Arizona
Bird Dog Industrial Buys Mesa Land, Plans 330K-SF Development
Phoenix-based Bird Dog Industrial acquired roughly 19 acres in Mesa’s Gateway area for $5.8 million and plans to develop Power… Read more
Cypress West Claims Phoenix MOB, Boosts AZ Portfolio
Cypress West Partners acquired a pair of single-story medical office buildings at 2264 and 26232 N. Tatum Blvd. in Phoenix.… Read more
Arizona’s Molly Ryan Carson Selected as 2021 Chair of NAIOP Corporate Board
Arizona-based Molly Ryan Carson was selected as Chair of NAIOP’s Corporate Board for 2021. Carson, SVP of Real Estate Development… Read more
Greystone Provides $18M for Oro Valley MF
New York-based Greystone provided $18 million in HUD-insured financing for Oro Vista Apartments, a 138-unit multifamily property in Oro Valley,… Read more
North Scottsdale Lofts Redevelopment Signs Anchor Tenant
Scottsdale-based George Oliver and Vancouver-based Kootenay Holdings signed a new anchor tenant lease with Solidifi Title & Closing at LOFTS… Read more
Kennedy Wilson Acquires Tempe MF for Nearly $70M
Los Angeles-based Kennedy Wilson Multifamily acquired Apache Station Apartments in Tempe for $69.75 million. Danville, CA-based Green Leaf Partners sold… Read more
Newly-Built Garden-Style Phoenix MF Goes for Nearly $35M
Elux at Tramonto, a 138-unit garden-style multifamily property in Phoenix, traded hands for $34.7 million. Scottsdale-based Snowdon Partners divested to… Read more
Kidder Mathews Handles Tempe Office Center Deal
Tempe Office Center, a two-building, 24,381-square-foot business park located at 950 W. Southern Ave. and 3225 S. Hardy Dr. in… Read more
Western Wealth Cuts $117.5M Deal with Bridge for Tempe MF
Canadian investor Western Wealth Capital acquired Onnix Apartments, a 659-unit multifamily property in Tempe for $117,500,000. The seller was Salt… Read more
CBRE GI Fund Acquires 3-Building Portfolio
NAI Hiffman brokered the sale of a three-building industrial portfolio in the western Chicago suburb of Bartlett, IL and Phoenix. The… Read more
Apartment Fundamentals Rebound from Shaky First Half of 2020
From the standpoint of investor demand, the apartment sector remains at or near the top of the class, rivaled only… Read more
CBD Products Firm Relocates HQ to PHX’s Metro Industrial Center
DAUM Commercial Real Estate Services arranged the 7.5-year lease of a nearly 16,500-square-foot flex/industrial building at Metro Industrial Center in… Read more
Cortland Claims Trophy Camelback Corridor MF for $117M
StreetLights Residential and Nexpoint Advisors divested The Angela, a 253-unit Class A multifamily community that delivered last year in Phoenix.… Read more
Berkadia Arranges Deal in Westover Hills
Berkadia arranged the sale and financing of Legacy Creekside, a newly built, 338-unit garden-style apartment community in San Antonio’s Westover Hills… Read more
One Size Doesn’t Fit All in New Phoenix Office Landscape
Phoenix’s business-friendly environment and diverse workforce continues to attract new tenants to the market and support existing companies as they… Read more
Land Rush Accelerates in Arizona
Phoenix-based Vermaland signed multiple solar land lease deals that illustrate an intriguing trend occurring in Arizona. Land is at a… Read more
Peoria MF Receives $51M Freddie Mac Cash-Out Refi
An affiliate of the Aukum Group received $50,764,000 in Freddie Mac cash-out refinancing for Tuscany Ridge, a 336-unit multifamily property… Read more
Tourism Spending in Arizona Down $9B in 2020
Arizona Office of Tourism’s most recent report shows visitors to Arizona spent $8.5 billion through the first eight months of… Read more
Tucson’s Barbi Reuter Selected as CREW Network President-Elect
Cushman & Wakefield, PICOR’s Barbi Reuter is among seven commercial real estate leaders elected to the CREW Network global board… Read more