Phoenix
Trio of CRE Veterans Form New Development Firm
Real estate veterans Matt Root, Jim Stuart and Kevin Burke formed a real estate development company called Matter Real Estate Group. The San Diego-based firm primarily… Read more
ViaWest Ends Hold on Merchant Industrial Portfolio
ViaWest Group ended its three-year hold on Merchant Industrial, a four-building, 245,945-square-foot industrial portfolio at 7155, 7157, 7177 and 7189… Read more
Westwood Financial Acquires Two Sprouts-Anchored Centers in SW, SE
Westwood Financial LLC acquired two Sprouts-anchored neighborhood centers in Phoenix and Atlanta, for a total of $66.2 million in separate transactions. The retail real… Read more
Slack Says ‘Yes’ to Denver, But Unclear if its for HQ2
San Francisco-based Slack Technologies confirmed it plans to open an office in Denver later this year, though didn’t confirm it… Read more
Multifamily Rent Growth Springs into Gear
Multifamily rents in the U.S. performed strongly in April, rising $4 to $1,377, according to a survey of 121 markets by Yardi Matrix. Rents… Read more
Ryan, Cadence Commence Senior Living Development in Phoenix
Ryan Companies US, Inc., in partnership with Cadence Senior Living, is designing, developing and building Azure Mesa, an upscale senior… Read more
Wally Hale joins Avison Young in Phoenix from JLL
Avison Young expanded its team in Phoenix with the addition of Wally Hale, a leading office tenant representation specialist. Hale joins… Read more
Phoenix’s Chase Tower Divested for $80M
Chase Tower, a 40-story office building in Phoenix, was acquired by a joint venture formed by Phoenix-based Wentworth Property Co.… Read more
ESI Ventures Sells PHX MF for 4X Purchase Price
ESI Ventures divested Madison Grove Apartments in Phoenix to Rincon Partners in an off-market transaction valued at $21.45 million. The… Read more
JLL Adds 14 MF Pros, Expands West, SW Footprint
JLL expanded its multifamily platform with the addition of 14 professionals across the West. Joining JLL in Phoenix from Walker… Read more
L5 Investments Partnership Acquires PHX MF for $27.2M
El Dorado Hills, CA-based L5 Investments, in partnership with MLA Properties and BH Equities, acquired Cielo Apartments in Phoenix for… Read more
Blackstone Acquires Arizona Biltmore in Phoenix for $403M
New York-based Blackstone Real Estate Advisors acquired the Arizona Biltmore resort in Phoenix from Singaporean sovereign wealth fund GIC for $403.4… Read more
NorthMarq Adds 10-Person MF Investment Sales Team in Phoenix
A 10-person multifamily investment sales team headquartered in Phoenix joined NorthMarq Capital in a newly -reated NorthMarq Multifamily business. Formerly… Read more
How Millennials Drive Tomorrow’s Real Estate Trends
As Millennials in the U.S. settle into their 20s and 30s, affordable mid-sized tech hub cities, select city-center neighborhoods and… Read more
Anthony Valenzuela Joins Hunt from CBRE
Hunt Mortgage Group expanded its team in the Southwest with the addition of Anthony Valenzuela. He joins as Vice President,… Read more
San Antonio: We’re No. 6! In Solar
An analysis issued by Environment America has placed San Antonio No. 6 for installed solar capacity in the United States.… Read more
Most US Warehouses Inadequate for E-Commerce Distribution
Momentum for additional construction of U.S. warehouses is not likely to wane, because the vast majority of the country’s warehouse… Read more
Delinquency Rates for Nevada, Arizona Outpace National Average
Highlighted by huge Las Vegas Strip casino hotels and sought-after offices in Denver and Phoenix, the Mountain region of the U.S. features… Read more
Arizona’s Skyway Commons Debuts 25% Pre-Leased
Phase I of Skyway Commons, a spec 110,221-square-foot industrial development in Surprise, AZ is now 25% pre-leased. Two lease agreements… Read more