Gilbert
JV Secures $12M Construction Loan for Phoenix Industrial Project
It’s nice when a building is still a year from completion and is already leased out. A build-to-suit project headed… Read more
Mega Furniture Secures $81M Refi for Gilbert Shopping Center
Two years after purchasing the Gilbert Gateway Towne Center, Mega Furniture has obtained an $81 million refinancing on the property.… Read more
Tempe Developer Converts Famed Surf Park to Business Park
When Big Surf opened in 1969, it was one of the first surf parks with real waves. A developer has… Read more
Olympus Pays $112M for Gilbert Rental Community
Olympus Property has purchased Aiya, a 360-unit multifamily community in Gilbert, Ariz., for $112 million or $311,111 per unit. The Wolff Co. was… Read more
“The Ranch” Developers Score 311-Acre Parcel for $107M
They received their zoning while the land was in escrow, and now they formally have their prize. Indicap, Colmena Group… Read more
Berkadia Brokers, Arranges Financing for $85M Gilbert Apartment Sale
Continental Properties sold the 276-Unit Springs at Cooley Station for $85.35 million, or $309,000 per unit. The buyer was Utah-based… Read more
CBRE Arranges Sale/Leaseback for Six Phoenix-Area School Buildings
Arizona has gone in big for charter schools. Two campuses under the EDUPRIZE banner recently freed up cash by selling… Read more
Phoenix-Area Rental Property Flips for $140M
The Premiere Residential purchased the recently built property for just under $370,000 a unit, their seventh property in Arizona. The… 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
Gila River Tribe to Debut 4th Arizona Casino
The Gila River Indian Community is opening the Santan Mountain Casino June 30th, to be located in Chandler. The $180-million… Read more
Gilbert Mixed-Use Project Reaches Development Midpoint
The Verde at Cooley Station in Gilbert got off to a rough start. The Phoenix Journal reports that groundbreaking on… Read more
Kaplan Planning 600+ Gilbert Apartment Units
Kaplan Multifamily is proposing the District at Cooley Station, which calls for multiple buildings that includes apartments and on-site retail.… 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
$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
Gilbert Industrial Site Gains 3 Buildings, 300K SF
Graycor Construction has completed three new buildings at the 64-acre Gilbert Spectrum Industrial Park, on behalf of developers GID and… Read more
Two Phoenix-Area Hotels Sell For a Combined $35.75M
A 99-room Hampton Inn hotel asset in Phoenix and a 127-room Hyatt Place hotel in neighboring Gilbert have sold for… Read more
Phoenix-Area Liv Multifamily Community Goes for $116 Million
Institutional Property Advisors represented the seller and found the buyer for the Liv Crossroads, a 356-unit multifamily property in Gilbert,… Read more
IndiCap JV Start Work on First of 10 Phoenix-Area Business Parks
IndiCap and AECOM-Canyon Partners have started work on the Eastmark Center of Industry, a 113-acre industrial park located near Gateway… Read more
New BTR Community Coming to Phoenix Suburb
Family Development and Mosaic are working together on Town Germann, a gated, build-to-rent community located in Gilbert, Arizona. The 14.5-acre… Read more