Arizona
Industrial Remains on Top After a Record-Breaking Year
Not surprisingly, 2020 proved to be a record year for large industrial transactions, driven by significant growth in online shopping… Read more
Amid Frothy Stock Market, Retail Investors Seek Out Stability, Yield
Built in 2008, Foothill Village is home to a stable mix of seven Internet-resistant services, none of which have required… Read more
Owner Upgrades Prove Beneficial in Sale
Ownership of Sanctuary on Broadway, a 240-unit multifamily apartment property located in Tempe, AZ, recently completed redevelopment of the leasing… Read more
We’re Looking for More of the Industry’s Top Brokers
Although response to date has been positive for our fourth annual call for Top Broker Award nominations, we’re looking for… Read more
Two Southwestern Multifamily Properties Find $75M in Financing
Despite the COVID-19 pandemic, two multifamily properties and surrounding markets have continued to perform well, given both optimal locations and… Read more
Buckeye85 Fits the Bill for Omnichannel Strategies
Recognizing the growing demands of Phoenix’s supply chain infrastructure, LPC Desert West has closed on nearly 20 acres in the… Read more
Casa Anita is SB Real Estate’s Second West Valley Acquisition
Casa Anita Apartments – a 224-unit multifamily community located in the West Valley submarket of Phoenix – was recently acquired… Read more
SkySong Generates $1.3B in Economic Activity
SkySong, the ASU Scottsdale Innovation Center, “is a job creator with outsized ripple effects” on economic development in the region,… Read more
Recap Opportunity Aligns with Milestone’s Core Strategy
The Milestone Group was attracted to a recapitalization opportunity because it aligns with the firm’s core acquisition strategy of purchasing… Read more
Phoenix’s Steady Growth Boosts Rental Housing Demand
Phoenix’s regional population is expected to reach 5.2 million by 2022, a 12 percent increase that began back in 2017.… Read more
Denver-Area Mezz at Fiddlers Green Goes for $48M
Not only does the Mezz at Fiddlers Green get noticed for its location near Fiddler’s Green park and amphitheater, but… Read more
33-Acre Buy to Deliver 1,600 Luxury Units to Phoenix
Marking Florida-based ZOM Living’s entrance into the Arizona market, the firm recently acquired a portfolio of four parcels totaling 33… Read more
Next Wave Acquires PHX’s Largest Built-for-Rent Townhome Complex
Private equity firm Next Wave Investors, LLC acquired The Grove on Glendale, a new 56-unit luxury townhome community in North… Read more
Largest Phoenix Multi-Tenant Office Trades for $104M
The $103.5 million sale and $80.76 million financing for Anchor Centre, a 333,014-square-foot, Class-A office asset, marks the largest multi-tenant… Read more
KBS Divests PHX’s Anchor Centre to Florida Buyer for $104M
Florida-based TerraCap acquired Anchor Centre, a 333,014-square-foot Class A office property in Phoenix, from Newport Beach, CA-based KBS REIT III… Read more
CRG Expands Industrial Platform into PHX with 5.5M-SF Glendale Development
Chicago-based Clayco’s development and investment arm, CRG, acquired roughly 260 acres in Glendale for $35 million, according to Vizzda. The… Read more
Toll Brothers, Harrison Street Form JV on Tempe Student Housing Development
Fort Washington, PA-based Toll Brothers, Inc. formed a JV with Chicago-based Harrison Street to develop Canvas, a 263-unit, 826-bed luxury… Read more
Nominate the Year’s Top Sales and Leasing Brokers
Do you know a commercial real estate broker or team who made a big impact in 2020 amid the challenges… Read more
Ascentris, Cypress Claim Novus Innovation Corridor Tower
Denver-based Ascentris, in partnership with San Diego-based Cypress Office Properties, LLC, acquired 777 Tower at Novus in Tempe. The six-story… Read more