Arizona
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
Walker & Dunlop Expands Capital Markets Team
Bethesda, MD-based Walker & Dunlop, Inc. is expanding its Capital Markets group in Phoenix with the addition of two loan… Read more
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