Arizona
Charter School Portfolio Sells for $72M
ESJ Capital Partners, headquartered in Florida, sold a five-charter-school portfolio to Charter School Capital of Portland, OR. The seller walked… Read more
Western Refining Sold for $6.4B
Western Refining, based in El Paso, is being sold to San Antonio-headquartered Tesoro Corp. in a deal valued at $6.4… Read more
Olympus Property Acquires Vive, Expands Portfolio
Olympus Property made its second purchase in Chandler, AZ, acquiring the 194-unit Vive apartment community. The Fort Worth-based buyer made… Read more
Behind the Glass: The Magic of Steel and Novel Design
By Dennis Kaiser Development of Natura City’s Blue Bay, a luxury condo project in Irvine, CA, is set to begin… Read more
Parallel Buys 78K-SF Kierland Corporate
Parallel Capital Partners Inc. bought the 78,273-square-foot Kierland Corporate Center II in Scottsdale, AZ from Bataa/Kierland LLC. The three-story building,… Read more
Breakthru Beverage Building Sells for $34M
A 452,271-square-foot industrial facility in West Phoenix that houses the Breakthru Beverage Group traded owners for $33.5 million. The sales… Read more
ADP Lands in Former Airline HQ
The former U.S. Airways building at 100 W. Rio Salado Pkwy. in Tempe, AZ will soon have new occupants. Payroll… Read more
Minimum Wage Goes Up in Four States
After Tuesday’s election, there are four states where workers can celebrate. Washington, Arizona, Maine, and Colorado all voted to increase… Read more
California Housing’s Low Supply Propels Population Elsewhere
Many come to California to visit, and don’t want to leave because of the weather. However, with home prices rising,… Read more
Goldman Sachs Strikes Again in Scottsdale
Goldman Sachs Group Inc. of New York City made its third acquisition in Scottsdale, AZ, paying $28.5 million to acquire… Read more
Broe Real Estate Sells Tempe Office for $14M
Broe Real Estate Group, headquartered in Denver, sold the Tempe 10/60 Corporate Center in Tempe, AZ, for $14.2 million. Broe… Read more
Opus Sells Phoenix Industrial for $33M
Principal Real Estate Investors made a deal with merchant builder Opus Development Co. LLC to acquire a 393,292-square-foot industrial project… Read more
Dallas-Based Funds Raise Millions
Two Dallas-area funds have finished capital raises in the millions, with the end goal of buying commercial real estate. Crow… Read more
Voit Directs R&D Deal in Chula Vista
Phoenix-based Wentworth Storage Acquisitions, LLC acquired a roughly 90,000 square-foot R&D building in Chula Vista, CA from Los Angeles-based Eastlake,… Read more
Developer Buys Land, Plans 83 Marketplace
MDC Land Development paid $2.2 million to acquire 9 acres in Peoria, AZ at Happy Valley Road and 83rd Avenue.… Read more
Bascom, Oaktree JV Acquires MF Asset
Irvine, CA-based The Bascom Group, LLC and funds managed by Oaktree Capital Management, L.P. acquired the 196-unit luxury Springs at… Read more
Wyndham Place Sells for $11M
Following a 10-year hold, a California investment group sold the 155-unit Wyndham Place apartments in Phoenix. Seller Wyndham Partners LLC… Read more
REPORT: DFW ID’d as “New City of Finance”
The Dallas-Fort Worth area has been identified as one of several “new cities of finance” in a report issued by… Read more
James Stevens Becomes AHIT CEO
American Housing Income Trust Inc. (AHIT), headquartered in Phoenix, hired James Stevens as chief executive officer. Stevens replaces Jeff Howard,… Read more