Arizona
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
Scottsdale Billionaire Envisions $1B Mixed-Use Project
He’s used to thinking big. George Kurtz, the founder of CrowdStrike, wants to convert a shuttered amusement park into a… Read more
Scottsdale Votes In Green Building Code for Commercial Buildings
The City of Scottsdale has updated its zoning code to include a number of green building features. The new green… Read more
Report: Pinpointing the Highest Energy Cost States
A study by the U.S. Global Change Research Program reported that heat waves are occurring more frequently throughout major cities… Read more
Medical, Housing, Retail Project Gets Green Light in Avondale
You can’t get more “mixed-use” than a hefty commercial development recently okayed in the exploding West Valley town of Avondale.… Read more
Nominations Are Now Open for Connect CRE’s 2023 Women in Real Estate Awards
For the seventh consecutive year, Connect Commercial Real Estate will honor women whose talent, drive, leadership and fresh ideas have… Read more
Workspace Property Trust Modifies, Extends $1.3B CMBS Facility
Suburban office landlord Workspace Property Trust, headquartered in Boca Raton, FL, said Wednesday it had modified and extended its approximately $1.3-billion… Read more
Sunbelt, Graycor Joining Forces on 4M SF Goodyear Business Park
Real estate developer, manager and investor Sunbelt Investment Holdings and Graycor Construction Company are working together on Phase I of… Read more
Phoenix Investor Exploring 4M SF Business Park
Shopoff Realty Investments received the okay from the Mesa City Council to move forward on a 270-acre mixed-use development on… Read more
N. Phoenix Rental Community Fetches $46M
Bayside, a 176-unit North Phoenix multifamily property was sold to ICG LLC for $46 million. Berkadia’s Dan Cheyne led the… Read more
Trilogy Hires Travis Hamlin as Senior Regional Vice President
Trilogy Real Estate Group, a Chicago-based real estate investment and property management firm, hired Travis Hamlin as a senior regional… Read more
Gantry Financing New Tucson Condo-Rental Community
Gantry secured a $11.9 million construction loan for development of 46 luxury, for-lease townhomes located at 1855 W. River Road… Read more