Phoenix
Downtown Phoenix Soon to Have 1 Million Square Foot Development
The project will be named Central Station and will consist of two residential towers, 30,000 square feet of retail, 70,000 square… Read more
IPA’s David-Gebing Team Closes $202M Portfolio Deal in Phoenix, Albuquerque
Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the $201.75-million portfolio sale of three multifamily properties in… Read more
West Phoenix Apartments Trade from One AZ Owner to Another
ABI Multifamily arranged the sale of Sandpainter Apartments, a 116-unit multifamily apartment community located at 2225 W. Indian School Rd.… Read more
Tower Capital Lines Up Financing on Phoenix Build-to-Rent
Tower Capital arranged more than $20 million in non-recourse construction financing for Proximity 7th, a build-to-rent (BTR) multifamily community being… Read more
IPA’s Brian Eisendrath Arranges Refi on Phoenix Multifamily
Institutional Property Advisors, a division of Marcus & Millichap, arranged the $63.5-million refinancing of Stonebridge at Paradise Valley, a 384-unit… Read more
Howard Hughes Corp. Extends JDM’s Option Period for Douglas Ranch Stake
The Howard Hughes Corporation has extended JDM Partners’ option period to reacquire a stake in Douglas Ranch—HHC’s recently launched large-scale… Read more
IPA’s Gebing and David Close Multifamily Sale in Phoenix’s Mountain Park Ranch
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Mountainside, a 288-unit multifamily asset located within Mountain… Read more
BET Launches 2.2M-SF Industrial Complex in Buckeye
BET Investments has launched what will be one of the largest industrial developments in the history of Buckeye, AZ. The… Read more
Triumph Properties Comes to North Phoenix with Multifamily Development
Triumph Properties announced it has closed an $82.5-million total capitalization of a 287-unit multifamily development project, Aileron, located in the booming North… Read more
More Renters Migrate to “Feeder Cities” in 2021
Household migration continued strong in 2021, fueled by pandemic restrictions, increasing household sizes and different job opportunities. According to StorageCafe,… Read more
Higher Investor Activity Anticipated Despite Headwinds
The Russia-Ukraine war, labor shortages, supply chain disruptions and inflation continue to drive headlines and commercial real estate investment intent.… Read more
Mortgage Rates and More Supply Drives “Bulk” Home Sales To Investors
The majority of new homes built in 2021 were bought and used by families and individuals as their primary residences.… Read more
Yuma Distribution Center Trades to FD Stonewater
CBRE closed the sale of the 222,554 square-foot Alside Distribution Center in Yuma, AZ to FD Stonewater, an Arlington, VA-based… Read more
Massachusetts Investor Comes to Phoenix for Multifamily Deal
ABI Multifamily arranged the $42-million sale of Rise Metro Apartments, a 160-unit multifamily apartment community located at 2045 W. Butler… Read more
NewPoint Provides $158M Refi on Phoenix-Area Portfolio
NewPoint Real Estate Capital LLC has provided $157,920,000 in Freddie Mac loans on behalf of Bard Investment Company for the refinancing… Read more
Graycor Hires Business Development Manager for Southwest
General contractor Graycor Construction Company has hired industry veteran Sue Sylvester as business development manager in Phoenix, responsible for identifying… Read more
Rarity in West Phoenix Multifamily Trades to Investment Group
GC Square Apartments in Phoenix has sold to Rise48 Equity, a regional multifamily investment group, for $31.02 million. Kidder Mathews’ Bret Zinn,… Read more
April 8, 2022: Drop-Dead Deadline for Next Generation Awards Nominations
This is your last warning! Friday, April 8 is the drop-dead deadline to nominate CRE pros under age 35 for… Read more
L.A.-Based Decron Closes First of Two Phoenix Deals for $108M
Decron Properties has acquired Ascent at Papago Park, a 270-unit garden style multifamily asset in Phoenix for $107.8 million. The… Read more