Arizona
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
HonorHealth Taking Over Arizona Steward Health Care Facilities
Earlier this year, Steward Health Care faced some financial hurdles and declared bankruptcy, leading to their facilities being up for… Read more
Vacant Class A Phoenix Office Property Flips to Caliber
ViaWest Group has sold Canyon Corporate Plaza, a 311,706-square-foot Class A office campus on approximately 11.6 acres. The company paid… Read more
6 Phoenix-Area LL Flooring Stores Will Stay Open
The retail store, formerly known as Lumber Liquidators, found a last-second buyer. Just last week, the company, now called LL… Read more
Phoenix Apartments Trade for $187.5M
The brokers in the deal, Institutional Property Advisors (IPA), claim it’s the largest single-asset multifamily sale in Arizona over the… Read more
Super-Sized Pickleball Facility Planned Near Scottsdale
The venue proposed near Scottsdale is slated to have 48 indoor pickleball courts, two padel courts, 12 outdoor courts, and… Read more
Kobalt Acquires 100K-SF SA Retail Center
Ziff Real Estate Partners (ZRP) has sold Castle Hills Market, a 97,682-square-foot neighborhood shopping center in San Antonio. Kobalt Investment… Read more
Another Semiconductor Chip Company Looking at Phoenix Area
If the benefit from attracting another massive semiconductor manufacturer is anything like what has occurred with the Taiwan Semiconductor Manufacturing… Read more