Arizona
Multifamily Rents Continue Growth, Slowdown is Apparent
Yardi Matrix’s April 2019 Multifamily National Report indicated that the multifamily sector remains consistent when it comes to rent growth,… Read more
Offerpad Opens 40K-SF HQ in Valley of Sun
Offerpad opened its new, nearly 40,000-square-foot state-of-the-art office in Chandler, AZ. The real estate tech firm moved its corporate hub… Read more
NKF, Yardi Reports: U.S. Multifamily Market Remarkably Consistent, Remains Top Investment Class
New research by Yardi Matrix and NKF reveal a host of interesting trends within the multifamily sector. Not only has… Read more
Harvard, Lincoln Campus in Mesa, AZ Nears 100% Occupancy
Recent leasing activity has brought Harvard Investments and Lincoln Property Company’s Waypoint office campus in Tempe, AZ to 98% occupancy.… Read more
CBRE, Trammell Crow Partner on North Scottsdale Land Sale
Dallas-based Trammell Crow Company acquired an 8.24-acre site in north Scottsdale from Liberty Property Trust for $11.5 million. The land… Read more
Continental Closes Four-Market Deal Involving 1,400+ MF Units
Connect Apartments is planned next month in Los Angeles. You can get more information and register to attend on this… Read more
Oakwood, WaterWalk Form Hospitality Brand Partnership
Phoenix-based Oakwood formed a partnership with Wichita, KS-based WaterWalk International to create a new hospitality brand, Oakwood WaterWalk. The purpose-built… Read more
BKM Receives $382M in Equity Commitments for 2nd Institutional Fund
Newport Beach, CA-based BKM Capital Partners announced the final close of its second institutional fund, BKM Industrial Value Fund II,… Read more
PCCP Provides Financing to IDM for Development of PHX MFs
PCCP, LLC provided two senior loans totaling $54.2 million to IDM Companies for the ground-up development of two multifamily complexes… Read more
California Cities Among Construction Costs Leaders
Two California cities, San Francisco and Los Angeles, were ranked among the markets with high construction costs, though one was… Read more
Pipe Manufacturer Lands New HQ, Distribution Facility in Valencia
Valencia Pipe Company Inc., a division of VPC Global, leased 170,990 square feet at Vista Business Park in Valencia, CA… Read more
Seefried, Crow Holdings Claim 40 Acres, Plan Logistics Park in Phoenix
Atlanta-based Seefried Industrial Properties and Dallas-based Crow Holdings Capital Real Estate acquired a 40-acre land site in Avondale, AZ where… Read more
Investcorp Acquires U.S. Distribution Center Portfolio for $170M
Investcorp’s U.S.-based Real Estate Investment team acquired a portfolio of eight single-tenant distribution properties across the country for a combined… Read more
PCCP, Hopewell Form JV for Three-Building Industrial Development in Phoenix
PCCP, LLC formed a joint venture with Calgary, Canada-based Hopewell Development for the speculative development of three Class A industrial… Read more
Catellus Breaks Ground on Dual-Branded Hotel in Tempe
Catellus Development Corporation plans to build a 259-room, dual-branded hotel to the Novus Innovation Corridor in Tempe, AZ through a… Read more
KBS, Verus Taps Transwestern for Historic Phoenix Assignment
Transwestern Commercial Services (TCS) was selected to provide leasing services for Madison Square, a four-building office campus with a rich… Read more
Chicago’s the Most Sought-After Rental Market in U.S.
Good news for Chicago’s rental apartment landlords: the city is currently the most sought-after rental market in the U.S. So… Read more
Parallel Capital Finalizes $25M AZ Center Renovation, Preps for Hotel
San Diego-based Parallel Capital Partners, Inc. finalized more than $25 million in renovations to Phoenix’s iconic Arizona Center, completing new creative… Read more
Newmark Realty Capital Completes $317M CRE Mortgages During Q1 2019
San Francisco-based Newmark Realty Capital, Inc. (NRC) closed $316.5 million of commercial mortgages during 1Q2019 across 56 transactions. The independent… Read more