Arizona
Greenlight Delivers Pair of MF’s in Phoenix
Scottsdale-based Greenlight Communities completed development of two attainable housing neighborhoods in Phoenix. The first project is Cabana on Washington, a… Read more
Arizona Business Owners Stand Against Opening Too Soon
More than 400 small business owners in Arizona have signed a petition at Too Soon Arizona indicating they don’t plan… Read more
L.A.-Based 1031 Buyer Lands Scottsdale Airpark Creative Office, Airplane Hangar
Los Angeles-based Route 66 Properties LLC acquired a 39,520-square-foot creative office property and airplane hangar in the Scottsdale Airpark for… Read more
CapRock Closes Second Fundraising Round, Raises More Than $180M
Newport Beach, CA-based CapRock Partners closed a first and subsequent second round of fundraising for CapRock Partners Industrial Value-Add Fund… Read more
Banner Claims Space at Scottsdale’s SkySong
Banner Innovation Group leased 8,300 square feet at SkySong 2, a 150,000-square-foot Class A office property in Scottsdale. The department… Read more
Zoom Expanding in Phoenix to Meet COVID-19 Demand
San Jose, CA-based Zoom Video Communications Inc. plans to open a new research and development center in Phoenix. The videoconferencing… Read more
Apple Chip Maker, TSMC, Plans $12B Facility in Arizona
Hsinchu, Taiwan-based Taiwan Semiconductor Manufacturing Co. (TSMC), plans to invest roughly $12 billion to build an advanced semiconductor factory in… Read more
California Investor Snags Mesa’s Sycamore Station Site for MF Development
Pride Ventures, LLC II, a California-based investor and developer, acquired Parcel 1 in Mesa’s Sycamore Station for $3.8 million. The… Read more
George Oliver Adapts Downtown Chandler Redevelopment in Response to COVID
Phoenix-based George Oliver is making adjustments to The Alexander in downtown Chandler to accommodate needs in COVID-19 pandemic era. The… Read more
Omar Rawi Leaves Greystar for LPC West
In a move to drive its expansion into the mixed-use sector, LPC West hired real estate industry veteran Omar Rawi… Read more
Kidder Mathews Leases-Up Goodyear MOB Following Maytag Store Conversion
Cornerstone Medical Center is now fully leased, following four deals at the repurposed former Maytag appliance store in Goodyear. The… Read more
TSB Lines Up Senior Financing on Timber-Framed Cleveland Tower
TSB Capital Advisors, based in Phoenix, arranged an undisclosed amount of financing for Harbor Bay Real Estate Advisors’ INTRO multifamily… Read more
DAUM Directs Three Industrial Acquisitions in Greater Phoenix Area
DAUM Commercial Real Estate Services completed three acquisitions of industrial properties totaling nearly 60,000 square feet in the greater Phoenix… Read more
CBRE Secures $28M for Scottsdale’s Shops at Gainey Village
CBRE Capital Markets Debt & Structured Finance secured $27.87 million in financing for The Shops at Gainey Village, a 138,444-square-foot… Read more
Plaza Cos. Expands Ground Lease, Eyes Additional Development at SkySong
Plaza Companies expanded the footprint of SkySong in Scottsdale with the addition of 1.5 acres to its ground lease. Scottsdale… Read more
DPMG Buys 6.5 Acres in Chandler to Develop MXU Industrial Project
Phoenix-based DPMG Galveston LLC completed the $2.05 million purchase of 6.5 acres in West Chandler from Truwest Credit Union. DPMG… Read more
Nordstrom Permanently Closing 16 Full-Line Stores in Nine States
Seattle-based Nordstrom, Inc. outlined plans to increase flexibility and agility in serving customers and position the business for the long-term… Read more
Brookfield Buys Seven-Property Southwest Industrial Portfolio for $25M
Brookfield Property Group acquired seven single-tenant industrial properties from privately-owned investment firm, Lowenberg Corporation. The multi-state industrial portfolio was purchased… Read more
Arizona Gov. Ducey Accelerates Reopening for Restaurants, Barbers, Cosmetologists
Arizona Governor Doug Ducey accelerated the phased reopening plan for Arizona this week. He says, continued positive data trends from… Read more