Phoenix
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
JV Readies for $75M Phoenix MXU
LaPour Partners, headquartered in Las Vegas, has teamed with Tucson-based Holualoa to develop Camelback Collective, a $75-million, office-hotel project at… Read more
Canadian Buyer Sinks $17M into Tempe’s 164-Unit Amber Gardens
Western Wealth Capital of Vancouver, BC paid $17 million for an apartment building in Tempe, near Arizona State University. The… Read more
Houston REIT Pays $72M for Scottsdale Retail
Whitestone REIT, headquartered in Houston, reportedly paid $72.5 million to acquire two retail plazas in Scottsdale, AZ. The buyer acquired… Read more
North Scottsdale’s Sonora Village Sells for $73M
YAM Properties LLC acquired the 270,000-square-foot Sonora Village shopping center in North Scottsdale, AZ. The local buyer paid $72.5 million… Read more
Cole-Sponsored REIT Acquires 221K-SF Siemens Building
Cole Office & Industrial REIT Inc. (CCIT III) made its first acquisition, nabbing a 221,215-square-foot office building in the Cincinnati… Read more
Transwestern Plans $100M MXU Phoenix Development
Transwestern, headquartered in Houston, has unveiled plans for its City Center on the Park, a mixed-use, two-phase project in Phoenix,… Read more
Blackstone’s $1.5B Logistics Purchase from LBA Realty
New York-based Blackstone Group LP is acquiring $1.5-billion worth of logistics centers from Irvine, CA-based LBA Realty LLC. The 12-million-square-foot… Read more
Finnish Manufacturer to Open $100M AZ Distribution Center
Finnish company Huhtamaki, located in Los Angeles, will buy a 752,000-square-foot plant in Goodyear, AZ that once was Rubbermaid Inc.’s… Read more
230-Unit Assisted Living to Go North at Pima Center
Western States Lodging & Management and the Colmena Group of Salt Lake City will develop Legacy Village at Salt River,… Read more
McKesson Developing $38M Center on Tribal Land
San Francisco-based McKesson is expanding operations in the Phoenix area. Construction is already underway on the health care pharmacology, technology… Read more
Arches at Hidden Creek Sells for $55M
Security Properties made a deal with Hamilton Zanze for the 432-unit Arches at Hidden Creek. The Seattle-headquartered investor paid $55… Read more
Sares Regis Raises $300M, Closes MF Value-Add Fund
Sares-Regis Multifamily Value-Add Fund II raised more than $300 million in total equity commitments, and is now closed. The fund… Read more