Phoenix
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
129K-SF Sprouts Cold Storage Sells to CBRE Global Investors
A 128,929-square-foot cold-storage and distribution center occupied by Sprouts Farmers Market sold to a fund sponsored by CBRE Global Investors.… Read more
Connect Apartments 2019: Healthy Outlook for the Multifamily Sector
By Ben Johnson Connect Apartments 2019 kicked off with a bang last week, as Michael Cohen, vice president advisory services… Read more
Canadian Investor Snags the 236-Unit Colony Apartments
Western Wealth Capital struck a deal with CALCAP Advisors to acquire The Colony, a 236-unit apartment complex in Phoenix. The… Read more
Exeter Property Buys 124K-SF Phoenix Industrial
Exeter Property Group acquired a 123,754-square-foot industrial building in Phoenix, AZ’s southwest submarket. The buyer paid seller David Turner International… Read more
Harbor Group Pays $40M for 258-Unit Arcadia 4127
Harbor Group International LLC acquired the 258-unit Arcadia 4127 apartments in Phoenix. The Norfolk, VA-headquartered buyer paid $40.4 million to… Read more
Yardi Matrix Report: U.S. Multifamily Rent Growth Slows Down
To stay connected with multifamily news and trends, we invite you to attend Connect Apartments at the JW Marriott in… Read more
Rosie Keller Joins Transwestern as SVP
Transwestern Commercial Services (TCS) hired Rosie Keller to serve as vice president and asset services leaders in its Phoenix, AZ… Read more
Local Buyer Nabs One Chandler Corporate Center
VanTrust Real Estate LLC ended its hold of One Chandler Corporate Center, a 117,394-square-foot, Class A office building occupied by… Read more
Vestar, Oaktree Secure $97M Refi for SLC MXU
A partnership between Phoenix-based Vestar and funds managed by Oaktree Capital Management L.P. received $96.9 million to refinance The Gateway,… Read more
Home Price Gains Slow in California, Nationally for 12th Straight Month
The latest research by S&P Dow Jones Indices shows that the rate of home price increases across the U.S. has… Read more
CBRE Secures $40M Loan for Two-State Retail Portfolio
CBRE arranged $40.4 million in debt financing for four multi-tenant retail centers located in metro Phoenix and Las Vegas. The… Read more
Census Bureau Ranks San Antonio as Second Fastest-Growing City
The U.S. Census Bureau ranked San Antonio as the second fastest-growing city in the country, having added an estimated 20,824… Read more