Arizona
It’s Time to Nominate the Year’s Top Brokers
The deadline is almost upon us to nominate commercial real estate’s top leasing and sales brokers for Connect Media’s third… Read more
Clarion Acquires Reno’s Lear Industrial Center for $117M
Clarion Partners LLC has acquired Lear Industrial Center in Reno, NV, for $117 million. The seller, Panattoni Development Company, originally… Read more
MXU Union @ Roosevelt Sells for $27M
Origin Investments acquired Union @ Roosevelt, a mixed-use project situated within downtown Phoenix’s Roosevelt Row district. The Chicago-based buyer paid… Read more
Western Wealth Continues Feeding MF Appetite, Pays $43M for Sonesta on University
Canadian buyer Western Wealth Capital continued its Phoenix-area investment, acquiring the 212-unit Sonesta on University for $42.5 million. Knightvest Residential… Read more
Amazon Expands Again, Leases 554K SF at West 202 Logistics Center
Amazon Inc. is planning another fulfillment center in the Phoenix area. The e-commerce giant is leasing a 554,000-square-foot distribution facility… Read more
RK Properties Sells 160-Unit Azure Creek in Maricopa for $36M
California-based RK Properties has sold Azure Creek, a 160-unit, garden-style multifamily asset in Maricopa, AZ. The company walked away from… Read more
Trammell Crow Reshapes Operations, Promotes Adam Nims, Adam Saphier
Trammell Crow Co. is consolidating its operational model from three regions to two, and creating expanded Eastern and Western Regions… Read more
Avilla Town Square Trades for $43M
NexMetro Communities sold Avilla Town Square, a 152-unit multifamily property in the suburban Phoenix city of Gilbert, AZ. Buyer Keller… Read more
Logic’s Wainwright on What’s Driving Southern Nevada Office Market
By Dennis Kaiser Logic Commercial Real Estate’s recent expansion of its Las Vegas brokerage team entailed the addition of Natalie… Read more
Rosewood Property Acquires Colorado Springs Self-Storage Center
Rosewood Property Co. shook hands with a Tucson, AZ entity to buy Front Range Self-Storage, a 658-unit property in Monument,… Read more
Palmer Development Launches Construction on the 234K-SF MXU Edge
Palmer Development Group of Scottsdale, AZ and New York-based Dominion Management Co. broke ground on The Edge, a mixed-use project… Read more
Sares Regis Seals Multifamily Fund at $328 Million
Newport Beach-based Sares Regis has closed out fundraising for its Sares Regis Multifamily Value-Add Fund III at $328 million in… Read more
Put Leading CRE Brokers into the Limelight
For the third consecutive year, Connect Media will be spotlighting the industry’s top brokers. We’re inviting you to help us… Read more
First McKinley Development Site Sells for $7M
Drapac Capital Partners ended its hold on First McKinley, a 1.7-acre site in downtown Phoenix. The buyer sold the property… Read more
Glacier House Sells 289-Key AZ Portfolio, Collects $80M
Glacier House Hotels sold a three-property, 289-room Arizona hotel portfolio to different buyers, walking away from the deals with a… Read more
Marriott Sells Sheraton Phoenix Downtown for $268M
Less than two years after acquiring the 1,000-room Sheraton Phoenix Downtown hotel, Marriott International Inc. sold the property to Blackstone… Read more
Toll Brothers’ 8-Acre Buy Paves Way for 402-Unit Development
TB 4100 N. Central Ave LLC, an entity formed by Toll Brothers, acquired 8.2 acres at Central Avenue and Indian… Read more
Pollack Real Estate Ends Hold on 94K-SF Sun Valley Plaza
Pollack Real Estate Investments ended its 15-year hold on Sun Valley Plaza, a 94,094-square-foot retail property in Mesa, AZ. The… Read more
Aragon Swaps 13,000 Apartments for $1.9B
An affiliate of Harbor Group International (HGI) has purchased a portfolio of 36 apartment properties totaling 13,243 units from Aragon… Read more