Arizona
Investcorp Divests Eight Apartment Properties for $900M
Investcorp, with U.S. offices in Midtown Manhattan, said Tuesday it had sold eight multifamily properties located in Arizona, California, Florida… Read more
Avison Young Inks 11 New Tenants at Fry’s Marketplace-Anchored Center
Avison Young negotiated 11 leases for new tenants at The Post at Cooley Station, a 23-acre, 172,000-square-foot shopping center in… Read more
Desert Gateway II Divested in Off-Market Transaction
Los Angeles-based 36th Street Partners and Cale Enterprises completed the roughly $13.45 million sale of Desert Gateway II in Phoenix… Read more
Arizona’s Tallest Tower Approved in Downtown Phoenix
Scottsdale-based Empire Group’s Aspirant Development division received City Council approval to move forward on Astra Phoenix, a mixed-use multifamily and… Read more
Glendale Apartments Trade for $55M
Dallas-based S2 Capital acquired Eagle Crest Apartments in Glendale from an entity affiliated with EPI Property Management for $55 million.… Read more
Ventas, GIC Form JV on Research & Innovation Centers
Ventas, Inc. has formed a joint venture with GIC that will initially own four in-progress university-based research & innovation (R&I)… Read more
Bellwether Enterprise Expands National Footprint in Phoenix, San Diego
Cleveland-based Bellwether Enterprise Real Estate Capital LLC opened new offices in Phoenix and La Jolla. The commercial and multifamily mortgage… Read more
Hines Secures Financing, Launches North Phoenix MF Development
Houston-based Hines closed financing with Alliance Bank of Arizona and is set to begin construction on a new luxury multifamily… Read more
NexPoint Nabs Chandler Apartments for $84M
Dallas-based NexPoint Residential Trust and affiliate, Highland Capital, acquired The Fairways Apartments in Chandler from an entity connected with Bay… Read more
PCCP Claims Chandler MF from Carlyle-Kaplan Partnership for $95M
Los Angeles-based PCCP acquired the District at Chandler, a 340-unit, four-story apartment complex in Chandler for $95 million. The seller… Read more
Replay Destinations Acquires Phoenician Land, Plans Luxury Development
Vancouver, Canada-based Replay Destinations acquired 29.2 acres at The Phoenician, a Luxury Collection Resort in Scottsdale for the development of… Read more
Single-Tenant REITs to Merge, Creating $5.8B Portfolio
Griffin Capital Essential Asset REIT (GCEAR) and Cole Office & Industrial REIT (CCIT II) agreed to merge, with GCEAR acquiring… Read more
Seattle Ranks Highly in CBRE’s Annual Tech-30 Report
CBRE’s annual Tech-30 report shows tech employment has proven resilient during the pandemic. The tech industry’s share of U.S. office-leasing… Read more
Kennedy Wilson Completes $200M of MF Acquisitions in Arizona, Colorado
Beverly Hills, CA-based Kennedy Wilson and various investment vehicles managed by the firm acquired a trio of multifamily assets totaling… Read more
Additional Renter Relief Available as Arizona Eviction Ban Ends
Two key Arizona housing and rental relief funds are set to receive another $7 million injection from the state’s Crisis… Read more
Wood Partners Plans MF Development in Chandler
Atlanta-based Wood Partners submitted plans for Alta Chandler at the Park, a 293-unit multifamily development in Chandler. The four-story, three-building… Read more
Next Wave Refi’s PHX Apartments for $21M
Southern California-based Next Wave Investors secured a $21.285 million refinancing for Westover Parc, a 160-unit, multi-housing property in Phoenix. The… Read more
Passenger Counts Climb at Sky Harbor
Total passenger counts at Phoenix Sky Harbor International Airport continued to rise for the fifth straight month. The airport reported… Read more
Southwest Will Make O’Hare Debut with 20 Flights
Southwest Airlines Co. will initially fly 20 daily flights out of Chicago O’Hare International Airport beginning in February 2021, the airline… Read more