Phoenix
Goldman Sachs is Predicting a Crash in Phoenix…Not so Fast, Says Phoenix RE Exec
Goldman Sachs expects record drops in Phoenix home prices similar to the 2008 crash, 25% or more. In 2008 we saw… Read more
Gilbert Industrial Site Gains 3 Buildings, 300K SF
Graycor Construction has completed three new buildings at the 64-acre Gilbert Spectrum Industrial Park, on behalf of developers GID and… Read more
Arizona-Only Crowdfunding Apartment REIT Goes National
You don’t have to have bags of money to invest in apartment communities. Neighborhood Ventures is launching NV REIT, its… Read more
SkyPlus Secures Financing for Two Phoenix-Area 250K SF Industrial Buildings
CBRE has secured $42.7 million in construction financing for two industrial buildings that will be part of Skybridge Arizona’s master-planned… Read more
Southwest Self-Storage Portfolio Trades for $266M
18 self-storage properties were included in the offering. The porfolio was sold by a joint venture of Phoenix-based Wentworth Property… Read more
West Phoenix Apartment Community Trades for Nearly $50M
ABI arranged the sale of Dimension on 27th Apartment Homes, a 260-unit multifamily apartment community located in Phoenix, Arizona. The… Read more
Phoenix-Based Taylor Street Adds Business Strategy Executive
Louis Dettorre has joined Taylor Street Advisors as SVP, Director of Business Strategy & Operations. Before joining Taylor Street, Louis… Read more
Phoenix’s Iconic Metrocenter Mall Ready for $850M Redo
The developers of the Metrocenter Mall conversion have received their zoning and entitlements from the City of Phoenix, and now… Read more
Phoenix-Area Flex Office Building Fetches $17.2M
Norte at Chandler, an 85,797-square-foot, multi-tenant Class A flex office building in Chandler (Phoenix), Arizona was recently sold to Unite… Read more
New $60M Solar Panel Factory to Open in Phoenix
JA Solar expects to invest $60 million into a new manufacturing facility in Phoenix. The new facility will produce high-performance… Read more
Phoenix Office Survey Still Indicates Headwinds
Net absorption is down, as is office transaction volume. A recent 4Q Avison Young Office Market Report says it’s due… Read more
Tides Equities Picks Up Three Phoenix-Area Apartment Communities
IPA Capital Markets has arranged $60.92 million in acquisition financing for three multifamily assets, one in Phoenix and two in Glendale,… Read more
Discount Tire to Build 300,000 SF Phoenix HQ
Discount Tire plans to develop a new corporate headquarters in Phoenix following the acquisition of 35 acres located near Loop 101 and… Read more
Crowdfunding Venture Sells Phoenix Apartments, Secures 12% for Investors
Crowdfunding company, Neighborhood Ventures, has sold one of its investment properties, Venture on 19th in Phoenix after holding it for… Read more
Banyan Residential Expands its Phoenix-Area SFR Pipeline
Banyan Residential has acquired two Single Family Rental (SFR) communities in the last two months. They paid $19.5 million for… Read more
Northmarq Plays Part in Canny Phoenix Apartment Sale
Five Door Plus was able to assume an existing Freddie Mac Loan with an attractive rate for an apartment that… Read more
Taiwan Semiconductor Arizona Investment Going From $12B to $40B
Taiwan Semiconductor Manufacturing Company’s (TSMC) chip plant in North Phoenix is making an additional $28 billion of investment in Arizona,… Read more
Celebrated Phoenix Office Campus to Receive Makeover
The new owners of the iconic Esplanade office buildings have announced plans to fully renovate and upgrade the renowned and prestigious… Read more
Phoenix BTR Community Fetches $511,000 Per Unit
The recently completed Orchards on 12th was acquired for $19,433,137 ($511,398/per unit) by an entity formed by The Carlyle Group… Read more