Arizona
Kroger, Albertsons to Divest 413 Stores and Three Grocery Banners for $1.9B
The Kroger Co. and Albertsons Companies said Friday they will sell select stores, banners, distribution centers, offices and private label… Read more
Vantage Data Centers Buys Vacant Land in San Antonio
The region is a data center hotbed. San Antonio’s West Side is home to at least 30 campuses. Denver-based Vantage… Read more
Phoenix Okays 1,890 Apartment Units/More on Way
The Phoenix City Council had a busy day earlier this week, approving three separate apartment developments, consisting of 1,890 units.… Read more
Suncrest to Debut First Phoenix BTR Community
Suncrest has built 24 master-planned communities, but to date, none have been build-to-rent (BTR) projects. Phoenix is considered ground zero… Read more
N. Phoenix Datacenter Site Picked by Novva
The company is not 100% sure the site will be used for a datacenter, but the head of Novva Data… Read more
Surprise Mixed-Use Project Developer Reveals Tenants
SimonCRE is helming a 70,000-square-foot mixed-use center in Surprise. The project will be known as Elm Street at Surprise City… Read more
Tucson’s Canyon Ranch Calls On VICI for Refi
VICI is known in Las Vegas. It has a piece of 49 casinos, including Caesar’s Palace Las Vegas, MGM Grand… Read more
EdgeConneX Building Second Phoenix-Area Datacenter
EdgeConneX already has a location in Tempe and is now looking at Mesa for its next large datacenter. The building… Read more
“The Ranch” Developers Score 311-Acre Parcel for $107M
They received their zoning while the land was in escrow, and now they formally have their prize. Indicap, Colmena Group… Read more
Phoenix BTR Community Sells for $87.85M
Berkadia represented the seller, Harvard Investments, in the sale of FirstStreet at Happy Valley, a 212-unit, cottage-style, built-for-rent property in… Read more
Berkadia Brokers, Arranges Financing for $85M Gilbert Apartment Sale
Continental Properties sold the 276-Unit Springs at Cooley Station for $85.35 million, or $309,000 per unit. The buyer was Utah-based… Read more
Clayco Takes Over Building 95% Completed Phoenix Highrise
Clayco to the rescue! For reasons that are still not known, Tucson-based BFL Construction walked away from the 17-story Aspire… Read more
Toll Brothers Forwarding Massive Phoenix Rental Community
Toll Brothers Apartment Living has proposed what would be one of the largest multifamily developments by unit count in the Greater… Read more
Scottsdale Hotel to Receive Serious Upgrade
The hotel space made up of two buildings at 7300 N. Pima is used by Scottsdale to house the homeless.… Read more
Toll Brothers Helming Downtown Phoenix Apartment Build
Toll Brothers Apartment Living has landed construction financing for a 313-unit rental project in Phoenix. Multihousing News reports the developer and… Read more
Banyan, Milhaus Team Up on $117M Phoenix Apartment Community
Banyan Residential, in partnership with national developer Milhaus, has started work on the first phase of a new 515-unit luxury apartment… Read more
Arixa, Oaktree Forge JV to Originate Secured Loans in Western U.S.
Arixa Capital Advisors, LLC said Thursday it launched a $100-million strategic joint venture, with the ability to upsize in the future, with… Read more
EY: Five Takeaways from a Recent Look at Office Trades
By Brett Johnson, Mark Grinis and Katie Miller Pre-pandemic, the office sector was a long-established, relatively stable, and generally promoted… Read more
The Pandemic Talent Drain: How Real Was It?
At the height of the pandemic, it was an article of faith that outmigration resulted in a talent drain from… Read more