Arizona
Timing of Desert Shadows Buy is Fortuitous for 1031 Exchange
Thayer Manca Residential (TMR) recently acquired its newest multifamily property in Tucson, AZ. TMR purchased Desert Shadows, a 338-unit property… Read more
CRG’s The Cubes at Mesa Gateway Will Cater to Large Users
The Southeast Valley submarket is expected to add more than 120,000 residents by 2025. To be sure, the submarket is… Read more
OrbVest Adds Professional Center in Ocoee to $360M Portfolio
OrbVest has purchased the 38,537-square-foot West Orange Professional Center in Ocoee. The asset contains two medical office buildings and adds… Read more
Nominate a Standout Attorney for Connect CRE’s 2021 Lawyers in Real Estate Awards
Last year, Connect CRE followed up on our well-received Next Generation Awards and Women in Real Estate Awards with the… Read more
Rio2100 Provides Buyer with Long-Term Income Stream Amid Strong Tenancy
The recent sale of two 300,000-square-foot office buildings in Tempe totaling $132 million is the highest-priced and largest office transaction… Read more
Maricopa Co. Lease is Largest in Last Three Years
Maricopa County recently leased 41,917 square feet of office space at Mesa Corporate Center in Mesa, AZ. The deal marks… Read more
First Sprouts in Pinal County Opens in Maricopa
A 23,000-square-foot Sprouts Farmers Market store was recently completed in Maricopa, AZ. While the newly constructed store is the brand’s… Read more
Out of State Buyers Clamor for Stable Income-Producing Assets
A CBRE survey of commercial real estate investors ranked Phoenix as a top 10 target among U.S. metros. The Sun… Read more
Elliot Gateway Marks Trammell’s First Project in Mesa
Trammell Crow Company (TCC) recently acquired 40 acres at 9020 East Elliot Rd. in Mesa, AZ. Plans call for the… Read more
Koll Doubles its Investment in Two Years
The Koll Company sold two industrial parks for nearly twice what the company and its investment partners paid for the… Read more
Accolade is One of Arizona’s Top Five Largest Multifamily Sales
Accolade, a 548-unit multifamily asset in Phoenix, recently sold for $155 million or $282,847 per unit. The transaction is one… Read more
La Encantada Sells for $165M, Boosted by Near-Capacity Leasing
La Encantada recently sold for $165.25 million, with $102 million in acquisition financing secured. A group of local investors purchased… Read more
Soleil’s Price Per Unit is Third Highest in Chandler This Year
Arizona-based Del Marco Capital LLC recently acquired the Soleil Apartments, a 188-unit garden-style community in Chandler, AZ. The $335,106 price… Read more
Arcis Golf Adds Gentle Creek Country Club to its Portfolio
Fresh on the heels of the August acquisition of six Mickelson Golf Properties in Arizona as well as the early… Read more
Shorenstein Gets in on the Phoenix Craze with Fountainhead Buy
Shorenstein Properties LLC recently acquired Fountainhead Office Plaza in Tempe, AZ, centrally located within the Phoenix market along the I-10… Read more
Atlanta Ranks Third for Data Center Absorption Among North American Markets
Atlanta saw the third-most data center leasing activity in North America in the first half of 2021, according to CBRE’s latest North… Read more
Undersupplied Prescott Fits the Bill for Investors
Two luxury apartment communities in Prescott totaling 326 units recently sold for $111.6 million. Terraces, 5700 E. Market St., and… Read more
At $186M, Park 303 Phase I is the Highest Single-Building Industrial Sale in AZ History
Within one month of its completion, developer LPC Desert West completed the sale of the 1.25 million-square-foot Park 303 Phase… Read more
Newly Acquired 8th and Row is a Rare Downtown Townhome Rental Community
8th and Row, a newly constructed 35-unit class-A townhome community in Phoenix, is a rare downtown townhome rental community. It… Read more