Arizona
McKesson Developing $38M Center on Tribal Land
San Francisco-based McKesson is expanding operations in the Phoenix area. Construction is already underway on the health care pharmacology, technology… Read more
Arches at Hidden Creek Sells for $55M
Security Properties made a deal with Hamilton Zanze for the 432-unit Arches at Hidden Creek. The Seattle-headquartered investor paid $55… Read more
Sares Regis Raises $300M, Closes MF Value-Add Fund
Sares-Regis Multifamily Value-Add Fund II raised more than $300 million in total equity commitments, and is now closed. The fund… Read more
Hersha to Sell Five Hotels for $185M
Hersha Hospitality Trust has placed a five-hotel suburban portfolio, totaling 757 rooms, under contract for $185 million, or $244,000 per… Read more
Mission Viejo MOBs Acquired by HTA for $150M
Scottsdale, AZ-based Healthcare Trust of America, Inc. (HTA) acquired four medical office buildings located on the St. Joseph Health, Mission… Read more
TruAmerica Pays $81M for Las Vegas Portfolio
TruAmerica Multifamily, in partnership with MSD Capital LP, paid $81.8 million to Wolff Co. for a three-property 802-unit multifamily portfolio.… Read more
El Dorado Obtains AZ Acreage for $38M
El Dorado Holdings Inc. paid $38.4 million to acquire 1,101 acres at Bella Vista Farms in Pinal County, Arizona. The… Read more
RoomStore Site in Scottsdale Sells for $8M
The site of a former RoomStore furniture store has traded hands for $8.3 million, or $263 per square foot. The… Read more
JV Pays $80M for 10K Acres in Buckeye, AZ
Joint venture Buckeye Tartesso LLC shelled out $80 million to acquire 10,734 acres in Buckeye, AZ. The ultimate goal for… Read more
Investor Enters Tucson with 1,004-Unit MF Buy
Monarch Investment & Management Group LLC paid $47.5 million to Hamilton Zanze of San Francisco for acquisition of five multifamily… Read more
Canadian Buyer Pays $21M for Arizona MF
Hamilton Zanze sold The Arbors at 5th Apartments at 805 W. Brown St. in Tempe, AZ. The buyer, Western Wealth… Read more
LGE Seeking Approval for 50K-SF Scottsdale Retail
Phoenix-based LGE Corp. filed for Development Review Board approval to develop Chauncey Lane Marketplace, approximately 50,000 square feet of retail,… Read more
Hines Snags Amazon-Leased Arizona Industrial for $56M
Hines Global REIT II Inc. closed on the acquisition of Goodyear Crossing II, an 820,384-square-foot industrial property in Goodyear, AZ,… Read more
Crescent Scottsdale Quarter MF Acquired for $87M
A pension fund advised by Dallas-based Invesco Realty Advisors acquired Crescent Scottsdale Quarter for $87 million. The transaction represents the… Read more
Scottsdale’s Tallest Tower Planned at SkySong
Plaza Companies is seeking to add a $42-million office tower to SkySong that would be Scottsdale, AZ’s tallest building. Development… Read more
CA-Based Zenreach Signs Lease at Phoenix’s Biltmore Center
San Francisco-based technology company Zenreach inked a deal with landlord ViaWest Group to take down 30,091 square feet at the… Read more
Passco Snags Chandler, AZ Apartments for $82M
Passco Cos. LLC acquired the 389-unit Almeria at Ocotillo in Chandler, AZ. The Irvine, CA-based buyer paid $81.9 million to… Read more
Everest Medical Buys 117K-SF Med Center for Upside, Cash Flow
Everest Medical Core Properties of Scottsdale, AZ, has added the 117,000-square-foot Fort Wright Center, a medical office complex in Fort… Read more
Denver Group Pays $20M for Apartments Near ASU
Capital Real Estate LLC of Denver struck a deal with PEM Real Estate Group for ownership rights of the 188-unit… Read more