Arizona
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
Toll Brothers Helming 456-Unit N. Phoenix Apartment Development
Toll Brothers Apartment Living is teaming up with Willton Investment Management on the development of Lumara, a 456-unit luxury community in Phoenix.… Read more
3,000 Acre Business Park Advancing in N. Arizona
Atlas Global plans to develop a 3,000+ acre industrial site in Winslow, Ariz. supporting an investment in the city’s future… Read more
Crowdstrike’s Founder Hoping Scottsdale OK’s “The Parque”
The Scottsdale City Planning Commission gave the plan its unanimous support, and now the City Council is considering approving a… Read more
AutoZone, Dollar Tree Anchored Center Sells for $10M
Westview Center, a 114,735-square-foot retail property located in Streamwood, Illinois, recently sold for 96 percent of the list price at… Read more
Carter Funds Acquires Tucson Data Center
Carter Funds has acquired a fully leased data center at 3701 E Columbia Street in Tucson for $13 million. Carter… Read more
Vacant Westside Sears Building To Become Entertainment Venue
Another Phoenix mall will transform into something much different. Over half of the town’s regional malls have been repurposed in… Read more
McKesson to Open 300K SF Phoenix Warehouse
A Prologis-constructed industrial building will likely house a leading healthcare company. McKesson is expected to move into a 300,000-square-foot warehouse… Read more
44-Court Pickleball Center Slated for Scottsdale
Pickleball enthusiasts say getting a court is never easy. The future owners of a proposed venue plan on doing something… Read more
Phoenix-Area LA Fitness Building Fetches $9.5M
Matthews Real Estate Investment Services sold the LA Fitness located at 4836 E Chandler Blvd, Phoenix, for $9.5 million. Senior… Read more
Arizona Group Advancing Movie Studio Build
It’s not just Hollywood making movies these days. Maricopa County is the latest metro area to give its blessing to… Read more
$1 Billion Hydrogen Plant Slated for W. Phoenix
U.K. gas giant Linde and clean energy firm NextEra Energy Resources are partnering to develop a $1 billion hydrogen facility… Read more