Phoenix
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
Canyon Partners JV to Develop Multifamily Near Future TSMC Plant
Canyon Partners Real Estate LLC, Ascendant Capital Partners and Bond Companies have formed a joint venture to support the development… Read more
Dominium Obtains Debt, Equity for Phoenix-Area BTR Project
Walker & Dunlop (W&D) has arranged $45.7 million in permanent debt and $41.5 million in LIHTC equity for Saddleback Village at Stonegate, a build-for-rent multifamily… Read more
Marcus & Millichap Facilitates Sale of Chipotle-Leased Property in Normal
Marcus & Millichap completed the sale of a two-suite retail strip property leased to Chipotle and Blaze Pizza in Normal,… Read more
Hensley Sells Off Phoenix Infill Parcel
Pritzker Realty (PRG) bought 24 acres of infill land in Phoenix for $16.5 million. Hensley Beverage Group was the seller.… Read more
BKM, Kayne Anderson Recapitalize Light Industrial for $550M
BKM Capital Partners said Thursday it had executed a $550-million recapitalization of a nine-property light industrial portfolio with Kayne Anderson Real… Read more
Hilton-Branded Hotels Set for Gallery Park
A Tempo by Hilton and Homewood Suites is under construction on the corner of Power Road and Loop 202. The… Read more
GCU Obtains $520M Refi
Colliers arranged a $520 million refinancing for Grand Canyon University through the Industrial Development Authority of the County of Maricopa… Read more
SENTRE Acquires 322K-SF Phoenix Warehouse
SENTRE has purchased a 322,070-square-foot industrial asset in Tolleson, Ariz., for $48.8 million. Brennan Investment Group sold the metro Phoenix… Read more
Crowdfund Apartment Investor Picks Up 123-Unit Phoenix Property
Neighborhood Ventures is under contract to acquire the Venture on Colter (formerly known as Thom Slate on Colter), a 123-unit multifamily property located in Central… Read more
Cortland Adds to Atlanta Apartment Portfolio
Cortland bought the former Gardens at East Cobb in Marietta, a 484-unit apartment community previously owned by NALS Apartment Homes.… Read more
U-Haul Buys 25-Story Phoenix Office Tower
Bank of America sold 20 East Thomas Road, an iconic 25-story office tower totaling 548,938 square feet in Phoenix’s Midtown… Read more
Vestar Adding N. Phoenix Retail Center
Vestar is moving forward with plans for a grocery-anchored retail center in north Phoenix called Black Mountain Village. The Phoenix Business… Read more