Phoenix
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
Millburn Acquires PHX’s Parc South Mountain for $60M
Salt Lake City, UT-based Millburn & Company acquired Parc South Mountain, a 258-unit multifamily property in Phoenix from Phoenix-based Evergreen… Read more
TriWest North Phoenix HQ Campus Sold for Nearly $20M
TriWest Corporate Headquarters Campus, a four-building office property in Phoenix’s Deer Valley, was acquired by Florida-based Phoenix AZ Holdings LLC… Read more
Lawyers in Real Estate 2020: Snell & Wilmer’s Christopher Fahrendorf
As a counsel at Phoenix-based law firm Snell & Wilmer, Christopher Fahrendorf’s practice is concentrated in the area of commercial… Read more
Communications Equipment Firm Relocates, Expands to Chandler Tech Center
Comtech EF Data claimed a full building at the Chandler Tech Center in Chandler. The supplier of communications equipment, which… Read more
Crescent Claims Gilbert Land, Plans 317-Unit MF Development
Charlotte, NC-based Crescent Communities, LLC acquired of 8.61 acres at Val Vista Square in Gilbert with plans for Novel Val… Read more
Westcore Acquires 45 Acres for Goodyear Build-to-Suit Distribution Center
San Diego-based Westcore acquired roughly 45 acres in Goodyear from First Industrial for $11.2 million. Westcore plans to break ground… Read more
RREEF’s DWS Group Grabs PHX MF for $123M
An entity tracing to Chicago-based RREEF Property Trust’s DWS Group acquired Maxwell on 66th in Phoenix from an affiliate of… Read more
Pandemic Accelerates Migration to Arizona
Relocations into Arizona are accelerating as the COVID-19 pandemic persists. Research by CBRE shows residents inbound from the California represented… Read more
Cohen Divests Metro PHX Portfolio for $45M
Los Angeles-based Cohen Asset Management sold a Class A industrial portfolio totaling 292,185 square feet in the Phoenix area to… Read more
Westcore Breaks Ground on Three-Building Spec Industrial Park in Avondale
San Diego-based Westcore broke ground on a 720,000-square-foot, three-building industrial campus in Avondale. Named Fairway 10, the development is located… Read more
Barker Pacific Bags Phoenix Self-Storage Facility
Los Angeles-based Barker Pacific Group acquired a 935-unit self-storage property in Phoenix from Hawkins Company Commercial Developers for $14.25 million.… Read more
Lexington Realty Divests Stake in Dow Chemical’s Lake Jackson Offices
Single-tenant REIT Lexington Realty Trust sold its interest in the Dow Texas Innovation Center in Lake Jackson for $192 million.… Read more
JLL Secures $84M in Financing for Six-Property Southeast Industrial Portfolio
JLL has secured $84.3 million in post-acquisition financing for a six-property industrial portfolio totaling 1.5 million square feet in the… Read more
Co-Living’s Success is Market-Agnostic
Leading indicators point to continued demand from co-living’s young, target demographic despite the ongoing public health and economic crisis, Cushman… Read more