Arizona
Beale Advancing Two Pima County Data Center Proposals
Data center developer Beale Infrastructure is making progress on two proposed data center projects in Pima County. AZBEX reports The Pima County Board… Read more
59K-SF Scottsdale MOB Purchased by Albany Road
Albany Road Real Estate Partners acquired Paradiso, a 59,400 square foot medical office property for $13.3 million. Mark IV Capital… Read more
Phoenix Okays Zoning for Expanded TSMC Campus
Phoenix City Council unanimously approved rezoning measures allowing industrial uses on a roughly 900-acre site directly south of TSMC. The… Read more
Mixed-Use Project, Sports Stadium Planned for Onetime Fiesta Mall Site
Fiesta Mall was once the focal point of the Mesa community. But it fell on hard times and it’s been… Read more
ASU Student Housing Developer Closes on $81.2M Financing
Fields Holdings obtained a construction loan in the amount of $81.2 million loan to finance the ground-up development of The… Read more
Trident Provides Financing for Mesa Light Industrial Deal
Trident Capital Partners provided $2.1 million for a light industrial facility in Mesa, AZ. The bridge loan, which carries a… Read more
$25B Data Center Greenlit Near Buckeye
The Maricopa County Board of Supervisors approved zoning for a data center on a 2,000-acre site at Hassayampa Ranch, near… Read more
Goodyear Buc-ee’s to Open Next Year
The announcement was made with significant fanfare. It’s more than just a gas station. When it opens, the Goodyear Buc-ee’s… Read more
McKinney Catches the Wave, Surf Resort on Way
Cannon Beach, a $200 million surf and adventure resort, is set to break ground on December 15 in McKinney. The… Read more
NexMetro Adding 23rd Phoenix BTR Community
NexMetro will officially open its 23rd Phoenix BTR community later this month. Avilla Western Garden will opens its doors at… Read more
DLC, DRA Partner on Five-State Retail Portfolio for $429M
Open-air shopping center owner-operator DLC and a fund managed by DRA Advisors have acquired an off-market, multistate shopping center portfolio totaling… Read more
Provident Building $80M Phoenix Industrial Park
Provident Industrial acquired 27 acres in Phoenix, Arizona, for the development of Aldea Exchange, a three-building Class A industrial park.… Read more
Arizona-Based PEM Adds to Georgia Portfolio
Professional Equity Management (PEM) paid $70 million for the Series at Riverview Landing. The Atlanta Business Chronicle reports the seller… Read more
Aviation Maintenance Group Opens $70M Marana Facility
Ascent Aviation Services (“Ascent”) debuted two new 90,000-square-foot wide-body maintenance hangars at its Pinal Air Park (MZJ) facility in Marana, Arizona.… Read more
Diversified Moving Ahead on Surprise Retail Center
Diversified Partners has plans for a new 16-acre mixed-use retail development located at the northeast corner of Cactus Road and… Read more
Former Phoenix Bank Tower Converting to Apartments
Kinella Capital has acquired One Camelback, a 163-unit commercial-to-multifamily conversion project in Phoenix. The project is taking shape at the… Read more
Trident Funds Acquisition Loan for Phoenix Retail Property
Trident Capital Partners, a real estate bridge lender specializing in tailored senior-secured financing solutions for commercial real estate nationwide, has… Read more
ASU Student Housing Complex Trades for $125M
Park Place Tempe, a 285-unit student housing complex near Arizona State University, was acquired by StonePeak for $125 million. The… Read more
Lincoln Unloads Luke Field Warehouse for $152M
Lincoln Property Company (Lincoln) and Goldman Sachs sold the 1.27 million-square-foot “Building C” industrial building at Luke Field. CoStar reports that… Read more