Arizona
Phoenix Famed Biltmore Commerce Center Acquired by George Oliver
George Oliver has put his stamp on a number of posh Phoenix-area addresses, taking over projects such as the Arbor… Read more
110-Unit Phoenix Apartment Goes For $21 Million
The Summit on Thomas has been sold to Cowabunga LLC for $190,000 a unit. Rise48 was the seller. The property… Read more
Phoenix’s Foothills Corporate Centre Sold, Will Take on New Look
The 110,000-square-foot office was sold by SDC Foothills and the buyer was WG Group. This is WG’s first foray into… Read more
288-Unit Phoenix Multifamily Project Sells for $75.3 Million
Rise48 Equity was the buyer of The Waterfront, a circa 1980 property. Pro Residential from Los Angeles was the seller.… Read more
Newly Revamped Phoenix Medical Building Nets $9 Million
A 24,800 square foot multi-tenant medical office building traded hands in a recent deal worth $365 a square foot. The… Read more
Tower 16 Sells Phoenix Property After 30 Month Hold
The California real estate investment firm bought the Loramont on Thomas Apartments in 2019 for $11.7 million. It sold the… Read more
Taiwan Semiconductor Gives First Look at New $12 Billion Phoenix Plant
Taiwan Semiconductor Manufacturing Corp. (TSMC) got to show the world what the huge plant will look like this week. It’s… Read more
SBREP Acquires 387-Unit Arizona Multifamily for $91M
Irvine-based SB Real Estate Partners (SBREP) has purchased Azura Apartments, a 387-unit, garden-style community in Phoenix, AZ for $91 million.… Read more
Phoenix Apartment Complex Sells Across From Soon-To-Be Renovated Mall
The Azura Apartments, soon to be called Portola North Phoenix, is a 387-unit development across from the shuttered Metrocenter Mall.… Read more
Three-Building Logistics Portfolio Acquired by CBRE Investment Fund
The buildings are a combined 230,385 square feet, all in the South Airport submarket. That puts them close to the… Read more
Senior Housing Project Changes Hands in Phoenix
The 15.3 acre Park Terrace Senior Living was purchased by the duo of Link Senior Development and The Roxborough Group.… Read more
Fairmont Hotel to Anchor Downtown Phoenix Project
The 25-story Fairmont Phoenix will be the showpiece of a mixed-use development in downtown Phoenix. It will feature 225 guest… Read more
Phoenix-Area Deer Valley Medical Center Sells for $20 Million
The five-story Optum Center was sold to Cleveland-based Woodside Health Development for $244 a square foot. Talia Jevan Properties of… Read more
Largest Complex Made of Shipping Containers Opens in June 2022 in Phoenix
The IDA on McKinley is a six-story, 19 unit apartment made up entirely of shipping containers. Local Studio’s Brian Stark… Read more
Classic Phoenix Apartment Sells for $51.3 Million
The buyer of the Madison Grove, Brass Enterprises, paid $300,000 a unit for the 1976-era project. IPA’s Steve Gebing represented… Read more
BPG Debuts $2.5M Courtyard at City Square
Los Angeles-based Barker Pacific Group (BPG) has announced the completion of City Square Plaza, a new Gensler-designed gathering spot in… Read more
Phoenix Condo Complex Sells for $8.2 Million
SVN Desert Commercial Advisor’s Danny Lee was no newcomer to the Graybriar Condominiums. He sold his first condominium at the… Read more
Central Phoenix Apartment Sells to Cal-Based Investor
KB Investment Development was the buyer of the 280-unit project, known as the Green Leaf Arts District. The 2017-completed project… Read more
Another Million Square Foot Project May be Coming to Downtown Phoenix
A preliminary development plan was filed with the City of Phoenix that would include a 29-story residential tower with over… Read more