Arizona
Cushman & Wakefield’s Mike Haenel Wins Phoenix NAIOP Award
Cushman & Wakefield’s Mike Haenel has been named NAIOP Arizona’s 2025 Award of Excellence recipient. The award was presented at… Read more
Buckeye Okays Nearly 600 BTR/Apartment Units
200 Build-to-Rent (BTR) units and 394 apartment units are in Buckeye’s future. The town’s planning and zoning commission okayed the… Read more
Caliber Reworking Two Phoenix Office Buildings
CaliberCos has been given a green light by the Phoenix City Council to convert two office buildings in north Phoenix… Read more
Bridge Investment Picks Up Glendale Rental Community
Monte Vista, a 208-unit multifamily property in Glendale, has sold for $25.5 million. According to Yardi Matrix information, Bridge Investment… Read more
Dallas Leads Nation’s Industrial Pipeline
Dallas-Fort Worth ranks as the nation’s most active industrial market when it comes to future deliveries. According to Commercial Edge,… Read more
Construction Underway on $225M Mesa Mixed-Use Development
Thompson Thrift announced construction has started on The Gilmore, a $225 million, 35-acre mixed-use development in the Phoenix suburb of Gilbert. The Gilmore… Read more
KeyBank Provides $35M for Rural Arizona Affordable Housing
KeyBank Community Development Lending and Investment provided a $13.9 million construction loan and $21.4 million in low-income housing tax credit… Read more
Sprouts Moving to New 180K-SF Phoenix HQ
Sprouts Farmers Market will soon be moving into a brand-new corporate headquarters. The company has tied up property at CityNorth… Read more
Exalt Health Building Three, $30M Rehab Hospitals
Construction is underway on three new $30 million rehabilitation hospitals in Florida, with projects breaking ground this week in Wellen… Read more
Suburban Phoenix Coworking Locations See Huge Bump
Phoenix suburbs have seen an explosion of coworking sites. The Valley of the Sun has 4.5 million square feet of… Read more
Vestar Snags Superstition Gateway Property Management Deal
Superstition Gateway in Mesa, Arizona, has a new property team. Vestar has been awarded the property management role, while retail… Read more
Return to Lender: Week of April 24, 2025
Morningstar Credit this week reported that several properties have transferred to special servicing. They include the following: Read more
Tower 16 Acquires South Mountain BTR Community
Tower 16 Capital Partners, in partnership with Raith Capital Partners, acquired Sanctuary at South Mountain, a 166-unit Build-to-Rent property near… Read more
Marcus & Millichap Negotiates Sale of Portland O’Reilly Auto Parts
Marcus & Millichap has brokered the sale of O’Reilly Auto Parts, a 7,000-square-foot net-leased property located in Portland, Oregon. The… Read more
Canadian Manufacturer Opens 275K-SF Mesa Factory
The first phase of Xnrgy Climate Systems’ 275,000 square foot manufacturing plant is open and ready to go. The Montreal-based… Read more
Iconic Tucson Office Building Going Strong at 50
5151 E. Broadway Tower, Tucson’s largest commercial office building, will be celebrating its 50th Anniversary over the next year. Despite its age,… Read more