Phoenix
Work Underway on 60-Unit Phoenix Senior Housing Project
Pennrose Properties has broken ground on Garfield Housing Phase II, a 60-unit affordable housing project for seniors in Phoenix. The development… Read more
JV Secures $12M Construction Loan for Phoenix Industrial Project
It’s nice when a building is still a year from completion and is already leased out. A build-to-suit project headed… Read more
Apartment/Hotel Units Slated for Downtown Phoenix
Two eight-story buildings, one a multifamily community and one a hotel, will soon be going up on South 13th Street… Read more
Newly Built Tempe Apartments Fetch $100M
Phoenix-based Evergreen Devco Inc. sold a recently built Tempe project to MG Properties for $100.25 million dollars. That comes out… Read more
Ashley Building $100M Phoenix-Area Hub, Hiring 200
Ashley Furniture plans to develop a new 1.05 million-square-foot industrial facility on 75 acres in the West Valley city of… Read more
Park Central’s Redo Underway
Park Central’s comeback from near oblivion has taken some major steps recently. Plaza Companies and Tucson’s Holualoa Companies have teamed… Read more
Scottsdale Office Property Unloaded at Loss
New York Life Real Estate Investors bought the 138,000-square-foot Scottsdale Northsight for $39 million in 2006. Commercial Edge reports they… Read more
Phoenix Office Complex Adding Apartment Units
Covid forced several real estate investors to get creative. One byproduct is the trend of mixing multifamily housing with office… Read more
Stonelake Industrial Fund Raises Nearly $750M
Stonelake recently completed raising $746 million for a fund strictly for industrial warehouse construction. Called Stonelake VII, Stonelake has already… Read more
Toll Brothers Helming 456-Unit N. Phoenix Apartment Development
Toll Brothers Apartment Living is teaming up with Willton Investment Management on the development of Lumara, a 456-unit luxury community in Phoenix.… Read more
Crowdstrike’s Founder Hoping Scottsdale OK’s “The Parque”
The Scottsdale City Planning Commission gave the plan its unanimous support, and now the City Council is considering approving a… Read more
AutoZone, Dollar Tree Anchored Center Sells for $10M
Westview Center, a 114,735-square-foot retail property located in Streamwood, Illinois, recently sold for 96 percent of the list price at… Read more
Vacant Westside Sears Building To Become Entertainment Venue
Another Phoenix mall will transform into something much different. Over half of the town’s regional malls have been repurposed in… Read more
McKesson to Open 300K SF Phoenix Warehouse
A Prologis-constructed industrial building will likely house a leading healthcare company. McKesson is expected to move into a 300,000-square-foot warehouse… Read more
Phoenix-Area LA Fitness Building Fetches $9.5M
Matthews Real Estate Investment Services sold the LA Fitness located at 4836 E Chandler Blvd, Phoenix, for $9.5 million. Senior… Read more
Arizona Group Advancing Movie Studio Build
It’s not just Hollywood making movies these days. Maricopa County is the latest metro area to give its blessing to… Read more
$1 Billion Hydrogen Plant Slated for W. Phoenix
U.K. gas giant Linde and clean energy firm NextEra Energy Resources are partnering to develop a $1 billion hydrogen facility… Read more
Creation, Clarion Building $250M Phoenix Business Park
Creation and Clarion Partners have acquired nearly 100 acres in Phoenix for the development of a $250 million industrial and… Read more
Richardson’s CityLine Sold by Mirae Asset Global
Mirae Asset Global has spun off CityLine, a 2.2 million square foot mixed-use property in Richardson, Texas. The project is… Read more