Arizona
Phoenix Apartments Trade for $15M
Arcadia Gardens, a 76-unit apartment community in Phoenix, was recently acquired by CSLC Housing Acquisitions for $14.75 million, nearly $200,000… Read more
Ray, VeLa Begin Work on 401-Unit Phoenix Highrise
Ray and VeLa are combining efforts to build a 26-story residential highrise in the Roosevelt Row Arts District. Designed by architectural… Read more
XNRGY Building $300M Mesa Facility
HVAC company XNRGY is building the first phase of an Arizona facility that will encompass 275,000 square feet. The company plans to… Read more
Kroger, Albertsons Add 166 Stores to Merger Divestiture Package
The Kroger Co. and Albertsons Companies Inc. said Monday they have added 166 stores to the assets they will sell… Read more
Cypress West, TPG Angelo Gordon JV to Acquire Sunbelt MOBs
CBRE Investment Banking arranged a programmatic joint venture between Cypress West Partners and TPG Angelo Gordon, focused on the acquisition… Read more
MCR, BLT Secure $632M Refi on Lodging Portfolio
MCR and partner Building and Land Technology (BLT) have closed a $632-million, three-year, fixed-rate financing on a portfolio of 53 hotels across… Read more
BTR Trends Hot Topic at Connect CRE’s Phoenix Multifamily & BTR Conference
A panel made up of Greystar’s Nicole Churchill, CCBG Architecture’s Virgina Senior and Brent Long from Christopher Todd Communities discussed… Read more
Glendale Rental Property Trades for $266K/Unit
Decron Properties has acquired Hangar at Thunderbird (Hangar), a 266-unit gated multifamily community located in Glendale, AZ for $69 million.… Read more
Factors Shaping the Future of Data Centers
A report by Colliers discusses a sector impacted by hyperscale players and more capital Data centers have been a focal… Read more
An Analysis of the Unanchored Strip Center
When discussing the entire retail sector, attention tends to focus on power centers, lifestyle centers and even regional malls. A… Read more
Tucson Asian Market Trades for $22.2M
Maison Solutions Inc., a chain of traditional Asian and international food and merchandise retailers, acquired Lee Lee Oriental Supermarket, Inc.… Read more
Jacksonville Office Park Flips for $19.2M
Woodside Capital Partners paid $19.2 million for the Greystone at Town Center, a five-building, 212,240 square foot single-story suburban office… Read more
JV Makes Scottsdale MOB Purchase with $300M Fund
Cypress West And TPG Angelo Gordon have joined forces to acquire medical office assets in the Sunbelt. CBRE Investment Banking… Read more
JLL Secures $290M Construction Loan for Dallas Office Highrise
Pacific Elm Properties obtained a $290 million construction loan to begin construction on Parkside Uptown, a 500,000-square-foot office tower in… Read more
Duo Building Dual-Branded Phoenix Hotel
Jackson-Shaw and Holualoa Companies say they are starting work next month on a dual-branded hotel in North Phoenix. The AC… Read more
Partners Group Commits $500M to Trinity Investments
Partners Group will acquire a minority stake in Trinity Investments, a hospitality-focused real estate investor, to support its future growth. Partners Group will initially… Read more
Bisbee’s Copper Queen Up for Sale
It’s been around since Arizona became a state, and now the famous Copper Queen Hotel in Bisbee is hitting the… Read more
First ALDI to Open in Tucson
ALDI, the cut-rate German supermarket chain, will open its first store in Tucson. It will be coming to Tucson Marketplace… Read more
Whitestone REIT Picks Another Phoenix-Area Shopping Center
Whitestone REIT acquired Scottsdale Commons in Scottsdale for $22.2 million. The 69,000 square foot center, located at 7119 E. Shea… Read more