Phoenix
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
Phoenix Office Park Marketed to Industrial Users
Initial Development has acquired the Executive Center at Southbank and is marketing the Phoenix business park, which spans more than… Read more
Submit Your Nominations for Connect CRE’s 2024 Top Mortgage Brokers & Lenders
2023 brought an increasingly challenging year for commercial real estate professionals on the lending side, as interest rates continued to… Read more
JLL Industry Leader Bill Honsaker Joins Seattle Team
JLL has added Bill Honsaker, Managing Director, to the firm’s Seattle office in a relocation from Phoenix, where he was… Read more
Arizona Biltmore Trades for $705M
London-based Henderson Park and Pyramid Global Hospitality acquired the 28-acre property from investment management company Blackstone Inc. for $705 million.… Read more
Rockefeller Group Working on Two S. Phoenix BTR Communities
Rockefeller Group has broken ground on two build-to-rent communities in South Phoenix. The group purchased two parcels for $8.7 million,… Read more
X Team Adds Philadelphia Affiliate, Rolls Out Retailer Services Platform
X Team Retail Advisors, a national organization comprised of more than 350 retail real estate affiliate specialists, said Monday it’s expanding its… Read more
Evergreen Devco Spins Off 258-Unit Phoenix-Area Apartments
CBRE facilitated the $62.75 million sale of Parc Tolleson, a 258-unit Class A multifamily community in Tolleson, Ariz. A CBRE team… Read more