Arizona
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
Wealhouse, Western Wealth JV Secures $82M for Metro PHX MF Portfolio
A partnership between Wealhouse Capital and Western Wealth Capital secured $81.5 million to refinance a four-property, multi-housing portfolio in Metro… Read more
Paradise Valley Plaza Picked Up by Montana Investor
Billings, MT-based Cloud Peak Development, LLC acquired Paradise Valley Plaza in Paradise Valley from Solana Beach, CA-based Fenway Capital Advisors… Read more
Capital Square Hires Nick Headley as Senior VP
Richmond-based national investment sponsor Capital Square has hired Nick Headley as senior vice president of central sales. In his new… Read more
Harrison Street-Ryan-LCS JV Launches PHX Senior Living Project
Harrison Street, LCS and Ryan Companies secured financing to begin development of Clarendale Arcadia, a 248-unit senior living community in… Read more
Optima Opens 12-Story Kierland Resi Tower in North Scottsdale
Optima opened the 12-story, luxury apartment tower, 7140 Optima Kierland, in North Scottsdale. The property is comprised of 213 units… Read more
Cortland Claims Tempe’s MetroPointe Apartments for Nearly $100M
MetroPointe Apartments, a 415-unit multifamily property in Tempe, sold for $96.75 million. The buyer was Atlanta-based Cortland while the seller… Read more
CommonSpirit Claims MOB Space for Expanded COVID Testing
Stockdale Capital Partners signed a 9,727-square-foot, long-term lease to bring a CommonSpirit Health Reference Lab to Scottsdale. The deal will… Read more
Mattress Manufacturer Pre-Leases Merit, First Industrial Asset in Goodyear
PV 303 industrial park developers Merit Partners and First Industrial Realty Trust are shifting into the home stretch of development… Read more
RealPage’s Greg Willett: “Apartment Demand is Back”
U.S. rental apartment leasing rebounded strongly in the third quarter, RealPage said Thursday. The occupied apartment count climbed by 146,517… Read more
Trammell Crow, Principal Deliver Gilbert Gateway Commerce Center
Trammell Crow Company (TCC) and Principal Real Estate Investors delivered Gilbert Gateway Commerce Center, a 416,575-square-foot, three-building, Class A industrial… Read more
It’s Time to Nominate CRE’s Most Influential Women
The deadline is fast approaching to nominate candidates for our fourth annual Women in Real Estate Awards. We’re looking for… Read more
Landmark Phoenix Office Trades for $17M
The Fordham office complex in Phoenix traded hands for $16.75 million. The buyer was Corona, CA-based PE, LLC, while the… Read more