Phoenix
Developer Looking at Roosevelt Row for Apartment Highrise
Roosevelt Row, known in Phoenix as an arts district, may soon be home to a 30-story mixed-use tower. Mainstreet Capital… Read more
It’s Time to Nominate CRE’s Top Leasing and Sales Brokers
The deadline is drawing near for nominations in Connect CRE’s seventh annual Top Broker Awards. Friday, Feb. 9 is the due date for… Read more
$500M Peoria Project Eyes Summer Start
A highly anticipated Peoria mixed-use project is expected to get going this summer. Steinhauer Properties is helming Stadium Point, a… Read more
Phoenix Rental Community Sells for $530K/Unit
A newly constructed 16-unit luxury apartment community in Phoenix was recently sold for over $500,000 a unit. A Las Vegas-based… Read more
Menlo to Convert Office Park to Tech/Data Center
The office site is currently vacant, but soon, it might have the quiet whirring and buzzing of a massive data… Read more
Westin Tempe Goes to Auction
The owner of the Westin Tempe can’t make the loan payments, and unless something changes soon, it faces a foreclosure… Read more
Tempe Prepping for Two Rental Communities
A local planning agency has greenlighted two apartment projects near Arizona State University totaling 512 units. The Phoenix Business Journal… Read more
Atlanta #3 in BTR Home Construction
Metro Atlanta trails only Phoenix and Dallas-Ft. Worth when it comes to build-to-rent homes constructed in 2023. The area saw… Read more
Gantry Secures $38M for Buffalo MF Build
Gantry has arranged $38.15 million in construction financing for The Lawrence Apartments in Buffalo, NY. The Class A project, located… Read more
Lowe’s, Grocery-Anchored Retail Center Slated for Maricopa
Thompson Thrift Real Estate plans to move ahead on a 200,000-square-foot retail center in Maricopa. The company purchased a 20-acre parcel… Read more
NY Developer to Bid on Massive AZ Land Offering
At the behest of New York-based Mack Real Estate Group (MREG), the Arizona State Land Department has agreed to auction… Read more
Marcus & Millichap Brokers Sale of IHOP in Springfield
Marcus & Millichap closed the sale of an IHOP, a 4,480-square-foot net-leased property located in Springfield, Illinois. The asset sold… Read more
We’re Looking for More of CRE’s Top Leasing and Sales Brokers
Early response has been positive for Connect CRE’s seventh annual call for Top Broker Award nominations. However, we’re looking for as wide a cross-section… Read more
Mall Owner Eyes 10-Story Camelback Office Tower
Mall owner Macerich is considering building a 140-tall office tower at one of its mall locations. The company is looking… Read more
Phoenix Retail Sector Sets Blistering Pace
Phoenix saw a strong finish to the year with 2.3 million square feet of retail space under construction in Q4… Read more
Banner Health Spins off Glendale Medical Building
With the benefit of a $10.1 million acquisition loan, UDLR Health acquired the Thunderbird Medical Pavilion in Glendale from Banner… Read more
Underwriting Metrics Improve for Prime Multifamily
Prime multifamily metrics continued increasing in the fourth quarter of 2023, CBRE said Friday. Unlevered IRR targets, going-in cap rates… Read more
Blackstone Taking Tricon Residential Private
Blackstone and Toronto-based Tricon Residential Inc. said Friday they had entered an agreement under which Blackstone Real Estate Partners X… Read more
Phoenix Industrial Sector Leads Nation
Phoenix continues to lead the nation in industrial deliveries through Q4 2023. In Q4, the Valley delivered over 8.8 million… Read more