Arizona
Atlanta #3 in BTR Home Construction
Metro Atlanta trails only Phoenix and Dallas-Ft. Worth when it comes to build-to-rent homes constructed in 2023. The area saw… Read more
Gantry Secures $38M for Buffalo MF Build
Gantry has arranged $38.15 million in construction financing for The Lawrence Apartments in Buffalo, NY. The Class A project, located… Read more
Lowe’s, Grocery-Anchored Retail Center Slated for Maricopa
Thompson Thrift Real Estate plans to move ahead on a 200,000-square-foot retail center in Maricopa. The company purchased a 20-acre parcel… Read more
NY Developer to Bid on Massive AZ Land Offering
At the behest of New York-based Mack Real Estate Group (MREG), the Arizona State Land Department has agreed to auction… Read more
Lucid Building $1B Plant Expansion
Lucid Group is upping its game at its Casa Grande EV auto plant. The company is set to spend $1… Read more
Marcus & Millichap Brokers Sale of IHOP in Springfield
Marcus & Millichap closed the sale of an IHOP, a 4,480-square-foot net-leased property located in Springfield, Illinois. The asset sold… Read more
We’re Looking for More of CRE’s Top Leasing and Sales Brokers
Early response has been positive for Connect CRE’s seventh annual call for Top Broker Award nominations. However, we’re looking for as wide a cross-section… Read more
Tucson Hotel-to-Apartment Venture Taking Tenants
Scottsdale-based Sterling Real Estate Partners has completed the first phase and is now leasing apartments at Downtown Tucson’s 212-unit hotel-to-apartment… Read more
Mall Owner Eyes 10-Story Camelback Office Tower
Mall owner Macerich is considering building a 140-tall office tower at one of its mall locations. The company is looking… Read more
Gilbert Rental Community Fetches $66.5M
An apartment complex in the town of Gilbert has sold for over $300,000 a unit. The newly delivered Elevation at… Read more
Phoenix Retail Sector Sets Blistering Pace
Phoenix saw a strong finish to the year with 2.3 million square feet of retail space under construction in Q4… Read more
LV Collective to Build 289-Unit Tempe Rental Community
LV Collective has been given the green light to demolish a one-time Super 8 motel near Rural Road and Apache… Read more
Buc-ee’s Exploring First Arizona Store
Buc-ee’s is well known in Texas and some bordering states. But most Arizonans have likely never heard of the Texas-sized… Read more
Surprise Site for $250M Mixed-Use Project
GTIS Partners and Clyde Capital are combining efforts on the development of a $250 million mixed-use, master-planned community in Surprise.… Read more
Bela Flor Obtains $66M Bridge Loan for 212-Unit Mesa BTR Community
CBRE has obtained a $66 million bridge loan for Bella Encanta, a 212-unit build-to-rent (BTR) community located in Mesa, Ariz.… Read more
Banner Health Spins off Glendale Medical Building
With the benefit of a $10.1 million acquisition loan, UDLR Health acquired the Thunderbird Medical Pavilion in Glendale from Banner… Read more
NLOP Sells Four Office Assets for $43M
Net Lease Office Properties (NLOP), a publicly traded real estate investment trust, has sold four U.S. office properties for gross… Read more
Underwriting Metrics Improve for Prime Multifamily
Prime multifamily metrics continued increasing in the fourth quarter of 2023, CBRE said Friday. Unlevered IRR targets, going-in cap rates… Read more
Two Mill Avenue Properties Flip for $22.2M
Two well-located Tempe retail properties have been sold for a total of $22.2 million. JLL represented the seller and procured… Read more