Phoenix
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
Canadian HVAC Company Moving US HQ to Mesa
Xnrgy Climate Systems is not your standard heating and air conditioning company. Its specialty is heating and cooling high energy-use… Read more
Two New Phoenix-Area Self-Storage Facilities Change Hands
Buchanan Street Partners paid $41 million for the two projects. These are Buchanan’s first storage acquisitions within the greater Phoenix… Read more
Gilbert’s “The Ranch” Gets Final OK
A famous politician once said “Politics is like making sausage, it’s best not to see them being made.” Gilbert Councilmenber… Read more
Phoenix Investor Hoping to Build Office in The Grove
Even with high rates and low occupancy, some think there are still deals to be made in the office sector.… Read more
Midtown Phoenix Potential Spot for 1,500 Rental Units/Retail
Petree Properties is still a few public hearings away from its mission is to build 1,500 apartment units and more… Read more
Google Shows Plans for $1B Mesa Data Center
The city of Mesa approved zoning on the data center campus in 2019. It’s taken this long for the company… Read more