Arizona
Iconic Heard Building Sells at Auction
West USA Realty has acquired the historic Heard Building in downtown Phoenix at the auction price of $5.5 million. The… Read more
Dual-Branded Hotel to Open at Repurposed Park Central
One of many mall conversion projects in Phoenix opened its first hotel venture. A dual-branded Tru Hotel and Home2 Suites… Read more
Goodyear Site for “Luxury” Self-Storage Units
Benson Construction is building a LuxeLocker Storage facility in Goodyear, Ariz. The new facility will be located near the Phoenix-Goodyear Airport at… Read more
Ventas Pays $78.5M for Tucson Sr. Living Center
The Country Club of La Cholla, a 217-unit independent and assisted living community on Tucson’s north side sold to Ventas,… Read more
Primestor Unloads Phoenix Retail Center
Longpoint Realty Partners acquired El Monte Shopping Plaza, a 101,269-square-foot retail center in Phoenix. Primestor Development sold the asset for… Read more
Stream Eyeing 1.3M-SF Atlanta-Area Data Center
Steam Data Center has applied for a data center project near Douglasville with a Georgia planning agency. The development would… Read more
ExchangeRight Completes Nine-State Sale-Leaseback with Tractor Supply
Pasadena-based ExchangeRight acquired 13 net-leased properties for an undisclosed sum as part of a sale-leaseback transaction with Tractor Supply. The properties collectively… Read more
SKB, Arc Spend $19.1M on Gilbert Warehouses
SKB, in a joint venture with Arc Capital Partners, has acquired Fiesta Tech Center, a two-building industrial campus totaling 243,370… Read more
Woods Adding Two Phoenix-Area Rental Communities
Wood Partners opened two new properties, Alta Avondale and Alta Rise, in Chandler. These multifamily developments will bring more than… Read more
1M-SF Phoenix Warehouse Sells for $118.25M
BentallGreenOak paid $118.25 million for a Buckeye warehouse fully leased by Amazon. US Capital and Ares Management Corp. were the… Read more
Highstreet Transforming Buckeye Church Property into 510 Apartment Units
Marcus & Millichap announced the sale of a piece of land owned by Summit Church, a 17.89-acre multifamily property located… Read more
NMHC Applauds Creation of Bipartisan Congressional YIMBY Caucus
A bipartisan group of lawmakers in the U.S. House of Representatives has launched the Congressional Yes In My Back Yard… Read more
Massive Tucson Sports Center Breaks Ground
The days of putting up a few outdoor basketball backboards at a public park are long gone. The competition to… Read more
INDUS Acquires Phoenix Warehouse Distribution Center
INDUS Realty Trust acquired Phoenix Airport Logistics, a 393,484-square-foot warehouse/distribution center in Phoenix’s airport submarket. Indus paid $72.4 million for… Read more
CityNorth Welcoming Dual-Branded Hotel
CityNorth, a 100-acre property in the Desert Ridge area of north Phoenix, is adding a dual-branded hotel to its growing… Read more
Axon Greenlighted for Scottsdale Campus Development
The Scottsdale Planning and Zoning Commission has passed Axon Enterprise’s zoning plans for its new headquarters and mixed-use project. The… Read more
P&G Progressing on $500M Coolidge Plant
Procter & Gamble Co. has committed to build a $500 million plant in Coolidge, Arizona. The company is moving forward with… Read more