Arizona
Canadian Fund Acquires Two Southwest MF Assets for $155M
Toronto-based Starlight U.S. Multi-Family (No. 1) Value-Add Fund acquired two properties located in Round Rock, TX and Phoenix, comprising 943… Read more
Goldman Sachs Acquires Office Asset in Phoenix for $82M
Archon Acquisition LLC, a Goldman Sachs company, purchased 3131 and 3133 Camelback, a two-building office asset in Phoenix from TR… Read more
Oceanside Flex Industrial Asset Goes for $9.2M
Connect Industrial is heading to Chicago, June 28th. Here’s where to get more details and register. Cornwell Business Center, a two-building flex… Read more
How Does California Stack Up on Startup Activity?
The five U.S. metro areas with the highest startup activity in the 2017 Kauffman Index of Startup Activity were Miami,… Read more
UPS Takes All of First Industrial’s Phoenix Facility
Connect Industrial is heading to Chicago, June 28th. Here’s where to get more details and register. UPS leased First Industrial Realty Trust’s… Read more
Colorado’s Tiffany Square Acquired by U-Haul Amerco
Tiffany Square, a 184,219-square-foot office building in Colorado Springs, CO, traded hands. Phoenix-based U-Haul Amerco Real Estate Company acquired the… Read more
$85.3M Phoenix-Area MF Sale Largest of Year
Seattle-based Security Properties acquired Andante, a 576-unit multifamily complex in Ahwatukee, AZ, an affluent suburb south of Phoenix. The apartment… Read more
$100M, 31-Story Tower Planned at Phoenix’s Arizona Center
West Palm Beach, FL-based North American Development Group plans to develop a $100-million, 350-unit residential tower in downtown Phoenix at… Read more
Phoenix Market Solidifies Position as Top Data Center Cluster
Two massive data center development deals moved forward in the Phoenix metro. One involves a $500-million data center expansion project,… Read more
Restaurants Expand Into Major Redevelopment Project
Restaurants Flower Child and North Italia plan to open second Austin locations inside a 500,436-square-foot building currently undergoing redevelopment in… Read more
Richard Caterina Joins Heitman’s Debt Group
Chicago-based Heitman LLC appointed Richard Caterina senior vice president in its real estate debt group. Caterina, who is based in… Read more
What Were April’s Largest CMBS Delinquencies?
The Trepp CMBS Delinquency Rate pushed higher in April, as a large number of loans reached balloon dates and failed… Read more
Kidder Mathews Recruits Nine to Valuation Team
Seattle-based Kidder Mathews continued its expansion in California with the addition of nine senior valuation professionals. The new team members… Read moreRiverRock Adds Shane Flanigan to SoCal Leadership Team
Shane Flanigan joined Newport Beach, CA-based RiverRock Real Estate Group as regional vice president. He will be responsible for overseeing… Read more
Kramer-Wilson Expands CRE Portfolio
Encino, CA-based Kramer-Wilson Co. Inc. acquired Chandler Midway Corporate Center, a 111,800-square-foot office project in Chandler, AZ for $23.3 million.… Read more
Multi-State, 15-Asset Self-Storage Portfolio Sold
CBRE Group, Inc. completed the sale of a portfolio of 15 Trojan Self Storage facilities in three western states, California,… Read more
Tom Donovan Joins Irvine Company Resort’s Pelican Hill
Newport Beach-based Irvine Company Resort Properties appointed Tom Donovan managing director of The Resort at Pelican Hill in Newport Coast, CA. Donovan… Read more
Tonto Acquires 152-Acre Loop 202 Site in Mesa
Fallbrook, CA-based Tonto Corp. acquired a 151.6-acre land parcel in Mesa, AZ from FR/CAL 3 Mesa Warner LLC for $7.9… Read more
GM’s Cruise Automation Expands CA Footprint
General Motors plans to add more than 1,100 new jobs and invest $14 million in a new research and development… Read more