Phoenix
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
Avanti Residential Unloads Phoenix-Area Multifamily Community
The Villas at Mountain Vista Ranch is a 256-unit, value-add apartment complex in the Phoenix suburb of Surprise. Avanti Residential… Read more
North Phoenix 80’s Office Asset Acquired by Jumping Cholla II LLC
4545 Investment Alliance sold the property to Jumping Cholla for $8.2 million. The 46,574 square foot property is 90% leased… Read more
X Team Expands SoCal Footprint, Adds Axiom Retail Advisors
Southern California brokerage group Axiom Retail Advisors has joined Phoenix-based X Team Retail Advisors as an affiliate of X Team’s… Read more
Far-East Phoenix Suburb Site for Apartment Rental Trade
FSO Realty purchased the 176-unit Sonoma Valley located in Apache Junction, about 30 minutes east of Downtown Phoenix, for $44.5… Read more
Mile-Long Logistics Center Going Up in Phoenix
The trio of Merit Partners, First Industrial Realty Trust and Diamond Realty Investments hired Stevens-Leinweber to build a 1.75 million… Read more
Surfs Up! Maricopa May Be Site for Phoenix-Area Water Park
Big Surf was all the rage when it opened in Mesa, Arizona in 1969. Not just a huge pool, but… Read more
Vintage Apartment Community Sells in Phoenix
The 130-unit Paradise Palms in Phoenix has a revered history. Designed by famous architect Ralph Haver in 1959, the Biltmore… Read more
We’re Looking for More of Commercial Real Estate’s Most Influential Women
Nominations for Connect CRE’s 2022 Women in Real Estate Awards have been open since the beginning of this month, and while industry response to date has been heartening,… Read more
Two-Property Tempe Apartment Portfolio Has New Owners
The two-property multifamily projects in Tempe include Omnia on 8th, with 188 units and the 181-unit Omnia McClintock. The combined… Read more
Executive Insights: Lument’s Vic Clark Discusses the Changing Apartment Property Market
Lument Research recently spoke with Vic Clark, Lument’s Senior Managing Director and Chief Production Officer, about developments in the multifamily… Read more
Two Camelback Corridor Multifamily Properties Sell for $15.68 Million
The 30-unit Olive Gardens and 25-Unit Village 28 sold separately. A CBRE team led by Derek Smigiel represented the buyer… Read more
Stream Realty Adds Property Management Exec to Phoenix Office
Tom Coughlin joined the national real estate and investment firm’s Phoenix office as the new Vice President of Property Management.… Read more
Q2 Industrial Marked by New Vacancy Lows, New Construction Highs and Double-Digit Rent Growth
Despite economic concerns, supply chain issues and geopolitical conflicts, the industrial real estate market in the United States continued its… Read more
Phoenix’s Tallest High-Rise Apartment Sells for $93.5 Million
The 184-Unit 44 Monroe is Arizona’s largest residential real estate tower. The property, built in 2008 for a reported $70… Read more