Arizona
Phoenix Seeking Partner for Parking Garage-to-Hotel Conversion
The city of Phoenix is planning to issue a request for proposal to redevelop the Regency parking garage located on… Read more
Tucson Raytheon Flex Building Trades for $13.7M
The 72,000-square-foot office flex building at 3360 E Hemisphere Loop in Tucson at Tucson International Business Center sold for $13.7… Read more
Residential, Retail Project Proposed for Old Town Scottsdale
Wood Partners is proposing a new retail and residential mixed-use development in Old Town Scottsdale. The project, at Goldwater Blvd. and… Read more
Two Mesa Hotel Properties Acquired by HSL
HSL Properties acquired an Arizona hotel portfolio comprising a 180-room Sheraton and 129-room Courtyard by Marriott hotels in Mesa for… Read more
U.S. Affordable Housing Completions Likely to Peak in 2025
U.S. affordable housing completions are likely to peak at a multi-year high of 78,377 units in 2025, 12.6% higher than… Read more
Cypress Eyeing N. Phoenix Mixed-Use Project
Cypress Development Partners is planning a mixed-use campus in north Phoenix that will include medical and flexible offices as well… Read more
Sherman Buys Camelback Rental Community
Sherman Residential spent $72 million to acquire a 237-unit Class A Phoenix multifamily property, which was sold by Pacific Development.… Read more
Esplanade Wraps Up $45M Revamp
The Esplanade office complex has completed a major renovation and upgrade of the four-building campus in the Camelback Corridor. The $45 million… Read more
Parts Town Opens 420K-SF Glendale Fulfillment Centers
Stevens-Leinweber Construction (SLC) has completed a Global Fulfillment Center for Illinois-based Parts Town Unlimited. Spanning a full building at the C|303 industrial… Read more
Chicago/Midwest People & Company News, week of January 31, 2025
Ryan Companies US, Inc. announced several recent leadership changes as the company continues to strengthen its presence in key markets.… Read more
Texas National Leader in BTR Sector Growth
In a recent review of the Build-to-Rent sector, Yardi Matrix listed Texas as the nation’s leader. Read more
Korman Opens First Renovated PV Mall Offering
AVE, the residential real estate brand of Korman Communities, and RXR opened AVE Paradise Valley (12400 North Tatum Boulevard), a… Read more
Investors Capital Pays $259K/Unit for Flagstaff Apartments
Aultas sold Table Rock, a 100-unit multifamily community in Flagstaff, for $25.9 million or $259,000 a unit. The buyer was… Read more
Nestle Debuts $675M Phoenix Beverage Plant
Nestle USA opened its new beverage factory and distribution center in Glendale, Ariz., a 630,000-square-foot facility. The company broke ground on… Read more
CWS Sells 370-Unit N. Phoenix Apartment Complex
IMT Capital acquired Marquis at Desert Ridge, a community situated in the Desert Ridge neighborhood in north Phoenix. Located at… Read more
Phoenix BTR Rents Nearly 50% Higher Than Apartments
In Phoenix, single-family rentals are 46% above the cost for apartments, that’s according to a Zillow survey of major USA metro… Read more
Ryan Switching Eloy Site from Warehouses to Data Center
Ryan Companies is switching out plans to build a 1.8 million square foot industrial project in Eloy in Pinal County,… Read more
SFR Rent Growth Slows, Metrics Vary by Region
Single-family rental homes once boasted high rent growth due to expanding demand. But things have changed, as national SFR rent… Read more