Arizona
Cold Storage Continues to Take Center Stage in Pandemic
The pandemic, which created a massive disruption in the food industry, has buoyed ongoing demand for U.S. industrial cold storage… Read more
Fountain Villas and Los Porticos Sell for 18.83% Above Median Price PSF
There have only been eight transactions in the Scottsdale market in the last 12 months, but that number is inching… Read more
With Lack of Cold Storage Options, Facility Fills Large Void in Phoenix
Bay Logistics recently leased 76,189 square feet at Central Logistics Cold Storage Center in Phoenix amid growing demand for high-quality… Read more
SCD Norterra Has Long-Term Bullish View on Phoenix
A suburban office building in north Phoenix totaling 144,800 square feet known as Norterra West Two recently sold to SCD… Read more
Westcore Snags Seven-Property Mountain West Portfolio
Westcore recently acquired the Mountain West portfolio of seven properties, consisting of four in Phoenix and three in Denver, for… Read more
E-Commerce Momentum is Not Expected to Slow Down Anytime Soon
CA Industrial recently broke ground on the first phase of Luke Logistics Center in Glendale, AZ. The development is the… Read more
Howard Hughes Puts Sustainability First in its Developments
The Howard Hughes Corporation recently released its 2020 Environmental, Social and Governance (ESG) Report, showing impactful ESG results from the… Read more
Taurus Aims to Transition Westover Parc to Energy-Efficient Complex
Taurus Investment Holdings LLC recently acquired Westover Parc, a 2002-vintage 160-unit class-A apartment community for a purchase price of $41.6… Read more
3M Renews 410K-SF Lease for Global Distribution Hub
3M has signed a 12-year lease renewal for its 410,000-square-foot global distribution hub in DeKalb, IL. The agreement was signed… Read more
ConAm Group Sheds Avery on the Green
The ConAm Group recently disposed of Avery on the Green, a 324-unit class-A apartment community in Chandler. The price was… Read more
Northmarq Arranges $61M Sale of Multifam by the Beach in FL Panhandle
The Brookview Companies has purchased The Sound at Navarre Beach, a 250-unit multifamily community in the Florida Panhandle city of… Read more
Fully Vacant Chandler Industrial’s Sale Speaks to High Demand
A new 113,100-square-foot freestanding class-A industrial distribution building on 8.7 acres in Chandler recently sold in an off-market transaction. Denver-headquartered… Read more
Med Office Building Gets Underway at The Grove on Camelback Corridor
RED Development and Banner Health recently began construction on a new single-tenant medical building at the mixed-use development, The Grove,… Read more
Tempus Tests Tempe Temp and it’s Just Right
Warner Crossing, a two-building office complex located at 8260 and 8312 S. Hardy Dr. in Tempe, recently sold to Tempus… Read more
Crane Index and Quarterly Cost Report Reveals Eye-Opening Stats
International property and construction consultancy firm Rider Levett Bucknall (RLB) recently released its latest Crane Index and Quarterly Cost Report.… Read more
Holiday Inn Express Finds New Life as Multifamily
Tower Capital recently arranged a $23.2 million acquisition and renovation loan for a 132-key Holiday Inn Express hotel in Sacramento… Read more
Phoenix Growth Fuels Multifamily Demand for Five Assets
Combined financing of $24.2 million was recently obtained for five multifamily properties, a hotel and a retail property in Arizona.… Read more
Next Wave’s Value-Add Program Pays Off with Westover Parc
Next Wave Investors LLC, through a subsidiary company, initially purchased 103 of Westover Parc’s units as condominiums in September 2019… Read more
Avery is Decron’s Fourth Phoenix MSA Acquisition in Six Months
Multifamily investment firm Decron Properties added to its rapidly expanding footprint in the Phoenix MSA with the purchase of Avery… Read more