Arizona
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
Connect CRE is Looking for More of 2025’s Rising Stars
Response to our call for nominations in Connect CRE’s ninth annual Next Generation Awards to date has been positive. However,… Read more
Home Depot Continues Maricopa County Expansion
Home Depot bought 11 acres at the Buckeye Commons shopping center for $7.7 million, adding to its explosive growth in… Read more
Pinpointing Tariff-Resilient Assets and Markets
Tariffs have been on everyone’s mind lately, from individuals studying their retirement portfolios to business leaders wondering whether a recession… Read more
Dealmakers and Lenders Provide Takes on Phoenix Multifamily Trends at Connect Multifamily Event
At a recent Connect Phoenix Multifamily BTR/SFR event at the Westin Kierland Resort & Spa in Scottsdale, industry leaders discussed… Read more
Alliance Residential Phoenix Property Sells for $87M
Christiansen Ventures acquired Broadstone Uptown PHX, a 280-unit luxury multifamily community in Phoenix, for $87 million. Alliance Residential Company sold… Read more
Scottsdale Rental Community Trades for $530K/Unit
Leon Capital sold the 202-unit Soltra Kierland in Scottsdale for $107.5 million. That comes out to over $530,000 a unit.… Read more
Connect Multifamily Panelists Share Views on Impact of AI
During last week’s Connect Phoenix Multifamily, BTR/SFR event at the Westin Kierland Resort and Spa, panelists were asked how AI… Read more
Nvidia Chooses Dallas, Houston for AI Supercomputers
NVIDIA is working with its manufacturing partners to design and build factories that, for the first time, will produce NVIDIA… Read more
Tucson Community College Razing 3 Downtown Hotels for Student Housing
A Tucson community college is tearing down 60’s era downtown hotels to make way for the expansion of its downtown… Read more
ViaWest Sells Off 357K-SF Phoenix Warehouse Project
The old Insight.com headquarters was sold to Pacific Coast Capital Partners. ViaWest Group owned the Sight Logistics Park at 6840… Read more
Lucid Takes Over Nikola’s Coolidge Factory
One electric vehicle maker has bought the factory of another. Lucid Group won a bankruptcy auction for Nikola Corp.’s manufacturing… Read more
Student Housing: Preleasing, Supply, Rent Growth Fall
Yardi Matrix’s recently released April 2025 Student Housing Report suggested that student housing performance is cooling. Specifically: Yet enrollment growth… Read more
JLL Taps Three Phoenix CRE Veterans from CBRE
JLL’s Phoenix office has announced the addition of Bryan Taute, Spencer Nast and William Mask to its team. These brokers,… Read more
LivCor Spins Off Chandler Apartments for $95.5M
Brookfield Properties has acquired Arches at Hidden Creek, a 432-unit property in Chandler, for $95.5 million. LivCor was the seller.… Read more