Arizona
Mesa, AZ Back-Office Asset Flips Twice For $32M
Centrica, a redeveloped, 117,000-square-foot back office in Mesa, AZ, changed hands from a Phoenix developer, to a New York City… Read more
New Mexico Pizza Concept Comes to Phoenix
WisePies Pizza & Salad, a build-your-own pizza concept, has opened its first out-of-state location in the Phoenix area, taking down… Read more
LaSalle Pays Record-Breaking $47M for Scottsdale Retail
LaSalle Investment Management, headquartered in Chicago, paid $47 million to RHVT LP for ownership rights of Silverstone Marketplace in Scottsdale, AZ.… Read more
Inland Ports Growing in Strength, According to CBRE
Inland ports have become important in supply chains, noted CBRE’s “Inland Ports Logistics 2016 North America Annual Report.” As online… Read more
TX Company To Build Tiny Hospitals in Indiana
Embree Group, based in Georgetown, TX near Austin, has filed applications to build micro hospitals in Plainfield, Noblesville and Indianapolis,… Read more
Workplace Property Trust To Pay $969M for 108 Assets
Workplace Property Trust (WPT), based in Horsham, PA, has struck an agreement with Liberty Property Trust to acquire 108 office… Read more
$75M Phoenix Warehouse Sale Highest Since 2012
Koll Co., based in Newport Beach, CA, has paid out $74.7 million to acquire a 1-million-square-foot distribution center in Phoenix.… Read more
350-Unit La Privada Apartments in Scottsdale Changes Hands, Again
Park City, UT-based DiNapoli Capital Partners acquired the 350-unit La Privada apartments from La Privada PT LLC. The $64 million… Read more
SK Food Group Plans Move to Tolleson, AZ
SK Food Group Inc., which is headquartered in Seattle, has announced it will expand operations in Tolleson, AZ, a suburb… Read more
CA-Based CT Realty Makes 417K-SF Buy in Phoenix Area
CT Realty of Newport Beach, CA has entered the Phoenix commercial real estate market with a $27.3 million acquisition of… Read more
Canadian REIT Snags Embassy Suites for $58M
American Hotel Income Properties REIT LP, based in Vancouver BC in Canada, has entered into an agreement with O’Neill Hotels… Read more
Hyatt Pays $88M for Phoenix’s Royal Palms Resort & Spa
Hyatt Hotels Corp. struck a deal with Lowe Enterprises for the 119-key Royal Palms Resort & Spa in Phoenix. The… Read more
Jonathan Rosenberg Promoted to TCN’s West VP
Jonathan Rosenberg, managing partner and designated broker for LevRose Commercial Real Estate/TCN Worldwide has been promoted to regional vice president… Read more
Pacific Hospitality Acquires Two AC Hotels
Irvine-based Pacific Hospitality Group acquired two Marriott-branded hotel properties from Dallas-based Woodbine Development Corp. and USAA for an undisclosed amount.… Read more
Vestar Awarded Mira Mesa Marketplace Assignment
San Francisco-based Stockbridge Capital Group retained Phoenix-based Vestar for a management assignment of Mira Mesa Marketplace, a 487,807-square-foot regional shopping… Read more
TruAmerica Pays $81M for Scottsdale Apartments
TruAmerica Multifamily, headquartered in Los Angeles, paid $80.9 million to acquire the 644-unit Scottsdale Springs apartments in Scottsdale, AZ. Abacus… Read more
JV Plunks Down $122M for AZ Office Portfolio
Phoenix-based Wentworth Property Co. LLC has teamed with Northwood Investors of New York City to acquire a five-building, 638,717-square-foot office… Read more
Hunt Mortgages’ $32M Funding Facilitates Phx Apt Buy
Hunt Mortgage Group has provided a $31.8 million Freddie Mac loan facility to finance the acquisition of Arboretum at South… Read more
BKM Adds Tempe (AZ) Commerce to Portfolio for $58M
BKM Capital Partners has made its single largest investment in the Phoenix area to date, spending $58 million to acquire… Read more