Arizona
BH Properties Sells Multifamily for $20M
BH Properties sold the 320-unit Fiesta Park Apartments in Phoenix to a California real estate company. The Los Angeles-headquartered seller,… Read more
Sprouts Adds Trio of IE Stores
Phoenix-based Sprouts Farmers Market is adding four stores in SoCal, including three in the Inland Empire markets of Rancho Cucamonga,… Read more
Crescent Communities Assembling Land for 335 Units
Crescent Communities is in the process of acquiring 3.6 acres from six sellers in Midtown Phoenix. The Charlotte, NC-based buyer… Read more
Circle K Renews, Expands to 104K SF
Circle K Stores has renewed and expanded its lease at Warner Crossing in Tempe, AZ. The convenience retailer kept its… Read more
BMW’s $30M Arizona Dealership
BMW is readying to build a full-service car dealership in Glendale, AZ. The Glendale city council voted to sell 13… Read more
Uber Self-Driving Cars Returning to the Streets
Ride-hailing company Uber Technologies Inc. plans to bring back its self-driving cars to California, after ending a squabble with the… Read more
S&M Moving Systems Snags 94K-SF Distribution Center
S&M Moving Systems acquired a 94,885-square-foot distribution center at 2021 E. Jones Ave. in Phoenix. The buyer paid seller Cohen… Read more
JV Nabs Phoenix Office for $25M
A venture formed by Lincoln Property Co. and Goldman Sachs Group Inc. paid $24.7 million to acquire a 104,618-square-foot office… Read more
Vestar Expands San Diego Retail Footprint
Connect Retail West is coming up Thursday, March 16, 2017. Here’s where to register for The Future of Retail. Vestar added Plaza… Read more
Colliers: Phoenix Land Sales Picking Up
The Greater Phoenix housing market steadily improved in the last half of 2016, which led to an acceleration in land… Read more
Personal Audio Firm Expands, Relocates
Fast-growing portable audio company, JLab Audio, is relocating to a new 15,000-square-foot facility in Carlsbad, CA. The producer of personal… Read more
5-Year Hold Ends on Two Industrial Buildings
Five years after acquiring two industrial buildings totaling 42,000 square feet, Heritage Partners Phoenix LLC sold them for $4.8 million.… Read more
Insignia Joins Forces with Sperry Commercial
Insignia Commercial Real Estate becomes the first Phoenix-area brokerage company to join Sperry Commercial Global Affiliates LLC. Neil Sherman heads… Read more
266K-SF Office Trades for $26M
Riva Ridge Development, headquartered in Houston, TX, paid $26 million to acquire CBIZ Plaza in downtown Phoenix, AZ. The buyer… Read more
Ottawa University Developing $20M Campus
Ottawa University will open a 35-acre campus in fall 2017, consisting of residential halls and varsity men’s and women’s sports… Read more
Rockefeller, IPA, to Develop 711 Units
Rockefeller Group is joining forces with Investment Property Associates (IPA) to develop two Class A apartment properties in the Phoenix… Read more
Credit Union Pays $17M for Former Honeywell Office
Alaska USA Federal Credit Union acquired a 185,000-square-foot office project in Glendale, AZ’s Talavi Business Park. The buyer paid $17.2… Read more
Mastro’s Steakhouse Breaks Ground on First Texas Location
Mastro’s Steakhouse began construction on a 10,000 square-foot location in the Galleria submarket of Houston. The restaurant, at 1540 W.… Read more
Lee & Associates Tapped to Lease Up Renaissance Square
Less than three months after acquiring Renaissance Square in downtown Phoenix, owners Oaktree Capital Management LP and Cypress Office Properties… Read more