Arizona
Phoenix Ranks #2 in Data Center Development Pipeline Survey
According to the new JLL North America Data Center Report—Midyear 2025, Metro Phoenix ranks second in the data center development… Read more
Widewaters Purchases 188K-SF Tempe Office Complex
Transwestern Real Estate Services brokered the $20.5 million sale of 8530-8550 S. Priest Drive in Tempe, Arizona, a property consisting… Read more
Former Avnet Office Property Acquired by Phoenix Investor
Arizona investor David McHenry acquired the two-story Tempe office property at 8700 S. Price Road in Tempe for $7.26 million. The 132,000-square-foot… Read more
Lowe’s Opens 130K-SF Store in Maricopa
Thompson Thrift, a developer powerhouse in the Phoenix metro area, announced that Lowe’s has opened a 130,000-square-foot store at South… Read more
Racket Sports Court Taking Over Onetime Chandler Movie Theater
Racket sports are heating up in Phoenix. Earlier this week, Connect ran a story about a nearly 200,000 square foot… Read more
Target Sells Off 188K-SF Tempe Offices
Target employees vacated their Tempe offices over five years ago, a common response to issues related to the pandemic. The… Read more
Buckeye State Land Auction Draws Interest from Sunbelt Holdings
Sunbelt Investment Holdings says it will bid on a 272-acre vacant parcel near I-10 and Verrado in Buckeye. The Phoenix… Read more
Four-Suite Retail Strip in Kansas Changes Hands
Marcus & Millichap has completed the sale of 401 E. 4th Ave., a four-suite retail strip and a Dillon’s Fuel… Read more
Wolfgang Puck Overseeing Catering at 200K-SF Scottsdale Pickleball Facility
Wolfgang Puck Catering will serve as the exclusive food and beverage services provider for PURE Pickleball & Padel facility’s first-floor… Read more
North Phoenix Shopping Center Trades for $71M
Longpoint Partners paid $71 million for Stetson Village, a 144,192-square-foot Safeway-anchored shopping center at 3780-3890 West Happy Valley Road in… Read more
CrownPoint Closes 30-Plus Sale-Leasebacks on Dental Properties
CrownPoint Partners said that year-to-date, it has closed more than $51.4 million in dental sale-leaseback transactions spanning 14 states and totaling… Read more
Southwest Value Partners Spends $296M on 7 Phoenix-Area Office Properties
Southwest Value Partners (SVP) acquired seven top-flight office properties in Phoenix, Scottsdale, Tempe and Chandler. City Office REIT was the… Read more
Tucson Vintage Properties Trade for $16M
CBRE has arranged the $16 million ($54,237 per unit) sale of a three-property multifamily portfolio in Tucson totaling 295 units, along… Read more
Mall Owner Unloading Phoenix Properties
Mall owner Macerich has sold numerous Phoenix properties as part of a strategy to unload underperforming assets. The Phoenix Business… Read more
The Community Side of Data Centers
Discussions about data center design, development and operations tend to focus on site size, power requirements and operational metrics. What… Read more
Phoenix Seeking Partner to Build Hotel at Parking Lot Site
The idea of a mixed-use project where a Phoenix city parking lot stands has been moving along very slowly. Six… Read more
Newmark Arranges Refi of 3 Florida Multifamily Communities
Newmark arranged the $230 million recapitalization of a six-property, 1,600-unit multifamily portfolio on behalf of Slate Asset Management and ZMR… Read more
TruAmerica Multifamily Makes Key Regional Leadership Promotions
TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, today announced a series of key leadership promotions as part of its ongoing… Read more