Phoenix
Former Tucson Sears Store Sells to Joint Venture
The Tucson Sears Store was built in 1965. It closed in 2018. Since then, 25% of it has been leased… Read more
Tower 16 Unloads Phoenix Apartment Complex After Brief Hold
Tower 16 Capital Partners has sold Obsidian on Ocotillo Apartments, a 232-unit multifamily project, for $56.4 million. The property was… Read more
FlexHQ Acquires Denver Warehouse for New Concept
While news of million square foot industrial buildings is becoming more common, an equally common trend is to go small.… Read more
MG Properties Expands Arizona Presence with $107M Deal
San Diego-based real estate company MG Properties has purchased the 2150 Arizona Avenue South Apartments in the Phoenix submarket of… Read more
New Flex Warehouse Concept Opens In Phoenix
Capstone Equities launched its Portal Warehousing concept last year, a sort of flexible warehouse solution offering the smaller spaces and… Read more
Ambitious Medical and Innovation Campus Moving Forward in Phoenix Area
Development plans were announced to build a $762 million multi-purpose campus — including a life science and innovation center, a… Read more
KKR Adds 600,000 sf Industrial Park to Phoenix Portfolio
This latest transaction takes KKR’s Phoenix portfolio to over 3 million square feet of industrial space. 101 at Van Buren… Read more
Berkadia Assists Phoenix Developer on Two New Projects
Berkadia sourced both a joint venture partner and a preferred equity provider for developer Moderne to build two new Phoenix… Read more
Downtown Phoenix Site for 23-Story Mixed-Use Development
Hatteras Sky, along with capital partner Bridge Investment Group just started work on a 23-story mixed-use high-rise apartment project at… Read more
Stream Realty Partners Inks Rep Deal for 3 Million Sq Ft Industrial Complex
Mack Real Estate Group (MREG) has appointed Stream Realty Partners as the leasing agent for Mack Innovation Park in the… Read more
Tucson Hospital Buys Outlying Parcel
Tucson Medical Center (TMC) is looking to build another medical center in nearby Marana. Vintage Partners, the developer of Marana… Read more
North Phoenix Office Building Flips for $43 Million
Time Equities (TEI) bought the five-story, 268,000 square foot office from Sterling Equities and Lincoln Property Company. Located in Phoenix… Read more
Fall Completion Date Targeted for Blackstone’s $3.6B Acquisition of Bluerock Residential
Bluerock Residential Growth REIT, Inc. and Blackstone Real Estate have set Oct. 6 as the target date for completion of… Read more
Arizona Build-To-Rent Developer Buys 39 Acres in Casa Grande
The MODUS Companies is planning to build 470 units in the fast growing town of Casa Grande. Casa Grande, between… Read more
Apartment Construction Reaches 50-Year High
Despite ongoing economic headwinds and continuing supply chain disruptions, apartment construction is at a 50-year high, driving deliveries. A report… Read more
Goodyear Distribution Facility Trades for $109 Million
Newly constructed early in 2022, the property, known as Lakin Park Building 1A, is 100% leased to a single tenant.… Read more
It’s Time to Nominate Commercial Real Estate’s Most Influential Women
The deadline is nigh to participate in Connect CRE’s sixth annual Women in Real Estate Awards. We’re continuing to call for… Read more
Marcus & Millichap Closes Sale of Net-Leased Omaha Supermarket
Marcus & Millichap arranged the sale of Family Fare Supermarket, a 65,413-square-foot net-leased property located in Omaha. The asset sold… Read more
Rincon Partners Secures Phoenix Multifamily Community
Rincon Partners paid $58.24 million, $260,000 a unit, for the 224-unit apartment complex in Phoenix. Institutional Property Advisors (IPA) represented… Read more