Arizona
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
Canyon Partners JV to Develop Multifamily Near Future TSMC Plant
Canyon Partners Real Estate LLC, Ascendant Capital Partners and Bond Companies have formed a joint venture to support the development… Read more
Dominium Obtains Debt, Equity for Phoenix-Area BTR Project
Walker & Dunlop (W&D) has arranged $45.7 million in permanent debt and $41.5 million in LIHTC equity for Saddleback Village at Stonegate, a build-for-rent multifamily… Read more
195-Unit Apache Junction BTR Community Sells for $56.5M
Hampton Meridian, a 195-unit, single-family rental community in Apache Junction, Ariz., has changed hands for $56.5 million. Commercial Edge reports… Read more
Marcus & Millichap Facilitates Sale of Chipotle-Leased Property in Normal
Marcus & Millichap completed the sale of a two-suite retail strip property leased to Chipotle and Blaze Pizza in Normal,… Read more
High Street, PGIM Unload Tempe Apartments for $341K/Unit
A partnership made up of Trammell Crow subsidiary, High Street Residential (HSR), and PGIM Real Estate has sold Smith &… Read more
Hensley Sells Off Phoenix Infill Parcel
Pritzker Realty (PRG) bought 24 acres of infill land in Phoenix for $16.5 million. Hensley Beverage Group was the seller.… Read more
Leon Lands Financing for 231-Unit Gilbert Project
Leon Multifamily, a subsidiary of Leon Capital Group secured $41.5 million in construction financing from Alerus Financing for a multifamily… Read more
Leon Capital Procures Financing for Mansfield Rental Asset
Leon Multifamily, a subsidiary of Leon Capital Group, secured $33.5 million in construction financing from Broadway Bank for a multifamily… Read more
Leon Closes Financing on Morrisville Apartment Project
Leon Capital Group secured $58.5 million in construction financing for its 303-unit multifamily development in Morrisville. ACORE Capital Capital was… Read more
176-Unit Sr. Living Community Planned for Casa Grande
Walker & Dunlop arranged $23.9M in construction equity for Emberwood, a to-be-built senior affordable housing apartment complex located in Casa Grande, Arizona. … Read more
BKM, Kayne Anderson Recapitalize Light Industrial for $550M
BKM Capital Partners said Thursday it had executed a $550-million recapitalization of a nine-property light industrial portfolio with Kayne Anderson Real… Read more
Hilton-Branded Hotels Set for Gallery Park
A Tempo by Hilton and Homewood Suites is under construction on the corner of Power Road and Loop 202. The… Read more