Phoenix
54K-SF Ahwatukee Mercado Claimed by California Buyer
Westwood Financial LLC now owns the Ahwatukee Mercado shopping center in Phoenix’s Ahwatukee Foothills Village district. The Los Angeles buyer… Read more
Aspen Group Targets Austin for Stand-Alone Nursing Campus
Aspen Group Inc. has announced its campus expansion plans for its Aspen University Pre-Licensure Bachelor of Science in Nursing program.… Read more
Trammell Crow JV Launches Construction on MXU Fillmore in PHX
Trammell Crow Co.’s residential arm, High Street Residential. is partnering with a fund sponsored by CBRE Global Investors to develop… Read more
Rockwell Property Makes Second Phx Buy, Nabs 192 Units in Citi on Camelback
Rockwell Property Co. made its second buy in four months in the Phoenix area, acquiring 192 units from City on… Read more
Home Price Gains Continue Deceleration Trend
S&P Dow Jones Indices’ latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions,… Read more
Black Salmon Invest $107M in U.S. Bank Center
Black Salmon shook hands with partners ScanlanKemper Bard Cos. and Varde Partners Inc. for ownership rights of the U.S. Bank… Read more
Shuttered Sports Authority to Become New Entertainment Venue
A 55,000-square-foot closed Sports Authority space at 4720 Alexander Blvd. N.E. in Albuquerque, NM, has a new lease on life.… Read more
Downtown Seattle’s 400-Unit ‘Broadstone First Hill’ Listed
A two-property multifamily development has hit the market in downtown Seattle. The developer, Phoenix-based Alliance Residential Company, has enlisted Cushman… Read more
Nike Buys 900K-SF Lincoln Logistics 40, Pays $70M
Nike Inc. paid $69.8 million to a joint venture consisting of Lincoln Property Co. and Goldman Sachs Group Inc., for… Read more
Waypoint $108M Sale Breaks Phoenix-Metro Record
Harvard Investments and Lincoln Property Co. sold the Waypoint suburban Class A office campus for $107.6 million to Innovatus Capital… Read more
Buchanan Street Sells Quattro in PHX for $44M
Buchanan Street Partners ended its hold on Quattro, a 264,994-square-foot, flex office property in Phoenix’s Cotton Center Business Park. The… Read more
Report: U.S. Multifamily Rents Continue Positive Momentum
U.S. multifamily rents have continued their upward trajectory with a 3.4% year-over-year increase in July 2019, according to a new… Read more
191K-SF Data Center in AZ Sells to CBRE Global Investors
CBRE Global Investors acquired a 191,061-square-foot data center in Chandler, AZ from Lincoln Property Co.’s Lincoln Rackhouse. The buyer paid… Read more
JLL Income Property Trust Claims Chandler MF for $72M
JLL Income Property Trust acquired Summit at San Marcos, a newly-developed 273-unit apartment community in the Phoenix suburb of Chandler,… Read more
Q2 Phoenix Office: Job Creation Supports Positive Absorption
The Greater Phoenix area continues leading the country in job creation. And, according to reports from brokerages throughout the region,… Read more
Commercial Real Estate’s Fastest-Growing Media Company Signs Leases on Both Coasts
Connect Media has signed leases in New York and Los Angeles, and secured office space in Atlanta at co-working provider… Read more
Apartment Turnover Rate Continues to Fall; Lowest in Two Decades
New research by Los Angeles-based CBRE shows multifamily turnover, the percentage of total rented units not renewed each year, fell… Read more
BH Properties Expands Arizona Footprint, Invests $55M
BH Properties of Los Angeles targeted investments further east — in Arizona — spending a total of $55.3 million for… Read more
Cali Investor Sells 100K-SF Arcadia Gateway Center
MIG Real Estate of California sold the 99,900-square-foot Arcadia Gateway Center, an office property at 4222 E. Thomas Rd. in… Read more