Arizona
Vestar Sells 254K-SF Crossroads Towne Center for $62M
Vestar ended its hold on Crossroads Towne Center, a 254,109-square-foot shopping center in Chandler, AZ. The Phoenix-based Vestar sold the… Read more
Gold Leaf Farming Acquires 36-Acre Bard Valley Date Farm
Gold Leaf Farming has acquired 36-acres of farmland in Imperial County, CA’s Bard Valley with plans to continue operating the… Read more
Construction Commences on $118M ASU-Phoenix Residence Hall
Capstone Development Partners broke ground on a $118-million, mixed-use, student-housing project serving students attending Arizona State University’s downtown Phoenix campus.… Read more
Evergreen Sells Five New Retail Assets for $33M
Phoenix-based Evergreen Development Company has sold five new-construction retail buildings in transactions totaling $33 million at Eastvale Marketplace, a recently… Read more
Chicago Fund Snags 202-Unit Aspens at Mariposa Point
A fund managed by Green Courte Partners LLC of Chicago bought its 11th senior housing property, the 202-unit Aspens at… Read more
35K-SF Abrazo Cave Creek Hospital Planned
Abrazo Health is set to begin construction on a microhospital in Cave Creek, AZ. Situated just outside of Phoenix, the… Read more
Connect Houston: Multifamily Metrics Below Projections, But Still OK
In August, 2019, Ten-X Commercial ranked Houston as the nation’s top “buy” market for multifamily real estate. Six months later,… Read more
Direct Retail Partners Becomes 417K-SF Market Heights Shopping Center Owner — Again
In 2008, Direct Development delivered the Market Heights Shopping Center, a 417,167-square-foot regional lifestyle center in Harker Heights, TX. Twelve… Read more
Cousins Properties, Hines Collaborate on 287K-SF 100 Mill
Cousins Properties and Hines joined forces to begin development on 100 Mill, a $153-million, 287,000-square-foot, 18-story office tower in Tempe,… Read more
Q4 Phoenix Office: Shrinking Vacancies, “Lofty” Absorptions
Phoenix’s office market in Q4 2019 showed a great deal of strength, with commercial real estate analysts pointing to positive… Read more
BKM Acquires Multi-State Industrial Portfolio for $425M
Newport Beach, CA-based BKM Capital Partners has acquired an industrial portfolio encompassing 11 properties located in Arizona, Northern California, Southern… Read more
168K-SF Industrial Portfolio Sells for $17M
ViaWest Group ended its hold on a three-building, 100%-leased industrial portfolio in the Phoenix area. The 167,518-square-foot portfolio traded to… Read more
Palladium Enterprises Readies to Break Ground on $75M, MXU GRID
Palladium Enterprises, in partnership with the city of Mesa, AZ and Benedictine University, will launch construction late this month on… Read more
Southwest Value Partners Acquires 613-Room Hospitality Portfolio
Southwest Value Partners completed the acquisition of two hotel properties in Scottsdale, AZ. The San Diego buyer has ownership rights… Read more
Goettl Air Conditioning Buys Land for HQ and “School”
Eighty-year-old Goettl Air Conditioning & Plumbing acquired six acres at 8701 E. McDowell Rd. in Scottsdale, AZ, paying approximately $5… Read more
Sparrow Partners Begins Work on 193-Unit Mera City Center
Sparrow Partners launched construction on the first of four planned active-adult communities in the Phoenix area. The Austin-based developer broke… Read more
Atari Unveils Plans for Video-Game-Themed Hotel
Game designer and developer Atari is entering into a new business line: Video-game-themed hotels. The first Atari Hotel is scheduled… Read more
Bluerock Real Estate Snags 254-Unit Avenue 25
Bluerock Real Estate LLC struck a deal with Milburn & Co. to acquire Avenue 25, a 254-unit multifamily complex in… Read more
Lincoln Property Sells Historic Luhrs Building for $14M
Lincoln Property Co. sold the historic, 108,000-square-foot Luhrs Building to PEG Companies, a Provo, UT-based buyer, and A.G. Hill Partners… Read more