Arizona
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
Plans Unveiled for Mercy Medical Center MOB in Gilbert
Scottsdale-based Diversified Partners plans to develop Mercy Medical Center, an 80,000-square-foot medical office project in Gilbert. The 5.03-acre site is… Read more
KKR Expands Metro PHX Footprint with $43M Goodyear Deal
New York-based KKR acquired a 263,000-square-foot industrial distribution property in Goodyear from developers, Provident Real Estate Ventures and Merit Partners,… Read more
MG Properties Boosts Phoenix Portfolio with $145M Acquisition
San Diego-based MG Properties Group acquired Andante Apartments in Phoenix from Seattle-based Security Properties for $145.25 million. The 576-unit apartment… Read more
Artis REIT Divests Phoenix HQ Facility for $27M
Canadian-Based Artis Real Estate Investment Trust sold a 130,282-square-foot industrial manufacturing/R&D asset in Phoenix to Mapleton Investments, a Los Angeles-based… Read more
Newmark Closes First Recapitalizations in Two-State, 3,700-Unit MF Portfolio
Newmark finalized the recapitalization of two Avanti Residential multifamily properties located in Metro Phoenix. Milestone Real Estate Investors V, LP,… Read more
108-Acre Glendale Site Sold, 2.25M-SF Development Planned
Canada-based WPT Industrial REIT acquired a 108-acre industrial development site in Glendale for $23.2 million with plans to develop Sarival… Read more
DPC Development Claims Chandler Office Park for $65M
Denver-based DPC Development acquired The Park at San Tan, a mixed-use business center in Chandler, from Boston-based TA Realty for… Read more
Sares-Regis Sells Ahwatukee MF for $65M
Salt Lake City-based Millburn & Company acquired Allegro at Foothills Gateway, a 264-unit apartment complex in Phoenix from Newport Beach,… Read more