Arizona
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
CapRock Building Phase II of Phoenix’s Largest Industrial Project
CapRock Partners has broken ground on CapRock West 202 Logistics Phase 2, the final phase of a 183-acre, 3.4 million… Read more
Tower Capital Obtains Financing for San Tan Valley BTR Community
Tower Capital arranged $70.2 million in construction financing for the development of a Phoenix-area Build-to-Rent community. Tower Capital’s Kyle McDonough,… Read more
Marriott-Branded Hotel to Open in Downtown Goodyear
Goodyear may soon be home to an AC Hotel by Marriott. It will be developed by Baywood Hotels. Goodyear is… Read more
While Slowed, Phoenix Industrial Sector Stays Strong
A recent Kidder Mathews survey reports that Phoenix continues to be a hotspot for industrial development. It has maintained a… Read more
Multifamily Ends 2024 on the Downswing
Yardi Matrix’s December Multifamily Report pointed out a couple of things: Or, as Yardi Matrix’s Manager of Business Intelligence Doug… Read more
Dual-Branded Hotel Set for CityNorth
Groundbreaking for the dual-branded AC Hotel by Marriott and Element by Westin is plannedfor Summer 2025, with an estimated completion… Read more
