Arizona
Medical Properties Trust Unloads 8 Arizona Medical Facilities
Medical Properties Trust, Inc. (MPT) sold the 50-bed Arizona General Hospital in Mesa, AZ and seven freestanding emergency department (FSED)… Read more
Lion Expands Nashville Apartment Portfolio
Lion Real Estate Group acquired Bradford Woods, a 312-unit multifamily property in Nashville. The latest purchase increases the company’s stake… Read more
Tower 16 Refis Apartments in Inland Empire, AZ for $128M
San Diego-based Tower 16 Capital Partners closed on a $128-million refinancing of a four-property multifamily portfolio comprising nearly 1,000 units across the Inland Empire… Read more
QTS Pays Nearly $250M for W. Valley Data Center Site
Blackstone affiliate QTS acquired 206 acres in the West Valley from TGV Investments LLC in an all-cash deal, worth $246.8… Read more
New San Tan Retail Center Taking Shape
Developers Okland Capital and San Tan Development Group have started construction on the first six buildings at Northside at SanTan… Read more
Phoenix Retail Market Stays Hot
Phoenix’s retail market has an envious record of low vacancy rates, steady growth and rising rents. According to Avison Young’s… Read more
296-Unit Rental Community Trades Near Westgate Entertainment District
Bridge Investment Group has acquired Glen 91, a 296-unit multifamily asset in Glendale, for $76.5 million, just over $258,000 a… Read more
Calling for More Nominations in Connect CRE’s 2024 Women in Real Estate Awards
Nominations are open for Connect CRE’s 2024 Women in Real Estate Awards, and although response to our eighth annual program has been… Read more
One of The Cubes at Glendale Trades for $128M
CRG has offloaded Building B of the recognizable industrial project, The Cubes at Glendale. The building has more than 1.2… Read more
Commercial Real Estate is . . . People
When seeking out the best commercial real estate opportunities, investors examine many factors. These include pro formas, supply, market and… Read more
EQT Exeter Spends $50M on Mesa Warehouse
US Capital Development (“USCD”) sold Falcon Park 303, a 326,018-square-foot industrial building, to EQT Exeter for $50 million. The new… Read more
Charlotte Mixed-Use Project to Feature Sprouts as Anchor
A Sprouts Farmers Market Inc. will soon open at the base of a 383-unit apartment complex in Charlotte. The project… Read more
Tower Capital Arranges Loan for Phoenix BTR Community
Tower Capital has arranged a $51.5 million construction loan for another Build-to-Rent (BTR) community in Phoenix. The company has now… Read more
Scottsdale MOB Trades for $11 Million
Newmark has arranged the sale of 90 Mountain View I, a three-story, 91,082 square-foot, Class A office and medical office project… Read more
Tucson Retail Center Trades for $17.5M
Alturas Capital Partners acquired Heritage Plaza Shopping Center in Tucson for $17.5 million. With traffic volumes of approximately 45,000 vehicles… Read more
Buckeye Land Sale Leading to Mixed-Use Project
Arizona Land Consulting (ALC) has closed on two locations in Buckeye. The deals, combined, amounted to nearly $20 million. The… Read more
MODUS Eyeing 94-Unit Scottsdale BTR Venture
MODUS Companies is looking at building a 94-unit single-family Build-to-Rent development in south Scottsdale on Oak Street near 64th Street. Papago Village would… Read more
Chicago-Based Pine Tree Acquires Cincinnati Retail Center for $80M
Pine Tree, a Chicago-based commercial real estate firm, has purchased the 460,893-square-foot Kenwood Square shopping center in Cincinnati, Ohio, for… Read more