Phoenix
Q&A with MetroGroup’s J.D. Blashaw: The Rise of MOBs & the Future of Lending Within This Asset Class
As medical office buildings (MOBs) garner more hype and media attention as “the darling” of current investment portfolios, Connect spoke… Read more
Award-Winning Office Sells in Gilbert
The Collab was sold by Creation, a Phoenix real estate investment firm. The sales price was $20.2 million, more than… Read more
110-Unit Phoenix Apartment Goes For $21 Million
The Summit on Thomas has been sold to Cowabunga LLC for $190,000 a unit. Rise48 was the seller. The property… Read more
Yelp Shuttering Offices in NYC, Chicago and DC in Move to Remote Work
Online review company Yelp will shutter its “most consistently underutilized” offices in New York, Chicago and Washington, DC and downsize… Read more
Buckeye’s Funko Distribution Center Commands $130 Million
Creation sold the 860,000-square-foot industrial building to a venture made up of Cohen Asset Management and Intercontinental Real Estate Corporation.… Read more
Phoenix’s Foothills Corporate Centre Sold, Will Take on New Look
The 110,000-square-foot office was sold by SDC Foothills and the buyer was WG Group. This is WG’s first foray into… Read more
Colorado Springs Retail Center Goes for $21.4 Million
The 155,000 square-foot Centerpointe Plaza changed hands for $138 a square foot. The shopping center was sold by Kinetic Development,… Read more
High-End Retail Center Changes Hands in Tucson
Paloma Village Center sold for $18.4 million, or $480 a square foot. Situated on 12 acres, the 38,347 square foot… Read more
CARROLL Acquires Three Sun Belt LP Deals with Collective Price Tag of $200M
Atlanta, GA-based CARROLL has acquired three limited partnership deals across NC, TX and AZ for a combined purchase price of… Read more
Phoenix Papago Plaza Taking on New Look
Pivot Development thought it was important to maintain the 60’s-era Pueblo styling in its new incarnation of the South Scottsdale… Read more
288-Unit Phoenix Multifamily Project Sells for $75.3 Million
Rise48 Equity was the buyer of The Waterfront, a circa 1980 property. Pro Residential from Los Angeles was the seller.… Read more
Newly Revamped Phoenix Medical Building Nets $9 Million
A 24,800 square foot multi-tenant medical office building traded hands in a recent deal worth $365 a square foot. The… Read more
Tower 16 Sells Phoenix Property After 30 Month Hold
The California real estate investment firm bought the Loramont on Thomas Apartments in 2019 for $11.7 million. It sold the… Read more
Dallas-Based Mohr Capital to Develop Phoenix-Area Business Park
Mohr bought 46 acres in the Phoenix suburb of Surprise to build over a million square feet of industrial space.… Read more
Battery Maker to Build $1.25 Billion Factory in Buckeye
KORE Power will break ground this fall on KOREPlex, a two million square-foot manufacturing plant. The company paid $29 million… Read more
Value-Add Apartment Buyer Plans Major Revamp of Just-Acquired Phoenix Property
TruAmerica focuses on value-add properties that can be repositioned after performing the required renovations. And that’s exactly what they have… Read more
Taiwan Semiconductor Gives First Look at New $12 Billion Phoenix Plant
Taiwan Semiconductor Manufacturing Corp. (TSMC) got to show the world what the huge plant will look like this week. It’s… Read more
SBREP Acquires 387-Unit Arizona Multifamily for $91M
Irvine-based SB Real Estate Partners (SBREP) has purchased Azura Apartments, a 387-unit, garden-style community in Phoenix, AZ for $91 million.… Read more
Job Numbers Outpace Housing Permits
The National Association of Realtors and Realtor.com report an ongoing shortage of housing in the United States. A just-released report… Read more