Arizona
North Phoenix Flex Office Sells for $11.2 Million
Black Canyon Commerce Center, a 62,000 sf, multi-tenant flex office building in Phoenix, was acquired by Washington-based Evergreen Associates for… Read more
Shuttered Phoenix Mall Will Repurpose/Reopen
Metrocenter Mall originally opened in the 1970s and was often referred to as the “crown jewel” of the Valley of… Read more
1980’s-Era Phoenix Rental Property Trades for $91M
Institutional Property Advisors (IPA) arranged the sale of Trailside at Hermosa Pointe, a 336-unit multifamily asset in Phoenix. The property traded… Read more
STACK Adding Phoenix Data Center
STACK, a developer and operator of data centers, will develop a five-building, 230MW campus in the heart of central Phoenix.… Read more
Banyan/Milhaus Buy Phoenix Multifamily Project Site
Banyan Residential, along with national developer Milhaus, have acquired a 15.5-acre site in Phoenix. The team will develop a two-phased… Read more
Westcore Lands Million SF Phoenix Industrial Campus
Westcore has acquired Central Logistics, a four-building, a one million square foot industrial campus in the Central Phoenix area in… Read more
Blackstone Provides Tax Equity for Phoenix Affordable Housing Units
Blackstone is partnering with affordable housing developer Dominium on a 372-unit project in Phoenix. As part of this partnership, Blackstone… Read more
Odyssey Property Group Adds Third Arizona Asset
Odyssey Property Group acquired Nola on 50th, a 155-unit multifamily community located in the Arcadia submarket of Phoenix, Arizona, for… Read more
Tower Capital Finances Three Arizona BTR Properties
Tower Capital arranged $185.7 million in financing for four Build-to-Rent (BTR) developments that will result in 572 units delivered in… Read more
Prime Phoenix Office Building Leased Before Completion
It’s a pretty big deal in post-Covid America. The Grove, a 180,000 square foot office building was 100% leased out… Read more
Phoenix BTR Community Fetches Nearly $500K Per Unit
The newly constructed Cyrene at South Mountain was snapped up for $35.4 million. The 72-home single family rental community was… Read more
Aligned Data Centers to Add Two Phoenix Locations
Aligned Data Centers is expanding in the Phoenix market with two new land acquisitions. Totaling over 400 MW of IT load and… Read more
Phoenix S. Mountain Apartment Asset Trades for $22.3 Million
Elevate at South Mountain, a 128-unit apartment community in Phoenix, Arizona, sold for $22.3 million in a transaction represented by… Read more
Phoenix 85-unit Build-To-Rent Community Trades for $30.1 Million
Proximity on 16th Apartments in Phoenix sold for $354,118 a unit. Northmarq represented the seller, Scottsdale-based Avenue North. The buyer was… Read more
Phoenix Vintage Apartments Secure New Owners
A two story apartment complex was bought by Summit on Thomas LLC. The seller was Rise48 Equity. The sales price… Read more
Phoenix Mayo Clinic-Served Hotel Sells for $50.5 Million
Dreamscape Companies has acquired the Residence Inn Desert View at Mayo Clinic. The extended stay hotel is adjacent to the… Read more
Phoenix Well Positioned for More Industrial Warehouse Growth
25% of industrial warehouses are over 50 years old and don’t have the amenities todays tenants are looking for A… Read more
Phoenix Camelback Corridor Classic Sells for $61.8 Million
The classic Camelback Center on the Camelback Corridor sold for $61.8 million. The 236,553 square foot, nine-story building received a… Read more
Vintage Phoenix Apartments Acquired for $80.75 Million
Harbor Group International (HGI) acquired the Colter Park Apartments, a 384-unit multifamily property located in Phoenix, for $80.75 million. The apartment community was… Read more