Arizona
Scottsdale Rental Asset Acquired for Nearly $400K/Unit
High Street Residential sold off the Huxley Scottsdale, a multifamily community developed with PGIM Realty. Phoenix-based Pillar Communities acquired the… Read more
Dominium Planning 304-Unit BTR Project in Surprise
Dominium acquired a 26-acre parcel in Surprise to build a 304-unit Build-to-Rent community called Allasso Ranch. The project will be… Read more
Hillwood Pays $44.5M for Surprise Warehouse
Hillwood Investment Properties has acquired Blue Cactus Logistics, a 258,100 square foot Class A industrial building in Surprise, AZ, in… Read more
Alterra IOS Acquires 12-Site, 43-Acre Portfolio
Alterra IOS has acquired 12 IOS sites, totaling 43.3 usable acres with over 165,000 square feet of accompanying warehouse space.… Read more
Formation Completes 427K-SF Goodyear Warehouse Project
Formation Interests recently completed Phase I of Formation Park 10 at Bullard Avenue and Celebrate Life Way in Goodyear. Formation Park 10 is… Read more
Taylor Morrison Closes on $3B Financing Deal
Scottsdale-based Taylor Morrison and Kennedy Lewis Investment Management (KLIM) have entered into a land and construction financing facility agreement, opening… Read more
City Office REIT Agrees to US$1.1B Sale to MCME Carell
City Office REIT has entered into a definitive merger agreement with MCME Carell to be acquired in a transaction valued… Read more
Three-Asset Phoenix Apartment Sale Closes for $244.8M
Sunroad Enterprises sold a three-multifamily community portfolio to Fairfield Residential for $244.8 million. The 907-unit, three-complex sale is worth nearly… Read more
George Oliver Branching Out to Luxury Vehicle Storage
He’s made a living making-over dated office complexes in the Phoenix area. And now George Oliver is adding luxury vehicle… Read more
Hadrian Building $200M Manufacturing Plant in Mesa
Hadrian plans to establish a large-scale manufacturing and software hub for the defense manufacturing startup. Called Factory 3 (F3), it… Read more
Queen Creek Retail Center Snags Target, to Open This Fall
Queen Creek’s Vineyard Towne Center at 37666 North Gantzel Road is now 100% leased and will include a new Target store slated… Read more
Scottsdale Boutique Hotel Opens Doors
The Remi Scottsdale, Autograph Collection, a boutique-style hotel with six bars, will open soon in the middle at 4415 N.… Read more
Neighborhood Ventures Fund Picks Up Distressed Phoenix Rental Property
Neighborhood Ventures (NV), an online real estate investment company that enables both accredited and non-accredited investors to invest in multifamily… Read more
Capital Square to Launch 320-Unit Glendale BTR Venture
Capital Square has raised $43 million in equity from investors in a private placement, enough to get started on a… Read more
Shopoff Acquires Land for 270-Acre Mesa Project
Shopoff Realty Investments secured $52 million in financing from Peachtree Group for The Block at Elliot in Mesa, Arizona, which includes… Read more
Empire Closes Refis on 3 Phoenix-Area BTR Communities
Empire Group of Companies recapitalized three of its single-family build-to-rent communities across the Phoenix metropolitan area. The number of units… Read more
Phoenix Infill Industrial Property Trades for $46.7M
MIG Real Estate paid $46.7 million for the Seventy5 Business Park, a four-building industrial infill park totaling 222,394 square feet… Read more
Phoenix Office Trends Appear Favorable
The months Kidder Mathews Phoenix Office CRE Market highlights include: · YTD Direct Net Absorption totals 390,000 square feet. ·… Read more