Phoenix
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
Gilbert BTR Community Trades for $66.1M
Cavan Cos. sold The Bungalows at San Tan Village, a 159-unit build-to-rent (BTR) community in Gilbert for $66.1 million, according… Read more
Hyperscalers, Cloud Service Providers Push Data Center Vacancy to New Lows
Demand from hyperscalers and cloud service providers fueled record leasing volume in the first quarter of 2025 amid widespread adoption… Read more
JLL Brings On Maravilla, Schott to National BTR Team
George Maravilla and Noah Schott have joined JLL’s National Build-to-Rent (BTR) team. Maravilla will be the Managing Director, and Schott… Read more
Phoenix Developer Converting Offices to Industrial Park
Formation Interests is transforming an existing 7-building Phoenix office campus of 338,048 square feet into FORMATION PARK 17, a four-building… Read more
Lincoln, Harvard Investments Deliver Goodyear Warehouse, Retail Project
Lincoln Property Company (Lincoln) and Harvard Investments delivered Goodyear AirPark Phase I, a 1.6 million-square-foot, six-building Class A industrial project. Goodyear AirPark… Read more
JV Teaming Up on Scottsdale Apartments
Legacy Partners (“Legacy”), with joint venture partner DWS, started construction on Olea Scottsdale, a 433-residence apartment community in Scottsdale. The… Read more
Pinal County Motorsports Venue Undergoing $30M Expansion
Apex Motor Club wants to add on to its already robust motorsports facility in Maricopa. The expansion proposal includes amenities… Read more
Eco-Friendly Apartments Open in Phoenix
Habitat Metro has completed ECO Phoenix, a multifamily property located at 301 E. Roosevelt in downtown Phoenix. ECO Phoenix, which… Read more