Arizona
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
Top Broker Honorees: Cliff David and Steve Gebing
Cliff David and Steve Gebing graduated from a friendship forged in high school to becoming a leading brokerage team at… Read more
PMB Joins Forces with Dignity Health for 2nd Phoenix-Area MOB
San Diego-based PMB is building a second medical office building (MOB) on the Dignity Health Mercy Gilbert Medical Center campus… Read more
$1B Investment Would Give Uber’s Self-Driving Unit a Tune-Up
Uber Technologies is in late-stage discussions with a group including SoftBank and Toyota on taking a $1-billion stake in Uber’s… Read more
Leon Capital Plans 380-Unit MF in Arizona
Dallas-based Leon Capital Group plans to develop a 380-unit multifamily community in Gilbert, AZ, near the SanTan Village Mall. The… Read more
SIOR’s 2018 Top Transaction Award Winners Announced
The Society of Industrial and Office Realtors (SIOR) announced its Top Transactions Award Winners of 2018. This year, 533 SIOR… Read more
Drachman, Rawson Form Investment, Development Company
John Drachman, founder of Stillwater Investment Group, and Sean Rawson, founder of The Waterford Group, have joined forces to create… Read more
LGE Breaks Ground on 800K-SF in Goodyear, AZ
Phoenix-based LGE Design Build, in partnership with Chicago-based Clarius Partners LLC, broke ground on The HUB at Goodyear in Phoenix’s… Read more