Phoenix
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
Legacy Partners’ Guy Hays and Multifamily Trends
Though the multifamily sector has softened in 2016, it still represents a strong investment for many buyers and owners. Connect… Read more
Mesa, AZ Back-Office Asset Flips Twice For $32M
Centrica, a redeveloped, 117,000-square-foot back office in Mesa, AZ, changed hands from a Phoenix developer, to a New York City… Read more
New Mexico Pizza Concept Comes to Phoenix
WisePies Pizza & Salad, a build-your-own pizza concept, has opened its first out-of-state location in the Phoenix area, taking down… Read more
LaSalle Pays Record-Breaking $47M for Scottsdale Retail
LaSalle Investment Management, headquartered in Chicago, paid $47 million to RHVT LP for ownership rights of Silverstone Marketplace in Scottsdale, AZ.… Read more
Inland Ports Growing in Strength, According to CBRE
Inland ports have become important in supply chains, noted CBRE’s “Inland Ports Logistics 2016 North America Annual Report.” As online… Read more
TX Company To Build Tiny Hospitals in Indiana
Embree Group, based in Georgetown, TX near Austin, has filed applications to build micro hospitals in Plainfield, Noblesville and Indianapolis,… Read more
$75M Phoenix Warehouse Sale Highest Since 2012
Koll Co., based in Newport Beach, CA, has paid out $74.7 million to acquire a 1-million-square-foot distribution center in Phoenix.… Read more
SK Food Group Plans Move to Tolleson, AZ
SK Food Group Inc., which is headquartered in Seattle, has announced it will expand operations in Tolleson, AZ, a suburb… Read more
CA-Based CT Realty Makes 417K-SF Buy in Phoenix Area
CT Realty of Newport Beach, CA has entered the Phoenix commercial real estate market with a $27.3 million acquisition of… Read more
Hyatt Pays $88M for Phoenix’s Royal Palms Resort & Spa
Hyatt Hotels Corp. struck a deal with Lowe Enterprises for the 119-key Royal Palms Resort & Spa in Phoenix. The… Read more
Jonathan Rosenberg Promoted to TCN’s West VP
Jonathan Rosenberg, managing partner and designated broker for LevRose Commercial Real Estate/TCN Worldwide has been promoted to regional vice president… Read more
Vestar Awarded Mira Mesa Marketplace Assignment
San Francisco-based Stockbridge Capital Group retained Phoenix-based Vestar for a management assignment of Mira Mesa Marketplace, a 487,807-square-foot regional shopping… Read more