Arizona
Tricon Expands Active Build-to-Rent Pipeline with 3,000 Units
Tricon Residential Inc. recently provided an update on its active build-to-rent community pipeline, which has now expanded to more than… Read more
Sunset Farms Opens its Doors for Tours on December 4
Landsea Homes Corporation will hold its grand opening with model homes available to tour on December 4 at Sunset Farms… Read more
El Paso Has Third Most-Improved Unemployment Rate
More than three-fourths or 84 of the nation’s largest metropolitan areas posted negative growth in living-wage jobs, five by double… Read more
DXD Capital Goes on Buying Spree in AZ and HI
Albuquerque-based DXD Capital, a self-storage investor and developer, recently purchased 2.34 acres with joint venture partner, InSite Property Group, in… Read more
Northland Investment Deems Homestead Talking Glass an Ideal Addition to Portfolio
Northland Investment Corporation recently acquired Homestead Talking Glass, a residential community in Prescott Valley. Featuring 214 one-, two- and three-bedroom… Read more
Seattle Posts Double-Digit Percentage Gains in Office Rents
CBRE’s Tech-30 report, now in its 10th year, measures the industry’s impact on office demand and rents in the 30… Read more
Optima Introduces Vertical Landscaping System to Chicago Region
Optima, Inc. broke ground on the six-story, 100-unit Optima Verdana luxury apartment building in downtown Wilmette, IL, on Chicago’s North… Read more
Three Tenants Ink Leases at Creative Office Complex LINK
Three newly signed leases totaling 22,359 square feet were recently inked at LINK, a creative office complex at 777 and… Read more
CRG Promotes Hannah Kiem to VP of Development
CRG recently promoted Hannah Kiem from director of development to vice president of development for the Southwest region. Kiem will… Read more
Short-Term Rental Demand Grows in San Antonio at 41%
AirDNA’s monthly review indicates that U.S. short-term rentals are now generating 40 percent more revenue than at the same time… Read more
2233 Dunlap’s Purchase Price is a Fraction of Replication Cost
A 94,000-square-foot multi-tenant class-A office property in North Phoenix recently sold for $6.275 million. Located at 2233 West Dunlap Ave.… Read more
Elite North Scottsdale Locks in $86M Acquisition Financing
Financing was recently secured for Elite North Scottsdale, a 360-unit garden-style multifamily property in Scottsdale. The 10-year Freddie Mac loan… Read more
Jacksonville Three-Property, 842-Unit Multifamily Portfolio Sells for $96M
New York-based Cyclone Investment Group, in a joint venture with Skywood Properties, has purchased a three-property multifamily portfolio totaling 842… Read more
Healthcare Costs to Bump Up in Texas Next Year
A new ValuePenguin.com analysis has found that in 2022, Americans will spend an average of $541 per month or $6,492… Read more
In 10 Days, Rise48 Equity Sells and Buys Three Assets Totaling $110M
Phoenix-based Rise48 Equity, a multifamily investments group, recently announced three transactions in 10 days totaling $109.85 million. The transactions included… Read more
Deer Valley Last-Mile Logistics Building Sells for Nearly $75M
A newly developed 145,474-square-foot last-mile fulfillment/distribution facility on 34 acres in Phoenix recently sold for $74.7 million. Built in 2021,… Read more
Three Industrial Spec Buildings Will Add 309K SF to Gilbert Spectrum
Quickly following its completion of Gilbert Spectrum Building 5 – built for Northrop Grumman – developers GID and SunCap Property… Read more
Data Center Operators Confront the Sector’s Sustainability Question
As this week’s back-to-back pair of entity-level deals valued in the 11-figure range make clear, data centers are a growth sector.… Read more
Wilmot Plaza Retail Center in Tucson Gets Recapitalized for $34M
Gantry recently secured $34 million to recapitalize the Wilmot Plaza destination retail center for a legacy-hold operator. The 140,000-square-foot center… Read more