Arizona
Iconic PHX Office Tower Trades for $81M
BMO Tower at Central Arts Plaza, a 24-story, 485,687-square-foot office building in Phoenix, has sold for $80.7 million. A joint… Read more
$1B Electric Semi-Truck Plant, 2,000 Jobs Coming to Arizona
Nikola Motor Co. plans to build a $1-billion manufacturing plant and relocate its R&D, as well as company headquarters to… Read more
Apple Partners with 12 Health Systems to Make Medical Records Available on iPhone
Apple debuted a new feature to its Health app that allows people to see their medical records on their iPhone.… Read more
C&W Report Identifies Fastest Growing Healthcare Markets
The fastest growing healthcare markets are also the same markets that boast the largest population of older Americans, according to… Read more
Frank Lloyd Wright’s Last Residential Project on the Market
In 1959, renowned architect Frank Lloyd Wright passed away. Before he did so, he left behind numerous architectural wonders that… Read more
Sprouts Rolls Out Instacart Grocery Delivery
Six cities in Riverside and San Bernardino counties can now utilize Instacart for home delivery of Sprouts Farmers Market orders.… Read more
$300M, 3.6M-SF Development Launched in PHX
Irwin G. Pasternack AIA + Associates PC and Pasternack Properties broke ground on TEN Distribution Center, a $300-million industrial park in… Read more
Dallas Investor Picks Up Phoenix MF for $110M
Dallas-based Knightvest Capital acquired the 768-unit Red Mountain Villas apartments in Phoenix for $110 million. The commercial real estate property… Read more
CBRE Negotiates 45K-SF Lease at Tempe’s The Circuit
On Q Financial signed a 44,603-square-foot lease at The Circuit in Tempe, AZ. The online provider of mortgage tools for… Read more
ViaWest Picks Up PHX Industrial for $60M
Phoenix-based ViaWest Properties LLC and a JV partner acquired 10 Chandler, a 553,317-square-foot industrial park in Chandler, AZ for $60… Read more
A List of Cities’ Outrageous Amazon HQ Bids
In September, Amazon announced its plans to build a second headquarters in a to-be-determined city. After releasing their statement, 238… Read more
Hines Inks 29K-SF Lease on PHX’s Camelback Corridor
Chicago-based RSM US signed a lease for 28,828 square feet of space at 24th at Camelback I in Phoenix. The… Read more
Claim Jumper Restaurant Building Trades in All-Cash Deal
New World, LP, a California Limited Partnership, acquired a free-standing restaurant in Temecula, CA occupied by Claim Jumper in South… Read more
Jevan Capital Keeps Buying, Nabs 6th MF Asset
Jevan Capital Pllc acquired the 224-unit Keystone at Alamo Heights apartment complex north of San Antonio in a value-add play.… Read more
$86M Financing for Arizona Office, Industrial Portfolio
Bethesda, MD-based Walker & Dunlop, Inc. structured three loans totaling $85.95 million for a four-property portfolio consisting of two Class… Read more
Transwestern, JDM Close $928M Sale-Leaseback with State Farm in Tempe
Corporate Properties Trust III LP, a partnership between Transwestern Investment Group (TIG) and JDM Partners LLC, closed on the acquisition… Read more
MG Properties Makes $101M Mesa MF Move
San Diego-based MG Properties Group acquired Lakeview at Superstition Springs Apartments in Mesa, AZ for $101 million. The 676-unit apartment… Read more
Roberts, Boyle Join Cushman & Wakefield in PHX from CBRE
A team of commercial real estate brokers who were part of one of the top producing offices in the Metro… Read more
Apple Exploring Options at Surprise AZ Chrysler Proving Grounds
Apple Inc. is kicking the tires on a former 5,500-acre Fiat Chrysler-owned proving grounds in Surprise, AZ as a potential… Read more