Arizona
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
The Ongoing Evolution of American Cities
Consider Manhattan. Once a quaint Dutch village, the city today boasts mile after mile of high-rise buildings, crowded streets and… Read more
Man-Made Surf Resort Breaks Ground in Palm Desert
Construction has begun on DSRT Surf Resort, 17-acre property in Palm Desert that reportedly will be California’s first facility to… Read more
Land Auction Paves Way for $7B North Phoenix Mixed-Use Project
Biscuit Flats Dev LLC, an affiliate of Mack Real Estate Group (MREG), prevailed at an auction to sell the development… Read more
Dollar Tree Reportedly High Bidder for 100-Plus 99 Cents Only Locations
Dollar Tree is reportedly the winning bidder for at least 93 shuttered 99 Cents Only stores spread across California, the… Read more
Phoenix Okays Expansive Gila Foothills Plan
The Phoenix City Council has approved a zoning proposal allowing a nearly 300-acre master-planned development southwest of Phoenix, called Gila… Read more
It’s Time to Submit Nominations for 2024 Top Mortgage Brokers & Lenders
Connect Commercial Real Estate’s fourth annual Top Mortgage Brokers & Lenders awards program has seen a strong industry response to… Read more
199 ASU-Area Apartments Ready for Tenants
A joint venture among three investment groups has delivered Vero, a 199-unit rental community in Tempe. Transwestern Development Co., Globe… Read more
Mesa Creates Innovation Hub
Mesa’s Office of Economic Development has debuted a new hub for innovation with the opening of Mesa Business Builder @… Read more
Macerich Charts New Direction with “Path-Forward” Plan
Macerich published its detailed Path-Forward plan to simplify the business, improve operational performance and reduce leverage under the leadership of… Read more
Distinctive Tempe Office Sells for $56.2M
The Beam on Farmer, a five-story, 184,000-square-foot office building with a unique primary structure, has traded for $56.2 million. The… Read more
Self-Storage’s Next Frontier: Tertiary Markets
The self-storage sector is entering a stabilization phase after a decade-long building boom, marked by high demand and relatively limited… Read more
Stream, Vero Capital Revamping Kierland Office Campus
Vero A2R, the office investment platform at Vero Capital, in connection with Stream Realty Partners, announced the groundbreaking of a… Read more