Arizona
769-Bed Student Housing Project Slated for ASU
Subtext will start construction at 1011 E Orange Street in Tempe, for the development of VERVE Tempe, a 15-story student… Read more
In Peoria Townhouse Project, EV Chargers in Every Garage
The amenity battle just got a little more interesting. Haven Townhomes at P83 in Peoria recently added electric vehicle (EV)… Read more
Nation’s First Moxy Could Become Student Housing
Tempe’s planning agency will consider a proposal that would allow investors to convert the Moxy Phoenix Tempe/ASU into student housing.… Read more
VeLa, Ray Obtain $120M Financing for Phoenix Apartments
JLL Capital Markets arranged $120 million in construction financing for the development of Ray Phoenix, a 401-unit, 26-story multi-family residential building… Read more
Mack Scores $63M Financing for Phoenix Warehouse Construction
Mack Real Estate Group (MREG) announced that the initial phase of Mack Innovation Park Scottsdale is fully financed and breaking… Read more
LV Petroleum Unloads 6 SW Gas Stations
SRS Real Estate Partners completed the $39 million portfolio sale of six gas station assets, four of which are Conoco-branded… Read more
Dallas-Based Developer Building $100M Goodyear Business Park
Dallas-based Formation Interests has started work on a $100 million industrial development in Goodyear. The company is developing the site… Read more
Ryan Adding 432K-SF Chandler Industrial Asset
Ryan Companies is beginning construction on Schrader Farms Business Park, located at the northwest corner of Queen Creek and McQueen… Read more
Infamous Tucson Highrise Sells for $3.8M
The Pioneer Building, one of Tucson’s most notorious structures, was sold at auction for $3.8 or $27.50 a square foot.… Read more
Lessen Relocates Chicago Office to 203 North LaSalle Street
Lessen, an Arizona-based real estate software company, will relocate its Chicago office to 203 North LaSalle Street, a 17-story, Class… Read more
Mesa Warehouses Flip for $32.9M
BKM Capital Partners has unloaded a light industrial business park in Mesa. Bendetti and Westport Capital Partners paid $32.9 million… Read more
Tempe Town Lake’s $1.8B South Pier Project Underway
Construction has launched on Lot 6, known as Shorehaven, the first phase of the $1.8 billion mixed-use South Pier master-planned… Read more
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