Arizona
Landmark Expands into Turnkey Data Center Sector with PHX Acquisition
El Segundo, CA-based Landmark Dividend LLC acquired a data center campus located in Phoenix. The 184,000-square-foot, 16+ MW enterprise data… Read more
Westcore Acquires Phoenix Industrial Property for $12M
Westcore acquired a 148,689-square-foot, Class A industrial warehouse located at 4455 West Camelback Rd. in Phoenix for $12.4 million. The… Read more
1031 Exchange Buyer Bags Tucson Safeway for Nearly $11M
South Lind Square, LLC completed a 1031 exchange involving the purchase of the Safeway at La Toscana Village in Tucson… Read more
Red Development Employees Get Free Meals at Portfolio Tenants
Phoenix-based Red Development launched a program that allows its employees to eat at restaurants within the company’s portfolio and be… Read more
Domain Capital, Simpson Housing Form $1B JV with PFA Pension
Atlanta-based Domain Capital Group, LLC’s subsidiary, Domain Capital Advisors, and Simpson Housing LLLP completed a joint venture with PFA Pension… Read more
Data Centers Continue Upward Trajectory
Data center absorption rates in U.S. major markets posted a new record of 396.4 megawatts in 2019, a 33% gain… Read more
CBRE Arranges Sale of Fountain Hills MF for $64M
CBRE arranged the $63.5-million sale of Park Place at Fountain Hills, a Class A multifamily community located in Fountain Hills,… Read more
Andrew Lundahl Joins Western Retail Advisors
Phoenix-based Western Retail Advisors expanded its Investment Sales group with the addition of Andrew Lundahl, who joins the firm as… Read more
Arizona GDP Growth Among Nation’s Top in 2019
The Bureau of Economic Analysis ranked Arizona among the top states in the nation for gross domestic product growth, both… Read more
Seattle Drops on Construction Crane Index
Seattle no longer holds the crane count crown on Rider Levett Bucknall’s Crane Index. The Emerald City’s 36 cranes is… Read more
Bob Kline Joins Colliers Debt and Structured Finance Team
Bob Kline joined Colliers International as Managing Director of Debt and Structured Finance in the Southwest Region. Kline will be… Read more
Dallas-Based Developer Buys Kierland Site for MF Project
Dallas-based Leon Capital acquired 1.74 acres in the Kierland submarket of Northeast Phoenix, with plans to develop a multifamily project.… Read more
Nationwide Proposes Next Development Phase of Scottsdale MXU
Nationwide Realty Investors submitted plans to develop the next phase of office buildings at Cavasson, a master-planned development underway in… Read more
Virtual Building Inspection Completed on Bothell Starbucks During COVID-19 Shutdown
Avalon Development tapped technology to complete a virtual inspection on a Starbucks store in Bothell. The use of FaceTime allowed… Read more
Walker & Dunlop Provides $340M Acquisition Financing for Cortland
Bethesda, MD-based Walker & Dunlop, Inc. structured $340,097,797 in financing for Atlanta-based Cortland’s landmark acquisition of PURE Multi-Family REIT. The… Read more
Raytheon, Aerojet Rocketdyne Strike $1B Strategic Sourcing Deal for Missile Programs
Tucson-based missile maker Raytheon Co. signed a new $1-billion multiyear deal for propulsion systems with California-based Aerojet Rocketdyne. The deal… Read more
ViaWest Names Todd Weiss to C-Level Post
Phoenix-based ViaWest Group expanded its leadership team with the addition of Todd Weiss. He joins as Chief Operating Officer, after… Read more
CapRock Claims Recently-Delivered Distribution Facility in Phoenix
Newport Beach, CA-based CapRock Partners acquired the newly-constructed 7200 W. Roosevelt St. in Phoenix. The industrial real estate investment and… Read more
Arizona Tourism Group Works to Find Jobs for Displaced Hospitality Workers
The Arizona Office of Tourism partnered with the Arizona Commerce Authority Office of Economic Opportunity to launch a new resource… Read more