Phoenix
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
Ventas’ University-Based R&I Development Pipeline Exceeds $1.5B
Chicago-based Ventas, Inc. reported its development pipeline in the university-based Research & Innovation (R&I) sector now exceeds $1.5 billion in… Read more
Maverick Rides into MF Arena
Maverick Residential Company broke into the multifamily industry in a partnership involving former Alliance Residential executive Jeffrey Krohn and real… Read more
Seattle Maintains Top Office Investment Crown in IPA Report
New research by Marcus & Millichap’s Institutional Property Advisors (IPA) division shows the U.S. economy remains structurally positioned for growth… Read more
Anchor Health Enters PHX Market with Sun City Buy
Anchor Health Properties invested in La Ronde Medical Centre, a highly-strategic 89,000-square-foot institutional-quality outpatient facility in Sun City, AZ, through… Read more
Phoenix’s Sanctuary on 22nd Sold for $32M
Sanctuary on 22nd, a 266-unit apartment community in the heart of Phoenix, has traded hands for $31.8 million. The seller… Read more
CRE’s Drive to Adopt Electric Vehicles
A key to success in emerging real estate technologies is for major players to get in on the ground floor.… Read more
Crown Wins Bid for 100-Acre North Phoenix Development Site
Crown Realty & Development acquired 96.5 acres and will take over as master developer of a prime North Phoenix site… Read more
Illinois Needs to Incentivize Data Center Investment: Report
Although Chicago is the nation’s third largest data center market, Illinois has shown significantly weaker growth in the sector than… Read more
Digital Realty Expands Internet Exchange Platform to Chicago
Data center REIT Digital Realty has expanded its Digital Realty Internet Exchange (DRIX) platform to data centers on Chicago’s South… Read more
Weidner Divests Central Phoenix MF for $37M
Monterra Apartment Homes, a 258-unit multifamily property in Phoenix, traded hands for $37.2 million, which equates to $144,186 per unit.… Read more
Mega-Scale Data Center Campus Planned Near Phoenix
Santa Clara, CA-based Vantage Data Centers acquired 50 acres of land west of Phoenix where it plans to build a… Read more
Are Hotels Getting into Co-Working?
Hotel amenities for business travelers vary from full-fledged business centers (complete with computers, printers and free WiFi), to lobbies conducive… Read more