Arizona
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
Biltmore-Area Apartments Sell for Over $250K/Unit
Institutional Property Advisors (IPA) announced the sale of Level at Sixteenth, a 240-unit midrise multifamily asset in the Biltmore neighborhood… Read more
Cohen Sells 250K-SF Phoenix Warehouse
Cohen Asset Management sold Riverside 43, a Phoenix industrial building totaling 250,043 square feet, which debuted in 2017. Karney Properties,… Read more
George Oliver Transforming Office Complex in Old Town Scottsdale
George Oliver and Ascentris launched plans to transform Arbor Old Town into a new luxury office redevelopment in the heart of… Read more
Developer Duo Breaks Ground on N. Phoenix Dual-Branded Hotel
LaPour Partners and Holualoa Companies have broken ground on AC/Element City North, a new dual-branded hotel located in CityNorth, a… Read more
Developer Planning Casa Grande Mixed-Use Project
The developer has not received full approval from the town, but Mary-T Inc. is planning a mixed-use development at the… Read more
Zilber Trades Bradenton Rental Community for $92.1M
Zilber Residential built the Vida Lakewood Rancho apartments in Bradenton and has now sold the 304-unit complex to an undisclosed… Read more