Phoenix
Tower Arranges Refi for Phoenix Apartment Owner
Tower Capital arranged $23 million in permanent financing for the refinance of North Mountain Foothills, a 194-unit multifamily community in… Read more
George Oliver Buys Scottsdale Office Building
Phoenix-based developer George Oliver and joint venture partner Ascentris announced the $26.05 million acquisition of a 162,227-square-foot office building in the heart of Old… Read more
Creation Adding $120M Queen Creek Venture
Queen Creek has been chosen as the site for Creation’s next big…creation. The company announced plans for The Switchyard, a… Read more
SVN Experts See Southwest Investors Shifting Their Focus
SVN has just issued a first-quarter market report covering a broad swath of the U.S., namely the Southwest, spanning from… Read more
$125M Buckeye Retail Center Lands Final Approvals
Vestar received a final okay to move ahead with the $125 million Verrado Marketplace in Buckeye. The largest shopping center… Read more
CBRE Obtains $44M Refi for Queen Creek Business Park
CBRE has secured $44 million in refinancing for Queen Creek Commerce Center, a two-building complex at 555 East Queen Creek… Read more
DPC Sells Phoenix Tower at a Loss
DPC has sold the 350,000-square-foot 3200 Central, a 25-story highrise in the heart of Midtown Phoenix, for $24.5 million. Commercial… Read more
Downtown Phoenix Hotel Trades for $43.3M
Chatham Lodging Trust acquired the 148-room Home2 Suites by Hilton in Downtown Phoenix for $43.3 million. Anish Hotels Group was… Read more
The Ongoing Evolution of American Cities
Consider Manhattan. Once a quaint Dutch village, the city today boasts mile after mile of high-rise buildings, crowded streets and… Read more
Land Auction Paves Way for $7B North Phoenix Mixed-Use Project
Biscuit Flats Dev LLC, an affiliate of Mack Real Estate Group (MREG), prevailed at an auction to sell the development… Read more
Phoenix Okays Expansive Gila Foothills Plan
The Phoenix City Council has approved a zoning proposal allowing a nearly 300-acre master-planned development southwest of Phoenix, called Gila… Read more
It’s Time to Submit Nominations for 2024 Top Mortgage Brokers & Lenders
Connect Commercial Real Estate’s fourth annual Top Mortgage Brokers & Lenders awards program has seen a strong industry response to… Read more
Macerich Charts New Direction with “Path-Forward” Plan
Macerich published its detailed Path-Forward plan to simplify the business, improve operational performance and reduce leverage under the leadership of… Read more
Creation Helming $250M Phoenix Industrial/Retail Project
Creation and Clarion Partners have started work on Park Algodon, a $250 million industrial and mixed-use project in Phoenix. Located… Read more
We’re Looking for More of the Top CRE Mortgage Brokers & Lenders
Early response to Connect Commercial Real Estate’s fourth annual Top Mortgage Brokers & Lenders Awards has been positive. Yet we’re… Read more
Site Centers Divests Interests in Six Retail Centers for $495M
SITE Centers Corp. will sell its interests in six open-air shopping centers, including three in Ohio, to an affiliate of… Read more
QTS Building 3rd Phoenix-Area Data Center
QTS Realty Trust is adding a 3 million square foot campus to its Phoenix-area presence. Called QTS PHX 3, it… Read more
Pima Federal Buys Phoenix Bank
Pima Federal Credit Union (PFCU) and Republic Bank of Arizona (RBAZ), an Arizona state bank, have entered into a definitive… Read more
AZ State Land Auction Drawing Heavy Hitters
Since Taiwan Semiconductor announced it was building a fab in north Phoenix, land speculation has heated up. AZBEX reports an… Read more