Phoenix
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
El Dorado Obtains AZ Acreage for $38M
El Dorado Holdings Inc. paid $38.4 million to acquire 1,101 acres at Bella Vista Farms in Pinal County, Arizona. The… Read more
RoomStore Site in Scottsdale Sells for $8M
The site of a former RoomStore furniture store has traded hands for $8.3 million, or $263 per square foot. The… Read more
Investor Enters Tucson with 1,004-Unit MF Buy
Monarch Investment & Management Group LLC paid $47.5 million to Hamilton Zanze of San Francisco for acquisition of five multifamily… Read more
LGE Seeking Approval for 50K-SF Scottsdale Retail
Phoenix-based LGE Corp. filed for Development Review Board approval to develop Chauncey Lane Marketplace, approximately 50,000 square feet of retail,… Read more
Hines Snags Amazon-Leased Arizona Industrial for $56M
Hines Global REIT II Inc. closed on the acquisition of Goodyear Crossing II, an 820,384-square-foot industrial property in Goodyear, AZ,… Read more
Crescent Scottsdale Quarter MF Acquired for $87M
A pension fund advised by Dallas-based Invesco Realty Advisors acquired Crescent Scottsdale Quarter for $87 million. The transaction represents the… Read more
CA-Based Zenreach Signs Lease at Phoenix’s Biltmore Center
San Francisco-based technology company Zenreach inked a deal with landlord ViaWest Group to take down 30,091 square feet at the… Read more
Passco Snags Chandler, AZ Apartments for $82M
Passco Cos. LLC acquired the 389-unit Almeria at Ocotillo in Chandler, AZ. The Irvine, CA-based buyer paid $81.9 million to… Read more