Arizona
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
Home Depot to Sublease 1.3M-SF in Goodyear
Home Depot placed its massive warehouse on the Valley’s sublease market. Near the end of 2021, the company signed a… Read more
Building Construction Active for Close to Half a Century, But What’s Being Built Differs
A report from StorageCafe, “Top Cities for Real Estate Development: Sunbelt Cities Dominate Growth Olympics for Nearly Half a Century,”… Read more
Austin Retail Center Picked Up by Westwood Financial
Westwood Financial purchased Trails at 620 from Partners Capital. Partners originally purchased the Austin site in 2020 as part of… Read more
Apartment Developer Debuts BTR Product in Buckeye
P.B. Bell is expected to complete its first build-to-rent project by early next year. The Marketside Villas at Verrado in… Read more
Ripe Development Parcel Hits Market in Tempe
Property suitable for apartments and commercial space has hit the market in Tempe. Greenstone Partners and ORION Investment Real Estate… Read more
JLL Obtains Refi for 5 Phoenix-Area Senior Housing Properties
JLL Capital Markets arranged a $96.5 million refinancing for a five-property seniors housing portfolio consisting of 971 units located in Phoenix, Mesa,… Read more
Scottsdale Greenlights ASM for $400M Factory
The City of Scottsdale has agreed to pay back Advanced Semiconductor Materials for the infrastructure requirements for its new north… Read more
5C Data Centers to Enter Phoenix Market
5C Data Centers (“5CDC”), a provider of data center services, plans to launch a new region in Phoenix, Arizona. The first facility… Read more
Greystar Promotes Hogue to Run Industrial Development
Underscoring its growing industrial portfolio in the Southwest, Greystar has promoted Wil Hogue to Director – Industrial Development. In his… Read more
Flagstaff Rental Property Trades for $28M
Institutional Property Advisors (IPA) announced the sale and financing of Ponderosa Park, a 120-unit apartment property in Flagstaff, Arizona. The… Read more
Metrocenter Mall Demolition Begins
Demolition has begun on what was Phoenix’s top mall, Metrocenter Mall. Concord Wilshire Capital and TLG Investment Partners announced that the Dillard’s… Read more
JV to Debut 400-Unit Paradise Valley Apartments
AVE Paradise Valley apartments will open in November. Located in the revamped Paradise Valley Mall development, they are a brand… Read more