Phoenix
Arizona’s Employment Increased by 79K Jobs Year-Over-Year
The Arizona seasonally-adjusted unemployment rate remained at 4.5% in February 2020, the same as January 2020. A report from the… Read more
Plans Unveiled for Kierland Sky Office Redevelopment
Developer Ted Akiba submitted development plans for Kierland Sky, a 534,000-square-foot office project at 14635 N. Kierland Blvd. in northeast… Read more
Glendale Apartment Community Goes for $14M in Value-Add Play
NKF Multifamily handled the $14.3-million sale of Royal Palms, a 138-unit property located at 5902 West Royal Palm Rd. in… Read more
Hines-Led JV Buys Land for Luxury Apartment Development in North Phoenix
Houston-based Hines, along with a joint venture partner, closed on 11 acres in north Phoenix with plans to develop a… Read more
Tower Capital Delivers $20M for Mesa Home2 Suites Development
Phoenix-based Tower Capital advised on more than $20.1 million in financing for the ground-up development of a 111-key Home2 Suites… Read moreGround Broken on 21-Story ‘Small Unit’ MF in PHX’s Roosevelt Row
Construction commenced on Ascentris’ 21-story Derby Roosevelt Row, Metro Phoenix’s first “small unit” apartment development. Located at 800 E. 2nd… Read more
Newly-Delivered Self-Storage Facility Sold in Anthem
Cushman & Wakefield arranged the $18.2-million sale of Storage at Anthem, a 784-unit self-storage facility located in Anthem, AZ. Guardian… Read more
Metro Phoenix Renters Facing Eviction Receive Reprieve
The Arizona Supreme Court gave Maricopa County Justice Courts authorization this week to suspend mandatory timelines on eviction hearings. Due… Read more
West 202 Logistics Center Trades for $61M
Trammell Crow Co., developer of West 202 Logistics Center, sold the 554,331-square foot property in Phoenix. Buyer Cohen Asset Management… Read more
Christopher Todd-Branded SFR Communities Sell to Inland Real Estate
Inland Real Estate Acquisitions LLC, acting on behalf of Inland Real Estate Group of Companies Inc., struck a deal with… Read more
IDM Cos. Secures $49M Construction Loan for 458-Unit Acero Algodon
Canadian developer IDM Cos. secured a $49.2 million senior loan for ground-up development of Acero Algodon, a 458-unit garden-style multifamily… Read more
Phoenix Cracks Top-10 “Best State Capitals for Renters” List
Phoenix has ended up on Rent Café’s “Best U.S. State Capitals for Renters” 2020 list. The Valley of the Sun… Read more
180K-SF Life Time Happy Valley-Peoria Planned
Life Time Inc., a developer, owner and operator of luxury athletic resorts, announced plans for a 180,000-square-foot center in Peoria,… Read more
Ogletree Deakins Stays Put, Renews at Camelback Esplanade
Ogletree Deakins opted to stay put in its space at Camelback Esplanade, inking a deal that will expand its space… Read more
Scottsdale Medical Pavilion Sells to Private Buyer
Klingbeil Capital Management sold the Scottsdale Medical Pavilion, a 53,157-square-foot multitenant medical building in Old Town Scottsdale to a private… Read more
Armstrong Capital Acquires Fry’s Shops at Stapley & McKellips
Armstrong Capital Development LLC (ACD) made its second Arizona acquisition, acquiring 20,548 square feet of retail shadow space in Mesa,… Read more
Triumph Properties Group Snags 308-Unit Deer Creek Village
Triumph Properties Group acquired Deer Creek Village, a 308-unit multifamily complex in North Phoenix. The California buyer paid private local… Read more
NYC Apartment Growth Runs Slightly Ahead of State, U.S. Averages
New York City rents have declined 0.1% over the past month, but are up moderately by 2.2% from a year… Read more
Final Peralta Canyon Parcel Sells to Beazer Homes for Under $7M
Beazer Homes acquired 78 lots in Peralta Canyon, Phase II for $6.6 million. The parcel’s sale is the close-out of… Read more