Phoenix
Arizona, Nevada, California Reach Water Supply Agreement
Every Phoenix-area apartment investor and homebuilder has to make a case that their residents will have an adequate water supply.… Read more
Fully Leased Cookeville Warehouse Sells for $140M
Tratt Properties paid $140 million for a 1.6 million square foot industrial distributuion facility located at 4500 Academy Road in… Read more
Empire Group Starts Work on $170M Phoenix Apartment Tower
Empire Group of Cos. has closed on a $131.2 million financing package and broken ground on The Whitney. The Phoenix… Read more
CenterSquare Acquires Four Retail Centers Across the Country
Conshohocken, Pennsylvania-based CenterSquare has acquired four retail properties, adding to the firm’s essential service retail portfolio. The latest additions bring… Read more
$3B Data Center Venture Slated for Avondale
Prime Data Centers has broken ground on three data centers in the first phase of its $3 billion, 1.3 million-square-foot,… Read more
Consumer Cellular Leasing 123K-SF Phoenix Office Building
Consumer Cellular’s Phoenix contingent will be moving into the 123,340-square-foot 8501 Raintree office building in north Scottsdale. The company will… Read more
CenterSquare Picks Up Three SW Retail Centers
CenterSquare has added to its Essential Service Retail (ESR) Portfolio. The retail investor picked up three retail centers in the… Read more
LXP Acquires 628K-SF Phoenix Office Campus
Epic Apollo recently sold a Phoenix office campus for $103 million to LXP Industrial Trust. Epic Apollo paid $183 million… Read more
Rosendin Converting Chandler MOB to Regional HQ
Rosendin Electric purchased a two-story, 100,622-square-foot medical office building on the Allred Park Place office campus and will convert it… Read more
Belkorp Spends $44.1M on Phoenix Warehouse
Belkorp recently paid $44.1 million for a 174,000-square-foot manufacturing facility within the Sky Harbor Airport submarket. The building located at… Read more
Common Bond Reveals Retail, Hospitality Plans for Halo Vista
Common Bond Development Group announced The Shops at Halo Vista, a new 11-acre mixed-use retail and hospitality destination planned at the… Read more
Phoenix Office Market Shows Strength
The Greater Phoenix office market continues to see strong leasing and a decline in total inventory as obsolete buildings are… Read more
Dollar Tree Opens 1.2M-SF W. Phoenix Distribution Center
Dollar Tree’s 1.2-million-square-foot facility will soon start shipping merchandise to about 700 Dollar Tree stores in Arizona, Colorado, Nevada, New… Read more
Three Trends Shaping the Multifamily Outlook
Given all of the reports and write-ups about the multifamily sector over the past five years, we know where we… Read more
Simon CRE Moving Ahead on Surprise Mixed-Use Venture
SimonCRE paid $3.8 million for a 10-acre site in Surprise where it’s developing a retail center anchored by a Whole… Read more
Webinar: Distress Cycle Evolves as $520B of Maturities Looms
With roughly $52 billion of maturing commercial real estate debt considered at-risk out of the $520 billion coming due in 2026, industry leaders on the front lines… Read more
Nuveen Affiliate to Convert Tempe Office Space to Industrial
Converting sprawling office complexes into industrial parks is all the rage in the Phoenix metro area. Lincoln Property and Panattoni… Read more
Empire Group Brings On SimonCRE to Oversee Carefree Retail Center Venture
Empire Group of Companies has replaced Diversified Partners with SimonCRE to complete the buildout of a proposed 120,000-square-foot retail center… Read more
Vestar Offloads Queen Creek Retail Center, To Manage Property
Vestar sold the recently-completed Vineyard Towne Center in Queen Creek but will continue to manage the property on behalf of… Read more