Phoenix
Duo Building Dual-Branded Phoenix Hotel
Jackson-Shaw and Holualoa Companies say they are starting work next month on a dual-branded hotel in North Phoenix. The AC… Read more
First ALDI to Open in Tucson
ALDI, the cut-rate German supermarket chain, will open its first store in Tucson. It will be coming to Tucson Marketplace… Read more
Whitestone REIT Picks Another Phoenix-Area Shopping Center
Whitestone REIT acquired Scottsdale Commons in Scottsdale for $22.2 million. The 69,000 square foot center, located at 7119 E. Shea… Read more
Huge Solar Farm Planned for W. Phoenix
Copia Power is constructing a $1.2 billion solar project on 14,000 acres west of Phoenix. Funding was secured with the… Read more
Trophy Office Development: Yes or No?
In the April 10, 2024 Walker Webcast, Walker & Dunlop’s Willy Walker and noted economist Peter Linneman discussed the office… Read more
Peoria Retail Center Flips for $11M
Western Retail Advisors completed the $11.1 million sale of 83 Marketplace. Cavan Companies developed the newly built Class A retail… Read more
Phoenix Suns Move Into New $100M HQ
The Phoenix Suns officially opened the team’s new office headquarters in downtown Phoenix. The offices are located just a few… Read more
Cityview Completes Mixed-Use Residential in LA’s Historic Filipinotown
Locally based Cityview, a multifamily investment management and development firm, has completed Belle on Bev, a 243-unit mixed-use project in Los… Read more
NM Greenlights $98M Mental Health Unit
The New Mexico Behavioral Health Institute (NMBHI) is gearing up to build a new $98 million forensics unit to better… Read more
Trio Delivers 230-Unit Denver Rental Community
A trio of investors has delivered The Dorsey, a 230-unit multifamily project in Denver. Greystar, Ivanhoé Cambridge and the Public… Read more
Dwight Mortgage Trust Finances $59M Bridge Loan for Oregon MF
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided $58.8 million in bridge financing for Solis at Petrosa, a… Read more
Ceres Apartments Trade After 20-Year Hold
Marcus & Millichap finalized the sale of The Vineyard, a 212-unit multifamily property in Ceres, near Modesto. The sale price was… Read more
Thorofare Funds Refi for 55+ Pflugerville Rental Property
Thorofare Capital provided a bridge loan to Wilson Capital to refinance an existing construction loan on The Jovie at Pflugerville.… Read more
W&D Finances Over $135M for Six Rhode Island Properties
Walker & Dunlop, Inc. arranged $135.3 million in HUD loans for six Rhode Island multifamily properties between October 2023 and… Read more
Crescent Heights Eyeing 280-Unit Miami Condo
Crescent Heights is proposing to build a 26-story, 280-unit condo tower in the Miami Arts & Entertainment District. Short-term rentals… Read more
Jay Denton on Phoenix Job Creation, Salary Growth, Multifamily Performance, Absorption Rates, and More
Jay Denton is the Chief Economist at Radix, where he analyzes market conditions, forecasts housing and economic trends, and provides… Read more
Chicago Apartments Part of $10B Blackstone, AIR Communities Deal
Blackstone will acquire Apartment Income REIT Corp., known as AIR Communities, in an all-cash transaction valued at approximately $10 billion,… Read more
Chicago to Fund Four Downtown Office-to-Apartment Conversion Projects
Chicago Mayor Brandon Johnson has announced plans for four adaptive reuse projects along the LaSalle Street Corridor, aimed to repurpose… Read more
Timberlane Closes Fund with $100M in Equity Commitments
Seattle-based Timberlane Partners has closed its multifamily real estate investment fund, Timberlane Acquisition Fund (TAF), with equity commitments surpassing $100… Read more