Arizona
US Merchants Picks Up Rail-Ready Surprise Warehouse for $63.8M
Mohr Capital sold a recently delivered two-building industrial development in Surprise. US Merchants, a manufacturer of consumer goods and packaging,… Read more
LXP Acquires 628K-SF Phoenix Office Campus
Epic Apollo recently sold a Phoenix office campus for $103 million to LXP Industrial Trust. Epic Apollo paid $183 million… Read more
Rosendin Converting Chandler MOB to Regional HQ
Rosendin Electric purchased a two-story, 100,622-square-foot medical office building on the Allred Park Place office campus and will convert it… Read more
Talonvest Secures Refi for Five-Property Self-Storage Portfolio
Talonvest Capital, Inc. arranged a $40.2-million refinance loan for a five-property self-storage portfolio on behalf of longstanding client William Warren Group,… Read more
Belkorp Spends $44.1M on Phoenix Warehouse
Belkorp recently paid $44.1 million for a 174,000-square-foot manufacturing facility within the Sky Harbor Airport submarket. The building located at… Read more
Common Bond Reveals Retail, Hospitality Plans for Halo Vista
Common Bond Development Group announced The Shops at Halo Vista, a new 11-acre mixed-use retail and hospitality destination planned at the… Read more
Phoenix Office Market Shows Strength
The Greater Phoenix office market continues to see strong leasing and a decline in total inventory as obsolete buildings are… Read more
Dollar Tree Opens 1.2M-SF W. Phoenix Distribution Center
Dollar Tree’s 1.2-million-square-foot facility will soon start shipping merchandise to about 700 Dollar Tree stores in Arizona, Colorado, Nevada, New… Read more
NexMetro Debuts 229-Unit San Tan Valley BTR Community
Build-to-rent developer NexMetro Communities is opening Avilla Bella Camino, a new 229-home luxury rental community on 22 acres in San… Read more
Three Trends Shaping the Multifamily Outlook
Given all of the reports and write-ups about the multifamily sector over the past five years, we know where we… Read more
Simon CRE Moving Ahead on Surprise Mixed-Use Venture
SimonCRE paid $3.8 million for a 10-acre site in Surprise where it’s developing a retail center anchored by a Whole… Read more
Webinar: Distress Cycle Evolves as $520B of Maturities Looms
With roughly $52 billion of maturing commercial real estate debt considered at-risk out of the $520 billion coming due in 2026, industry leaders on the front lines… Read more
Milburn & Company Acquires 339-Unit Mesa Rental Community
D.R. Horton offloaded Ascend at Longbow Highpoint, a 339-unit multifamily community in Mesa, Arizona. Millburn & Company acquired the community.… Read more
Keystone Snags Refi on 166-Unit Apache Junction BTR Community
Keystone Homes obtained $30 million in Fannie Mae cash-out financing for The Havenly Superstition, a 166-unit, horizontal, apartment/cottage-style build-to-rent (BTR)… Read more
Nuveen Affiliate to Convert Tempe Office Space to Industrial
Converting sprawling office complexes into industrial parks is all the rage in the Phoenix metro area. Lincoln Property and Panattoni… Read more
Walmart to Double Size of Tucson Store
Construction is underway on a 160,000-square-foot Walmart Superstore at the southwest corner of First Avenue and Wetmore Road in Tucson.… Read more
Empire Group Brings On SimonCRE to Oversee Carefree Retail Center Venture
Empire Group of Companies has replaced Diversified Partners with SimonCRE to complete the buildout of a proposed 120,000-square-foot retail center… Read more
Vestar Offloads Queen Creek Retail Center, To Manage Property
Vestar sold the recently-completed Vineyard Towne Center in Queen Creek but will continue to manage the property on behalf of… Read more
Lincoln Converting Sky Harbor Offices to Logistics Campus
Lincoln Property Company has broken ground on Sky Harbor Logistics, an office-to-industrial redevelopment that will bring a two-building, Class A… Read more