Arizona
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
P.B. Bell/MT Builders Sells Scottsdale Office Building in Sale-Leaseback Deal
Apartment developer P.B. Bell and Associates and MT Builders sold their 20,611-square-foot building at 8434 N. 90th St. in Scottsdale… Read more
Phoenix Cracks Top-10 “Best State Capitals for Renters” List
Phoenix has ended up on Rent Café’s “Best U.S. State Capitals for Renters” 2020 list. The Valley of the Sun… Read more
NexCore Group Launches Construction on 60-Bed Northwest Transitions
NexCore Group began construction on Northwest Transitions, a post-acute care (PAC) center for Northwest Healthcare and Community Health Systems (CHS).… Read more
180K-SF Life Time Happy Valley-Peoria Planned
Life Time Inc., a developer, owner and operator of luxury athletic resorts, announced plans for a 180,000-square-foot center in Peoria,… Read more
Customs and Border Protection Moving to TIA Executive Terminal
The U.S. Customs and Border Protection (CBP) is moving to its new location, at Tucson International Airport’s old executive terminal.… Read more
Graycor Takes Off With 82,500-SF SkyBridge Hangar
Graycor Construction Co. broke ground on an 82,500-square-foot, Class A hangar building at SkyBridge, a master-planned development at Phoenix-Mesa Gateway… Read more
Ogletree Deakins Stays Put, Renews at Camelback Esplanade
Ogletree Deakins opted to stay put in its space at Camelback Esplanade, inking a deal that will expand its space… Read more
Lincoln Property Breaks Ground on Park303, Phase I
Lincoln Property Co. (LPC), along with Roth Development Corp. and Scottsdale Investment Management LLC, launched construction on the first phase… Read more