Arizona
Banner Health Undertakes 3 Tucson-Area Sale/Leaseback Deals
Banner Health – UMC sold three medical office facilities in sale-leasebacks to New York-based The VanBarton Group, a privately owned,… Read more
EV Maker to Sublease Recently Leased Industrial Space
ElectraMeccanica has had its ups and downs of late. The result is its decision to sublease a 200,000-square-foot industrial space… Read more
ASU/Omni Hotel Sharing $42M Parking Structure
Typically, stand-alone parking structures don’t get much run. But when they are five stories, cover 429,000 square feet and cost… Read more
Troubled Phoenix-Area Sports Park Changes Hands, Name
Legacy Sports Park is no more. The embattled multi-platform sports facility has new owners and a new name. AZ Athletic… Read more
Small Town Eloy Lands Hospital
In high-growth states like Arizona, even small towns score hospitals, knowing that the explosive growth will be enough for the… Read more
Noble Buys Discounted Nashville Hotel
Noble Investment Group bought the Holiday Inn Express hotel in Nashville for $81.76 million; a significant loss for the seller,… Read more
Phoenix Industrial Growth Inspiring Amenity Options
It’s not much of a secret that Phoenix’s industrial building market has exploded. It’s the second most active market in… Read more
Scottsdale-Based Tower Capital Promotes BTR Leader
Tower Capital has promoted George Maravilla to Partner from Senior Vice President. Maravilla, who joined the firm in 2018, has… Read more
Fore Sells Glendale Rental Asset for $86M
Pillar Communities acquired Cuvee, a 310-unit multifamily community in Glendale, in an $86 million ($277K/unit) transaction. Fore Property Company sold… Read more
Class A Apartments, New Self-Storage Land Permanent Loans
Gantry’s Irvine office secured $28.7 million of financing in two transactions for separately owned properties, one a multifamily asset in… Read more
Amkor Adding $2B Factory, 2,000 Jobs to Phoenix
Amkor plans to construct a packaging and testing facility in Peoria. Amkor estimates it will invest around $2 billion and… Read more
Weidner Apartment Homes Acquires MF Complex for $90M
Weidner Apartment Homes, a Kirkland-based global real estate investment and property management company, has acquired the 185-unit Uptown at Kirkland… Read more
ASU Building New $185M Science & Tech Building
Arizona State University is constructing a new building at its Polytechnic campus in Mesa. Completion is slated for 2025. The Science… Read more
Dutch High Tech Firm Building $300M Scottsdale HQ/Factory
ASM International announced plans for a new North American expansion to accommodate growing demand for research and development in the… Read more
Nashville-Area Apartments Trade for $335K/Unit
Weinstein Properties paid $114.57 million for the Bexley Stockyards apartments in Germantown, outside Nashville. The sale was accompanied by a… Read more
Phoenix’s Central Park Seeking P&Z OK
Central Park would be made up of a 21-story residential tower; an 18-story office tower; a market/grocer space with an… Read more
Sam Fox’s 141-Room Global Ambassador Opens Doors
Sam Fox is known for his hand in the success of nearly a dozen restaurant concepts, Zinburger, Culinary Dropout, Sauce,… Read more
BWE Arranges Construction Loan for Phoenix-Area Industrial Project
BWE has secured a $29 million first mortgage construction loan for Echo Park @ P132, a four-building, 183,000-square-foot industrial property… Read more
Queen Creek Lands First MOB
Cypress West Partners has completed construction on a new 22,000-square-foot medical office building in Queen Creek, AZ. The building is… Read more