Arizona
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
ON Semiconductor Acquiring Hudson Valley Fab Plant in $720M Deal
Phoenix-based ON Semiconductor is expanding its operations in New York state by purchasing and preserving the existing GlobalFoundries Fab 10… Read more
Conor, Globe Assemble 19 Acres, Plan Phoenix Spec Industrial
Conor Commercial Real Estate assembled 18.8 acres in Phoenix’s land-constrained Sky Harbor Airport submarket for a spec industrial development. Airport… Read more
Global Medical REIT Acquires IRF Portfolio for $94M
Bethesda, MD-based Global Medical REIT Inc. acquired four inpatient rehabilitation facilities from affiliates of CNL Healthcare Properties, Inc. for an… Read more
Where Retirees Are Headed, and Where They’re Coming From
For decades, it has been a cliché: retirees pulling up stakes from harsher winter climes up north, and living out… Read more
Yardi Matrix: A Steady March for Multifamily
Yardi Matrix’s March 2019 multifamily report showed that U.S. rents remained steady, with rent increases during the month led by… Read more
Travis Rodgers Joins NAI Partners
NAI Partners hired commercial real estate veteran Travis Rodgers as Executive Vice President. In this newly-created position, Rodgers will work… Read more
IPA Brokers $30M Phoenix Metro MF Sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the $30-million sale of Modern on Gilbert, a 265-unit… Read more