Phoenix
City Office REIT Agrees to US$1.1B Sale to MCME Carell
City Office REIT has entered into a definitive merger agreement with MCME Carell to be acquired in a transaction valued… Read more
Three-Asset Phoenix Apartment Sale Closes for $244.8M
Sunroad Enterprises sold a three-multifamily community portfolio to Fairfield Residential for $244.8 million. The 907-unit, three-complex sale is worth nearly… Read more
George Oliver Branching Out to Luxury Vehicle Storage
He’s made a living making-over dated office complexes in the Phoenix area. And now George Oliver is adding luxury vehicle… Read more
Queen Creek Retail Center Snags Target, to Open This Fall
Queen Creek’s Vineyard Towne Center at 37666 North Gantzel Road is now 100% leased and will include a new Target store slated… Read more
Neighborhood Ventures Fund Picks Up Distressed Phoenix Rental Property
Neighborhood Ventures (NV), an online real estate investment company that enables both accredited and non-accredited investors to invest in multifamily… Read more
Empire Closes Refis on 3 Phoenix-Area BTR Communities
Empire Group of Companies recapitalized three of its single-family build-to-rent communities across the Phoenix metropolitan area. The number of units… Read more
Phoenix Infill Industrial Property Trades for $46.7M
MIG Real Estate paid $46.7 million for the Seventy5 Business Park, a four-building industrial infill park totaling 222,394 square feet… Read more
Phoenix Office Trends Appear Favorable
The months Kidder Mathews Phoenix Office CRE Market highlights include: · YTD Direct Net Absorption totals 390,000 square feet. ·… Read more
Biltmore-Area Apartments Sell for Over $250K/Unit
Institutional Property Advisors (IPA) announced the sale of Level at Sixteenth, a 240-unit midrise multifamily asset in the Biltmore neighborhood… Read more
Cohen Sells 250K-SF Phoenix Warehouse
Cohen Asset Management sold Riverside 43, a Phoenix industrial building totaling 250,043 square feet, which debuted in 2017. Karney Properties,… Read more
Developer Duo Breaks Ground on N. Phoenix Dual-Branded Hotel
LaPour Partners and Holualoa Companies have broken ground on AC/Element City North, a new dual-branded hotel located in CityNorth, a… Read more
Developer Planning Casa Grande Mixed-Use Project
The developer has not received full approval from the town, but Mary-T Inc. is planning a mixed-use development at the… Read more
Camelback Collective Trades for $48.25M
Koelbel & Co. and GJ Partners acquired the 115,000 square foot Camelback Collective office building for $48.25 million. Humphreys Capital was the… Read more
Way Capital Names McDonough to Run BTR Unit
Way Capital named Kyle McDonough Executive Director. He’ll be based in Phoenix and focus on arranging financing for Build-to-Rent (BTR)… Read more
Goodyear Data Center Owner Inks $735M Refi
Wells Fargo, Citibank and Goldman Sachs originated a $723 million fixed-rate note to refinance a three-data-center portfolio in Goodyear. Vantage… Read more
Kurtz to Redevelop Old Town Scottsdale Property
FalconEye Ventures, founded by billionaire George Kurtz, wants to redevelop a five-acre parcel in Old Town Scottsdale to turn it… Read more