Arizona
Ryan, Cadence Commence Senior Living Development in Phoenix
Ryan Companies US, Inc., in partnership with Cadence Senior Living, is designing, developing and building Azure Mesa, an upscale senior… Read more
Wally Hale joins Avison Young in Phoenix from JLL
Avison Young expanded its team in Phoenix with the addition of Wally Hale, a leading office tenant representation specialist. Hale joins… Read more
$63.5M Refi for Scottsdale Plaza Resort
The Scottsdale Plaza Resort, a 404-room, full-service, independently owned and operated resort hotel in the heart of Scottsdale, AZ, received… Read more
Olympus Property Launches Eighth Fund with 869-Unit Buy
Olympus Property, based in Fort Worth, launched its eighth fund by closing on three multifamily properties in separate transactions. The… Read more
Phoenix’s Chase Tower Divested for $80M
Chase Tower, a 40-story office building in Phoenix, was acquired by a joint venture formed by Phoenix-based Wentworth Property Co.… Read more
Active Markets for Student Housing Development
While student housing developers continue to, well, develop, they are more focused on the sure thing; areas consisting of larger… Read more
ESI Ventures Sells PHX MF for 4X Purchase Price
ESI Ventures divested Madison Grove Apartments in Phoenix to Rincon Partners in an off-market transaction valued at $21.45 million. The… Read more
JLL Adds 14 MF Pros, Expands West, SW Footprint
JLL expanded its multifamily platform with the addition of 14 professionals across the West. Joining JLL in Phoenix from Walker… Read more
L5 Investments Partnership Acquires PHX MF for $27.2M
El Dorado Hills, CA-based L5 Investments, in partnership with MLA Properties and BH Equities, acquired Cielo Apartments in Phoenix for… Read more
Blackstone Acquires Arizona Biltmore in Phoenix for $403M
New York-based Blackstone Real Estate Advisors acquired the Arizona Biltmore resort in Phoenix from Singaporean sovereign wealth fund GIC for $403.4… Read more
Ryan Completes Two AZ Buildings for McKesson, Starts Another
Minneapolis-based Ryan Companies US, Inc. completed a 271,000-square-foot regional headquarters for McKesson, which is now home to more than 2,000… Read more
$65M Suburban Phoenix MF Asset Sale Closed by IPA
The Met at Fashion Center, a three-building, 303-unit multifamily investment property in Chandler, AZ, has sold for $64.8 million, which… Read more
Bluegreen Vacations Buys Éilan Hotel and Spa for $34M
Less than a month after FPA Multifamily closed on its buy of Éilan Luxury Residences in San Antonio, a Florida… Read more
NorthMarq Capital Secures $38.5M for Tempe, AZ Asset
NorthMarq Capital arranged $38.5 million in financing for Birmingham, AL-based Harbert Management Corporation (HMC) and San Diego-based Cypress Office Properties,… Read more
Hines Tops Out Arizona Office Development
Hines topped out the Offices at Chandler Viridian, the capstone to a mixed-use project that marks a new era for an… Read more
NorthMarq Adds 10-Person MF Investment Sales Team in Phoenix
A 10-person multifamily investment sales team headquartered in Phoenix joined NorthMarq Capital in a newly -reated NorthMarq Multifamily business. Formerly… Read more
Lincoln, Goldman Sachs Break Ground on 350K-SF Tempe Spec Office
Lincoln Property Company (LPC), Goldman Sachs and City of Tempe Mayor Mark Mitchell broke ground on the second Class A office building… Read more
How Millennials Drive Tomorrow’s Real Estate Trends
As Millennials in the U.S. settle into their 20s and 30s, affordable mid-sized tech hub cities, select city-center neighborhoods and… Read more
CRE Veteran Urges Connecticut to Accept $2B Sale-Leaseback Offer
CRE veteran Greg Kraut, who also serves on Westport, CT’s legislative body, is urging the state of Connecticut and its… Read more