Arizona
Financing Today’s Deals: Plenty of Runway but Preparing for a Downturn
By Dennis Kaiser A standing-room crowd of nearly 500 commercial real estate leaders gathered last week at The Resort at… Read more
Shuttered Sports Authority to Become New Entertainment Venue
A 55,000-square-foot closed Sports Authority space at 4720 Alexander Blvd. N.E. in Albuquerque, NM, has a new lease on life.… Read more
Hines Partners with Watermark, MorningStar on Senior Developments
Developer Hines launched a senior living program that will lead to senior housing developments with best-in-class operators. So far, the… Read more
$87M Construction Loan Closed on Westin Tempe
CAI Investments LLC obtained $86.5 million in construction financing for the 290-key Westin Tempe, in downtown Tempe, AZ. The Las… Read more
Downtown Seattle’s 400-Unit ‘Broadstone First Hill’ Listed
A two-property multifamily development has hit the market in downtown Seattle. The developer, Phoenix-based Alliance Residential Company, has enlisted Cushman… Read more
Nike Buys 900K-SF Lincoln Logistics 40, Pays $70M
Nike Inc. paid $69.8 million to a joint venture consisting of Lincoln Property Co. and Goldman Sachs Group Inc., for… Read more
Bascom Completes $235M 11-Property MF Portfolio Refi
Irvine, CA-based The Bascom Group, LLC completed a $235-million refinance of an 11-property multifamily portfolio spanning five states. Most the… Read more
Waypoint $108M Sale Breaks Phoenix-Metro Record
Harvard Investments and Lincoln Property Co. sold the Waypoint suburban Class A office campus for $107.6 million to Innovatus Capital… Read more
Buchanan Street Sells Quattro in PHX for $44M
Buchanan Street Partners ended its hold on Quattro, a 264,994-square-foot, flex office property in Phoenix’s Cotton Center Business Park. The… Read more
Next Generation Honoree: Holland Partner Group’s Chad Encinas Focuses on Placemaking at Multifamily Properties
Holland Partner Group’s Chad Encinas is a Development Manager in Portland who is keenly interested in urban development and great… Read more
Next Generation Honoree: CBRE’s Daniel Baker Leverages Research Background with Ambition
Daniel Baker works with CBRE’s Multifamily Team in Dallas and National Multifamily Partners Group, assisting with multifamily dispositions throughout North… Read more
Report: U.S. Multifamily Rents Continue Positive Momentum
U.S. multifamily rents have continued their upward trajectory with a 3.4% year-over-year increase in July 2019, according to a new… Read more
191K-SF Data Center in AZ Sells to CBRE Global Investors
CBRE Global Investors acquired a 191,061-square-foot data center in Chandler, AZ from Lincoln Property Co.’s Lincoln Rackhouse. The buyer paid… Read more
JLL Income Property Trust Claims Chandler MF for $72M
JLL Income Property Trust acquired Summit at San Marcos, a newly-developed 273-unit apartment community in the Phoenix suburb of Chandler,… Read more
Q2 Phoenix Office: Job Creation Supports Positive Absorption
The Greater Phoenix area continues leading the country in job creation. And, according to reports from brokerages throughout the region,… Read more
Commercial Real Estate’s Fastest-Growing Media Company Signs Leases on Both Coasts
Connect Media has signed leases in New York and Los Angeles, and secured office space in Atlanta at co-working provider… Read more
Apartment Turnover Rate Continues to Fall; Lowest in Two Decades
New research by Los Angeles-based CBRE shows multifamily turnover, the percentage of total rented units not renewed each year, fell… Read more
Capital Partners Snags Warehouse in PHX-Area Opportunity Zone
Capital Hall Partners acquired a 1960s vacant warehouse in Tempe, AZ. The Southern California buyer shook hands with a local… Read more
BH Properties Expands Arizona Footprint, Invests $55M
BH Properties of Los Angeles targeted investments further east — in Arizona — spending a total of $55.3 million for… Read more