Arizona
Connect LA Recap: What You Need to Know to Get Deals Done
By Dennis Kaiser Connect Los Angeles brought together nearly 500 CRE leaders last week for an information-packed conference in DTLA.… Read more
Zenefits 2.0 Restructures, Cuts Another 9% of Workforce
San Francisco-based Zenefits is cutting 106 workers, shuttering its Arizona sales office and offering separation agreements for others as part… Read more
Private Investor Buys Phoenix MF for $33M
Private investor Billah Khan has paid $33 million for the 436-unit Park at Deer Valley Apartments in Phoenix, adding the… Read more
Mentor Properties Snags 325 Phoenix MF Units
Mentor Properties Inc. struck a deal with California’s Warren Properties to buy Warren House East and Warren House North. Upon… Read more
Tucson Biotech Benefits Outlined in White Paper
The Commercial Real Estate Group of Tucson (CREG) has updated a white paper on the biotech industry’s local growth. “The… Read more
Bridge Investment Pays $75M for Phoenix MF
Utah-based Bridge Investment Partners LLC has acquired the 856-unit Saratoga Ridge apartments in Phoenix for $75.5 million. Variable Annuity Life… Read more
HFF Hangs Phoenix Shingle
Holliday Fenoglio Fowler LP (HFF) is expanding its U.S. western presence by opening an office in Phoenix. The office is… Read more
BKM Snags 305K-SF AZ Industrial Portfolio
BKM Capital Partners struck an off-market deal for a 305,523-square-foot, three-property RREEF light-industrial portfolio. The Irvine, CA-based investor paid $24.1 million… Read more
Red Rock Completes $58.75M MF Acquisition
Carlsbad, CA-based Red Rock Investment Management (RRIM) acquired two multifamily assets totaling 419 units in Flagstaff, AZ for a combined… Read more
Weidner Acquires 514-Unit Arizona MF Asset
Kirkland, WA-headquartered Weidner Apartment Homes has acquired the 514-unit Desert Horizon Apartments from Waterton Residential, which is based in Chicago.… Read more
Orcutt and Grady Join CBRE Phoenix Office
Jackie Orcutt and John Grady, two long-time industrial brokers with Cushman & Wakefield’s Phoenix office, have landed jobs at CBRE… Read more
CBRE Capital Markets Completes Financing for Camden’s $630M Portfolio Sale
CBRE’s Los Angeles team of Brian Eisendrath, Brandon Smith and Annie Rice arranged a seven-year floating rate loan by a GSE… Read more
Caterpillar Taking Space in Downtown Tucson
Caterpillar Inc., headquartered in Peoria, IL, has announced it will move its surface mining and technology offices to downtown Tucson. Though… Read more
Liberty Prepares Groundbreaking on 223K-SF Phx Industrial
Liberty Property Trust will launch construction this spring at Liberty Logistics Center II, a new 73-acre industrial park at the… Read more
When WeWork Won’t Work, There’s Mod
By: Daniella Soloway Randy Stowell and his brother Brian have launched Mod, a co-working company that caters to mid-career professionals.… Read more
Scottsdale, AZ Airport to Receive $25M Makeover
The Scottsdale City Council has approved initial plans to upgrade and renovate Scottsdale Airport. The plan, which will be financed… Read more
Alliance Breaks Ground on $60M Broadstone Makers Quarter MF Project
Phoenix-based Alliance Residential Co., broke ground this week on Broadstone Makers Quarter, the first project to move forward in San… Read more
Colliers Hires Team For Hospitality Expansion
Colliers International in Greater Phoenix has expanded into hospitality investment services, with the hire of James Meng and Jon Grantham.… Read more
Avison Young Acquires GPE for Phx Expansion
Avison Young, headquartered in Toronto, has entered the Phoenix market with its acquisition of GPE Cos. GPE, a mainstay in… Read more