Phoenix
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
CBRE Global Investors Raises $616M for 5th U.S. Development Fund
CBRE Global Investors closed its capital-raising efforts for CBRE U.S. Development Partners 5, a development club fund. The Los Angeles-based… Read more
Yardi: First Half of 2019 Ends Strong
While multifamily rent growth began slowly in 2019 (in comparison to recent years), rents increased in Q2 2019. According to… Read more
California Market Values Flatline Against Backdrop of U.S. Rent Growth Acceleration
U.S. rent values continued their growth streak, accelerating for the ninth-straight month, according to the June Zillow Real Estate Market… Read more
Rosewood Enters PHX Market, Acquires 283-Unit Jefferson Chandler
Rosewood Property Co. entered the Valley of the Sun with its acquisition of the 283-unit Jefferson Chandler from JPI. Both… Read more
Rastegar Property Buys Land, Plans Potential Tallest Building in Arizona
Rastegar Property Co. acquired a 0.61 acre at Fourth Avenue and Van Buren Street in downtown Phoenix. The Austin-based investor… Read more
Valley Commerce Center Sells for $28M
Fenway Capital Advisors sold Valley Commerce Center, a multi-tenant office building in Phoenix, for $27.95 million. The Solana Beach, CA… Read more
ViaWest Purchases Sky Harbor Portfolio, Plans Redevelopment
ViaWest Group struck a deal with Bayless Investment & Trading Co. to acquire vacant land and industrial buildings in Phoenix’s… Read more
Acacia Capital Pays $67M for 264-Unit Sonoran Vista in Scottsdale
Acacia Capital Corp. paid $67 million to buy Sonoran Vista, a 264-unit, Class A multifamily property in Phoenix’s North Scottsdale… Read more