of Hope, a cancer research and treatment organization based in Duarte, CA, has entered into a definitive agreement to… Read more
Willow Creek Buy Fulfills Next Wave’s Expansion Goal
Next Wave Investors LLC recently acquired Willow Creek Apartments, a 160-unit garden-style apartment community in Prescott for $58 million. The… Read more
Retail is Thriving Throughout Greater Phoenix and Across Arizona
In spite of supply chain issues and inflationary pressure, retail is thriving throughout the greater Phoenix market and in key… Read more
Block 23 Sets PSF Record for Multi-Tenant Office Trades
Block 23, a mixed-use live-work-play asset in the heart of downtown Phoenix, recently sold to City Office REIT Inc. for… Read more