Phoenix
Phoenix-Area Shopping Center Goes to Tradewinds Capital
Tradewinds Capital LP has acquired Laveen Park Place, a 109,219-square-foot retail shopping center in Laveen, Ariz., for $40.3 million. Kitchell Corp. sold… Read more
Prime Phoenix Office Building Leased Before Completion
It’s a pretty big deal in post-Covid America. The Grove, a 180,000 square foot office building was 100% leased out… Read more
Phoenix BTR Community Fetches Nearly $500K Per Unit
The newly constructed Cyrene at South Mountain was snapped up for $35.4 million. The 72-home single family rental community was… Read more
Aligned Data Centers to Add Two Phoenix Locations
Aligned Data Centers is expanding in the Phoenix market with two new land acquisitions. Totaling over 400 MW of IT load and… Read more
Rise48 Equity Acquires Two Phoenix Properties, Plans Revamp/Rebrand
Rise48 Equity has acquired two Phoenix apartment communities and will immediately start on a comprehensive renovation program. In addition, they will… Read more
WorkSuites Changes Name, Adds McKinney Location
WorkSuites’ newest location in the Craig Ranch area of McKinney, TX recently opened under the company’s new name, Lucid Private… Read more
Phoenix S. Mountain Apartment Asset Trades for $22.3 Million
Elevate at South Mountain, a 128-unit apartment community in Phoenix, Arizona, sold for $22.3 million in a transaction represented by… Read more
Trez Capital Arranges Financing for Phoenix Hotel
Trez Capital closed an $18.75 million construction financing loan for a new 128-room SpringHill Suites by Marriott in Avondale, a… Read more
Nominate an Outstanding Attorney for Connect CRE’s 2022 Lawyers in Real Estate Awards
For the third year in a row, Connect CRE will spotlight attorneys nationwide who have made an impact through both their… Read more
Phoenix 85-unit Build-To-Rent Community Trades for $30.1 Million
Proximity on 16th Apartments in Phoenix sold for $354,118 a unit. Northmarq represented the seller, Scottsdale-based Avenue North. The buyer was… Read more
Phoenix Real Estate Innovator Moves into New Tempe HQ
Real estate leads innovator, BatchService, has bought a 44,000 square foot two-story office building in Tempe for its new headquarters.… Read more
Phoenix Vintage Apartments Secure New Owners
A two story apartment complex was bought by Summit on Thomas LLC. The seller was Rise48 Equity. The sales price… Read more
Phoenix Mayo Clinic-Served Hotel Sells for $50.5 Million
Dreamscape Companies has acquired the Residence Inn Desert View at Mayo Clinic. The extended stay hotel is adjacent to the… Read more
Former Mesa Dairy Farm May Become Phoenix Area’s Largest Industrial Site
Shopoff Realty Investments has acquired the onetime dairy farm, making up 269.9 acres of land located at E. Elliott and S.… Read more
Phoenix Well Positioned for More Industrial Warehouse Growth
25% of industrial warehouses are over 50 years old and don’t have the amenities todays tenants are looking for A… Read more
Food Distribution Center Coming to Tucson Suburb
Shamrock Foods Company, a 100-year-old, family-owned Phoenix-based company, has acquired 81 acres from Crown West Residential Group at The Crossroads… Read more
Shopoff Acquires 270-Acre Industrial Site in AZ
Irvine, CA-based Shopoff Realty Investments has acquired 270 acres of land in the Phoenix submarket of Mesa, AZ. The purchase… Read more
Fourth of Four Phoenix Multifamily Properties Sold by KKR
The $68.5 million sale of Ponderosa Ranch, a 272-unit, multifamily real estate community in Tempe, Arizona was the last remaining property… Read more
Phoenix Camelback Corridor Classic Sells for $61.8 Million
The classic Camelback Center on the Camelback Corridor sold for $61.8 million. The 236,553 square foot, nine-story building received a… Read more