Arizona
Phoenix Retail Vacancy Rates Lowest Ever
Vacancy rates for Phoenix retail property continue to shrink across all Phoenix submarkets – with the total vacancy rate in… Read more
JV Planning N. Phoenix Dual-Branded Hotels
Jackson-Shaw and Holualoa Cos. are teaming up to build a dual-branded hotel within the Norterra master-planned community in north Phoenix.… Read more
Dominium Adding 1,000 Phoenix-Area Workforce Apartments
In a span of two days, apartment developer Dominium will hold groundbreaking events for over 1,000 affordable housing units at… Read more
LPC Desert West Helming $515M Phoenix Industrial Project
LPC Desert West is going all in on Phoenix’s west side. The southwest arm of Lincoln Property Company announced the… Read more
40-Unit Luxury BTR Community Slated for Arcadia
Hawkins Development has selected Mosaic as their general contractor to revitalize the currently vacant commercial lot at 2920 N. 56th… Read more
Brixton Acquires 300-Unit Phoenix Apartment Complex
Brixton paid $82 million for a Phoenix warehouse district apartment complex. Wood Partners sold the 300-unit Alta Warehouse. A CBRE… Read more
Phoenix Industrial Market Stays Hot
Phoenix continues to surge in the industrial real estate market when it comes to new deliveries and rental rates. While… Read more
Stream Hires Away Four JLL Brokers for Phoenix Office
Dallas-based Stream Realty Partners LP has hired four office leasing brokers from JLL: managing directors John Bonnell and Brett Abramson,… Read more
Phoenix Suns Building $100M HQ/Mercury Facility
The Phoenix Suns and WNBA Phoenix Mercury unveiled plans for a new team member business headquarters and a dedicated practice… Read more
Camelback Corridor Office Flips for $72.1M
LPC Desert West (LPC), a division of Lincoln Property Company, has sold the landmark 3131 and 3133 Camelback to an entity… Read more
N. Phoenix Apartment Rental Sells for $80M
A 292-multifamily asset in Phoenix sold for $79.25 million or $271,404 per unit. The property, Cabana Happy Valley, is in North… Read more
Priderock Capital Garners $130M for Phoenix Multifamily Community
Arcadia Cove, a 432-unit multifamily community in Phoenix, was acquired by Blue Rock Capital for a sales price of $… Read more
Vestar Wants Shoppers to Stay Cool
In spite of days that often exceed 110 degrees in the summer, Phoenix has a number of outdoor malls. Mall… Read more
Convexity to Add to Phoenix Apartment Boom
Convexity Properties is looking to build a 24-story, 318-unit apartment building at Second and Portland streets. The company filed their… Read more
Historic Phoenix Hotel Set for $80M Revamp
Located at the southwest corner of Central Avenue and Van Buren Street, the Hotel San Carlos was built in 1928… Read more
TMSC-Effect Causing N. Phoenix Building Boom
In Austin, Texas it’s being called the Tesla-effect; a significant about of construction activity near the $10 billion manufacturing plant.… Read more
Phoenix Okays 1,890 Apartment Units/More on Way
The Phoenix City Council had a busy day earlier this week, approving three separate apartment developments, consisting of 1,890 units.… Read more
Suncrest to Debut First Phoenix BTR Community
Suncrest has built 24 master-planned communities, but to date, none have been build-to-rent (BTR) projects. Phoenix is considered ground zero… Read more
Phoenix BTR Community Sells for $87.85M
Berkadia represented the seller, Harvard Investments, in the sale of FirstStreet at Happy Valley, a 212-unit, cottage-style, built-for-rent property in… Read more