Arizona
PetSmart HQ Sells to BPM Real Estate
The PetSmart headquarters, a 365,000-square-foot class A office campus located at 19601 N. 27th Ave. in Phoenix, was recently acquired… Read more
Harvard Crossing Acquires $100M in Phoenix Multifamily
Village at Harvard Crossing, a new 184-unit single family rental/multifamily community in Goodyear, recently sold for $56.12 million to Harvard… Read more
Ezralow Company Sees Value of Cactus Forty-2
Cactus Forty-2, a 200-unit class-A apartment community located at 4242 East Cactus Rd. in the Paradise Valley area of Phoenix,… Read more
Electra Closes Multifamily Loans Totaling $245M
Electra Capital recently closed seven transactions in the first quarter, four bridge loans totaling $125 million and three preferred equity… Read more
Connect CRE Introduces the Top Mortgage Brokers and Lenders Awards Program
For commercial real estate professionals on the lending side of the industry, 2020 was both an especially fruitful year and… Read more
Decron Enters Arizona Market with a Broad Stroke
Decron Properties made its initial entry into the Arizona real estate market with the acquisition of Broadstone Rio Salado, a… Read more
$4 Trillion in Stimulus Spending? Don’t Bet on It
President Biden’s ambitious stimulus programs—the $2.3-billion American Jobs Plan and the $1.8-trillion American Families Plan—have real estate investors contemplating the… Read more
Agile Workspace is Now “a Requirement for Major Landlords and Corporations Alike”
While demand for agility in office space selection increased in 2020, the average flexible workspace requirement size decreased by 29%,… Read more
Grove at McCormick Ranch Exits Slowdown With a Buyer
The challenges brought on by COVID affected many properties but the newly developed The Grove at McCormick Ranch was not… Read more
Grove at McCormick Ranch Exits Slowdown with a Buyer
The challenges brought on by COVID affected many properties but the newly developed The Grove at McCormick Ranch was not… Read more
Grocery-Anchored Rolling Hills Serves Steady Population in Tucson
With daily needs retail continuing to save the day in many commercial real estate properties, yet another grocery-anchored center was… Read more
NovaSource Powers Up at Chandler Viridian
NovaSource Power Services recently took down office space in Hines’ Chandler Viridian development. The power firm is relocating from its… Read more
Bonelli’s Relocation Follows Acquisition by Pella Corporation
Bonelli Doors + Windows recently relocated its manufacturing headquarters to Mesa. The move follows the acquisition of Bonelli by Pella… Read more
RapidDeploy Completes $29M Series B Funding Round
Cloud-based computer-aided dispatch and analytics platform RapidDeploy recently completed a $29 million Series B funding round led by Morpheus Ventures… Read more
The Office Market: Connect CRE Panelists Provide View from the Trenches
With mixed messages coming from corporate tenants on their near-term and long-term plans for occupancy a year into the pandemic,… Read more
Value-Add Pennytree and Sunnybrook Multifamily Assets Sell for $31M
Two value-add opportunities in downtown Mesa, the garden-style multifamily assets of Pennytree and Sunnybrook, recently sold for $31.3 million in… Read more
Hotel-to-Multifamily Conversions Deliver New Residential Options
Due to population growth in 2020, demand is surging for affordable housing in the Phoenix market. Investor owners recognize the… Read more
Berkadia Webinar Charts Viability of Single-Family Rentals: “There’s No Doubt That This is Permanent”
“This is still a new business that is getting more efficient.” That’s John Burns, founder of John Burns Real Estate… Read more
Multihousing Association Announces Finalists for Tribute Awards
Arizona Multihousing Association (AMA), the statewide trade group for the apartment industry, recently announced the finalists for the 29th Annual… Read more