Phoenix
Alliance Divests Phoenix MF to Weidner for $84M
Kirkland, WA-based Weidner Apartment Homes acquired Broadstone Roosevelt Row, a 316-unit apartment complex in the heart of downtown Phoenix’s Roosevelt… Read more
Multifamily Numbers and Opportunity Zones
A great deal has been written about the Opportunity Zone program. Passed in December 2017 as part of the Tax… Read more
Conor Commercial, Globe Corp. Divest Arizona Facility for $27M
Rosemont, IL-based Conor Commercial Real Estate and Globe Corporation sold AZ|60 Industrial, a two-building, 225,600-square-foot facility in Gilbert, AZ for… Read more
Top Broker Honorees: Cliff David and Steve Gebing
Cliff David and Steve Gebing graduated from a friendship forged in high school to becoming a leading brokerage team at… Read more
PMB Joins Forces with Dignity Health for 2nd Phoenix-Area MOB
San Diego-based PMB is building a second medical office building (MOB) on the Dignity Health Mercy Gilbert Medical Center campus… Read more
Leon Capital Plans 380-Unit MF in Arizona
Dallas-based Leon Capital Group plans to develop a 380-unit multifamily community in Gilbert, AZ, near the SanTan Village Mall. The… Read more
SIOR’s 2018 Top Transaction Award Winners Announced
The Society of Industrial and Office Realtors (SIOR) announced its Top Transactions Award Winners of 2018. This year, 533 SIOR… Read more
LGE Breaks Ground on 800K-SF in Goodyear, AZ
Phoenix-based LGE Design Build, in partnership with Chicago-based Clarius Partners LLC, broke ground on The HUB at Goodyear in Phoenix’s… Read more
Trammell Crow Names Cathy Thuringer to Lead Phoenix Unit
Trammell Crow Company (TCC) promoted Cathy Thuringer to Business Unit Leader for the firm’s Phoenix Business Unit. Previously serving as… Read more
Amherst Residential Pays $404M for SFR Portfolio
Amherst Residential LLC of Austin closed on the purchase of 2,400 single-family rental properties, over several transactions valued at $404.1… Read more
Where is Search for Yield Taking Investors in 2019?
By Dennis Kaiser The search for yield in a late-cycle environment is drawing more commercial real estate investors into secondary… Read more
Bascom Affiliate Bags Tempe MF for $89M
Bascom Arizona Ventures, LLC acquired the Tempo at McClintock Station Apartments, a mid-rise multifamily property consisting of 423 residential units… Read more
Seattle Investor Snags Five-Property Western MF Portfolio for $100M
Berkadia originated a $97.85 million Fannie Mae Credit Facility, which provided permanent fixed-rate financing for the acquisition of five multifamily… Read more
Redevelopment Plans Unveiled for Uptown Phoenix Office
Phoenix-based George Oliver unveiled plans for its CASA redevelopment, a 181,188-square-foot, Class A office building in Phoenix’s booming Uptown neighborhood… Read more
Safeway Opens More In-Store AI-Powered Medical Clinics
Safeway shoppers in the Phoenix area can now pick up a gallon of milk and take care of any pesky… Read more
2018 Single-Family Rent Growth Tops Prior Year
Single-family rent growth at the end of 2018 was 3.1% nationally, topping the 2.9% reported in December 2017. CoreLogic’s Single-Family… Read more
Apartment Sales Volume Scales New Annual Peak
Industrial may be the belle of the investment ball, but multifamily hit a new peak in 2018, according to NKF.… Read more
Newly-Built Tucson Marriott Lands $40M Cash-Out Financing
Walker & Dunlop recently structured $40 million in financing for the newly-built AC Marriott in Tucson, AZ. The transaction was a collaboration… Read more
Investcorp Acquires Eight U.S. MF Assets for $330M
Bahrain-based alternative investment manager Investcorp’s U.S.-based real estate investment team acquired eight new multifamily properties. The 2,510-unit portfolio was purchased… Read more