Phoenix
How Does California Stack Up on Startup Activity?
The five U.S. metro areas with the highest startup activity in the 2017 Kauffman Index of Startup Activity were Miami,… Read more
UPS Takes All of First Industrial’s Phoenix Facility
Connect Industrial is heading to Chicago, June 28th. Here’s where to get more details and register. UPS leased First Industrial Realty Trust’s… Read more
Colorado’s Tiffany Square Acquired by U-Haul Amerco
Tiffany Square, a 184,219-square-foot office building in Colorado Springs, CO, traded hands. Phoenix-based U-Haul Amerco Real Estate Company acquired the… Read more
$85.3M Phoenix-Area MF Sale Largest of Year
Seattle-based Security Properties acquired Andante, a 576-unit multifamily complex in Ahwatukee, AZ, an affluent suburb south of Phoenix. The apartment… Read more
$100M, 31-Story Tower Planned at Phoenix’s Arizona Center
West Palm Beach, FL-based North American Development Group plans to develop a $100-million, 350-unit residential tower in downtown Phoenix at… Read more
Phoenix Market Solidifies Position as Top Data Center Cluster
Two massive data center development deals moved forward in the Phoenix metro. One involves a $500-million data center expansion project,… Read more
Richard Caterina Joins Heitman’s Debt Group
Chicago-based Heitman LLC appointed Richard Caterina senior vice president in its real estate debt group. Caterina, who is based in… Read more
What Were April’s Largest CMBS Delinquencies?
The Trepp CMBS Delinquency Rate pushed higher in April, as a large number of loans reached balloon dates and failed… Read more
Kidder Mathews Recruits Nine to Valuation Team
Seattle-based Kidder Mathews continued its expansion in California with the addition of nine senior valuation professionals. The new team members… Read more
Kramer-Wilson Expands CRE Portfolio
Encino, CA-based Kramer-Wilson Co. Inc. acquired Chandler Midway Corporate Center, a 111,800-square-foot office project in Chandler, AZ for $23.3 million.… Read more
Tom Donovan Joins Irvine Company Resort’s Pelican Hill
Newport Beach-based Irvine Company Resort Properties appointed Tom Donovan managing director of The Resort at Pelican Hill in Newport Coast, CA. Donovan… Read more
Newmark Quarterly CRE Loan Production Hits $517M
San Francisco-based Newmark closed $517 million of commercial mortgages across 62 unique transactions in Q1 2017. Leading the production volume… Read more
Block 23 MXU Set to Go in Phoenix
Phoenix-based Red Development plans to break ground next week on Block 23, a mixed-use development in downtown Phoenix. The third… Read more
Chase Picks Up Tempe Site for $108M, Plans Campus
April 5, 2017 JP Morgan Chase acquired 67 acres and four buildings totaling 770,000 square feet at Discovery Business Campus in… Read more
Mesa Elliot Technology Park Expands to 270 Acres with Land Buy
Sunbelt Investment Holdings Inc., based in San Diego, CA, acquired 67.5 acres near the corner of Ellsworth and Elliot Roads… Read more
HSL Obtains $22M Refi for Arizona Multifamily
HSL Properties Inc. secured a $21.5 million Fannie Mae loan to refinance the 323-unit Desert Sands Apartments in Casa Grande,… Read more
C&W Phoenix Consolidates Through Relocation
Cushman & Wakefield’s Phoenix operations have moved from two separate offices to 34,000 square feet at Esplanade V, 2555 E.… Read more
Phoenix Selling Biomed Building for $71M
The Phoenix (AZ) city council has voted unanimously to sell a 173,000-square-foot building on the Phoenix Biomedical Campus to Translational… Read more
Western Wealth Strikes Again With 213-Unit Buy
Canadian investor Western Wealth Capital continued widening its Phoenix-area portfolio, with the acquisition of the 213-unit Terrace Park Apartments. The… Read more