Phoenix
Hines to Build 25-Story, 379-Unit MF Complex in Downtown Phoenix
Houston-based Hines plans to build a 25-story, 379-unit luxury multifamily complex in downtown Phoenix. The developer purchased a 1.5-acre site… Read more
Ready, Set, Go: Waymo Tests Driverless Cars in CA
Waymo, the self-driving unit of Alphabet (Google’s parent company), has received the green light from California to test its autonomous vehicles… Read more
Phoenix’s Chase Tower Trades Again, This Time for $108M
New York-based Viola Lordsmeer L.P. acquired Chase Tower in downtown Phoenix from a partnership managed by Phoenix-based Wentworth Property Co.… Read more
Phoenix-Area Retail Center Sells for $45M
Palm Valley Pavilions West, a 232,577-square-foot shopping center in Goodyear, AZ, has traded hands for $44.75 million. The buyer was… Read more
Dallas, Austin Rank on Top-10 In-Migration Report
Affordability and climbing mortgage rates are pushing people away from more expensive metros, leading them to places such as Atlanta,… Read more
Q&A: Meridian’s Mike Conn Dissects Opportunities to Backfill Sears Stores with Healthcare
Connect Healthcare is slated for October 29 and 30 at The Resort at Pelican Hill in Newport Beach, CA. Follow… Read more
Sheila Schmidt Joins Meridian in SW Development Role
Connect Healthcare is slated for October 29 and 30 at The Resort at Pelican Hill in Newport Beach, CA. Follow… Read more
Average U.S. Rent Drops in September, Overall MF Outlook Remains Bright
September 2018 marked the first time in eight months that U.S. multifamily rents did not increase. The $1,412 national average… Read more
Liberty Unloads 5-Property Portfolio in Arizona for $255M
A five-building portfolio in metro Phoenix totaling nearly 806,000 square feet has traded hands for $255 million. Pennsylvania-based Liberty Property… Read more
Broadstone Yards Welcomes First Residents to Westside Atlanta MF
Phoenix-based Alliance Residential Company began welcoming the first residents to Broadstone Yards, an art-centered multifamily development in Atlanta’s West Midtown… Read more
Amazon-Leased Logistics Facility in Phoenix Sells for $100M
The Koll Company and Seera Investment Bank B.S.C.(c) reportedly sold Buckeye Logistics Center in Phoenix for $98.325 million to Boston-based… Read more
George Smith Partners Arranges Financing for $150M Arizona Spec Development
George Smith Partners completed $105.5 million in financing for a portion of The Watermark Tempe, a $150-million, mixed-use, ground-up development… Read more
KBS Signs Over 30K SF at Phoenix’s Anchor Centre
Newport Beach, CA-based KBS signed 31,333 square feet of leases Anchor Centre in Phoenix. The new deals involved BurnsBarton, First… Read more
Bixby Adds Pair of Industrial Buildings to Its Strategic Investment Initiative
Newport Beach, CA-based Bixby Land Company acquired two Class A industrial properties for $60.5 million. One asset is located in… Read more
Gulf-based Investor Purchases Two-Property Phoenix Office Portfolio
A two-property office portfolio consisting of three buildings in metro Phoenix were acquired by a Gulf-based, high-net-worth investor for $25.95… Read more
USAA Cutting 265 Real Estate Jobs
USAA, headquartered in San Antonio, announced it would eliminate 265 jobs at its bank in mid-November 2018. The job cuts… Read more
Avison Young Expands in Arizona
Avison Young launched a new project management practice group in Arizona, and named George Rubelsky to lead the effort. The licensed… Read more
Berkadia Secures $78M for Six Hotel Properties
Berkadia secured $78 million financing for six hotel properties in a portfolio of eight total hotel properties on behalf of… Read more
Investcorp Claims 7-Market, 4.5M-SF Industrial Portfolio for $300M
New York-based Investcorp acquired its largest U.S. warehouse portfolio, totaling roughly 4.5 million square feet, for a total purchase price… Read more