Arizona
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
Apprise by Walker & Dunlop Expands Western Reach
Apprise by Walker & Dunlop has expanded its reach in the Western region with the addition of Managing Director Aaron… Read more
Arcadia Crossing Sale Demonstrates Appeal of Well-Located Phoenix Assets
Arcadia Crossing, a 453,457-square-foot grocery-anchored power center located at 44th Street and Thomas Road in Phoenix, recently sold to a… Read more
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