Arizona
Connor Group Pays $141M for Scottsdale Rental Community
The Connor Group is the new owner of the 330-unit apartment community at 8688 E. Raintree Drive in Scottsdale, acquiring… Read more
Canadian HVAC Company Moving US HQ to Mesa
Xnrgy Climate Systems is not your standard heating and air conditioning company. Its specialty is heating and cooling high energy-use… Read more
Two New Phoenix-Area Self-Storage Facilities Change Hands
Buchanan Street Partners paid $41 million for the two projects. These are Buchanan’s first storage acquisitions within the greater Phoenix… Read more
Gilbert’s “The Ranch” Gets Final OK
A famous politician once said “Politics is like making sausage, it’s best not to see them being made.” Gilbert Councilmenber… Read more
Phoenix Investor Hoping to Build Office in The Grove
Even with high rates and low occupancy, some think there are still deals to be made in the office sector.… Read more
Macerich Buys Out Remaining 50% Interest in Five Former Sears Boxes
Santa Monica-based Macerich said Thursday it had acquired the remaining 50% interest in five former Sears boxes from joint venture… Read more
Midtown Phoenix Potential Spot for 1,500 Rental Units/Retail
Petree Properties is still a few public hearings away from its mission is to build 1,500 apartment units and more… Read more
Google Shows Plans for $1B Mesa Data Center
The city of Mesa approved zoning on the data center campus in 2019. It’s taken this long for the company… Read more
Land Buy Points to Another Phoenix High-Rise
The sale only involved one acre of land, but zoning allows for 741 residential units on the tiny, infill property.… Read more
Extended-Stay Hotel Slated for Glendale
Choice Hotels International is continuing to grow its extended stay offering, Everhome Suites. The newest one is to be built… Read more
REIT Picks Up Phoenix Shopping Center for $25.3M
Whitestone REIT acquired the Arcadia Towne Center in Phoenix, Arizona for $25.3 million. The center expands Whitestone’s footprint into Phoenix… Read more
Battery-Maker KORE Receives $850M Federal Loan for Phoenix Plant
The US Department of Energy Advanced Technology Vehicles Manufacturing program will provide the funds that will be put toward the… Read more
Largest Amazon Distribution Center Opens in Mesa
Amazon opened its new 1.2 million-square-foot storage and distribution center, the company’s largest in the country. Just off the Loop… Read more
Phoenix Crowd-Funder to Focus on Multifamily
Neighborhood Ventures finds investors who might put up $5,000 or $10,000 a piece into its crowdfunding company. In exchange, they… Read more
Gantry Secures $53M Loan for Phoenix-Area Shopping Center Investor
Gantry has secured a $53.4 million permanent loan to retire construction debt for the first phase of a multi-phase retail… Read more
JLL Secures $38M in Debt/Equity for Casa Grande Business Park
JLL Capital Markets arranged $15 million in joint venture equity and $23 million in financing for the development of KV Casa… Read more
Rockefeller Group Ushers in Another Phoenix BTR Community
Rockefeller Group has acquired two sites for the development of 152 build-to-rent townhomes. The two sites, approximately 1.75 miles apart,… Read more
Dallas Out Front on BTR Rentals
The high costs of buying a home and changing attitudes towards homeownership are pushing the construction of build-to-rent (BTR) homes… Read more
Scottsdale’s Tower Capital Passes $1B in BTR Financing
For Tower Capital, the hits just keep coming. The Scottsdale company surpassed $1 billion in lending activity for the rapidly… Read more