Arizona
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
JV Developing $35M Surprise Mixed-Use Project
SimonCRE and Carefree Partners are working on a joint venture that they hope will add 70,000 square feet of restaurants… Read more
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