Glendale
CRG Promotes Hannah Kiem to VP of Development
CRG recently promoted Hannah Kiem from director of development to vice president of development for the Southwest region. Kiem will… Read more
In 10 Days, Rise48 Equity Sells and Buys Three Assets Totaling $110M
Phoenix-based Rise48 Equity, a multifamily investments group, recently announced three transactions in 10 days totaling $109.85 million. The transactions included… Read more
E-Commerce Momentum is Not Expected to Slow Down Anytime Soon
CA Industrial recently broke ground on the first phase of Luke Logistics Center in Glendale, AZ. The development is the… Read more
Med Office Building Gets Underway at The Grove on Camelback Corridor
RED Development and Banner Health recently began construction on a new single-tenant medical building at the mixed-use development, The Grove,… Read more
Rise48 Equity Acquires $101M of Phoenix Multifamily in One Week
In just one week, Rise48 Equity acquired $101 million in new apartment communities in the Phoenix market. The larger of… Read more
Solano Vista Buy is Well-Timed for Market Conditions
Rents are increasing in Glendale and a well-timed purchase is poised to capitalize on future bumps. Solano Vista, a 352-unit… Read more
At $186M, Park 303 Phase I is the Highest Single-Building Industrial Sale in AZ History
Within one month of its completion, developer LPC Desert West completed the sale of the 1.25 million-square-foot Park 303 Phase… Read more
Tower 16 Actively Expanding, Remains Bullish on Phoenix
San Diego-based Tower 16 Capital Partners recently acquired two properties across two separate transactions totaling 508 units in Phoenix. The… Read more
InTrust Plans to Upgrade All Units After Multifamily Buy
A $29.36 million loan was recently secured for the acquisition of Sunflower and Veranda Apartments in Glendale, AZ. The loan… Read more
Veranda & Sunflower Sells for $158K Per Unit
Veranda & Sunflower Apartments, a 208-unit multifamily apartment community located in Glendale, AZ, recently sold for $32.85 million or $157,933… Read more
303 Crossroads to Enable Industrial Expansion in Loop 303 Market
Cresset Real Estate Partners and Clarius Partners recently closed on the land acquisition for 303 Crossroads, a 1.75 million-square-foot logistics… Read more
Mixed-Use Project to Spur Economic Development in Glendale
The city of Glendale and the Arizona Cardinals are collaborating with Plaza Companies on a mixed-use project that will spur… Read more
Just Like That: A 1.25M-SF Full-Building Industrial Lease
The new Phoenix industrial normal: a 1.25 million-square-foot full-building industrial lease. Mattress manufacturer, Mlily, the retail brand of Healthcare Arizona… Read more
Multifamily Financing of $28M Due to Track Record of Borrower
Acquisition financing of $28 million was recently obtained for a 276-unit garden-style apartment community in Glendale. Tower Capital arranged a… Read more
Multiple Bids Go for Rare Net-Lease Offering
Glendale’s population has increased 13 percent since 2000 from its perch some 10 miles northwest of Phoenix. One of its… Read more
Harvard Crossing Acquires $100M in Phoenix Multifamily
Village at Harvard Crossing, a new 184-unit single family rental/multifamily community in Goodyear, recently sold for $56.12 million to Harvard… Read more
Scannell and Clayco Team Up on Glendale Tilt-Up
Construction firm Clayco recently broke ground on a 388,000-square-foot speculative industrial building in Glendale’s Loop 303 Corridor for developer Scannell… Read more
Acquisition Positions American Roofing for Expansion
The Phoenix market had the best quarter on record for industrial net absorption in fourth quarter 2020, demonstrating the continuing… Read more
JV Closes on Industrial Developments in PHX/DFW
CA Industrial, in a joint-venture partnership with DWS, recently closed on industrial developments in Phoenix and Dallas. The Phoenix site… Read more