Phoenix
Phoenix-Area Town Funding Battery Makers Infrastructure Needs
LG Energy Solution has agreed to build two battery factories in the Town of Queen Creek at a cost of… Read more
CMBS Distress Rate Rises for Top 20 SMSAs
The distress rate for CMBS loans across the 20 largest markets in August was 7.2%, slightly above the national CMBS… Read more
Vantage Data Centers Buys Vacant Land in San Antonio
The region is a data center hotbed. San Antonio’s West Side is home to at least 30 campuses. Denver-based Vantage… Read more
Phoenix Okays 1,890 Apartment Units/More on Way
The Phoenix City Council had a busy day earlier this week, approving three separate apartment developments, consisting of 1,890 units.… Read more
Suncrest to Debut First Phoenix BTR Community
Suncrest has built 24 master-planned communities, but to date, none have been build-to-rent (BTR) projects. Phoenix is considered ground zero… Read more
N. Phoenix Datacenter Site Picked by Novva
The company is not 100% sure the site will be used for a datacenter, but the head of Novva Data… Read more
EdgeConneX Building Second Phoenix-Area Datacenter
EdgeConneX already has a location in Tempe and is now looking at Mesa for its next large datacenter. The building… Read more
Phoenix BTR Community Sells for $87.85M
Berkadia represented the seller, Harvard Investments, in the sale of FirstStreet at Happy Valley, a 212-unit, cottage-style, built-for-rent property in… Read more
Clayco Takes Over Building 95% Completed Phoenix Highrise
Clayco to the rescue! For reasons that are still not known, Tucson-based BFL Construction walked away from the 17-story Aspire… Read more
Toll Brothers Forwarding Massive Phoenix Rental Community
Toll Brothers Apartment Living has proposed what would be one of the largest multifamily developments by unit count in the Greater… Read more
Scottsdale Hotel to Receive Serious Upgrade
The hotel space made up of two buildings at 7300 N. Pima is used by Scottsdale to house the homeless.… Read more
Toll Brothers Helming Downtown Phoenix Apartment Build
Toll Brothers Apartment Living has landed construction financing for a 313-unit rental project in Phoenix. Multihousing News reports the developer and… Read more
Banyan, Milhaus Team Up on $117M Phoenix Apartment Community
Banyan Residential, in partnership with national developer Milhaus, has started work on the first phase of a new 515-unit luxury apartment… Read more
EY: Five Takeaways from a Recent Look at Office Trades
By Brett Johnson, Mark Grinis and Katie Miller Pre-pandemic, the office sector was a long-established, relatively stable, and generally promoted… Read more
The Pandemic Talent Drain: How Real Was It?
At the height of the pandemic, it was an article of faith that outmigration resulted in a talent drain from… Read more
Multiple Partners Team Up on Mesa Mixed-Use Center
The activity will be centered at the corner of Signal Butte Road and Southern Avenue in East Mesa. The group… Read more
Walker & Dunlop’s Apprise Expands Western Valuation Team
Apprise by Walker & Dunlop has grown its Western U.S. valuation and advisory team. John Park joined as managing director in… Read more
Thompson Thrift Building Retail/Multifamily Near N. Phoenix Chip Plant
Thompson Thrift has started work on infrastructure improvements and approximately 35,000 square feet of freestanding and multi-tenanted retail space near… Read more
NexMetro/Mosaic Team Up on 197-Unit BTR Community
NexMetro is helming its 24th metro Phoenix build-to-rent project. Mosaic is the general contractor on Avilla Palomino, 197 cottage-style apartments… Read more