Phoenix
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
Soleil Apartments Trades for $40M, Following Active Marketing Period
The 188-unit Soleil Apartments, located in Chandler, AZ, sold to 3rd Ave. Investments LLC for $40 million. Soleil Chandler Apartments… Read more
Chinese Investor Pays $14M for Arizona’s Largest Tesla Facility
Chinese investor Sunrise 8300 Investment LLC acquired Arizona’s largest Tesla facility. The 41,000-square-foot property at 8300 E. Raintree Dr. in… Read more
Avison Young Signs Expansion Lease, Plans Growth
Avison Young’s Phoenix office signed a lease for expansion, inking a six-year, 12,000-square-foot deal at the 203,290-square-foot Camelback Lakes Corporate… Read more
Completion Nears on First Cabana Affordable Apartments
Greenlight Communities is nearing completion on the first of a series of affordable complexes in the Phoenix area, which will… Read more
Phoenix Investor Nabs 245 Acres; Plans Colorado MPC
Walton Global Holdings Ltd., headquartered in Phoenix, AZ, shook hands with True Life Cos. and the Lee Family to acquire… Read more
Townline Secures Financing, Acquires 324K-SF 2600 Tower
Townline Ventures obtained $25.5 million in non-recourse, interest-only bridge financing to acquire 2600 Tower, a Class A building in Midtown… Read more
Nominate the Top Commercial Brokers of 2019
Do you know a commercial real estate broker or team who made a big impact in 2019? For the third… Read more
Lilly Garden Becomes Cali Investor’s First Phoenix Buy
Tower 16 Capital Partners and HG Capital joined forces to acquire Lilly Garden Apartments, a 180-unit multifamily property in Phoenix.… Read more
Partners Group Pays $212M to Acquire Biltmore Center
Partners Group acquired Biltmore Center, a 635,409-square-foot office campus in Phoenix. The New York City buyer paid $212 million to… Read more
Kidder Mathews Acquires Wessex Service Co.
Kidder Mathews acquired the assets of Wessex Service Co., a property management firm headquartered in Scottsdale, AZ. The acquisition is… Read more
$96M Sale of Alta Drinkwater Shatters Another Phoenix-Area Record
Starwood Income Real Estate Trust bought the 277-unit Alta Drinkwater apartment complex in Scottdale, AZ’s Old Town area. The sellers,… Read more
U.S. Multifamily Wraps Up a Strong 2019
The U.S. multifamily sector continues strong, and wrapped up a healthy 2019 with continued rent growth and robust unit absorption,… Read more