Phoenix
Scottsdale DoubleTree Resort Sells for $115M
The Phoenix Business Journal reports Southwest Value Partners (SVP) sold the property, The DoubleTree Resort by Hilton Paradise Valley, to… Read more
Holualoa Converting Office to 114 Phoenix Apartments
Holualoa Companies will redevelop part of an office site it owns at 21st Street and Highland Avenue to add 144 affordably targeted… Read more
Mesa Site for 90-Unit Modular Apartment Community
The new project will be called ZenCity. Developers will invest about $30 million into the new 90-unit stackable modular apartment… Read more
Whitestone REIT Unloads Two Adjacent Houston Strip Centers
Bridgewell Property Management has acquired two adjacent retail centers totaling more than 93,700 square feet in Houston. JLL represented the seller, Whitestone REIT.… Read more
Two Phoenix-Area Properties Included in $124.5M Portfolio Refi
KeyBank Real Estate Capital secured $124.5 million in life company loans for the Wasatch Group to refinance four properties throughout… Read more
Phoenix’s Central Park Puts New Focus on Residential
The much-discussed “Central Park” project was slated to have 850,000 square feet of office. But now, the developers, the Pivotal… Read more
Chip Maker Delays Opening of $40B Phoenix Plant
Opportunistic Phoenix investors have been moving at lightning speed to construct factories, apartments and retail to take advantage of Taiwan… Read more
Phoenix Industrial Activity Continues “Frontrunner Status”
There are now almost 49 million square feet of new industrial construction underway in metro Phoenix, created in part by… Read more
We’re Looking for More of CRE’s Most Influential Women
Nominations are open for Connect CRE’s 2023 Women in Real Estate Awards, and although response to our seventh annual program has been… Read more
Iconic Arizona Center Sells for $27M
The Arizona Center, Phoenix’s original downtown entertainment destination located at 3rd Street and Van Buren, was recently sold for $27 million. The buyer of the… Read more
Aircraft Parts Giant Ditches LA for New Phoenix HQ
After looking at half a dozen locations, Unical Aviation settled on a 600,000 square foot site near Luke Air Force… Read more
CBRE Arranges Sale/Leaseback for Six Phoenix-Area School Buildings
Arizona has gone in big for charter schools. Two campuses under the EDUPRIZE banner recently freed up cash by selling… Read more
Westcore Acquires 900K SF Glendale Business Park
A Cushman & Wakefield team arranged $73.3 million of debt, enabling Westcore to acquire a newly constructed 906,000 square foot… Read more
“Timeless” Phoenix Apartment Complex Sells for $50M
The Phoenix Manor was built in 1961, and has retained much of the same classic aura from that time period.… Read more
Churchill Arranges Refi Loans for Three Phoenix Buildings
Churchill Commercial Capital, Inc. secured a $23.25 million portfolio loan to refinance maturing life company debt of three Phoenix-area commercial… Read more
Phoenix-Area Rental Property Flips for $140M
The Premiere Residential purchased the recently built property for just under $370,000 a unit, their seventh property in Arizona. The… Read more
HonorHealth Acquires 26 AZ Urgent Care Centers
HonorHealth has signed an agreement to purchase the remaining interest in 26 urgent care centers in Arizona from FastMed. These… Read more
Phoenix Multifamily Property Fetches $268K per Unit
Clarendon Park, a 138-unit multifamily community in Phoenix, sold for $37 mil, or $268k/unit. The buyer was WhiteHaven, a Phoenix-based… Read more
Tower Capital, Empire Combine for Third Phoenix BTR Project
Build-to-Rent (BTR) construction shows no sign of waning in the Phoenix metro area. Tower Capital arranged $88.5 million in construction… Read more