Arizona
Rise48 Equity Picks Phoenix Multifamily Community
Rise48 Equity paid $42 million, or $225,806 Spring, for a 186-unit apartment asset in Phoenix. The seller was Living Well… Read more
Greystar Starts Work on $500M Peoria Mixed-Use Project
Greystar Real Estate Partners has started work on Caliber by Greystar, a three-building, Class A industrial park. The business park… Read more
Fourth Surf Park to Make Waves in Phoenix Metro
Considering the number of triple digit days during a Phoenix summer, it’s no wonder the metro area is adding more… Read more
EdgeCore to Add 36MW to Mesa Data Center
EdgeCore Digital Infrastructure finished its first building in 2019, and since then it’s been increasing the datacenter campus. Its projects… Read more
Popular Phoenix-Area Sportspark Declares Bankruptcy
Eventhough the various sports options at Mesa’s Legacy Park appear to be attracting more customers than ever, the group is… Read more
JLL IPT Fully Subscribes $200M DST Offering
JLL Income Property Trust (JLL IPT) said Monday it had fully subscribed JLLX Diversified II, DST. The five-property, $200-million diversified portfolio was… Read more
Onetime San Antonio Sears Store Taken Over by Mega Furniture
A former Sears location that was part of the Ingram Park Mall at 6301 NW Loop 410 was sold to a… Read more
Tempe’s Largest, Newest Hotel Accepting Guests
Tempe’s largest hotel opened its door over the weekend. The 330-room Omni Tempe Hotel at Arizona State University is now… Read more
Peoria’s Sprawling Vistancia Project to Deliver Final Community
It all got started in 2004. And today, one of Arizona’s most ambitious master-planned communities has made it to its… Read more
AZ Building Group Moves into New Dallas Headquarters
Two affiliated companies, Creation and LGE Design Build have opened new headquarters within the Dallas Design District. The newly opened… Read more
Glendale’s New $1 Billion Beach Resort Taking Shape
The anticipated opening date for the $1 billion resort VAI Resort in Glendale’s sports and entertainment district has been pushed… Read more
Berkadia Webinar: Jeff Coles and Mark Forrester of Berkadia Sit Down with John Burns, Who Remains “Crazy Bullish” on SFR/BFR
“I’m still crazy bullish on this industry.” That’s John Burns, CEO of John Burns Real Estate Consulting, on Berkadia’s April… Read more
Party-Themed Hotel to Open in Phoenix
A new Downtown Phoenix hotel stresses having fun the second you walk in the door. The bartender will serve you… Read more
Phoenix-Area Surf Park Pares Back Plans
PHX Surf has submitted updated plans to the City of Maricopa’s Development Services Department. Among changes featured are a size… Read more
Phoenix’s Turf Paradise Changes Hands, to Get New Look
Phoenix’s horse track, Turf Paradise, is in the process of being sold to a California real estate developer. Turf Paradise… Read more
Dermody Properties Pick Outlier El Mirage for 1.5M SF Industrial Park
Dermody Properties picked up 961 acres in El Mirage, a small dusty suburb Northwest of Phoenix in 2021. To be… Read more
Prefab Builder Begins Denver Multifamily Project
Mortenson and joint venture partner Pinnacle Partners started work on a prefabricated multifamily project in Denver’s Sun Valley neighborhood. When… Read more
SFR Rent Growth’s Ongoing Decline
Rent growth for single-family rentals in the U.S. continued slowing in February 2023, dropping to 5% according to CoreLogic’s Single-Family… Read more
JV Looking to Build 1,000 Arizona Rental Units
Valtus Capital Group and BRUIN Capital Partners have formed a team to focus on working with apartment and home builders… Read more