Arizona
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
NexMetro Inks Refi’s on 4 SW BTR Communities
NexMetro has successfully recapitalized a four-property portfolio of Build-to-Rent units in Phoenix and Denver. JLL represented the sponsor, NexMetro Communities,… Read more
Harbor Group-Led Team Obtains Refi’s for 8 Colorado Properties
Harbor Group International (HGI), along with The Garrett Companies and Telis Group funded the $630.5 million recapitalization of an 11-asset multifamily development… Read more
Urban Advisors Eyeing N. Phoenix for Next Multifamily Venture
Urban Advisors is going where the action is. AZBEX reports the company is planning a new 400-unit apartment development just seven… Read more
Dominium Unveils 3 New Phoenix-Area Affordable Housing Projects
Dominium recently closed on deals to acquire land for three new housing projects, providing more than 800 units in Surprise… Read more
689K-SF Warehouse Project Underway at Former Big Surf Venue
Developer Overton Moore Properties (OMP), along with its partner, Invesco Real Estate (Invesco), have started construction on Nextwave Tempe. The… Read more
Nominate the Year’s Top CRE Sales and Leasing Brokers
Amid a year of uncertainty, the industry’s leading investment sales and leasing brokers got deals across the finish line. Do you… Read more
Barker Pacific Founder Michael Barker Passes Away, Age 80
Privately held national real estate firm Barker Pacific Group (BPG) announced the unexpected passing of CEO Michael Barker, who founded… Read more
Trammell Crow Unloads 519K-SF Chandler Industrial Park
Trammell Crow Company (TCC) and CBRE IM sold the Akimel Gateway industrial park in Chandler for $83 million. The buyer… Read more
CIP Acquires Mesa Commerce Park for $168.3M
CIP Real Estate purchased Broadway 101 Commerce Park in Mesa for $168.3 million. The 809,230-square-foot industrial asset spans 11 buildings… Read more
Chandler Outpatient Center Sells for $30M
A Chandler outpatient medical building totaling 65,931 square feet was sold for $30 million. Montecito Medical Real Estate purchased the… Read more
Dubai-Based EDGNEX Plans $20B Expansion into U.S. Data Center Market
Dubai-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC plans to enter the U.S. market, targeting a 2,000-megawatt capacity… Read more