Arizona
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
Creation Helming $250M Phoenix Industrial/Retail Project
Creation and Clarion Partners have started work on Park Algodon, a $250 million industrial and mixed-use project in Phoenix. Located… Read more
We’re Looking for More of the Top CRE Mortgage Brokers & Lenders
Early response to Connect Commercial Real Estate’s fourth annual Top Mortgage Brokers & Lenders Awards has been positive. Yet we’re… Read more
Site Centers Divests Interests in Six Retail Centers for $495M
SITE Centers Corp. will sell its interests in six open-air shopping centers, including three in Ohio, to an affiliate of… Read more
QTS Building 3rd Phoenix-Area Data Center
QTS Realty Trust is adding a 3 million square foot campus to its Phoenix-area presence. Called QTS PHX 3, it… Read more
Pima Federal Buys Phoenix Bank
Pima Federal Credit Union (PFCU) and Republic Bank of Arizona (RBAZ), an Arizona state bank, have entered into a definitive… Read more
AZ State Land Auction Drawing Heavy Hitters
Since Taiwan Semiconductor announced it was building a fab in north Phoenix, land speculation has heated up. AZBEX reports an… Read more
WaFD Agrees to Sell 2,000 Multifamily Loans to BofA
WaFD Inc. said in a regulatory filing that its Washington Federal Bank subsidiary had agreed to sell 2,000 commercial multifamily… Read more
Phoenix Office Park Marketed to Industrial Users
Initial Development has acquired the Executive Center at Southbank and is marketing the Phoenix business park, which spans more than… Read more