Arizona
Investor Inks $73.25M Refi for Chandler Retail Center Portfolio
JLL Capital Markets arranged $73.25 million in permanent financing for the Chandler Shopping Center Portfolio, consisting of two shopping centers in… Read more
Avondale’s The BLVD Moving to Next Phase
The City of Avondale has selected Blueprints Capital and Whitten Development to develop entertainment, retail and restaurant attractions on a… Read more
Fitness, Apartment Venture Slated for PV
Life Time Living and Keebeck Real Estate are partnering on an upscale, lifestyle multifamily residence in Paradise Valley. The 11-story… Read more
BlackRock-Led Consortium to Acquire Aligned Data Centers
A BlackRock-led consortium known as the Artificial Intelligence Infrastructure Partnership (AIP) said Wednesday it would acquire 100% of the equity… Read more
Northmarq Arranges Financing for Casa Grande BTR Sale
Northmarq’s Phoenix Multifamily Investment Sales team has arranged the $30 million sale of Solana Place at Carlton Commons, a newly built 113-unit… Read more
Creation Finds Tenant Before Glendale Warehouse Construction Begins
Creation and QuarterMoore broke ground on Harbor Park, a two-building industrial complex spanning 9.69 acres in Glendale, which is already 67%… Read more
29th Street Buys Vintage Phoenix Apartments
Urban 148, a garden-style apartment complex located at 1609 W. Glendale Ave. in North Central Phoenix, has sold for $24.1… Read more
Phoenix Industrial, Office, Retail Absorption Rates On a Roll
CBRE has released its Q3 industrial, office and retail figures for Phoenix. For the industrial market, net absorption reached 6.4… Read more
ViaWest, Barings to Redevelop N. Phoenix Industrial Park
A joint venture between ViaWest and Barings has acquired Deer Valley Innovation Park with plans to redevelop the property into… Read more
U.S. Apartment Rent Growth Turns Negative for September
U.S. multifamily advertised rents fell $6 to an average of $1,750 in September in the worst one-month drop since November… Read more
Trammell Crow Starts Work on 1M-SF Phoenix Industrial Park
Trammell Crow Company (TCC) broke ground on West 101 Logistics Center, a five-building, 1,088,747-square-foot industrial development in Phoenix. The speculative… Read more
Dick’s House of Sport To Open in Glendale
DICK’S Sporting Goods will host a grand opening celebration on October 17 for its new House of Sport store in… Read more
TruAmerica Purchases 180-Unit Chandler Rental Asset
TruAmerica recently paid $40.1 million for a 180-unit apartment complex in Chandler, Arizona. Univest was the buyer. Newmark’s Chris Canter,… Read more
Scottsdale Apartments Trade for $555K a Unit
Institutional Property Advisors (IPA) announced the sale and financing of Scottsdale on Main, a 119-unit, luxury midrise multifamily asset in Scottsdale,… Read more
Hilton Hotel Added to Cannon Beach Lineup
The wave park in Mesa has been open just nine months, and several commercial opportunities at Cannon Beach have been… Read more
Costco, Hotels Planned Near TSMC Plant
The $65 billion Taiwan Semiconductor Manfucturing Company Plant in North Phoenix has attracted two more businesses, hoping to capitalize on… Read more
Fifth Third to Acquire Comerica in $10.9B All-Stock Deal
Fifth Third Bancorp and Comerica Incorporated said Monday they have entered into a definitive merger agreement under which Fifth Third… Read more
Lincoln Property Trades Phoenix Warehouse for $147M
Dollar Tree paid $147 million for one phase of the 3.75 million square foot Park303 Logistics Park in Glendale, Arizona.… Read more
Cardinals Building $200M Football Ops Center
The Arizona Cardinals have updated their plans for their new training facility. They will create a new building at Paradise… Read more