Arizona
TruAmerica Expands Phoenix MF Portfolio with $80M Deal
Los Angeles-based TruAmerica Multifamily acquired Pointe at South Mountain Apartments in Phoenix from an entity tracing to Phoenix-based ConAm Group… Read more
Atlanta Firm Acquires 41 Acres, Plans Goodyear Spec Development
Atlanta-Based MDH Partners bought roughly 41 acres in Goodyear from Merit Partners for an undisclosed amount. The commercial real estate… Read more
PennyMac Establishes Phoenix Office Presence with Full-Building Lease
PennyMac, the fourth largest lender in the U.S., signed a 74,625-square-foot lease at 3201 E. Elwood St. in Phoenix. The… Read more
MCA Realty Enters Puget Sound Metro with First Acquisition
MCA Realty acquired Lakewood Business Park, a 136,350-square-foot multi-tenant industrial asset in Lakewood for $18.2 million. The deal marks the… Read more
Expanding Semiconductor Manufacturer Inks Office Lease with ViaWest
Phoenix-based ViaWest Group signed a 46,735-square-foot office lease with Taiwan Semiconductor Manufacturing Company (TSMC) at the Canyon Corporate Plaza office… Read more
Watermark Divests Gilbert Apartments for $84M
Salt Lake City-based TM Equities acquired Watermark at Gateway Place, a 250-unit Class A multifamily community in Gilbert for $84.35… Read more
Milestone Adds Pair of Metro Phoenix MF’s for $85M
Dallas-based The Milestone Group acquired two multifamily assets in the Valley of the Sun for a combined total of $85.2… Read more
NY Life, SteelWave Grab 74-Acre Glendale Site for 1.1M-SF Spec Development
New York Life Real Estate Investors, on behalf of an institutional client, and fellow San Francisco-headquartered SteelWave acquired a 74-acre… Read more
Scottsdale’s Diversified Drops $55M for Two PHX MF’s
Two multifamily properties in Phoenix traded hands for a combined $55 million. Ascent 1829 was acquired by an entity affiliated… Read more
Virtua Launches Glendale Opportunity Zone Development
Scottsdale-based Virtua Partners broke ground on V Townhomes at Manistee Ranch, a new Opportunity Zone development in Glendale. The 5.78-acre… Read more
Enclave at Arrowhead for Sells for $63M
Enclave at Arrowhead, a 240-unit multifamily community in Peoria, traded hands for $63 million. R&V Management and Wermers Properties divested… Read more
Trammell Crow Commences Construction on Tolleson Logistics Facility
Trammell Crow Company (TCC), along with capital partner Clarion Partners, LLC., broke ground on Cowden Logistics Center in Tolleson. The… Read more
ViaWest Divests Final Property in SW Industrial Portfolio
Phoenix-based ViaWest Group sold ViaWest Sky Harbor Industrial to Austin-based Pennybacker Capital for $11.2 million. The 89,423-square-foot property is located… Read more
$192M ASU Sustainability Research Facility Hits Construction Milestone
Arizona State University’s new $192-million Interdisciplinary Science and Technology Building 7 (ISTB7) reached a key construction milestone and has topped… Read more
Bridge Investment Group Bags Pair of Tucson MF’s for $90M
Institutional Property Advisors’ (IPA), a division of Marcus & Millichap, brokered the sale of a two-property multifamily portfolio in Tucson… Read more
Opus Unloads Mesa Industrial for $36M
The Opus Group sold a 146,107-square-foot industrial building in Mesa to an entity affiliated with New York-based Lexin Capital for… Read more
Knightvest Acquires Shade at Desert Ridge for $87M
Dallas-based Knightvest Management acquired Shade at Desert Ridge from an affiliate of Canada’s The Ergas Group for $87 million. The… Read more
Irvine Investor Secures Financing for Nearly 1M-SF Industrial Portfolio
Irvine-based The Moulton Company secured a $69-million loan for a four-property industrial portfolio totaling 991,634 square feet across the southwestern… Read more
Sares-Regis Sells Phoenix Apartment Community for $90M
Alanza Place Apartments in Phoenix traded hands for more than $90 million. The 360-unit multifamily asset was acquired by a… Read more