Phoenix
CRG Expands Industrial Platform into PHX with 5.5M-SF Glendale Development
Chicago-based Clayco’s development and investment arm, CRG, acquired roughly 260 acres in Glendale for $35 million, according to Vizzda. The… Read more
Nominate the Year’s Top Sales and Leasing Brokers
Do you know a commercial real estate broker or team who made a big impact in 2020 amid the challenges… Read more
KKR Expands Metro PHX Footprint with $43M Goodyear Deal
New York-based KKR acquired a 263,000-square-foot industrial distribution property in Goodyear from developers, Provident Real Estate Ventures and Merit Partners,… Read more
MG Properties Boosts Phoenix Portfolio with $145M Acquisition
San Diego-based MG Properties Group acquired Andante Apartments in Phoenix from Seattle-based Security Properties for $145.25 million. The 576-unit apartment… Read more
Artis REIT Divests Phoenix HQ Facility for $27M
Canadian-Based Artis Real Estate Investment Trust sold a 130,282-square-foot industrial manufacturing/R&D asset in Phoenix to Mapleton Investments, a Los Angeles-based… Read more
Newmark Closes First Recapitalizations in Two-State, 3,700-Unit MF Portfolio
Newmark finalized the recapitalization of two Avanti Residential multifamily properties located in Metro Phoenix. Milestone Real Estate Investors V, LP,… Read more
DPC Development Claims Chandler Office Park for $65M
Denver-based DPC Development acquired The Park at San Tan, a mixed-use business center in Chandler, from Boston-based TA Realty for… Read more
Sares-Regis Sells Ahwatukee MF for $65M
Salt Lake City-based Millburn & Company acquired Allegro at Foothills Gateway, a 264-unit apartment complex in Phoenix from Newport Beach,… Read more
TruAmerica Expands Phoenix MF Portfolio with $80M Deal
Los Angeles-based TruAmerica Multifamily acquired Pointe at South Mountain Apartments in Phoenix from an entity tracing to Phoenix-based ConAm Group… Read more
PennyMac Establishes Phoenix Office Presence with Full-Building Lease
PennyMac, the fourth largest lender in the U.S., signed a 74,625-square-foot lease at 3201 E. Elwood St. in Phoenix. The… Read more
Expanding Semiconductor Manufacturer Inks Office Lease with ViaWest
Phoenix-based ViaWest Group signed a 46,735-square-foot office lease with Taiwan Semiconductor Manufacturing Company (TSMC) at the Canyon Corporate Plaza office… Read more
NY Life, SteelWave Grab 74-Acre Glendale Site for 1.1M-SF Spec Development
New York Life Real Estate Investors, on behalf of an institutional client, and fellow San Francisco-headquartered SteelWave acquired a 74-acre… Read more
Scottsdale’s Diversified Drops $55M for Two PHX MF’s
Two multifamily properties in Phoenix traded hands for a combined $55 million. Ascent 1829 was acquired by an entity affiliated… Read more
Virtua Launches Glendale Opportunity Zone Development
Scottsdale-based Virtua Partners broke ground on V Townhomes at Manistee Ranch, a new Opportunity Zone development in Glendale. The 5.78-acre… Read more
Trammell Crow Commences Construction on Tolleson Logistics Facility
Trammell Crow Company (TCC), along with capital partner Clarion Partners, LLC., broke ground on Cowden Logistics Center in Tolleson. The… Read more
ViaWest Divests Final Property in SW Industrial Portfolio
Phoenix-based ViaWest Group sold ViaWest Sky Harbor Industrial to Austin-based Pennybacker Capital for $11.2 million. The 89,423-square-foot property is located… Read more
Knightvest Acquires Shade at Desert Ridge for $87M
Dallas-based Knightvest Management acquired Shade at Desert Ridge from an affiliate of Canada’s The Ergas Group for $87 million. The… Read more
Sares-Regis Sells Phoenix Apartment Community for $90M
Alanza Place Apartments in Phoenix traded hands for more than $90 million. The 360-unit multifamily asset was acquired by a… Read more
McShane Construction’s Jeff Raday Stepping Down
After serving as president of McShane Construction Company for 22 years, Jeff Raday will retire at the end of the… Read more