Phoenix
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
Chandler Outpatient Center Sells for $30M
A Chandler outpatient medical building totaling 65,931 square feet was sold for $30 million. Montecito Medical Real Estate purchased the… Read more
Tower 16 Acquires 1st Arizona BTR Community
Tower 16 has purchased nine multifamily communities in the Phoenix market and 12 in Arizona. Their latest acquisition was the… Read more
Adero Resort Lands New Owner
The Adero Scottsdale Resort has a new owner. The 177-room property in Scottsdale, which was known as the CopperWynd Resort… Read more
Office-to-Industrial Project Okayed Near Metrocenter
Formation Interests is planning to turn an old Phoenix office complex into a transit-oriented business park just across from the $850… Read more
Discount Tire Buys 275K-SF Desert Ridge Office Building
Scottsdale-based Discount Tire Co. has purchased the 275,208-square-foot Desert Ridge Corporate Center in Phoenix for $35 million. Regent Properties was… Read more
100K-SF Phoenix Office Building Trades for $18M
The four-story 501 Gateway office building at 501 N. 44th St. was sold for $18 million by Irgens, a Milwaukee… Read more
U.S. Apartment Rent Growth Eases to 1% in Q4 2024
National year-over-year asking rent growth eased to 1.0% in December 2024 compared to 1.1% at the end of September 2024,… Read more
George Oliver, Ascentris Pay $42.2M for Scottsdale Office Building
George Oliver and Ascentris acquired a 165,000-square-foot office building at 7272 E. Indian School Rd. in Old Town Scottsdale for $42.2 million.… Read more