Arizona
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
Tower 16 Acquires 1st Arizona BTR Community
Tower 16 has purchased nine multifamily communities in the Phoenix market and 12 in Arizona. Their latest acquisition was the… Read more
Adero Resort Lands New Owner
The Adero Scottsdale Resort has a new owner. The 177-room property in Scottsdale, which was known as the CopperWynd Resort… Read more
Office-to-Industrial Project Okayed Near Metrocenter
Formation Interests is planning to turn an old Phoenix office complex into a transit-oriented business park just across from the $850… Read more
Discount Tire Buys 275K-SF Desert Ridge Office Building
Scottsdale-based Discount Tire Co. has purchased the 275,208-square-foot Desert Ridge Corporate Center in Phoenix for $35 million. Regent Properties was… Read more
100K-SF Phoenix Office Building Trades for $18M
The four-story 501 Gateway office building at 501 N. 44th St. was sold for $18 million by Irgens, a Milwaukee… Read more
U.S. Apartment Rent Growth Eases to 1% in Q4 2024
National year-over-year asking rent growth eased to 1.0% in December 2024 compared to 1.1% at the end of September 2024,… Read more
Gantry Secures Financing for Phoenix-Area Warehouses
Gantry secured a total of $39.5 million in permanent loans for the owner of two Metro Phoenix industrial assets, Parc… Read more
George Oliver, Ascentris Pay $42.2M for Scottsdale Office Building
George Oliver and Ascentris acquired a 165,000-square-foot office building at 7272 E. Indian School Rd. in Old Town Scottsdale for $42.2 million.… Read more