Phoenix
Fundamental Income Acquires Restaurant-Nightclub Tao Chicago
Fundamental Income, a Phoenix-based net lease real estate platform, has acquired Tao Chicago, a 34,000-square-foot restaurant and nightclub leased to… Read more
Inland Empire Has Lowest Industrial Vacancy Rate in U.S.
Bullish demand-supply fundamentals continue for the Nation’s industrial markets, despite the volatile economy according to a new report from Commercial… Read more
Mesa, Arizona Apartment Homes Sell For $319,444 a Unit
Rise48 Equity used a combination of debt and equity to buy the $92 million multifamily community. Northmarq Phoenix’s Debt and… Read more
BPG Debuts $2.5M Courtyard at City Square
Los Angeles-based Barker Pacific Group (BPG) has announced the completion of City Square Plaza, a new Gensler-designed gathering spot in… Read more
Phoenix Condo Complex Sells for $8.2 Million
SVN Desert Commercial Advisor’s Danny Lee was no newcomer to the Graybriar Condominiums. He sold his first condominium at the… Read more
Central Phoenix Apartment Sells to Cal-Based Investor
KB Investment Development was the buyer of the 280-unit project, known as the Green Leaf Arts District. The 2017-completed project… Read more
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