Phoenix
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
Diversified Helming Mesa Mixed-Use Project
Diversified Partners broke ground on a new mixed-use development on the corner of Elliot and Ellsworth roads. A 107-key Cambria… Read more
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