Arizona
Buckeye OK’s 1,400 New Apartment Units
The City of Buckeye, about 30 minutes west of Phoenix, admits they are low on housing stock. The town’s planning… Read more
$125M Gilbert Mixed-Use Project to Start Taking Shape
A Scottsdale-based developer is ready to begin construction on a $125 million mixed-use project that will bring two new hotels,… Read more
Dallas-Based Hotel Investors Acquire 16 Property Portfolio
The properties included one in Texas, The Courtyard Houston Hobby Airport. The 16-property, 2,155-key hotel portfolio is located across nine… Read more
Service Properties Trust Divests 16 Hotels for $137M
Newton, MA-based Service Properties Trust has sold a 16-property, 2,155-key hotel portfolio located across nine states. A joint venture of… Read more
Phoenix-Area Town Lands “Largest Ever” $5.5 Billion Lithium-Battery Complex
The investment represents the largest single investment ever for a stand-alone battery manufacturing facility in North America. LG Solutions (LGES),… Read more
AI and Data Centers: A Perfect Marriage?
Though artificial intelligence has been around for years (think Amazon’s Alexa and Apple’s Siri), the introduction of chatbot ChatGPT really… Read more
Northmarq Helps Finance $45M Tucson-Area Rental Community
Northmarq’s Debt and Equity team of Brandon Harrington and Tyler Woodard secured $44.9 million in construction financing for the development… Read more
Arizona’s Banner Health Care Sells Peoria Facility for $29M
Banner Health Care of Arizona has had a busy last few days. Earlier this week they announced they were going… Read more
Manufactured Housing Trend Hits Lake Conroe
Manufactured home communities have become more popular recently, with rising single-family home prices and mortgage interest rates pricing out many… Read more
Banner Health Spending $400M on New Scottsdale Hospital
Arizona-based Banner Health is finalizing the purchase of 48 acres of land on the southwest corner of Hayden Rd. and… Read more
Avondale Apartment Sale Breaks $100M Level
Institutional Property Advisors brokered the sale of Aventura, a 408-unit multifamily asset in Avondale, Arizona. The property sold for $102.5… Read more
Atlanta Ends 2022 in Third for US Industrial Leases, Savannah in Fourth
Demand for industrial and logistics warehousing space is driving an increase in megawarehouses, according to CBRE. The largest 100 industrial… Read more
Nominate a Rising Star for Connect CRE’s Seventh Annual Next Generation Awards
Connect Commercial Real Estate’s sixth annual Next Generation Awards in 2022 put the spotlight on more than 100 of commercial… Read more
CapRock Partners Closes on 131K-SF Warehouse in Phoenix
Newport Beach, CA-based industrial real estate investor and developer CapRock Partners has acquired 5810 W. Buckeye Rd., a 131,000-square-foot Class… Read more
Phoenix Luxury Hotel Sells for $110M
Host Hotels and Resorts has sold The Camby in Phoenix for $110 million, or nearly $400,000 a key. AZ Big… Read more
Mesa’s Fiesta Mall Next to be Recreated
Most Phoenix malls had run their course. They became distressed properties and had to be shuttered. But a new era… Read more
Kimco Looking to Add 760 Rental Units Near Phoenix’s Christown Spectrum Mall
After sixty years, the Christown Spectrum Mall is still a magnet for development. Kimco, the owner and operator of the… Read more
Arizona BTR Community Fetches $68M
Arizona has been the site of dozens of build-to-rent communities, but so far, few have sold. The 147-unit Havenly Fountain… Read more
Iconic Tucson Roadside Motor Lodge Picked by Hospitality Investor
Nostalgia is selling in Tucson. 60 years ago, the towns Miracle Mile, and its motor lodges, were the first introduction… Read more