Phoenix
Greystar Acquires Alliance Residential’s Property Management Business
Greystar Real Estate Partners has acquired the property management business of Alliance Residential Company for a reported $200 million. The… Read more
CBRE Arranges Office Sale in Phoenix’s Deer Valley
Merit Properties Group divested a 61,304-square-foot single-tenant office building in Phoenix for $7.65 million. The unnamed buyer was a fund… Read more
LGE Delivers Two Developments Across Metro Phoenix
Phoenix-based LGE Design Build completed a pair of projects in Metro Phoenix. The developments include The Hub in Goodyear and… Read more
Gensler Relocates to The Esplanade in Phoenix, Debuts Living Lab
Gensler is relocating its Phoenix office to The Esplanade and will introduce a Living Lab workplace model. The more than… Read more
IPA Expands Phoenix Team with Two CRE Industry Vets
Institutional Property Advisors (IPA), a division of Marcus & Millichap, expanded its team in Phoenix with the addition of Peter… Read more
Greenlight Delivers Pair of MF’s in Phoenix
Scottsdale-based Greenlight Communities completed development of two attainable housing neighborhoods in Phoenix. The first project is Cabana on Washington, a… Read more
Arizona Business Owners Stand Against Opening Too Soon
More than 400 small business owners in Arizona have signed a petition at Too Soon Arizona indicating they don’t plan… Read more
L.A.-Based 1031 Buyer Lands Scottsdale Airpark Creative Office, Airplane Hangar
Los Angeles-based Route 66 Properties LLC acquired a 39,520-square-foot creative office property and airplane hangar in the Scottsdale Airpark for… Read more
Zoom Expanding in Phoenix to Meet COVID-19 Demand
San Jose, CA-based Zoom Video Communications Inc. plans to open a new research and development center in Phoenix. The videoconferencing… Read more
Apple Chip Maker, TSMC, Plans $12B Facility in Arizona
Hsinchu, Taiwan-based Taiwan Semiconductor Manufacturing Co. (TSMC), plans to invest roughly $12 billion to build an advanced semiconductor factory in… Read more
California Investor Snags Mesa’s Sycamore Station Site for MF Development
Pride Ventures, LLC II, a California-based investor and developer, acquired Parcel 1 in Mesa’s Sycamore Station for $3.8 million. The… Read more
George Oliver Adapts Downtown Chandler Redevelopment in Response to COVID
Phoenix-based George Oliver is making adjustments to The Alexander in downtown Chandler to accommodate needs in COVID-19 pandemic era. The… Read more
TSB Lines Up Senior Financing on Timber-Framed Cleveland Tower
TSB Capital Advisors, based in Phoenix, arranged an undisclosed amount of financing for Harbor Bay Real Estate Advisors’ INTRO multifamily… Read more
DAUM Directs Three Industrial Acquisitions in Greater Phoenix Area
DAUM Commercial Real Estate Services completed three acquisitions of industrial properties totaling nearly 60,000 square feet in the greater Phoenix… Read more
DPMG Buys 6.5 Acres in Chandler to Develop MXU Industrial Project
Phoenix-based DPMG Galveston LLC completed the $2.05 million purchase of 6.5 acres in West Chandler from Truwest Credit Union. DPMG… Read more
Brookfield Buys Seven-Property Southwest Industrial Portfolio for $25M
Brookfield Property Group acquired seven single-tenant industrial properties from privately-owned investment firm, Lowenberg Corporation. The multi-state industrial portfolio was purchased… Read more
Hawkins Proposes Southdale MXU in Scottsdale
Boise, ID-based Hawkins Companies submitted plans for Southdale, a four-story, mixed-use multifamily development in Scottsdale. The 267-unit project would be… Read more
Kidder Mathews Brokers 143-Acre Arizona Land Deal
Phoenix-area investor and developer Southern Cross, LLC acquired a 143-acre development site in Casa Grande, AZ for $1.5 million. The… Read more
Report: Industrial Looks Like a Smart Play in the Current Environment
As national stay-at-home orders have shifted much of the economy toward a delivery model, the negative implications have been broadly… Read more