Phoenix
2023 Women in Real Estate Awards: Time for Nominations
The deadline is fast approaching to participate in Connect CRE’s seventh annual Women in Real Estate Awards. We’re continuing to call… Read more
Hospital, Multifamily Project Slated for W. Valley
The Surprise City Council approved a zoning change to the Asante Trails development plan that allows for a hospital and… Read more
Fry’s Grocery Store To Anchor Buckeye Retail Center
A Fry’s grocery store will take up 123,000 of the 152,000 square foot shopping center being proposed in Buckeye. The… Read more
Barclay Group Unloads Five Arizona EoS Gyms
A portfolio of seven single-tenant, EoS Fitness properties was acquired by a publicly traded REIT in a $94 mil transaction.… Read more
Three-Way JV Funds Goodyear Industrial Park Refi
Phoenix-based Baker Development Corporation (BDC), and New York’s Foundation Capital Partners (FCP), along with joint venture partner GTIS Partners, have secured a… Read more
BWE Arranges $10M Loan for Lancaster Self-Storage Project
BWE closed a $10,000,000 construction loan for the ground-up development of a new 733-unit self-storage facility in downtown Lancaster. Arash Kouhi,… Read more
Sitings Realty Hires Five New Agents
Retail real estate specialist Sitings Realty has expanded its lineup by hiring five new agents. Sheldon Scott and David Knight… Read more
Diversified to Build Mesa Retail, Hotel Project
Diversified Partners is ahead of the game before it starts. Diversified is developing E&E Gateway, a mixed-use project featuring retail… Read more
Rental Community Going Up in Retail Center Parking Lot
High Street Residential, the residential developer arm of Trammell Crow, is planning to build a $90 million apartment community in… Read more
151K SF Scottsdale Office Sells at a Loss
Phoenix-based Reliance Management purchased the Gainey Center II, a 151,522-square-foot office building for $26.5 million, according to real estate database… Read more
Transwestern Names New Head of Finance for West Region
Transwestern Real Estate Services has hired Mariya Ilyitsky as regional finance manager, based in Los Angeles. She is responsible for financial planning,… Read more
NexMetro Adding to Denver BTR Volume
NexMetro paid just over $5 million for 16 acres just west of Denver, in Golden. The Denver Business Journal reports… Read more
Seller Financing Secures Phoenix Apartment Deal
Scottsdale-based Avenue North LLC just sold its 80-unit south Phoenix build-to-rent community to CVG Properties. The Phoenix Business Journal reports the project,… Read more
Two Phoenix-Area Hotels Change Hands
MCR has acquired two hotels in the Phoenix area: the 169-room Holiday Inn Express & Suites Scottsdale – Old Town… Read more
Data Centers See Sharp Rises in Power Costs, Lease Rates
Connect CRE recently examined the impact that availability of power has had on data center development, which has more than… Read more
Phoenix Shopping Center Sells for $31.3M
Plaza 32, a 173,303-square-foot retail center on the southeast corner of 32nd Street and Bell Road in Phoenix, sold for… Read more
Buckeye Lands Another Million+ SF Business Park
The Rooks Technology Park will sit on 112 acres in Buckeye, a town that has experienced explosive growth of industrial… Read more
StarPoint Building Phoenix Multifamily/Industrial Projects
Beverly Hills, California-based StarPoint Properties bought two Phoenix-area properties during the Covid epidemic and bided its time until market conditions… Read more
Arizona Grand Resort Planning Major Expansion
The classic Arizona Grand Resort & Spa already has 744 guest suites. But the owner wants more. Grossman Company Properties,… Read more