Phoenix
Apartment Fundamentals Rebound from Shaky First Half of 2020
From the standpoint of investor demand, the apartment sector remains at or near the top of the class, rivaled only… Read more
CBD Products Firm Relocates HQ to PHX’s Metro Industrial Center
DAUM Commercial Real Estate Services arranged the 7.5-year lease of a nearly 16,500-square-foot flex/industrial building at Metro Industrial Center in… Read more
Cortland Claims Trophy Camelback Corridor MF for $117M
StreetLights Residential and Nexpoint Advisors divested The Angela, a 253-unit Class A multifamily community that delivered last year in Phoenix.… Read more
Berkadia Arranges Deal in Westover Hills
Berkadia arranged the sale and financing of Legacy Creekside, a newly built, 338-unit garden-style apartment community in San Antonio’s Westover Hills… Read more
One Size Doesn’t Fit All in New Phoenix Office Landscape
Phoenix’s business-friendly environment and diverse workforce continues to attract new tenants to the market and support existing companies as they… Read more
Land Rush Accelerates in Arizona
Phoenix-based Vermaland signed multiple solar land lease deals that illustrate an intriguing trend occurring in Arizona. Land is at a… Read more
Peoria MF Receives $51M Freddie Mac Cash-Out Refi
An affiliate of the Aukum Group received $50,764,000 in Freddie Mac cash-out refinancing for Tuscany Ridge, a 336-unit multifamily property… Read more
Wealhouse, Western Wealth JV Secures $82M for Metro PHX MF Portfolio
A partnership between Wealhouse Capital and Western Wealth Capital secured $81.5 million to refinance a four-property, multi-housing portfolio in Metro… Read more
Harrison Street-Ryan-LCS JV Launches PHX Senior Living Project
Harrison Street, LCS and Ryan Companies secured financing to begin development of Clarendale Arcadia, a 248-unit senior living community in… Read more
Cortland Claims Tempe’s MetroPointe Apartments for Nearly $100M
MetroPointe Apartments, a 415-unit multifamily property in Tempe, sold for $96.75 million. The buyer was Atlanta-based Cortland while the seller… Read more
Mattress Manufacturer Pre-Leases Merit, First Industrial Asset in Goodyear
PV 303 industrial park developers Merit Partners and First Industrial Realty Trust are shifting into the home stretch of development… Read more
RealPage’s Greg Willett: “Apartment Demand is Back”
U.S. rental apartment leasing rebounded strongly in the third quarter, RealPage said Thursday. The occupied apartment count climbed by 146,517… Read more
It’s Time to Nominate CRE’s Most Influential Women
The deadline is fast approaching to nominate candidates for our fourth annual Women in Real Estate Awards. We’re looking for… Read more
Landmark Phoenix Office Trades for $17M
The Fordham office complex in Phoenix traded hands for $16.75 million. The buyer was Corona, CA-based PE, LLC, while the… Read more
SKB, Black Salmon Kick Off Final Phase of 31-Story PHX Tower Revitalization
ScanlanKemperBard (SKB) and capital partner Black Salmon launched the final phase of renovations at 101 North, the second-tallest high-rise in… Read more
HNTB Taps Savills as Real Estate Advisor
Kansas City, MO-based HNTB Corporation, an infrastructure solutions firm providing engineering, architecture and planning services, selected Savills as its exclusive real estate… Read more
Barclay, W.M. Grace Break Ground Speculative Glendale Logistics Facility
Phoenix-based Barclay Group and Scottsdale-based W.M. Grace Companies launched construction on 303 Logistics, a speculative, 349,663-square-foot Class A industrial building… Read more
David Brown Joins Transwestern in Tenant Advisory, Workplace Solutions Role
Transwestern Real Estate Services (TRS) continues to expand its Phoenix footprint with the addition of David Brown as Executive Managing… Read more
KKR Bolsters Phoenix Industrial Portfolio with Westcore Deal
San Diego-based Westcore divested a roughly 380,000-square-foot industrial property at 8001 West Buckeye Rd. in Phoenix to affiliates of KKR.… Read more