Phoenix
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
Avanti Acquires Phoenix Apartments for $65M
Avanti Residential has partnered with FCP in the acquisition of Omnia on Thomas, a 382-unit apartment community in Phoenix, for $65… Read more
North Phoenix Flex Office Sells for $11.2 Million
Black Canyon Commerce Center, a 62,000 sf, multi-tenant flex office building in Phoenix, was acquired by Washington-based Evergreen Associates for… Read more
Shuttered Phoenix Mall Will Repurpose/Reopen
Metrocenter Mall originally opened in the 1970s and was often referred to as the “crown jewel” of the Valley of… Read more
IndiCap JV Start Work on First of 10 Phoenix-Area Business Parks
IndiCap and AECOM-Canyon Partners have started work on the Eastmark Center of Industry, a 113-acre industrial park located near Gateway… Read more
1980’s-Era Phoenix Rental Property Trades for $91M
Institutional Property Advisors (IPA) arranged the sale of Trailside at Hermosa Pointe, a 336-unit multifamily asset in Phoenix. The property traded… Read more
West Phoenix Mixed-Use Project Starts Construction
Construction begins this month on Overland Group’s Avondale Commons, a 22.6- acre mixed-use development on the northwest corner of Avondale Boulevard… Read more
New BTR Community Coming to Phoenix Suburb
Family Development and Mosaic are working together on Town Germann, a gated, build-to-rent community located in Gilbert, Arizona. The 14.5-acre… Read more
STACK Adding Phoenix Data Center
STACK, a developer and operator of data centers, will develop a five-building, 230MW campus in the heart of central Phoenix.… Read more
Mill Creek Takes Modera Multifamily Brand to Phoenix
Mill Creek Residential has broken ground on Modera Kierland, a mixed-use apartment community in the Kierland neighborhood. The apartment units… Read more
Six Fast-Growing Cities with Fast-Growing Retail
More than two years after the first COVID-induced lockdowns, occupancy of new retail assets is now at an all-time high,… Read more
ViaWest to Revamp Phoenix Corporate HQ into Business Park
ViaWest Group has started knocking down walls at its latest development, Sight Logistics Park, along the I-10 corridor in Tempe.… Read more
Phoenix-Area Development Moving to Phase II
Scottsdale-based SimonCRE is planning a major expansion of its Prasada development with approximately 350,000 square feet of additional retail and… Read more
Empire Group Building 287-Unit BTR Community in Phoenix Suburb
Scottsdale-based developer, Empire Group recently closed on a 27-acre parcel in San Tan, twenty minutes SE of Phoenix, for approximately… Read more
Banyan/Milhaus Buy Phoenix Multifamily Project Site
Banyan Residential, along with national developer Milhaus, have acquired a 15.5-acre site in Phoenix. The team will develop a two-phased… Read more
Four Seasons Scottsdale Picked By Braemar Hotels for Record $267 Million
Braemar Hotels & Resorts has acquired the 210-room Four Seasons Resort Scottsdale at Troon North (Property) for $267.8 million ($1.28 million per key).… Read more
Westcore Lands Million SF Phoenix Industrial Campus
Westcore has acquired Central Logistics, a four-building, a one million square foot industrial campus in the Central Phoenix area in… Read more
Two Texas Metros Lead the Nation in Apartment Sales
MSCI, a provider of real estate investment tools, has made public a survey on the leading towns when it comes… Read more
Howard Hughes Going Large in West Phoenix
The area west of Phoenix is exploding. Towns like Buckeye and Goodyear have seen double-digit year-to-year growth. The Phoenix area leads… Read more