Phoenix
BlackRock-Led Consortium to Acquire Aligned Data Centers
A BlackRock-led consortium known as the Artificial Intelligence Infrastructure Partnership (AIP) said Wednesday it would acquire 100% of the equity… Read more
Northmarq Arranges Financing for Casa Grande BTR Sale
Northmarq’s Phoenix Multifamily Investment Sales team has arranged the $30 million sale of Solana Place at Carlton Commons, a newly built 113-unit… Read more
Creation Finds Tenant Before Glendale Warehouse Construction Begins
Creation and QuarterMoore broke ground on Harbor Park, a two-building industrial complex spanning 9.69 acres in Glendale, which is already 67%… Read more
29th Street Buys Vintage Phoenix Apartments
Urban 148, a garden-style apartment complex located at 1609 W. Glendale Ave. in North Central Phoenix, has sold for $24.1… Read more
Phoenix Industrial, Office, Retail Absorption Rates On a Roll
CBRE has released its Q3 industrial, office and retail figures for Phoenix. For the industrial market, net absorption reached 6.4… Read more
ViaWest, Barings to Redevelop N. Phoenix Industrial Park
A joint venture between ViaWest and Barings has acquired Deer Valley Innovation Park with plans to redevelop the property into… Read more
U.S. Apartment Rent Growth Turns Negative for September
U.S. multifamily advertised rents fell $6 to an average of $1,750 in September in the worst one-month drop since November… Read more
Trammell Crow Starts Work on 1M-SF Phoenix Industrial Park
Trammell Crow Company (TCC) broke ground on West 101 Logistics Center, a five-building, 1,088,747-square-foot industrial development in Phoenix. The speculative… Read more
Costco, Hotels Planned Near TSMC Plant
The $65 billion Taiwan Semiconductor Manfucturing Company Plant in North Phoenix has attracted two more businesses, hoping to capitalize on… Read more
Lincoln Property Trades Phoenix Warehouse for $147M
Dollar Tree paid $147 million for one phase of the 3.75 million square foot Park303 Logistics Park in Glendale, Arizona.… Read more
Cardinals Building $200M Football Ops Center
The Arizona Cardinals have updated their plans for their new training facility. They will create a new building at Paradise… Read more
Gantry Secures Acquisition Loan for Two Phoenix Buildings
Gantry secured $16.3 million of financing for the acquisition of two buildings located at 950 & 960 W. Behrend Drive… Read more
Modular Builder Completes First Phoenix Project
Modular housing developer Tudo Capital has completed its first project, Stacks on Polk, a 19-unit modular building in Phoenix constructed… Read more
SoCal Grocer Planning 15 Arizona Stores
A Southern California-based supermarket chain plans to enter the Phoenix grocery store competition. The first Arizona Vallarta store will be… Read more
Work Underway on Former Metrocenter Mall
Developer Concord Wilshire Capital completed the demolition of the former Metrocenter Mall. The Metropolitan will be a $850-million, mixed-use destination… Read more
Aldi Building 16th Arizona Store
Aldi will add one of its stores to Southbridge Marketplace in Maricopa. The shopping center is part of a retail… Read more
Lender-Owned Phoenix Apartment Community Sells for $36M
The Neiders Company purchased U@19th, a 236-unit real estate-owned (REO) midtown Phoenix apartment complex, for $36.06 million. Northmarq’s Phoenix Multifamily… Read more
Mack Obtains $89.5M Refi for Deer Valley Warehouses
Mack Real Estate Group (MREG) has secured $89.25 million in financing for Mack Innovation Park Deer Valley Site C, which was delivered in… Read more
Multiple Partners Combine Efforts on Phoenix Affordable Housing Venture
Pennrose, Bank of America, Butler Housing Company, CBC Financial Corp, the City of Phoenix, and the Arizona Department of Housing… Read more