Phoenix
Esplanade Wraps Up $45M Revamp
The Esplanade office complex has completed a major renovation and upgrade of the four-building campus in the Camelback Corridor. The $45 million… Read more
Parts Town Opens 420K-SF Glendale Fulfillment Centers
Stevens-Leinweber Construction (SLC) has completed a Global Fulfillment Center for Illinois-based Parts Town Unlimited. Spanning a full building at the C|303 industrial… Read more
Nestle Debuts $675M Phoenix Beverage Plant
Nestle USA opened its new beverage factory and distribution center in Glendale, Ariz., a 630,000-square-foot facility. The company broke ground on… Read more
CWS Sells 370-Unit N. Phoenix Apartment Complex
IMT Capital acquired Marquis at Desert Ridge, a community situated in the Desert Ridge neighborhood in north Phoenix. Located at… Read more
Phoenix BTR Rents Nearly 50% Higher Than Apartments
In Phoenix, single-family rentals are 46% above the cost for apartments, that’s according to a Zillow survey of major USA metro… Read more
SFR Rent Growth Slows, Metrics Vary by Region
Single-family rental homes once boasted high rent growth due to expanding demand. But things have changed, as national SFR rent… Read more
CapRock Building Phase II of Phoenix’s Largest Industrial Project
CapRock Partners has broken ground on CapRock West 202 Logistics Phase 2, the final phase of a 183-acre, 3.4 million… Read more
Tower Capital Obtains Financing for San Tan Valley BTR Community
Tower Capital arranged $70.2 million in construction financing for the development of a Phoenix-area Build-to-Rent community. Tower Capital’s Kyle McDonough,… Read more
While Slowed, Phoenix Industrial Sector Stays Strong
A recent Kidder Mathews survey reports that Phoenix continues to be a hotspot for industrial development. It has maintained a… Read more
Multifamily Ends 2024 on the Downswing
Yardi Matrix’s December Multifamily Report pointed out a couple of things: Or, as Yardi Matrix’s Manager of Business Intelligence Doug… Read more
Dual-Branded Hotel Set for CityNorth
Groundbreaking for the dual-branded AC Hotel by Marriott and Element by Westin is plannedfor Summer 2025, with an estimated completion… Read more
NexMetro Inks Refi’s on 4 SW BTR Communities
NexMetro has successfully recapitalized a four-property portfolio of Build-to-Rent units in Phoenix and Denver. JLL represented the sponsor, NexMetro Communities,… Read more
Urban Advisors Eyeing N. Phoenix for Next Multifamily Venture
Urban Advisors is going where the action is. AZBEX reports the company is planning a new 400-unit apartment development just seven… Read more
Dominium Unveils 3 New Phoenix-Area Affordable Housing Projects
Dominium recently closed on deals to acquire land for three new housing projects, providing more than 800 units in Surprise… Read more
Nominate the Year’s Top CRE Sales and Leasing Brokers
Amid a year of uncertainty, the industry’s leading investment sales and leasing brokers got deals across the finish line. Do you… Read more
Trammell Crow Unloads 519K-SF Chandler Industrial Park
Trammell Crow Company (TCC) and CBRE IM sold the Akimel Gateway industrial park in Chandler for $83 million. The buyer… Read more
CIP Acquires Mesa Commerce Park for $168.3M
CIP Real Estate purchased Broadway 101 Commerce Park in Mesa for $168.3 million. The 809,230-square-foot industrial asset spans 11 buildings… Read more
