Arizona
Funding Secured for First Metrocenter Redevelopment Phase
Concord Summit Capital (“Concord Summit”) arranged a $24.5 million construction loan to finance demolition, abatement and infrastructure entitlements for the redevelopment of… Read more
Empire Group Eyeing 100K-SF Carefree Retail Project
Empire Group and Diversified Partners are teaming up on a new retail center at Cave Creek Road and Carefree Highway.… Read more
Arizona Land Pays $20M for Zoned Buckeye Warehouse Site
Arizona Land Consulting closed on a $20 million acquisition in Buckeye, Ariz. Located on west Southern Ave. and South Rooks Road,… Read more
Buckeye Advances Master-Planned Community
Homebuilder Lennar has received approval from a Buckeye planning board to build a mixed-use venture at the corner of West… Read more
Phoenix Sees First Office Vacancy Rate Decline in 5 Years
A recently released JLL report on the Phoenix office market notes that vacancy rates are decreasing, the sublease market is showing… Read more
Energy Storage Supplier Inks 530K-SF Lease in Goodyear
Although it has seen success in its shipping container business, GTI Fabrication has experienced a boost in demand from energy storage over… Read more
Whitestone REIT Offered $750M in Takeover Bid
MCB Real Estate has offered to buy Houston-based Whitestone REIT for just over $750 million. Coupled with Whitestone’s roughly $667… Read more
Z Modular to Build 318-Unit San Tan Valley Rental Community
Modular apartment builder Z Modular has paid $14.4 million for land in San Tan Valley for the development of a 318-unit… Read more
Nominate a Leading CRE Attorney for Connect CRE’s 2024 Lawyers in Real Estate Awards
For the fifth year in a row, Connect CRE has opened nominations for our annual Lawyers in Real Estate Awards.… Read more
Phoenix Mega-Resort Adding Indoor Theater, Convention Center
VAI Resort is expected to be the Valley of the Sun’s largest resort. The massive development will include four hotel… Read more
Chandler Warehouses Trade for $75.6M
TA Realty acquired Chandler Airpark 202 — a four-building, 400,000-square-foot industrial park — for $75.6 million. Ares Management, which developed… Read more
Marcus & Millichap Facilitates Sale of Self-Storage Portfolio
Marcus & Millichap completed the sale of The Storage Center, a three-property, 3,380-unit self-storage portfolio consisting of multiple multi-story assets… Read more
Arizona Land Scoping Mixed-Use Project on 600 Acres in Casa Grande
Arizona Land Consulting purchased 600 acres in Pinal County. The newly acquired property is located on the I-10/Florence interchange. Arizona… Read more
CyrusOne Building $200M DFW Data Center
CyrusOne is planning to build a data center near Dallas. Slated to span nearly 2 million square feet, it will… Read more
Pivotal Investing $100M in Iconic Phoenix Resort
Pivotal Group purchased The Hilton Phoenix Resort at the Peak for $39.5 million. Built on the slopes of Piestewa Peak in… Read more
Scottsdale Retail Center Lands Action Park
Slick City Action Parks has leased a 50,000-square-foot spot at 9189 Talking Stick Way, within The Pavilions at Talking Stick.… Read more
Stos Acquires 7th Phoenix Industrial Asset
Stos Partners has closed on two value-add buildings in Phoenix, paying $13.5 million for two vacant buildings totaling nearly 100,000… Read more
Warehouses Replacing Onetime Surf Park
While new surf parks keep popping up in Phoenix, one that closed down is having a rebound of sorts. The… Read more