Arizona
Westcore Picks Up 332K-SF Fully-Leased N. Phoenix Industrial Property
Westcore acquired a three-building, 332,000 square foot industrial park in the Deer Valley submarket of Phoenix for $90.7 million. The… Read more
Costco, Sprouts to Open in Growing SE Tucson
Costco and Sprouts will increase their profiles in the Tucson metro area. Both will soon open a new store in… Read more
Nominate Commercial Real Estate’s Leading Investment Sales and Leasing Brokers
For the ninth year in a row, Connect CRE will spotlight commercial real estate’s leading investment sales and leasing brokers… Read more
Aldi Planning Dozens of Store Openings in SW USA
Discount grocer Aldi is expanding its presence in the Southwestern United States. The company announced on Monday that it plans… Read more
Empire Group Building 533-Unit Tempe Apartment Project
Empire Group of Companies will be building Revelry, a new Class A mixed-use high-rise community in Tempe. Revelry will feature… Read more
ViaWest, Barings Break Ground on 808K-SF Deer Valley Warehouse Project
ViaWest Group, in partnership with Barings, LLC, and Willmeng Construction, has officially broken ground on ReDiscover Logistics Park, an 808,400 square foot industrial… Read more
$120M Chemical Plant Slated for Casa Grande
KPPC Advanced Chemicals started work on Phase I of a $120 million chemical manufacturing plant in Casa Grande. The project… Read more
TSMC Wins State Land Auction, Adding to Expansive N. Phoenix Holdings
Taiwan Semiconductor Manufacturing Co. was the winning bidder during a recent Arizona State Land Department auction, with a bid of… Read more
Onetime Buckeye Battery Manufacturing Site Sells for $32.5M
At one time, a 214-acre site in Buckeye was touted as the location of a future $1 billion battery manufacturing… Read more
Sunstone Two Tree to Deliver 550 Phoenix-Area BTR Homes
Sunstone Two Tree is delivering homes across three new communities in Phoenix. When fully delivered, they will total more than… Read more
Portland-Based Firm Acquires AZ Industrial Property for $78M
Portland-based real estate company Schnitzer Properties recently acquired a flex-industrial space for more than $78 million in Gilbert, Arizona. Schnitzer… Read more
PCCP Provides $84M Loan for Phoenix Apartment Refi
PCCP provided an $84 million senior loan to Pacific Development Partners for the refinance of Montreux, a 335-unit, Class A… Read more
Investor Duo Sells Avondale USPS Distribution Center for $89.8M
Westfield and RGA ReCap offloaded the Fairway Commerce Center in Avondale, a 450,000 square foot distribution center. The $89.8 million… Read more
Benedict Canyon Equities Closes on Refi for 334-Unit Phoenix Rental Community
KeyBank Real Estate Capital secured a $53 million non-recourse, first mortgage loan for Benedict Canyon Equities to refinance existing debt… Read more
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