Arizona
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
CMBS Distress Rate Rises for Top 20 SMSAs
The distress rate for CMBS loans across the 20 largest markets in August was 7.2%, slightly above the national CMBS… Read more
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