Arizona
Phoenix Tops Nation in Manufacturing Plant Growth
Phoenix expects at least 14 major manufacturing facilities in the coming years, most in the country, says global real estate… Read more
Desert Diamond Planning $40M Overhaul
The Glendale entertainment venue is coming off a record year and wants to ensure it stays on top of its… Read more
Connor Group Acquires 4th Denver Rental Community
Adding to its multifamily properties in the Denver area, the Connor Group purchased a Littleton community for $100 million. The Connor… Read moreTucson Retail Center Flips for $27M
The Rillito Crossing Marketplace at Wetmore and North 1st Avenue in Tucson was sold to Prairie Hill Holdings for $27.5 million… Read more
La Quinta Retail Sells for 147% Total Return to DST Investors
Capital Square, a sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities, has sold… Read more
Massive Master-Planned Community Planned for NW Arizona
A Las Vegas developer, Allan Barbarich, is banking on the pot of gold at the end of the I-11 rainbow.… Read more
Wood Unloads Gilbert Apartment Community for $80M
Wood Partners sold the 248-Alta Cooley Station multifamily property in Gilbert for $80 million, which equates to $322,581 per unit.… Read more
$11B Financing Enables Massive NM Power Project
If that sounds big, it is. Pattern Energy Group LP (Pattern Energy) has closed an $11 billion non-recourse financing and… Read more
W. Phoenix Shopping Center Sells for $59M
The Palm Valley Pavilions West shopping center in Goodyear sold for $59 million. The Phoenix Business Journal reports that makes it one… Read more
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