Arizona
CIM Provides $96M Loan for Scottsdale’s Galleria Corporate Center
CIM Group closed on a $95.6 million bridge loan provided to Stockdale Capital Partners, the owner of Galleria Corporate Center… Read more
Five Below Plans $75M Distribution Center in Buckeye
Five Below plans to begin construction this year on a $75-million distribution center at the southwest corner of Miller and… Read more
Avari 354-Unit MF Development Advances in Avondale
Lervick Investments, LLC received city planning department approval for its proposed development of Avari Apartments, a 354-unit apartment community in… Read more
Leasing Activity Accelerates at Uptown Phoenix Property
George Oliver’s CASA Class A creative office redevelopment in Phoenix’s popular Uptown neighborhood continues to experience strong leasing activity, despite… Read more
Canopy by Hilton Readies to Make Debut in Scottsdale Old Town
Miller Global Properties is set to open the Canopy by Hilton Scottsdale Old Town in September. The seven-story, 177-room hotel… Read more
Orange County Investor Acquires Phoenix Facility as Upleg in 1031 Exchange
Orange County, CA-based Safe Harbor Exchange, Inc. acquired a freestanding 40,720-square-foot industrial/flex building in Phoenix from Scottsdale-based VJ Black Canyon… Read more
PEG Proposes $150M Redevelopment in Old Town Scottsdale
Provo, UT-based PEG Companies proposes to develop The Triangle, a $150-million mixed-use project in Scottsdale that would preserve the historic… Read more
Medical Office Demand Rises in Phoenix Metro
Medical office leasing experts report demand for MOB space is on the rise in the Phoenix Metro. A case in… Read more
Amazon Acquires 92 Acres in West Valley
Amazon.com Inc. acquired a 91.5-acre parcel of land in Goodyear, reportedly for $19.85 million. The seller was California-based Rados Properties.… Read more
Fairfield Claims Newly Built Tempe MF for $73M
Fairfield Residential acquired Jefferson Town Lake, a 244-home, 1.6-acre luxury apartment community in Tempe from Irving, TX-based JPI, reportedly for… Read more
Amazon Launches Neighborhood Health Centers Pilot with Crossover
Seattle-based Amazon.com Inc. unveiled a health care pilot with Crossover Health to establish local, convenient health centers near Amazon fulfillment… Read more
CBRE Secures $22M in Acquisition Financing for Cold Storage Facility in Phoenix
CBRE Capital Markets Debt & Structured Finance arranged a $22 million loan for the acquisition of a 285,022-square-foot cold storage… Read more
Ryan-Led JV Delivers Third Phase of ASU’s Novus Innovation Corridor
Ryan Companies along with JV partner University Realty LLC, completed 777 Tower at Novus Innovation Corridor, a six-story, multi-tenant office… Read more
Builderz Warehouse Breaks Ground on Phoenix Distribution Center
Builderz Warehouse is expanding its footprint in Phoenix with a new $5-million distribution center. The 40,000-square-foot facility will be built… Read more
Greenlight Communities Breaks Ground on 244-Unit MF in Mesa
Scottsdale-based Greenlight Communities broke ground on Cabana on Power, a 244-unit multifamily development in Mesa. The site is located at… Read more
CapRock Claims Another Industrial Asset in Phoenix
Newport Beach, CA-based CapRock Partners acquired a newly constructed industrial building at 4615 W. McDowell Rd. in Phoenix, reportedly for… Read more
Merit Affiliate Acquires 83 Acres Near Sky Harbor, Plans 900K-SF Industrial Park
An entity formed by Phoenix-based Merit Partners acquired 83 acres of land in Phoenix and plans to construct a brand… Read more
Andrew McDonald Steps into Americas Chief Executive Role at Cushman & Wakefield
Cushman & Wakefield tapped Andrew McDonald to take over the helm of the Americas for the global commercial real estate… Read more
Evergreen Expands Phoenix Portfolio with Invesco Deal
Phoenix-based Evergreen Devco, Inc. acquired Chandler Pavilions, a 163,594 square-foot high traffic retail center in Chandler from Invesco for $10.52… Read more