Arizona
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
Greystar Completes First Peoria Place Project
Greystar has completed the Caliber by Greystar, a three-building, Class A industrial development in Peoria, Arizona. Caliber marks the first… Read more
Smith Hill, Bain Capital Close $111M Loan on Hospitality Portfolio
Smith Hill Capital and Bain Capital Special Situations have closed on an approximately $111-million first mortgage loan secured by a… Read more
Puma Opens 1.2M-SF Waddell Distribution Center
The warehouse, which will process orders from wholesale partners and PUMA’s golf subsidiary Cobra, will complement PUMA’s existing distribution centers… Read more
$125M Buckeye Retail Center Lands Final Approvals
Vestar received a final okay to move ahead with the $125 million Verrado Marketplace in Buckeye. The largest shopping center… Read more
CBRE Obtains $44M Refi for Queen Creek Business Park
CBRE has secured $44 million in refinancing for Queen Creek Commerce Center, a two-building complex at 555 East Queen Creek… Read more
Austin Pickle Ranch Opens 2nd Facility
Austin Pickle Ranch opened its first facility eight months ago, and number two just opened. The 50,000-square-foot play space, located… Read more
DPC Sells Phoenix Tower at a Loss
DPC has sold the 350,000-square-foot 3200 Central, a 25-story highrise in the heart of Midtown Phoenix, for $24.5 million. Commercial… Read more
Downtown Phoenix Hotel Trades for $43.3M
Chatham Lodging Trust acquired the 148-room Home2 Suites by Hilton in Downtown Phoenix for $43.3 million. Anish Hotels Group was… Read more