Arizona
Camelback Corridor Office Flips for $72.1M
LPC Desert West (LPC), a division of Lincoln Property Company, has sold the landmark 3131 and 3133 Camelback to an entity… Read more
Report: The Ascendancy of Advanced Manufacturing in North America
Once upon a time, the United States was a manufacturing mecca with high levels of sector employment. Then came the… Read more
One Scottsdale Attracts Another Apartment Developer
Denver-based apartment builder Grand Peaks bought a three-acre parcel in One Scottsdale, DMB’s expansive mixed-use development at Loop 101 and… Read more
N. Phoenix Apartment Rental Sells for $80M
A 292-multifamily asset in Phoenix sold for $79.25 million or $271,404 per unit. The property, Cabana Happy Valley, is in North… Read more
Pacific Workplaces Expands to Cupertino
Pacific Workplaces, a San Francisco-based coworking company and hybrid work solutions provider, will open a new flex office space at 10080… Read more
Priderock Capital Garners $130M for Phoenix Multifamily Community
Arcadia Cove, a 432-unit multifamily community in Phoenix, was acquired by Blue Rock Capital for a sales price of $… Read more
Queen Creek MOB Acquired for $23.3M
Plaza Companies and Ryan Companies have sold the Ironwood Medical Pavilion on the Banner Ironwood Medical Center campus in Queen… Read more
Sterling Asset Management Names 30-Year Veteran as President
Kevin Grani, a 30-year property management executive, has been named president of Sterling Asset Management Company, a subsidiary of Community Housing Opportunities… Read more
Kidder Mathews Grows Valuation Advisory Group
Kidder Mathews is growing its valuation advisory group. Justin Alexander, MAI, has joined the firm in Seattle as a senior… Read more
Vestar Wants Shoppers to Stay Cool
In spite of days that often exceed 110 degrees in the summer, Phoenix has a number of outdoor malls. Mall… Read more
Olympus Pays $112M for Gilbert Rental Community
Olympus Property has purchased Aiya, a 360-unit multifamily community in Gilbert, Ariz., for $112 million or $311,111 per unit. The Wolff Co. was… Read more
Convexity to Add to Phoenix Apartment Boom
Convexity Properties is looking to build a 24-story, 318-unit apartment building at Second and Portland streets. The company filed their… Read more
Historic Phoenix Hotel Set for $80M Revamp
Located at the southwest corner of Central Avenue and Van Buren Street, the Hotel San Carlos was built in 1928… Read more
Another Use for Abandoned Office Space: Satellite Campuses
Pictured: ASU’s Downtown Los Angeles campus. Photo courtesy of Arizona State University There’s been plenty of thought dedicated to this… Read more
El Cajon Mobile Home Park Sells to Local Investor
Marcus & Millichap closed the sale of Shady Lane Mobile Home & RV Park, a 100% occupied, 41-site manufactured homes… Read more
Meal Delivery Service Provider Opens Massive Goodyear Kitchen
Ready-to-eat meals company, Factor, has opened a new 301,000 square foot fulfillment center in Goodyear. The new facility is Factor’s… Read more
Tempe Adding to Breathtaking Phoenix-Area Apartment Growth
In separate actions, the Tempe City Council approved a resolution for The Marshall at Tempe and an ordinance for Skye… Read more
TMSC-Effect Causing N. Phoenix Building Boom
In Austin, Texas it’s being called the Tesla-effect; a significant about of construction activity near the $10 billion manufacturing plant.… Read more
Phoenix-Area Town Funding Battery Makers Infrastructure Needs
LG Energy Solution has agreed to build two battery factories in the Town of Queen Creek at a cost of… Read more