Arizona
BPM Nabs PetSmart’s HQ for $110M
Portland, OR-based BPM Real Estate Group just snapped up PetSmart’s corporate headquarters campus in Phoenix in a $110 million purchase.… Read more
RED Development Buys Paradise Valley Mall for $100M
Reflecting the changing dynamics in retail, Macerich sold Paradise Valley Mall, a non-core asset in Phoenix, for $100 million to… Read more
Agave Sells for Record PSF in Hot Scottsdale Market
Agave Center, a 2.46-acre shopping complex in Scottsdale, recently sold for $9.775 million. The sale price and 6.2 percent cap… Read more
Phoenix Multifamily Stays the Course With Investors
Phoenix recorded the eighth-highest multifamily rent growth out of all U.S. metros in the fourth quarter with a 4.5 percent… Read more
Where Are Investments Thriving?
As one quarter winds down, there are signs of improvement within the commercial real estate sector in many respects. Connect… Read more
C3, Akara Living Partner on Ghost Kitchens for Serviced Apartments
C3 (Creating Culinary Communities), a food and beverage platform founded by Sam Nazarian, has formed a partnership with Chicago- and Miami-based Akara Living, founded by Rajen Shastri, to integrate… Read more
Build-to-Rent Acquisition Sets a Benchmark in that Product Space
The recent sale of Village Greens of Queen Creek establishes a new benchmark in the build-to-rent (BTR) product space in… Read more
Midtown Flats Exemplifies Strong Market Fundamentals
The Phoenix multifamily market fared better than most property types during the pandemic, with investment rebounding in the second half… Read more
EV Manufacturer Selects Mesa for Tech Center
ElectraMeccanica Vehicles Corp., a designer and manufacturer of electric vehicles, has selected Mesa for its U.S.-based assembly facility and engineering… Read more
LifeStance Heads South for Corporate Relocation
LifeStance Health recently relocated its corporate headquarters to Scottsdale from Bellevue, WA. The behavioral health care company signed a lease… Read more
Avalon Goes from 76% to 90% Leased in Four Months
Pathfinder Partners, a San Diego-based private equity firm specializing in multifamily real estate investments, recently sold Avalon Apartments for $23… Read more
Multi-Tenant Logistics Center to Deliver on Rare Infill Site
ViaWest Group has entered into a 77-year ground lease with the Kyrene School District on 28.6 acres in Chandler on… Read more
Anchor Health Brings on Construction Director
Building on substantial West Coast development, asset and property management, and acquisition growth, a healthcare real estate development, management and… Read more
First and Only Hotel Connected to Tucson Convention Center Opens its Doors
The first and only hotel connected to the Tucson Convention Center, DoubleTree by Hilton Tucson Downtown, opened its doors this… Read more
Do You Know a Rising Star in CRE?
Connect Media’s 2020 Next Generation Awards shined a spotlight on an impressive list of more than 100 of commercial real… Read more
Sponsor Buys Out Investors But Retains Control of Stratford
A recent financing transaction illustrates the depth of NorthMarq’s capital stack for its clients, said Brandon Harrington, NorthMarq managing director.… Read more
San Diego Clocks in Third for Self-Storage Deal Volume
Nationally, more than 46 million square feet of storage space traded last year, for a combined $3.68 billion, a 6… Read more
TerraCap Has Cap Projects in Mind After Koll Cotton Buy
Naples, FL-based TerraCap Management LLC recently acquired Koll Cotton Center for $30.9 million. Koll Cotton Center is a seven-building single-story… Read more
Construction is Underway on Ridgeview College Prep School
Adolfson & Peterson Construction and The Leona Group recently broke ground on Ridgeview College Preparatory High School in San Tan… Read more