Arizona
Concord Arranges Construction Loan for Chandler Hotel
Concord Summit Capital arranged a $12.2 million construction loan, enabling the Sandpiper Group to develop a new ECHO Suites Extended… Read more
New 100K-SF MOB Slated for Chandler Medical Center
CommonSpirit is constructing a 100,000-square-foot medical office building at the Chandler Regional Medical Center (CRMC). The current campus comprises the… Read more
Modular Builder Completes First Phoenix Project
Modular housing developer Tudo Capital has completed its first project, Stacks on Polk, a 19-unit modular building in Phoenix constructed… Read more
Diversified Adding Retail Component to Goodyear Spring Training Facility
Diversified Partners broke ground on Ballpark Village, a retail and mixed-use destination located at the northeast corner of Estrella Parkway… Read more
SoCal Grocer Planning 15 Arizona Stores
A Southern California-based supermarket chain plans to enter the Phoenix grocery store competition. The first Arizona Vallarta store will be… Read more
Distressed Chandler BTR Asset Trades for $23.5M
NextWave Investors paid $23.5 million for a 71-unit build-to-rent community in Glendale, Arizona. Kinella Capital acquired the stalled and foreclosed… Read more
Work Underway on Former Metrocenter Mall
Developer Concord Wilshire Capital completed the demolition of the former Metrocenter Mall. The Metropolitan will be a $850-million, mixed-use destination… Read more
Aldi Building 16th Arizona Store
Aldi will add one of its stores to Southbridge Marketplace in Maricopa. The shopping center is part of a retail… Read more
Kayne Anderson, Watermark Offload Tucson-Area Assisted Living Center
Welltower acquired Cogir at Continental Ranch, an assisted living and memory care community located at 8689 N Silverbell Road in Marana,… Read more
Goodyear BTR Developer Inks $28.5M Refi
BTR developer Porter Kyle closed a $28.5 million refinance for The Cleveland, a newly constructed 100-home build-to-rent community located at 1035 N. Sarival… Read more
Lender-Owned Phoenix Apartment Community Sells for $36M
The Neiders Company purchased U@19th, a 236-unit real estate-owned (REO) midtown Phoenix apartment complex, for $36.06 million. Northmarq’s Phoenix Multifamily… Read more
Mack Obtains $89.5M Refi for Deer Valley Warehouses
Mack Real Estate Group (MREG) has secured $89.25 million in financing for Mack Innovation Park Deer Valley Site C, which was delivered in… Read more
Multiple Partners Combine Efforts on Phoenix Affordable Housing Venture
Pennrose, Bank of America, Butler Housing Company, CBC Financial Corp, the City of Phoenix, and the Arizona Department of Housing… Read more
Tricon Pays $485K/Unit for 2 Phoenix-Area BTR Communities
Two Phoenix-area build-to-rent communities were sold for a combined $44.15 million. Arcadia Capital Group and Platform Ventures were the sellers,… Read more
TSMC Partnering on Massive Mixed-Use Project Near Plant
For Taiwan Semiconductor Manufacturing Company (TSMC), building in-demand computer chips is not enough. TSMC Arizona is now partnering with PulteGroup… Read more
Tucson Apartment Developer Closes on $40.5M Loan
MC Companies obtained a $40.5 million construction take-out financing for The Place at Silverbell, a 300-unit apartment community in Tucson.… Read more
Sunroad, Fairfield Capitalize $1.1B Apartment Portfolio Across Six States
JLL’s Capital Markets group arranged a $1.1-billion, 15-property, national apartment portfolio venture across six states. The group worked on behalf of Sunroad… Read more
Grill Maker Picks Up Two N. Phoenix Warehouses for $22.5M
Dansons, a barbecue grill maker, bought two warehouses totaling 124,000 square feet in a Deer Valley office park. The Phoenix… Read more
