Arizona
Phoenix’s Central Park Puts New Focus on Residential
The much-discussed “Central Park” project was slated to have 850,000 square feet of office. But now, the developers, the Pivotal… Read more
Keg Maker to Build 270K SF Tucson Plant
250 new workers will be employed in the new MicroStar Logistics new Keg and Pallet Quality Services Center in Tucson,… Read more
Chip Maker Delays Opening of $40B Phoenix Plant
Opportunistic Phoenix investors have been moving at lightning speed to construct factories, apartments and retail to take advantage of Taiwan… Read more
Phoenix Industrial Activity Continues “Frontrunner Status”
There are now almost 49 million square feet of new industrial construction underway in metro Phoenix, created in part by… Read more
We’re Looking for More of CRE’s Most Influential Women
Nominations are open for Connect CRE’s 2023 Women in Real Estate Awards, and although response to our seventh annual program has been… Read more
Phoenix Fiesta Mall Razed, to Rise Again as Mixed-Use Project
In the ’80’s, Fiesta Mall was a going concern. But like many malls, more and more people started shopping online,… Read more
Iconic Arizona Center Sells for $27M
The Arizona Center, Phoenix’s original downtown entertainment destination located at 3rd Street and Van Buren, was recently sold for $27 million. The buyer of the… Read more
Aircraft Parts Giant Ditches LA for New Phoenix HQ
After looking at half a dozen locations, Unical Aviation settled on a 600,000 square foot site near Luke Air Force… Read more
CBRE Arranges Sale/Leaseback for Six Phoenix-Area School Buildings
Arizona has gone in big for charter schools. Two campuses under the EDUPRIZE banner recently freed up cash by selling… Read more
Westcore Acquires 900K SF Glendale Business Park
A Cushman & Wakefield team arranged $73.3 million of debt, enabling Westcore to acquire a newly constructed 906,000 square foot… Read more
“Timeless” Phoenix Apartment Complex Sells for $50M
The Phoenix Manor was built in 1961, and has retained much of the same classic aura from that time period.… Read more
Churchill Arranges Refi Loans for Three Phoenix Buildings
Churchill Commercial Capital, Inc. secured a $23.25 million portfolio loan to refinance maturing life company debt of three Phoenix-area commercial… Read more
Phoenix-Area Rental Property Flips for $140M
The Premiere Residential purchased the recently built property for just under $370,000 a unit, their seventh property in Arizona. The… Read more
HonorHealth Acquires 26 AZ Urgent Care Centers
HonorHealth has signed an agreement to purchase the remaining interest in 26 urgent care centers in Arizona from FastMed. These… Read more
Phoenix Multifamily Property Fetches $268K per Unit
Clarendon Park, a 138-unit multifamily community in Phoenix, sold for $37 mil, or $268k/unit. The buyer was WhiteHaven, a Phoenix-based… Read more
Closed Tucson Golf Course Site for Rental Community
The Quail Canyon Golf Course was closed a few years ago. The real estate it was on, in the posh… Read more
100K SF Medical Office Building Headed for One Scottsdale
Ryan Companies has started work on One Scottsdale medical, a 101,000 square foot multi-tenant medical office building in Scottsdale. Construction… Read more
Tower Capital, Empire Combine for Third Phoenix BTR Project
Build-to-Rent (BTR) construction shows no sign of waning in the Phoenix metro area. Tower Capital arranged $88.5 million in construction… Read more
Lincoln Property Co. Acquires RiverRock, Adds 50M SF to Management Portfolio
Lincoln Property Company said Monday it had acquired RiverRock Real Estate Group, an Irvine, CA-based property and asset management firm.… Read more