Phoenix
Scottsdale Buyer Pays $37M for Hilton Phoenix Airport
Caliber-The Wealth Development Co. and investor-owned 47th Street Phoenix Airport LLC acquired the Hilton Phoenix Airport Hotel for $37.7 million… Read more
Dallas’ Encore Expanding into Phoenix
Encore Enterprises of Dallas entered Phoenix with a 6.5-acre site on the east side. The plan is to build the… Read more
176K-SF Avnet HQ Sells to a Cole REIT
Cole Office & Industrial REIT (CCIT II) Inc. acquired the 176,402-square-foot corporate headquarters of Avnet Inc. at 221 S. 47th… Read more
Casa Grande Site of 500-Acre Auto Manufacturer
Casa Grande, AZ, in Pinal County, will be the new home for Lucid Motors’ electric vehicle manufacturing facility. The site… Read more
Colliers’ Martin Pupil Promoted to President, U.S. Brokerage
Real estate veteran Martin Pupil has been promoted to President, U.S. Brokerage, with Colliers International. Pupil steps into his… Read more
Charter School Portfolio Sells for $72M
ESJ Capital Partners, headquartered in Florida, sold a five-charter-school portfolio to Charter School Capital of Portland, OR. The seller walked… Read more
Western Refining Sold for $6.4B
Western Refining, based in El Paso, is being sold to San Antonio-headquartered Tesoro Corp. in a deal valued at $6.4… Read more
Behind the Glass: The Magic of Steel and Novel Design
By Dennis Kaiser Development of Natura City’s Blue Bay, a luxury condo project in Irvine, CA, is set to begin… Read more
Parallel Buys 78K-SF Kierland Corporate
Parallel Capital Partners Inc. bought the 78,273-square-foot Kierland Corporate Center II in Scottsdale, AZ from Bataa/Kierland LLC. The three-story building,… Read more
Breakthru Beverage Building Sells for $34M
A 452,271-square-foot industrial facility in West Phoenix that houses the Breakthru Beverage Group traded owners for $33.5 million. The sales… Read more
Opus Sells Phoenix Industrial for $33M
Principal Real Estate Investors made a deal with merchant builder Opus Development Co. LLC to acquire a 393,292-square-foot industrial project… Read more
Voit Directs R&D Deal in Chula Vista
Phoenix-based Wentworth Storage Acquisitions, LLC acquired a roughly 90,000 square-foot R&D building in Chula Vista, CA from Los Angeles-based Eastlake,… Read more
Wyndham Place Sells for $11M
Following a 10-year hold, a California investment group sold the 155-unit Wyndham Place apartments in Phoenix. Seller Wyndham Partners LLC… Read more
REPORT: DFW ID’d as “New City of Finance”
The Dallas-Fort Worth area has been identified as one of several “new cities of finance” in a report issued by… Read more
James Stevens Becomes AHIT CEO
American Housing Income Trust Inc. (AHIT), headquartered in Phoenix, hired James Stevens as chief executive officer. Stevens replaces Jeff Howard,… Read more
ASU: Phoenix CRE Slow, Outlook Optimistic
A recent survey of Phoenix-area commercial real estate brokers showed mixed results. On the one hand, those participating said the… Read more
Phoenix Builders Using Refugees, Former Inmates
The Phoenix area, one of the “ground zeros” for the housing crisis, now can’t build enough houses to meet the… Read more
$200M Health Center Planned for Phoenix
Mayo Clinic and Arizona State University teamed up to launch the Alliance for Health Care, a model for health care… Read more
Greystone Provides $43M in Financing for Phx MF
Greystone in New York provided a total of $42.5 million in Fannie Mae Delegated Underwriting and Servicing loans for two… Read more