Phoenix
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
Two Goodyear Build-To-Rent Communities Bought by Illinois Investors
263-home TerraLane at Canyon Trails sold for $119 million and 148-unit TerraLane at South Mountain sold for $66 million. RSI… Read more
Phoenix Apartment Complex Sells Across From Soon-To-Be Renovated Mall
The Azura Apartments, soon to be called Portola North Phoenix, is a 387-unit development across from the shuttered Metrocenter Mall.… Read more
Three-Building Logistics Portfolio Acquired by CBRE Investment Fund
The buildings are a combined 230,385 square feet, all in the South Airport submarket. That puts them close to the… Read more
Indianapolis-Based Thompson Thrift Buys 68 Acres For Phoenix-Area Industrial Project
Although they are based in Indianapolis, Thompson Thrift is no stranger to the desert southwest. It’s closed deals in Tucson… Read more
Connect Media Bolsters Editorial Team with New Hires
Connect Media, a commercial real estate news, events and creative services agency, has made new additions to its editorial team.… Read more
Senior Housing Project Changes Hands in Phoenix
The 15.3 acre Park Terrace Senior Living was purchased by the duo of Link Senior Development and The Roxborough Group.… Read more
Fairmont Hotel to Anchor Downtown Phoenix Project
The 25-story Fairmont Phoenix will be the showpiece of a mixed-use development in downtown Phoenix. It will feature 225 guest… Read more
A Turning Point in the Housing Market?
Very, very, very slight signs are signaling potential change in the single-family housing market. Specifically, Realtor.com’s prediction is that May… Read more
Phoenix-Area Deer Valley Medical Center Sells for $20 Million
The five-story Optum Center was sold to Cleveland-based Woodside Health Development for $244 a square foot. Talia Jevan Properties of… Read more
It’s Time to Submit Your Nominations for 2022 Top Mortgage Brokers & Lenders
Connect Commercial Real Estate’s second annual Top Mortgage Brokers & Lenders awards program has seen a strong industry response to… Read more
CRG Raises $450M in Equity Toward New Projects
CRG, the development arm of Chicago-based Clayco, has completed fundraising for a $300-million equity fund that will invest in its… Read more
Largest Complex Made of Shipping Containers Opens in June 2022 in Phoenix
The IDA on McKinley is a six-story, 19 unit apartment made up entirely of shipping containers. Local Studio’s Brian Stark… Read more
LG Building $1.4 Billion Battery Plant Outside Phoenix
Queen Creek Arizona will be the site of the South Korean company’s next battery plant. The town gave the project… Read more
Classic Phoenix Apartment Sells for $51.3 Million
The buyer of the Madison Grove, Brass Enterprises, paid $300,000 a unit for the 1976-era project. IPA’s Steve Gebing represented… Read more