Arizona
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
L.A. Scores Economic Bragging Rights
It’s been said that New York City isn’t very good at coming in second. In this case, though, it’s going… Read more
CIM Affiliated REIT Divests 18 Properties to ILPT for $625M
Affiliates of Phoenix-based Cole Office & Industrial REIT (CCIT II) closed on the previously announced sale of 18 industrial properties… Read more
2019 MOB Construction Forecast
Medical office building construction exceeded 12 million square feet in 2018, the highest total since 2009. But this year, despite… Read more
Fairlife Expanding, Building $200M+ Production Facility in Goodyear, AZ
A new 300,000-square-foot production and distribution facility is being built by fairlife, LLC in Goodyear, AZ. The more than $200-million… Read more
Construction Planned for 55K-SF Medical Pavilion in Tucson
San Diego-based PMB plans to commence construction this summer on a new class A, two-story 55,000-square-foot St. Mary’s Medical Pavilion… Read more
Kitchell Sells Freeway Logistics Industrial Complex in Phoenix
Phoenix-based Kitchell Development sold Freeway Logistics, a Class A, 230,422-square-foot industrial and distribution complex in Phoenix to CAM Industrial Fund… Read more
Balfour Pacific Snags First Metro Phoenix Acquisition in Resurgent Midtown Market
Vancouver, BC-based Balfour Pacific Capital Inc. reportedly acquired the 25-story Phoenix Corporate Tower in Phoenix’s midtown market from Colony Financial… Read more
WeWork Continues PHX Expansion with Four-Floor CBD Deal
New York-based WeWork established its first downtown Phoenix location at 101 North. The shared workspaces company will lease four full… Read more
Slowdown in Home Price Growth Comes to Chicago
Chicago home price increases have begun to lag after nearly a year of steadiness amid declining annual gains nationally. The… Read more
Cousins, TIER REIT Combine in $7.8B Deal, Create 21M-SF Sun Belt Portfolio
Atlanta-based Cousins Properties is merging with Dallas-based TIER REIT, Inc. in a 100% stock-for-stock transaction. The deal will create a… Read more
Alliance Divests Phoenix MF to Weidner for $84M
Kirkland, WA-based Weidner Apartment Homes acquired Broadstone Roosevelt Row, a 316-unit apartment complex in the heart of downtown Phoenix’s Roosevelt… Read more
Multifamily Numbers and Opportunity Zones
A great deal has been written about the Opportunity Zone program. Passed in December 2017 as part of the Tax… Read more
Conor Commercial, Globe Corp. Divest Arizona Facility for $27M
Rosemont, IL-based Conor Commercial Real Estate and Globe Corporation sold AZ|60 Industrial, a two-building, 225,600-square-foot facility in Gilbert, AZ for… Read more