Arizona
PRCP Plans Mixed-Use Revamp for The Shops at Palm Desert
Pacific Retail Capital Partners (PRCP) has acquired The Shops at Palm Desert, a nearly one-million square foot traditional, enclosed shopping mall in Palm Desert.… Read more
194-Unit BTR Community to Open in NE Tucson
Sanders and Amos and MEB Management Services hope to start accepting move-ins during the Christmas holiday for Casitas Catalina in… Read more
Empty Mesa Highrise Prime Redevelopment Candidate
Constructed in 1984 on 1.3 acres in Mesa, the 13-story Courtland Towers was purpose-built as a 169-unit multifamily community before… Read more
Buckeye’s Verrado Marketplace Names Anchor Tenants
Shoppers can come for the Sip and Stroll program, but stay at Verrado Marketplace for the impressive number of big-named… Read more
Brixton Capital Brings in Rob Taylor as CIO
San Diego-based Brixton Capital has hired Rob Taylor as executive managing director and chief investment officer. He will be responsible… Read more
Work Underway on 60-Unit Phoenix Senior Housing Project
Pennrose Properties has broken ground on Garfield Housing Phase II, a 60-unit affordable housing project for seniors in Phoenix. The development… Read more
Crow Holdings Bags Mesa Shopping Center
A joint venture managed by Crow Holdings Capital has purchased The Shops at Sossaman, a 34,151-square-foot neighborhood shopping center in Mesa, Ariz., for… Read more
Opportunities Materialize as Retail Sector Rises from Ashes
Commercial real estate brokers are often the industry bellwether for all that’s good and bad. It is no surprise that… Read more
JV Secures $12M Construction Loan for Phoenix Industrial Project
It’s nice when a building is still a year from completion and is already leased out. A build-to-suit project headed… Read more
Apartment/Hotel Units Slated for Downtown Phoenix
Two eight-story buildings, one a multifamily community and one a hotel, will soon be going up on South 13th Street… Read more
Tucson Power Center Sells for $25.5M
A Home Depot anchored retail center at Oracle and Wetmore in Tucson was sold for $25.5 million, a $12.5 million… Read more
Newly Built Tempe Apartments Fetch $100M
Phoenix-based Evergreen Devco Inc. sold a recently built Tempe project to MG Properties for $100.25 million dollars. That comes out… Read more
Ashley Building $100M Phoenix-Area Hub, Hiring 200
Ashley Furniture plans to develop a new 1.05 million-square-foot industrial facility on 75 acres in the West Valley city of… Read more
DLC Buys Four Open-Air Retail Centers for $100M
DLC and DRA Advisors, in collaboration with an institutional investor, sealed the acquisition of four key open-air shopping centers spanning… Read more
Park Central’s Redo Underway
Park Central’s comeback from near oblivion has taken some major steps recently. Plaza Companies and Tucson’s Holualoa Companies have teamed… Read more
Mega Furniture Secures $81M Refi for Gilbert Shopping Center
Two years after purchasing the Gilbert Gateway Towne Center, Mega Furniture has obtained an $81 million refinancing on the property.… Read more
Scottsdale Office Property Unloaded at Loss
New York Life Real Estate Investors bought the 138,000-square-foot Scottsdale Northsight for $39 million in 2006. Commercial Edge reports they… Read more
Phoenix Office Complex Adding Apartment Units
Covid forced several real estate investors to get creative. One byproduct is the trend of mixing multifamily housing with office… Read more
Stonelake Industrial Fund Raises Nearly $750M
Stonelake recently completed raising $746 million for a fund strictly for industrial warehouse construction. Called Stonelake VII, Stonelake has already… Read more