Phoenix
Three Phoenix Warehouses Trade for $116.7M
Link Logistics sold three industrial buildings to INDUS Realty Trust for $116.7 million, much more than Link originally paid for… Read more
Empire Group Starts Work on 287-Unit San Tan BTR Community
Empire Group of Companies has broken ground on Village at Borgata, a 287-unit single-family build-to-rent (BTR) community located at 3959… Read more
Bela Flor Lands $116M Refi for 3-Property BTR Portfolio
CBRE has secured $116 million in pre-stabilized bridge financing for three recently delivered built-to-rent properties in the greater Phoenix metro… Read more
Claire’s Closing 5 Phoenix-Area Stores
Claire’s, a mall boutique chain favored by tweens, teens, and young women, is set to close more than 290 stores nationwide as… Read more
116K-SF Phoenix Office Building Trades for $10M
Forty6Forty5, a 116,858-square-foot office building at 4645 E. Cotton Center Boulevard in Phoenix, has been sold to a private investor… Read more
Vestar Planning Massive “Urban Oasis” in Mesa
Retail developer Vestar revealed plans for Legacy Park, a massive mixed-use project in southeast Mesa. Spanning 200 acres near Mesa… Read more
Mortenson Helming Massive N. Phoenix Mixed-Use Venture
While plans are in the early stages, Mortenson Development wants to get going on a massive mixed-use project in north… Read more
Chip Supplier Commits to New Peoria Factory Site
Amkor Technology was getting heat from residents near its proposed semiconductor chip packaging and testing facility in Peoria, so the… Read more
Phoenix Ranks #2 in Data Center Development Pipeline Survey
According to the new JLL North America Data Center Report—Midyear 2025, Metro Phoenix ranks second in the data center development… Read more
Former Avnet Office Property Acquired by Phoenix Investor
Arizona investor David McHenry acquired the two-story Tempe office property at 8700 S. Price Road in Tempe for $7.26 million. The 132,000-square-foot… Read more
Lowe’s Opens 130K-SF Store in Maricopa
Thompson Thrift, a developer powerhouse in the Phoenix metro area, announced that Lowe’s has opened a 130,000-square-foot store at South… Read more
Racket Sports Court Taking Over Onetime Chandler Movie Theater
Racket sports are heating up in Phoenix. Earlier this week, Connect ran a story about a nearly 200,000 square foot… Read more
Target Sells Off 188K-SF Tempe Offices
Target employees vacated their Tempe offices over five years ago, a common response to issues related to the pandemic. The… Read more
Buckeye State Land Auction Draws Interest from Sunbelt Holdings
Sunbelt Investment Holdings says it will bid on a 272-acre vacant parcel near I-10 and Verrado in Buckeye. The Phoenix… Read more
Four-Suite Retail Strip in Kansas Changes Hands
Marcus & Millichap has completed the sale of 401 E. 4th Ave., a four-suite retail strip and a Dillon’s Fuel… Read more
North Phoenix Shopping Center Trades for $71M
Longpoint Partners paid $71 million for Stetson Village, a 144,192-square-foot Safeway-anchored shopping center at 3780-3890 West Happy Valley Road in… Read more
Southwest Value Partners Spends $296M on 7 Phoenix-Area Office Properties
Southwest Value Partners (SVP) acquired seven top-flight office properties in Phoenix, Scottsdale, Tempe and Chandler. City Office REIT was the… Read more
Mall Owner Unloading Phoenix Properties
Mall owner Macerich has sold numerous Phoenix properties as part of a strategy to unload underperforming assets. The Phoenix Business… Read more
