Arizona
Rally House Opens Record Number of Stores in Single Weekend
Rally House, a leading national sports and merchandise retailer, broke a company record by recently opening seven stores across five… Read more
151K SF Scottsdale Office Sells at a Loss
Phoenix-based Reliance Management purchased the Gainey Center II, a 151,522-square-foot office building for $26.5 million, according to real estate database… Read more
Transwestern Names New Head of Finance for West Region
Transwestern Real Estate Services has hired Mariya Ilyitsky as regional finance manager, based in Los Angeles. She is responsible for financial planning,… Read more
NexMetro Adding to Denver BTR Volume
NexMetro paid just over $5 million for 16 acres just west of Denver, in Golden. The Denver Business Journal reports… Read more
Seller Financing Secures Phoenix Apartment Deal
Scottsdale-based Avenue North LLC just sold its 80-unit south Phoenix build-to-rent community to CVG Properties. The Phoenix Business Journal reports the project,… Read more
Two Phoenix-Area Hotels Change Hands
MCR has acquired two hotels in the Phoenix area: the 169-room Holiday Inn Express & Suites Scottsdale – Old Town… Read more
Data Centers See Sharp Rises in Power Costs, Lease Rates
Connect CRE recently examined the impact that availability of power has had on data center development, which has more than… Read more
Phoenix Shopping Center Sells for $31.3M
Plaza 32, a 173,303-square-foot retail center on the southeast corner of 32nd Street and Bell Road in Phoenix, sold for… Read more
Buckeye Lands Another Million+ SF Business Park
The Rooks Technology Park will sit on 112 acres in Buckeye, a town that has experienced explosive growth of industrial… Read more
StarPoint Building Phoenix Multifamily/Industrial Projects
Beverly Hills, California-based StarPoint Properties bought two Phoenix-area properties during the Covid epidemic and bided its time until market conditions… Read more
Arizona Grand Resort Planning Major Expansion
The classic Arizona Grand Resort & Spa already has 744 guest suites. But the owner wants more. Grossman Company Properties,… Read more
Mountainside Fitness/Vestar Join Forces on Third Phoenix Location
Mountainside Fitness plans to open its biggest Arizona fitness center to date. The Scottsdale-based health club just signed a 50,320-square-foot… Read more
Tucson House Secures $50M Renovation Grant
Tucson’s largest public housing project has received a $50 million Housing and Urban Development grant to renovate the outdated high-rise.… Read more
Scottsdale DoubleTree Resort Sells for $115M
The Phoenix Business Journal reports Southwest Value Partners (SVP) sold the property, The DoubleTree Resort by Hilton Paradise Valley, to… Read more
Holualoa Converting Office to 114 Phoenix Apartments
Holualoa Companies will redevelop part of an office site it owns at 21st Street and Highland Avenue to add 144 affordably targeted… Read more
Lee & Associates Helps Bullfrog Int. Leap into Retail Space
Lee & Associates represented Bullfrog International in a lease for 10,840 square feet at Gurnee Town Center, 7105 W. Grand… Read more
Mesa Site for 90-Unit Modular Apartment Community
The new project will be called ZenCity. Developers will invest about $30 million into the new 90-unit stackable modular apartment… Read more
Whitestone REIT Unloads Two Adjacent Houston Strip Centers
Bridgewell Property Management has acquired two adjacent retail centers totaling more than 93,700 square feet in Houston. JLL represented the seller, Whitestone REIT.… Read more
PCCP Secures $53M Refi Loan for Glendale Apartments
PCCP has provided a $53 million bridge loan to P.B. Bell for the refinance of Hangar at Thunderbird, a newly… Read more