Phoenix
Phoenix Suns Building $100M HQ/Mercury Facility
The Phoenix Suns and WNBA Phoenix Mercury unveiled plans for a new team member business headquarters and a dedicated practice… Read more
Scheels Opens Arizona Store to Stunning Crowds
If you’re not familiar with Scheels now, you will be. If it’s not the sporting goods, it’s the Ferris wheel,… Read more
The District at Scottsdale Flips for $161.5M
KKR sold The District at Scottsdale, a 332-unit Class A residential building, for $161.5 million. Fairfield Residential was the buyer. The… Read more
Nominate a Standout Attorney for Connect CRE’s 2023 Lawyers in Real Estate Awards
For the fourth year in a row, Connect CRE has opened nominations for our annual Lawyers in Real Estate Awards.… Read more
Tempe Developer Converts Famed Surf Park to Business Park
When Big Surf opened in 1969, it was one of the first surf parks with real waves. A developer has… Read more
Retail Owners, Investors Poised to Gain from High Occupancy and Strong Rent Growth
Due to the high levels of occupancy in the retail sector and its undersupply of new development, current owners and… Read more
Scottsdale Hotel Claims $102M Pricetag
A 177-room Canopy by Hilton Scottsdale Old Town hotel was acquired by Dynamic City Capital for nearly $102 million. Miller… Read more
Empire Affiliate to Build 25-Story Phoenix Mixed-Use Project
Aspirant Development, a sister company of Empire Group of Cos., has been preparing to turn a vacant infill property (see… Read more
Harvard Investments Buys Goodyear’s King Ranch
Harvard Investments already has a significant presence in Goodyear. Harvard owns Estrella, a 20,000-acre mixed-use master-planned community, FirstStreet Ballpark Village… Read more
ViaWest Moving on $96.5M, 2M SF Glendale Industrial Build
ViaWest Group has obtained $96.5 million for the development of The Base, an industrial project totaling nearly 2 million square feet… Read more
Camelback Corridor Office Flips for $72.1M
LPC Desert West (LPC), a division of Lincoln Property Company, has sold the landmark 3131 and 3133 Camelback to an entity… Read more
N. Phoenix Apartment Rental Sells for $80M
A 292-multifamily asset in Phoenix sold for $79.25 million or $271,404 per unit. The property, Cabana Happy Valley, is in North… Read more
Priderock Capital Garners $130M for Phoenix Multifamily Community
Arcadia Cove, a 432-unit multifamily community in Phoenix, was acquired by Blue Rock Capital for a sales price of $… Read more
Kidder Mathews Grows Valuation Advisory Group
Kidder Mathews is growing its valuation advisory group. Justin Alexander, MAI, has joined the firm in Seattle as a senior… Read more
Vestar Wants Shoppers to Stay Cool
In spite of days that often exceed 110 degrees in the summer, Phoenix has a number of outdoor malls. Mall… Read more
Convexity to Add to Phoenix Apartment Boom
Convexity Properties is looking to build a 24-story, 318-unit apartment building at Second and Portland streets. The company filed their… Read more
Historic Phoenix Hotel Set for $80M Revamp
Located at the southwest corner of Central Avenue and Van Buren Street, the Hotel San Carlos was built in 1928… Read more
Meal Delivery Service Provider Opens Massive Goodyear Kitchen
Ready-to-eat meals company, Factor, has opened a new 301,000 square foot fulfillment center in Goodyear. The new facility is Factor’s… Read more
Tempe Adding to Breathtaking Phoenix-Area Apartment Growth
In separate actions, the Tempe City Council approved a resolution for The Marshall at Tempe and an ordinance for Skye… Read more