Phoenix
Industrious Inks Deal for Space at The Monroe
Co-working space provider Industrious of New York signed a lease to take 30,000 square feet at The Monroe in downtown… Read more
Deloitte Finalizes Deal as 100 Mill’s Top-Floor Tenant
Deloitte signed a lease with co-developers Cousins Property and Hines to take the top floor of the under-construction 100 Mill,… Read more
Alliance Residential Buys Land, Prepares for 384-Unit MF Development
Alliance Residential struck a deal with Galleria Ventures Ltd. to acquire 16.2 acres east of the University of Texas at… Read more
Vestar Sells 254K-SF Crossroads Towne Center for $62M
Vestar ended its hold on Crossroads Towne Center, a 254,109-square-foot shopping center in Chandler, AZ. The Phoenix-based Vestar sold the… Read more
Construction Commences on $118M ASU-Phoenix Residence Hall
Capstone Development Partners broke ground on a $118-million, mixed-use, student-housing project serving students attending Arizona State University’s downtown Phoenix campus.… Read more
Evergreen Sells Five New Retail Assets for $33M
Phoenix-based Evergreen Development Company has sold five new-construction retail buildings in transactions totaling $33 million at Eastvale Marketplace, a recently… Read more
35K-SF Abrazo Cave Creek Hospital Planned
Abrazo Health is set to begin construction on a microhospital in Cave Creek, AZ. Situated just outside of Phoenix, the… Read more
Direct Retail Partners Becomes 417K-SF Market Heights Shopping Center Owner — Again
In 2008, Direct Development delivered the Market Heights Shopping Center, a 417,167-square-foot regional lifestyle center in Harker Heights, TX. Twelve… Read more
Q4 Phoenix Office: Shrinking Vacancies, “Lofty” Absorptions
Phoenix’s office market in Q4 2019 showed a great deal of strength, with commercial real estate analysts pointing to positive… Read more
BKM Acquires Multi-State Industrial Portfolio for $425M
Newport Beach, CA-based BKM Capital Partners has acquired an industrial portfolio encompassing 11 properties located in Arizona, Northern California, Southern… Read more
168K-SF Industrial Portfolio Sells for $17M
ViaWest Group ended its hold on a three-building, 100%-leased industrial portfolio in the Phoenix area. The 167,518-square-foot portfolio traded to… Read more
Atari Unveils Plans for Video-Game-Themed Hotel
Game designer and developer Atari is entering into a new business line: Video-game-themed hotels. The first Atari Hotel is scheduled… Read more
Bluerock Real Estate Snags 254-Unit Avenue 25
Bluerock Real Estate LLC struck a deal with Milburn & Co. to acquire Avenue 25, a 254-unit multifamily complex in… Read more
Lincoln Property Sells Historic Luhrs Building for $14M
Lincoln Property Co. sold the historic, 108,000-square-foot Luhrs Building to PEG Companies, a Provo, UT-based buyer, and A.G. Hill Partners… Read more
It’s Time to Nominate the Year’s Top Brokers
The deadline is almost upon us to nominate commercial real estate’s top leasing and sales brokers for Connect Media’s third… Read more
Clarion Acquires Reno’s Lear Industrial Center for $117M
Clarion Partners LLC has acquired Lear Industrial Center in Reno, NV, for $117 million. The seller, Panattoni Development Company, originally… Read more
MXU Union @ Roosevelt Sells for $27M
Origin Investments acquired Union @ Roosevelt, a mixed-use project situated within downtown Phoenix’s Roosevelt Row district. The Chicago-based buyer paid… Read more
Western Wealth Continues Feeding MF Appetite, Pays $43M for Sonesta on University
Canadian buyer Western Wealth Capital continued its Phoenix-area investment, acquiring the 212-unit Sonesta on University for $42.5 million. Knightvest Residential… Read more
Amazon Expands Again, Leases 554K SF at West 202 Logistics Center
Amazon Inc. is planning another fulfillment center in the Phoenix area. The e-commerce giant is leasing a 554,000-square-foot distribution facility… Read more