Phoenix
Oakwood, WaterWalk Form Hospitality Brand Partnership
Phoenix-based Oakwood formed a partnership with Wichita, KS-based WaterWalk International to create a new hospitality brand, Oakwood WaterWalk. The purpose-built… Read more
PCCP Provides Financing to IDM for Development of PHX MFs
PCCP, LLC provided two senior loans totaling $54.2 million to IDM Companies for the ground-up development of two multifamily complexes… Read more
California Cities Among Construction Costs Leaders
Two California cities, San Francisco and Los Angeles, were ranked among the markets with high construction costs, though one was… Read more
Seefried, Crow Holdings Claim 40 Acres, Plan Logistics Park in Phoenix
Atlanta-based Seefried Industrial Properties and Dallas-based Crow Holdings Capital Real Estate acquired a 40-acre land site in Avondale, AZ where… Read more
Investcorp Acquires U.S. Distribution Center Portfolio for $170M
Investcorp’s U.S.-based Real Estate Investment team acquired a portfolio of eight single-tenant distribution properties across the country for a combined… Read more
PCCP, Hopewell Form JV for Three-Building Industrial Development in Phoenix
PCCP, LLC formed a joint venture with Calgary, Canada-based Hopewell Development for the speculative development of three Class A industrial… Read more
KBS, Verus Taps Transwestern for Historic Phoenix Assignment
Transwestern Commercial Services (TCS) was selected to provide leasing services for Madison Square, a four-building office campus with a rich… Read more
Chicago’s the Most Sought-After Rental Market in U.S.
Good news for Chicago’s rental apartment landlords: the city is currently the most sought-after rental market in the U.S. So… Read more
Parallel Capital Finalizes $25M AZ Center Renovation, Preps for Hotel
San Diego-based Parallel Capital Partners, Inc. finalized more than $25 million in renovations to Phoenix’s iconic Arizona Center, completing new creative… Read more
Newmark Realty Capital Completes $317M CRE Mortgages During Q1 2019
San Francisco-based Newmark Realty Capital, Inc. (NRC) closed $316.5 million of commercial mortgages during 1Q2019 across 56 transactions. The independent… Read more
ON Semiconductor Acquiring Hudson Valley Fab Plant in $720M Deal
Phoenix-based ON Semiconductor is expanding its operations in New York state by purchasing and preserving the existing GlobalFoundries Fab 10… Read more
Conor, Globe Assemble 19 Acres, Plan Phoenix Spec Industrial
Conor Commercial Real Estate assembled 18.8 acres in Phoenix’s land-constrained Sky Harbor Airport submarket for a spec industrial development. Airport… Read more
IPA Brokers $30M Phoenix Metro MF Sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the $30-million sale of Modern on Gilbert, a 265-unit… Read more
CIM Affiliated REIT Divests 18 Properties to ILPT for $625M
Affiliates of Phoenix-based Cole Office & Industrial REIT (CCIT II) closed on the previously announced sale of 18 industrial properties… Read more
Fairlife Expanding, Building $200M+ Production Facility in Goodyear, AZ
A new 300,000-square-foot production and distribution facility is being built by fairlife, LLC in Goodyear, AZ. The more than $200-million… Read more
Kitchell Sells Freeway Logistics Industrial Complex in Phoenix
Phoenix-based Kitchell Development sold Freeway Logistics, a Class A, 230,422-square-foot industrial and distribution complex in Phoenix to CAM Industrial Fund… Read more
Balfour Pacific Snags First Metro Phoenix Acquisition in Resurgent Midtown Market
Vancouver, BC-based Balfour Pacific Capital Inc. reportedly acquired the 25-story Phoenix Corporate Tower in Phoenix’s midtown market from Colony Financial… Read more
WeWork Continues PHX Expansion with Four-Floor CBD Deal
New York-based WeWork established its first downtown Phoenix location at 101 North. The shared workspaces company will lease four full… Read more
Slowdown in Home Price Growth Comes to Chicago
Chicago home price increases have begun to lag after nearly a year of steadiness amid declining annual gains nationally. The… Read more