Phoenix
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
Scottsdale Billionaire Envisions $1B Mixed-Use Project
He’s used to thinking big. George Kurtz, the founder of CrowdStrike, wants to convert a shuttered amusement park into a… Read more
Medical, Housing, Retail Project Gets Green Light in Avondale
You can’t get more “mixed-use” than a hefty commercial development recently okayed in the exploding West Valley town of Avondale.… Read more
Nominations Are Now Open for Connect CRE’s 2023 Women in Real Estate Awards
For the seventh consecutive year, Connect Commercial Real Estate will honor women whose talent, drive, leadership and fresh ideas have… Read more
Workspace Property Trust Modifies, Extends $1.3B CMBS Facility
Suburban office landlord Workspace Property Trust, headquartered in Boca Raton, FL, said Wednesday it had modified and extended its approximately $1.3-billion… Read more
Phoenix Investor Exploring 4M SF Business Park
Shopoff Realty Investments received the okay from the Mesa City Council to move forward on a 270-acre mixed-use development on… Read more
N. Phoenix Rental Community Fetches $46M
Bayside, a 176-unit North Phoenix multifamily property was sold to ICG LLC for $46 million. Berkadia’s Dan Cheyne led the… Read more
Phoenix Okays Construction of Tallest Skyscraper
Phoenix’s tallest tower will rise 541 feet in the air, nearly 60 feet higher than the current tallest building, Chase… Read more
Foresight Adding to Tempe High-Tech Site
Longtime Phoenix high-tech company, Foresight Technologies, is looking to expand its local operations. The Phoenix Business Journal reports the company,… Read more
Austin Office Vacancy Rate on Rise
Nationwide, Austin had the biggest year-over-year spike in office vacancy through April, rising 590 basis points and hitting 22.0 percent.… Read more
TruAmerica Multifamily Refis Five Properties for $300M
TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, added to an already successful year with the $300-million refinance of five… Read more
Prologis Expands in Atlanta as Part of $3.1B Industrial Buy
Prologis is set to acquire nearly 14 million square feet of industrial properties from Blackstone for $3.1 billion, funded by… Read more
Gantry Provides Loan for 124-Unit Scottsdale Multifamily Acquisition
29th Street Capital, with the help of a $17.7 million loan, acquired the 124-unit Solaire at Scottsdale apartment complex. It’s… Read more
Prologis Acquires $3.1B of Blackstone Industrial
Prologis has agreed to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with… Read more
Connor Group Pays $141M for Scottsdale Rental Community
The Connor Group is the new owner of the 330-unit apartment community at 8688 E. Raintree Drive in Scottsdale, acquiring… Read more