Phoenix
Home Depot to Sublease 1.3M-SF in Goodyear
Home Depot placed its massive warehouse on the Valley’s sublease market. Near the end of 2021, the company signed a… Read more
Building Construction Active for Close to Half a Century, But What’s Being Built Differs
A report from StorageCafe, “Top Cities for Real Estate Development: Sunbelt Cities Dominate Growth Olympics for Nearly Half a Century,”… Read more
Austin Retail Center Picked Up by Westwood Financial
Westwood Financial purchased Trails at 620 from Partners Capital. Partners originally purchased the Austin site in 2020 as part of… Read more
Apartment Developer Debuts BTR Product in Buckeye
P.B. Bell is expected to complete its first build-to-rent project by early next year. The Marketside Villas at Verrado in… Read more
JLL Obtains Refi for 5 Phoenix-Area Senior Housing Properties
JLL Capital Markets arranged a $96.5 million refinancing for a five-property seniors housing portfolio consisting of 971 units located in Phoenix, Mesa,… Read more
Scottsdale Greenlights ASM for $400M Factory
The City of Scottsdale has agreed to pay back Advanced Semiconductor Materials for the infrastructure requirements for its new north… Read more
5C Data Centers to Enter Phoenix Market
5C Data Centers (“5CDC”), a provider of data center services, plans to launch a new region in Phoenix, Arizona. The first facility… Read more
Metrocenter Mall Demolition Begins
Demolition has begun on what was Phoenix’s top mall, Metrocenter Mall. Concord Wilshire Capital and TLG Investment Partners announced that the Dillard’s… Read more
HonorHealth Taking Over Arizona Steward Health Care Facilities
Earlier this year, Steward Health Care faced some financial hurdles and declared bankruptcy, leading to their facilities being up for… Read more
Vacant Class A Phoenix Office Property Flips to Caliber
ViaWest Group has sold Canyon Corporate Plaza, a 311,706-square-foot Class A office campus on approximately 11.6 acres. The company paid… Read more
6 Phoenix-Area LL Flooring Stores Will Stay Open
The retail store, formerly known as Lumber Liquidators, found a last-second buyer. Just last week, the company, now called LL… Read more
Phoenix Apartments Trade for $187.5M
The brokers in the deal, Institutional Property Advisors (IPA), claim it’s the largest single-asset multifamily sale in Arizona over the… Read more
Super-Sized Pickleball Facility Planned Near Scottsdale
The venue proposed near Scottsdale is slated to have 48 indoor pickleball courts, two padel courts, 12 outdoor courts, and… Read more
Another Semiconductor Chip Company Looking at Phoenix Area
If the benefit from attracting another massive semiconductor manufacturer is anything like what has occurred with the Taiwan Semiconductor Manufacturing… Read more
Target-Anchored, Mixed-Use Center Planned for Mesa
National retail center giant SimonCRE will spearhead the effort to transform 60 acres of land in east Mesa into a… Read more
Mill Creek Adding to Extensive Gilbert Development
Mill Creek Residential is looking to add to the burgeoning 152-acre Gabriela Pointe Commerce Center in Gilbert. The company is… Read more
CBRE Closes Sale of Grocery-Anchored Oceanside Center
CBRE’s National Retail Partners-West team closed the sale of Plaza Rancho Del Oro, a 65,054-square-foot regional center shadow-anchored by Albertsons… Read more
Rail Freight Giant Pushing for NW Phoenix Intermodal Hub
If built, the BNSF Logistics Park Phoenix would represent a $3.2 billion investment in an operations center on 4,300 acres.… Read more