Arizona
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
Gilbert Gateway North Buy Reflects Income Growth Potential
Gilbert Gateway Towne Center North, a 265,878-square-foot retail destination shopping center in Gilbert, recently sold for an undisclosed purchase price.… Read more
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