Arizona
Plans Unveiled for Kierland Sky Office Redevelopment
Developer Ted Akiba submitted development plans for Kierland Sky, a 534,000-square-foot office project at 14635 N. Kierland Blvd. in northeast… Read more
Retail Center Trades Hands Again in Glendale
Brittany Square, a 49,004-square-foot retail center in Glendale, has traded for the third time in the past few years. This… Read more
Glendale Apartment Community Goes for $14M in Value-Add Play
NKF Multifamily handled the $14.3-million sale of Royal Palms, a 138-unit property located at 5902 West Royal Palm Rd. in… Read more
Hines-Led JV Buys Land for Luxury Apartment Development in North Phoenix
Houston-based Hines, along with a joint venture partner, closed on 11 acres in north Phoenix with plans to develop a… Read more
Tower Capital Delivers $20M for Mesa Home2 Suites Development
Phoenix-based Tower Capital advised on more than $20.1 million in financing for the ground-up development of a 111-key Home2 Suites… Read moreGround Broken on 21-Story ‘Small Unit’ MF in PHX’s Roosevelt Row
Construction commenced on Ascentris’ 21-story Derby Roosevelt Row, Metro Phoenix’s first “small unit” apartment development. Located at 800 E. 2nd… Read more
JLL Arranges Nearly $1B for 17-Property, 7M-SF National Portfolio
JLL Capital Markets arranged $991.77 million in financing for a geographically diverse, 17-property portfolio totaling more than seven million square… Read more
Banyan, Bridge Break Ground on Landmark Scottsdale Entrada Opportunity Zone Site
Los Angeles-based Banyan Residential commenced construction on the long-anticipated Scottsdale Entrada development in Scottsdale. Bridge Investment Group is an equity… Read more
Newly-Delivered Self-Storage Facility Sold in Anthem
Cushman & Wakefield arranged the $18.2-million sale of Storage at Anthem, a 784-unit self-storage facility located in Anthem, AZ. Guardian… Read more
Hines Plans 1.1M-SF Spec Development in PHX’s West Valley
Houston-based Hines, together with funds managed by Oaktree Capital Management, L.P., bought 75 acres in Glendale for the future development… Read more
Metro Phoenix Renters Facing Eviction Receive Reprieve
The Arizona Supreme Court gave Maricopa County Justice Courts authorization this week to suspend mandatory timelines on eviction hearings. Due… Read more
Buyer Snags Chandler Medical and Dental Center Through Exchange
A Tempe, AZ-based investor acquired Chandler Medical and Dental Center as part of a 1031 Exchange transaction. McDowell Enterprises, headquartered… Read more
West 202 Logistics Center Trades for $61M
Trammell Crow Co., developer of West 202 Logistics Center, sold the 554,331-square foot property in Phoenix. Buyer Cohen Asset Management… Read more
Christopher Todd-Branded SFR Communities Sell to Inland Real Estate
Inland Real Estate Acquisitions LLC, acting on behalf of Inland Real Estate Group of Companies Inc., struck a deal with… Read more
Voit Acquires 73K-SF Progressive U.S. 60 Commerce Center
The Voit Co. acquired Progressive U.S. 60 Commerce Center, a 73,178-square-foot, Class A industrial building in Gilbert, AZ. The buyer… Read more
Root Insurance Becomes Inaugural Tenant at 2625 at Chandler Freeway Crossing
Billion-dollar start-up auto-insurance company Root Insurance was the first to sign a lease in 2625 at Chandler Freeway Crossing, a… Read more
TruAmerica Pays $54M to Buy 306-Unit Mission Springs Apartments
TruAmerica shook hands with 29th Street Capital of Chicago to acquire Mission Springs Apartments, a 306-unit multifamily asset in Tempe,… Read more
CBRE Global Investors-Sponsored Fund Snags Last-Mile Distribution Facilities
A fund sponsored by CBRE Global Investors acquired two fully leased, build-to-suit, last-mile distribution facilities in Goodyear, AZ and Orlando,… Read more
IDM Cos. Secures $49M Construction Loan for 458-Unit Acero Algodon
Canadian developer IDM Cos. secured a $49.2 million senior loan for ground-up development of Acero Algodon, a 458-unit garden-style multifamily… Read more