Phoenix
Glendale’s New $1 Billion Beach Resort Taking Shape
The anticipated opening date for the $1 billion resort VAI Resort in Glendale’s sports and entertainment district has been pushed… Read more
Berkadia Webinar: Jeff Coles and Mark Forrester of Berkadia Sit Down with John Burns, Who Remains “Crazy Bullish” on SFR/BFR
“I’m still crazy bullish on this industry.” That’s John Burns, CEO of John Burns Real Estate Consulting, on Berkadia’s April… Read more
Party-Themed Hotel to Open in Phoenix
A new Downtown Phoenix hotel stresses having fun the second you walk in the door. The bartender will serve you… Read more
Phoenix-Area Surf Park Pares Back Plans
PHX Surf has submitted updated plans to the City of Maricopa’s Development Services Department. Among changes featured are a size… Read more
Phoenix’s Turf Paradise Changes Hands, to Get New Look
Phoenix’s horse track, Turf Paradise, is in the process of being sold to a California real estate developer. Turf Paradise… Read more
Dermody Properties Pick Outlier El Mirage for 1.5M SF Industrial Park
Dermody Properties picked up 961 acres in El Mirage, a small dusty suburb Northwest of Phoenix in 2021. To be… Read more
SFR Rent Growth’s Ongoing Decline
Rent growth for single-family rentals in the U.S. continued slowing in February 2023, dropping to 5% according to CoreLogic’s Single-Family… Read more
JV Looking to Build 1,000 Arizona Rental Units
Valtus Capital Group and BRUIN Capital Partners have formed a team to focus on working with apartment and home builders… Read more
The Multifamily Development Outlook: Q&A with LaTerra’s Chris Tourtellotte
At Connect Los Angeles 2023, scheduled for May 3 at the Hotel Indigo DTLA, you’ll hear from a cross-section of… Read more
1,400 Apartment Units Moving Through Tempe Approval Process
The Tempe City Council will vote on three projects this week that would bring over 1,400 apartment units online if,… Read more
Echo, Grandview Partners Building 676K SF Glendale Industrial Project
The Northern Parkway Logistics Center will be situated in Glendale along the Loop 303, about 30 miles from downtown Phoenix.… Read more
Legendary Wigwam Resort Undergoing $20M Renovation
It’s been around as a resort since 1929; a project fronted by the Goodyear Tire Company, who has had a… Read more
Rockefeller Group Acquires Land for N. Phoenix Distribution Center
The $40 billion Taiwan Semiconductor Manufacturing (TSMC) plant in North Phoenix is turning into an economic development driver. Rockefeller Group… Read more
Kansas Hobby Lobby Trades Despite Deal Complexities
Marcus & Millichap arranged the sale of Hobby Lobby & Bomgaars, an 87,119-square-foot net-leased property located in Hutchinson, KS. The retail asset sold for $6,547,231. Mark… Read more
Coming to an End: The Zoom Town Housing Boom
When the COVID-19 pandemic caused the world to shut down in March 2020, much of the population escaped densely-packed urban… Read more
RED/Globe to JV on 150-Acre Goodyear Mixed-Use Project
RED is no stranger to major downtown development and revitalization projects: CityScape in Phoenix, PV in Paradise Valley, and Prasada… Read more
Ryan Cos. Building 1.9M SF Build-to-Suit Business Park in Pinal County
Pinal County is half way between Phoenix and Tucson and just off the junction of two major interstates and a… Read more
Bela Flor Secures $24M For Mesa Rental Recap
Bela Flor Communities has secured $24 million in preferred equity for the recapitalization of Bella Victoria, a 236-unit luxury community in… Read more
Central Phoenix BTR Community Sells for $491,000/ Unit
BSK 340 paid $10,325,000 for the 21-unit luxury build-to-rent community located in Downtown Phoenix. The seller was Metro 21 on… Read more