Arizona
Denver Investor Picks Up Phoenix Industrial from BKM
Denver-based DPC Companies acquired a fully-occupied freestanding industrial building in Phoenix from Orange County-based BKM Capital Partners. The 35,403-square-foot property… Read more
KB Investment Development Claims Mesa’s Superstition Canyon Apartments
Newport Beach, CA-based KB Investment Development added Superstition Canyon, a 200-unit Class A low-density garden community in East Mesa, to… Read more
Arizona Business Leaders Submit Plans to Governor for Reopening Economy
Arizona business and industry leaders are submitting input for consideration, as the state figures out plans to reopen its economy.… Read more
ABI Brokers $26M East Phoenix Multifamily Deal
Phoenix-based ABI Multifamily closed the $26.45-million sale of the Monterey Village Apartments in Phoenix, AZ. The unnamed buyer is a… Read more
Land Advisors Sells 23-Acre Site in Surprise for MF Development
Land Advisors Organization Scottsdale sold a 22.99-acre site in Surprise that is planned for Trugold, a 245-unit multifamily development. The… Read more
Glendale AZ’s Metro at Zanjero Apartments Sell for $55M
San Diego-based Sunroad Enterprises acquired Metro at Zanjero, a 253-unit multifamily community in Glendale, AZ from Private Portfolio Group for… Read more
Downtown Phoenix Site Trades for Record $14M
Phoenix-based Glasir Capital Partners acquired 1.83 acres at 601 N. Central Ave. in downtown Phoenix for $14 million. Honeylou Reznik… Read more
Velocis Snags $34M Refi for Camelback Corridor Asset
CBRE Capital Markets Debt & Structured Finance arranged a $33.84-million loan for the refinancing of Park One, a 217,433-square-foot Class… Read more
Modular Builder Expanding Factory Footprint to Phoenix Area
Palo Alto, CA-based S2A Modular plans to build a $25 million facility in the Phoenix area in 2021. The sustainable… Read more
Leasing Momentum Continues at Midtown’s Park Central Mall Redev
District Medical Group’s Children’s Rehabilitative Services renewed a 56,000-square-foot lease at Park Central Mall in midtown Phoenix. The first large-scale… Read more
Bela Flor Proposes 80-Acre MXU Development in Mesa
Mesa-based Bela Flor Communities submitted development plans for Mountain Vista in Mesa. The 80-acre site at Signal Butte Road and… Read more
$500M Brookfield Commitment Fuels Launch of Fundamental Net Lease Platform
Phoenix-based Fundamental Income created a new net lease platform, Fundamental Income Properties. The platform received an initial equity commitment of… Read more
High Street Residential Scores LEED Gold for Phoenix MF
High Street Residential, the residential subsidiary of Trammell Crow Company, and MetLife Investment Management secured LEED Gold certification for the… Read more
Developer Plans 80-Acre Multi-Phased Industrial Project on West Valley Golf Course
Developer KW Projects submitted plans to develop nearly 80 acres of land at Camelback Road and 152nd Avenue near Luke… Read more
Waterford Q&A: Navigating Unprecedented Times
By Dennis Kaiser Waterford Property Company is an owner-driven diversified real estate investment and development company, with an established track… Read more
Globe Divests Phoenix Logistics Corridor Asset to KKR
A Class A, single-tenant industrial facility situated within the Freeport Center in southwest Phoenix traded hands for $17.3 million. The… Read more
Arizona Governor Says State Will Lead Reopening Economy
Government and business leaders across the United States are turning an eye toward a phased reopening from the COVID-19-related shutdowns.… Read more
Final Retail, Restaurant Buildings in Chandler Viridian Primegate Sold for $21M
Winlee Development sold the final component of Chandler Viridian Primegate, a four-building project in Chandler, AZ. The recently completed Thirsty… Read more
Vacant Mercer Island Redev Site Snagged for Nearly $47M
Minneapolis-based Ryan Cos. and Seattle-based HAL Real Estate acquired a nearly six-acre property on Mercer Island for $46.45 million. The… Read more