Arizona
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
Phoenix Okays Construction of Tallest Skyscraper
Phoenix’s tallest tower will rise 541 feet in the air, nearly 60 feet higher than the current tallest building, Chase… Read more
Foresight Adding to Tempe High-Tech Site
Longtime Phoenix high-tech company, Foresight Technologies, is looking to expand its local operations. The Phoenix Business Journal reports the company,… Read more
Austin Office Vacancy Rate on Rise
Nationwide, Austin had the biggest year-over-year spike in office vacancy through April, rising 590 basis points and hitting 22.0 percent.… Read more
TruAmerica Multifamily Refis Five Properties for $300M
TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, added to an already successful year with the $300-million refinance of five… Read more
Prologis Expands in Atlanta as Part of $3.1B Industrial Buy
Prologis is set to acquire nearly 14 million square feet of industrial properties from Blackstone for $3.1 billion, funded by… Read more
Gantry Provides Loan for 124-Unit Scottsdale Multifamily Acquisition
29th Street Capital, with the help of a $17.7 million loan, acquired the 124-unit Solaire at Scottsdale apartment complex. It’s… Read more
223-Unit Prescott Rental Project May Be on Way
The Prescott Planning and Zoning Commission has planned a June 29th meeting to vote on a 223-unit, 23.5 acre project. The… Read more
Rio Grande Valley Developer Building 200 Rental Units
New Jersey-based Cronheim Mortgage has arranged an $18.3 million construction loan for Las Vilitas, a 200-unit multifamily project that will… Read more
Prologis Acquires $3.1B of Blackstone Industrial
Prologis has agreed to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with… Read more