Arizona
Multi-Tenant Retail Changes Hands in Greater Milwaukee
Quantum Real Estate Advisors has brokered the sale of a multi-tenant retail building at 4820-4860 S. 76th St. in the… Read more
MedMen to Acquire PharmaCann for $682M
Los Angeles-based MedMen Enterprises Inc. is acquiring Chicago-based PharmaCann LLC in an all-stock transaction valued at $682 million. It is… Read more
Cannabis Retailer Names former Walmart Exec as COO
Cannabis retailer MedMen Enterprises Inc. hired Ben Cook, a former executive with Walmart Inc. and Apple Inc. as chief operating… Read more
Average U.S. Rent Drops in September, Overall MF Outlook Remains Bright
September 2018 marked the first time in eight months that U.S. multifamily rents did not increase. The $1,412 national average… Read more
J.P. Morgan Chase to Lay Off More than 100
Weeks after USAA announced it would eliminate 265 jobs, J.P. Morgan Chase announced it would lay off 107 employees from… Read more
Liberty Unloads 5-Property Portfolio in Arizona for $255M
A five-building portfolio in metro Phoenix totaling nearly 806,000 square feet has traded hands for $255 million. Pennsylvania-based Liberty Property… Read more
Optima Kierland Breaks Ground on Next Phase of Scottsdale Condos
Construction commenced on the second phase of Optima Kierland Center, a high-rise luxury condominium and rental community in Scottsdale. The… Read more
Broadstone Yards Welcomes First Residents to Westside Atlanta MF
Phoenix-based Alliance Residential Company began welcoming the first residents to Broadstone Yards, an art-centered multifamily development in Atlanta’s West Midtown… Read more
Amazon-Leased Logistics Facility in Phoenix Sells for $100M
The Koll Company and Seera Investment Bank B.S.C.(c) reportedly sold Buckeye Logistics Center in Phoenix for $98.325 million to Boston-based… Read more
George Smith Partners Arranges Financing for $150M Arizona Spec Development
George Smith Partners completed $105.5 million in financing for a portion of The Watermark Tempe, a $150-million, mixed-use, ground-up development… Read more
KBS Signs Over 30K SF at Phoenix’s Anchor Centre
Newport Beach, CA-based KBS signed 31,333 square feet of leases Anchor Centre in Phoenix. The new deals involved BurnsBarton, First… Read more
Bixby Adds Pair of Industrial Buildings to Its Strategic Investment Initiative
Newport Beach, CA-based Bixby Land Company acquired two Class A industrial properties for $60.5 million. One asset is located in… Read more
Gulf-based Investor Purchases Two-Property Phoenix Office Portfolio
A two-property office portfolio consisting of three buildings in metro Phoenix were acquired by a Gulf-based, high-net-worth investor for $25.95… Read more
USAA Cutting 265 Real Estate Jobs
USAA, headquartered in San Antonio, announced it would eliminate 265 jobs at its bank in mid-November 2018. The job cuts… Read more
Landsea Homes Relocates HQ to Newport Center
Landsea Homes relocated its corporate headquarters to Irvine Co.’s 660 Newport Center Dr., a 16-story office tower in Newport Beach,… Read more
Avison Young Expands in Arizona
Avison Young launched a new project management practice group in Arizona, and named George Rubelsky to lead the effort. The licensed… Read more
Office, Industrial Markets Q&A with Colliers’ David Amsterdam
Creative workspaces are shaping the office environment across the country in new and interesting ways. Connect Media asked Colliers International’s David… Read more
Berkadia Secures $78M for Six Hotel Properties
Berkadia secured $78 million financing for six hotel properties in a portfolio of eight total hotel properties on behalf of… Read more
Investcorp Claims 7-Market, 4.5M-SF Industrial Portfolio for $300M
New York-based Investcorp acquired its largest U.S. warehouse portfolio, totaling roughly 4.5 million square feet, for a total purchase price… Read more