Phoenix
SMI Property Management Merges with JPM Real Estate Services
Portland-based JPM Real Estate Services has joined Willamette Valley-based SMI Property Management in a friendly merger. The merger means that SMI… Read more
BWE Secures $18.5M in Financing for St. Louis Workforce Housing
BWE, a national commercial and multifamily mortgage banking company, has secured permanent financing for three workforce housing communities in St.… Read more
San Pedro Office-to-Resi Conversion Secures Bridge Loan
BH3 Management and F2 Capital have provided a $17.5-million bridge loan for Forbix and Urban Stearns’ conversion of Topaz Tower, a 12-story, 294,000… Read more
Northmarq Closes $34M Sale of Buena Park Multifamily
Northmarq’s Shane Shafer arranged the $34,375,000 sale of Cypress Village Apartments in Buena Park. Shafer represented the seller, Priya Living, in the sale, which… Read more
BFC Launches Staten Island Affordable Housing Lottery
BFC Partners has announced the housing lottery launch for 475 Bay Street, an affordable housing project on Staten Island. The… Read more
ApartmentBuildings.com Partners with SharpLaunch, Buildout
ApartmentBuildings.com, a multifamily-specific listing site in the U.S., has forged a collaboration with SharpLaunch, a leading commercial real estate marketing… Read more
TerraCap Sells Revamped Phoenix Business Park for $38M
TerraCap sold the Koll Cotton Center, a seven-building, multi-tenant light industrial project totaling 228,605 square feet in Phoenix’s Sky Harbor… Read more
Littleton Adding Costco, Apartments
A development group is looking to build a 159,000-square-foot Costco Wholesale store and a residential project in Littleton, CO. The… Read more
Northwind Provides $111M Mortgage for Houston Condos
Northwind Group provided a $111 million first mortgage condo inventory loan collateralized by The Hawthorne, a high-end 17-story residential condominium tower totaling 67… Read more
KDC Cuts Dunwoody Office Plans, Adds Hotel, Rental Units
Since Covid, mixed-use developers have been forced to reconsider their formula regarding how much office space is needed. The universal… Read more
S. Florida Group Adding Hotel to Condo Project
The developer of an Aventura tower is hoping to change the mix of units to offer for its Miami-area venture.… Read more
Greystone Secures $419M Refi for Miami Tower
Greystone Commercial Capital (GCC) has closed a $419 million transaction to refinance Panorama Tower, located on Brickell Bay Drive in Miami, Florida.… Read more
Metrocenter Mall to Rise from the Rubble
The last remnant of the Metrocenter Mall will be gone this spring. And in its place a totally new concept.… Read more
Newmark Lands National Affordable Housing Team
Newmark Group, Inc. has hired the team formerly with Affordable Housing Advisors (AHA), a leading brokerage team and platform previously… Read more
Q4 Retail Report: Ongoing Consumer Spending Drives Metrics
According to the U.S. Census Bureau, its just-released (preliminary) Advance Monthly Sales for Retail and Food Services totaled $700.3 billion… Read more
Stockdale Buys 3 East Valley Medical Facilities
JLL Capital Markets arranged the $32 million sale to Stockdale Partners and the $25 million financing of an outpatient medical building portfolio… Read more
Buyer Purchases Distressed Scottsdale Resort
Last December, a Maricopa County judge placed Adero Scottsdale under the control of a receiver after its owner, Palisades Resorts,… Read more
Creation Finds Rare Lot for Scottsdale Warehouse
Creation broke ground on Thunderbird Commerce Park, a $60 million industrial center set on a rare 18-acre parcel within Scottsdale… Read more
ViaWest Expands Phoenix Footprint
ViaWest Group acquired a six-building Phoenix industrial portfolio spanning a total of 428,427 square feet. The $71.1 million deal was financed… Read more