Arizona
City of Glendale Pursues More FDI Opportunities
The City of Glendale is continuing efforts to attract foreign direct investment (FDI), city officials said. Already, there are more… Read more
Car Condos Planned for Glendale
Developer Tony Mangat plans to open a luxury vehicle storage facility at the SEC of Glendale Avenue and New River Road in… Read more
Phoenix Office Conversion to Net 171 Apartments
Soltrust will debut Alloy Midtown, an urban office-to-apartment conversion at 3010 N 2nd St. Soltrust Residential REIT (Formerly Blueprint Capital REIT) created Alloy… Read more
Stonelake Picks Up Two W. Phoenix Warehouses for $108M
CIM Group sold the Goodyear Airport portfolio, comprised of two fully leased industrial buildings totaling 726,802 square feet located at… Read more
Deer Valley Rental Community Flips for $64M
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), brokered the sale of The Livano Deer Valley, a 242-unit… Read more
CapRock Utilizes $38.5M Loan for Chandler Warehouse Buy
CapRock Partners obtained $38.5 million in financing to acquire a Class A Chandler warehouse. The Chandler Airport Business Park totals… Read more
Kidder Mathews Grows Asset Services Division with New President
Kidder Mathews has promoted Erin French, CPM, CCIM to President of Asset Services. In this role, she will lead the… Read more
Tower Arranges Refi for Phoenix Apartment Owner
Tower Capital arranged $23 million in permanent financing for the refinance of North Mountain Foothills, a 194-unit multifamily community in… Read more
CapRock Acquires 19th AZ Project
CapRock Partners acquired Longbow Industrial Park, a new two-building Class A industrial complex totaling 244,286 square feet in Mesa. CapRock… Read more
Shopoff Plans 1M-SF Industrial in Desert Hot Springs
Shopoff Realty Investments said Tuesday it acquired a 55-acre property in Desert Hot Springs, within the Inland Empire East region. Plans call… Read more
Crowdfunding Developer Converting Mesa Hotel to Apartments
Neighborhood Ventures, a real estate investment company utilizing crowdfunding to enable both accredited and non-accredited investors to invest in multifamily… Read more
George Oliver Buys Scottsdale Office Building
Phoenix-based developer George Oliver and joint venture partner Ascentris announced the $26.05 million acquisition of a 162,227-square-foot office building in the heart of Old… Read more
Tucson’s Uptown Lands Tempo by Hilton
The Bourn Companies is swiftly moving on its repurposing of what used to be the Foothills Mall. The company’s latest… Read more
Rubio’s Coastal Grill Files for Chapter 11 After Store Closures
San Diego-based fast casual chain Rubio’s Coastal Grill has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.… Read more
Canyon Ranch Eyeing Fall Lake Travis Groundbreaking
Fort Worth-based Canyon Ranch will begin constructing a new, $121 million luxury wellness resort near Lake Travis later this year, according to… Read more
CBRE Brokers $161M Scottsdale Apartment Deal
CBRE negotiated the $161.4 million sale of the 365-unit Carter in downtown Scottsdale, Ariz. CBRE says that represents the largest… Read more
Creation Adding $120M Queen Creek Venture
Queen Creek has been chosen as the site for Creation’s next big…creation. The company announced plans for The Switchyard, a… Read more
Microsoft Expanding El Mirage Datacenter Campus
Microsoft has paid more than $258 million for 282.78 acres of land in El Mirage, which is just over $900,000 an… Read more
SVN Experts See Southwest Investors Shifting Their Focus
SVN has just issued a first-quarter market report covering a broad swath of the U.S., namely the Southwest, spanning from… Read more