Arizona
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
ASU: Phoenix CRE Slow, Outlook Optimistic
A recent survey of Phoenix-area commercial real estate brokers showed mixed results. On the one hand, those participating said the… Read more
Hundley Departs CBRE for Kidder Mathews
Seattle-based Kidder Mathews expanded its San Diego team with the addition of John Hundley. He is one of the leading… Read more
Phoenix Builders Using Refugees, Former Inmates
The Phoenix area, one of the “ground zeros” for the housing crisis, now can’t build enough houses to meet the… Read more
$200M Health Center Planned for Phoenix
Mayo Clinic and Arizona State University teamed up to launch the Alliance for Health Care, a model for health care… Read more
Lennar Brings Multi-Gen Housing to Tucson
Lennar has opened its Eagles Summit community in Oro Valley, AZ, near Tucson, which officially launches its “Next-Gen – The… Read more