Arizona
Central Phoenix BTR Community Sells for $491,000/ Unit
BSK 340 paid $10,325,000 for the 21-unit luxury build-to-rent community located in Downtown Phoenix. The seller was Metro 21 on… Read more
George Oliver Tasked with Biltmore Commerce Center Redo
Niche Developer George Oliver, known for its office redevelopments, has unveiled plans for Bond, a $52 million renovation on the landmark… Read more
Maricopa County Leads the Nation in Growth
The county’s population increased by 1.3% from July 2021 to July 2022 with the addition of 56,831 new residents, according… Read more
Florida Group to Transform Phoenix Offices into Apartment Rentals
Florida-based Cedar Grove Group is planning to convert an office building into new apartments in Phoenix. The three-story vacant office building… Read more
IndiCap, Invesco Team Up on 1.5M SF Business Park Build
IndiCap and Invesco are working together on a 1.5 million square foot industrial project in Phoenix. They secured an $88… Read more
Three Phoenix Major Mall Overhauls Taking Shape
The Covid pandemic put the nail in the coffin of a number of mall properties throughout the United States. Now,… Read more
New Harkins Entertainment Concept Planning North Phoenix Debut
Harkins Theatres is looking to open Harkins BackLot, a new concept family entertainment center that was inspired by the classic… Read more
CapRock Partners Closes on 131K-SF Warehouse in Phoenix
Newport Beach, CA-based industrial real estate investor and developer CapRock Partners has acquired 5810 W. Buckeye Rd., a 131,000-square-foot Class… Read more
Phoenix Luxury Hotel Sells for $110M
Host Hotels and Resorts has sold The Camby in Phoenix for $110 million, or nearly $400,000 a key. AZ Big… Read more
Kimco Looking to Add 760 Rental Units Near Phoenix’s Christown Spectrum Mall
After sixty years, the Christown Spectrum Mall is still a magnet for development. Kimco, the owner and operator of the… Read more
Phoenix Ranks 5th in Datacenter Growth
A recent CBRE survey on datacenter trends reports that Phoenix is one of the fastest growing markets for new centers,… Read more
Phoenix Hotels on the Rebound
CBRE is raising its forecast for hotel performance in the Phoenix metro and nationally on the heels of industry gains in… Read more
Phoenix Places Second for 2023 Industrial Growth
Nationally, more than 690 million square feet of industrial supply is under construction. A recent Commercial Edge survey said, that’s… Read more
Phoenix’s Mayo Clinic Planning 3.3 Million SF Expansion
When you go over all of the care provider choices, many agree the Mayo Clinic is the gold standard. With… Read more
Arizona Pickle-Baller Hopes to Franchise Indoor Centers
Pickleball has gotten so popular, sometimes it’s hard to get on a court. With that in mind, one enterprising pickleball… Read more
Arizona Ranks #2 in NAIOP State Rankings for CRE Development
Only Texas scored higher in the recent NAIOP survey. When it comes to commercial real estate development, Arizona is the… Read more
Phoenix Retail Occupancy at 40 Year High
It appears that the Covid hangover is over, at least in the Phoenix metro area. Velocity Retail Group’s recent survey… Read more
Phoenix-Based Rise48 Equity Riding “Workforce Multifamily” to Success
There are some folks out there who are able to turn lemons into lemonade. Even with increasing interest rates, there… Read more
Phoenix Metrocenter Mall Revamp Causing Ripple Effect
Retail and office complexes near the soon-to-be redeveloped Metrocenter Mall are being forced to keep up. Nearby Lake Biltmore Corporate… Read more