Phoenix
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
Trammell Crow Reshapes Operations, Promotes Adam Nims, Adam Saphier
Trammell Crow Co. is consolidating its operational model from three regions to two, and creating expanded Eastern and Western Regions… Read more
Sares Regis Seals Multifamily Fund at $328 Million
Newport Beach-based Sares Regis has closed out fundraising for its Sares Regis Multifamily Value-Add Fund III at $328 million in… Read more
Put Leading CRE Brokers into the Limelight
For the third consecutive year, Connect Media will be spotlighting the industry’s top brokers. We’re inviting you to help us… Read more
First McKinley Development Site Sells for $7M
Drapac Capital Partners ended its hold on First McKinley, a 1.7-acre site in downtown Phoenix. The buyer sold the property… Read more
Marriott Sells Sheraton Phoenix Downtown for $268M
Less than two years after acquiring the 1,000-room Sheraton Phoenix Downtown hotel, Marriott International Inc. sold the property to Blackstone… Read more
Toll Brothers’ 8-Acre Buy Paves Way for 402-Unit Development
TB 4100 N. Central Ave LLC, an entity formed by Toll Brothers, acquired 8.2 acres at Central Avenue and Indian… Read more
Investors Trade PHX Properties Back and Forth, Deals Total $47M
Two investors traded apartment complexes in the Phoenix area, with the transaction totaling $47 million. When the dust had settled,… Read more
Long-Term Hold Ends on 313K-SF Canyon Corporate Plaza
Northridge Capital LLC ended a nearly 15-year hold on Canyon Corporate Plaza, a two-building, 313,000-square-foot office campus on Phoenix’s northwest… Read more