Phoenix
Top Broker Honoree: Institutional Property Advisors’ Cliff David and Steve Gebing
Colleagues say that Cliff David and Steve Gebing have achieved “extreme success” in selling apartment properties throughout Arizona. Based in… Read more
Ritz-Carlton Breaks Ground on Paradise Valley, AZ Resort
Scottsdale, AZ-based Five Star Development broke ground on The Ritz-Carlton, Paradise Valley, AZ. The 205-room hotel is set on 20… Read more
Hunt Mortgage Delivers $31M Loan for PHX MF
Hunt Mortgage Group provided a first mortgage bridge loan in the amount of $30.5 million to finance the acquisition and… Read more
Pilkington Renews 200K SF at Lincoln Property’s Buckeye 75 in Phoenix
After completing a site selection search spanning the U.S. and Mexico, leading glass manufacturer Pilkington North America opted to remain… Read more
Canadian Investor Acquires Phoenix MF for $90M
Two entities formed by Vancouver, Canada’s Western Wealth Capital purchased Carlyle at South Mountain Townhomes & Apartments in Phoenix for… Read more
Vestar Nabs Vegas Retail Center for $87M
Phoenix-based Vestar acquired the Best in the West, a 430,000-square-foot shopping center in Las Vegas from Houston-headquartered Weingarten Realty Investors… Read more
Walker & Dunlop Closes $50M Mod-Rehab Loan for Arizona MF
Walker & Dunlop, Inc. structured a $49.6 million loan for Arrowhead Summit, a 412-unit, Class B property at 18330 North 79th Ave.… Read more
CBRE Completes $53M Sale of Arizona Apartment Community
Aldea at Estrella Falls, a 328-unit Class A multifamily property, located at 2400 N. Bullard Ave. in Goodyear, AZ, has… Read more
Counting Cranes: Construction and Development By the Numbers
It’s a bird, it’s a plane…. it’s a (good amount of) cranes. Rider Levett Bucknall (RLB), an international property and… Read more
Scottsdale MF Trades for Record $210M
Optima Sonoran Village in Scottsdale, AZ sold for a record $210.4 million. The 206-unit luxury apartment complex at 6895 East… Read more
CIM Group Affiliate Acquires Cole Capital from VEREIT
An affiliate of Los Angeles-based CIM Group acquired Cole Capital from Phoenix-based VEREIT, Inc. In connection with the transaction, VEREIT… Read more
Iconic PHX Office Tower Trades for $81M
BMO Tower at Central Arts Plaza, a 24-story, 485,687-square-foot office building in Phoenix, has sold for $80.7 million. A joint… Read more
$1B Electric Semi-Truck Plant, 2,000 Jobs Coming to Arizona
Nikola Motor Co. plans to build a $1-billion manufacturing plant and relocate its R&D, as well as company headquarters to… Read more
C&W Report Identifies Fastest Growing Healthcare Markets
The fastest growing healthcare markets are also the same markets that boast the largest population of older Americans, according to… Read more
Frank Lloyd Wright’s Last Residential Project on the Market
In 1959, renowned architect Frank Lloyd Wright passed away. Before he did so, he left behind numerous architectural wonders that… Read more
$300M, 3.6M-SF Development Launched in PHX
Irwin G. Pasternack AIA + Associates PC and Pasternack Properties broke ground on TEN Distribution Center, a $300-million industrial park in… Read more
Dallas Investor Picks Up Phoenix MF for $110M
Dallas-based Knightvest Capital acquired the 768-unit Red Mountain Villas apartments in Phoenix for $110 million. The commercial real estate property… Read more
ViaWest Picks Up PHX Industrial for $60M
Phoenix-based ViaWest Properties LLC and a JV partner acquired 10 Chandler, a 553,317-square-foot industrial park in Chandler, AZ for $60… Read more
A List of Cities’ Outrageous Amazon HQ Bids
In September, Amazon announced its plans to build a second headquarters in a to-be-determined city. After releasing their statement, 238… Read more