Phoenix
Phoenix-Area Town Ranks #1 in Office Construction
Gilbert Arizona, once known as “The Hay Shipping Capital of the World” has developed into a world beater when it… Read more
Calling for More of The Year’s Top Mortgage Brokers and Lenders
Response has been strong to date for Connect Commercial Real Estate’s second annual Top Mortgage Brokers and Lenders awards program.… Read more
Phoenix Area Infill Site to Be a Multifamily Community
Berkadia arranged the sale of the 20 acre site at the corner of SW Tomahawk Road and Broadway in Apache… Read more
Phoenix #2 for Industrial Development Growth
A recent report from CommercialSearch points to Phoenix as the number two ranking city for industrial development growth. The study… Read more
Another Million Square Foot Project May be Coming to Downtown Phoenix
A preliminary development plan was filed with the City of Phoenix that would include a 29-story residential tower with over… Read more
Origin Cites Sun Belt Markets as Best for Multifamily Investment
Private equity real estate fund manager Origin Investments has released a report, Multifamily Markets to Watch, that cites Sun Belt… Read more
Paradise Village Office Park Sells to New York Group
The five-story office building has 268,516 square feet of space. It’s currently 72% leased up. Time Equities of New York… Read more
New Phoenix Multifamily Project Secures $45 Million Refi
NewPoint Real Estate Capital provided the 10-year Fannie Mae loan to refinance a build-to-rent 200-unit community in Phoenix. NewPoint’s John… Read more
JLL Arranges $372 Million Refinancing for 10 Southwest Properties
The properties, in Texas and Arizona, amount to 2,549 units. JLL worked on behalf of the borrower, Wealhouse Capital, who… Read more
Submit Your Nominations for Connect CRE’s 2022 Top Mortgage Brokers & Lenders Awards
For commercial real estate professionals on the lending side, 2021 was both an especially fruitful year and a challenging one,… Read more
VAI Resort to Build Arizona’s Biggest Hotel
With the mission of bringing a water oasis to the desert, VAI Resort will feature 1,200 hotel rooms, a large… Read more
Phoenix Adds to Nation’s Highest Multifamily Sales Volume
Transwestern Development Company (TDC) sold its 209-unit Lydian complex for $66 million. Knightvest Capital purchased the property in what amounted… Read more
Phoenix’s Metrocenter Mall Begins Planning Rehab
The mall, built in 1973, was one of Phoenix’s first. But the effects of the Covid pandemic was more than… Read more
Decron Properties Acquires Another Phoenix Multifamily Community
It’s now eight and counting. Decron added the Tamarron Apartments to its lengthy list of Phoenix holdings. The one factor… Read more
MDH Partners Ups Industrial Holdings in Phoenix
Even though MDH Partners owns 85 assets in 20 states, Managing Director George Rowe says it’s hard to beat the… Read more
Entire 450,000 Square Foot Goodyear Industrial Site Leased to NPSG Global
Goodyear, about 30 miles west of Phoenix, has seen explosive growth of late in all real estate sectors, industrial included.… Read more
Element Buys Its Fourth Tucson Multifamily Property
Tucson continues to be a very busy marketplace when it comes to buying multifamily communities. With rents rising faster than… Read more
New Joint Venture Buys Two Eastmark Parcels
IndiCap has joined forces with AECOM-Canyon partners to buy two parcels of industrial zoned land in the Mesa Gateway submarket.… Read more
Uncommon Side-by-Side Grocery Stores Sell Near Phoenix
A Trader Joe’s and Sprouts Farmers Market have lived in harmony in a popular retail center for over 25 years.… Read more