Phoenix
Q&A with Berkadia’s Dori Nolan on Multifamily’s “Tremendous” 2021
The year that just closed saw the multifamily investment sales market firing on all cylinders, with activity coming from all… Read more
All Phoenix Submarkets Stay Hot Due to Robust Market Fundamentals
Seven multifamily properties totaling 285 units in the Greater Phoenix area recently sold in separate transactions for $64 million. The… Read more
BKM Logs 25th Acquisition in Phoenix Metro
Newport Beach-based BKM Capital Partners recently acquired Scottsdale Commerce Center, a four-building multi-tenant light industrial business park totaling 85,362 square… Read more
Seaview Capital Plans Expansion of 1,000+ Units in Phoenix Metro
Refinancing to the tune of $36.35 million was recently arranged for The Premiere at Eastmark, an apartment community in Mesa.… Read more
St. Clair Holdings Grabs Bungalows for $73M
The Bungalows on Estrella, a 183-unit garden-style multifamily property in Goodyear, AZ, recently sold for $73.2 million. The buyer was… Read more
Within a Week of Listing, Team Receives Several Offers
A fully leased industrial asset comprising four buildings totaling 110,679 square feet recently sold in the Deer Valley submarket of… Read more
Park 67 Increases Tower 16’s Phoenix Foothold, Totaling Seven Assets
San Diego-based Tower 16 Capital Partners recently acquired Park 67 Apartments, a 160-unit multifamily property in Glendale, AZ, for $30.4… Read more
Offices at Chandler Viridian is Macquarie’s Second Phoenix Buy in Four Months
Macquarie Asset Management completed the purchase of the Offices at Chandler Viridian, a newly built six-story class-A office building in… Read more
Largest Marketed Portfolio Metro Phoenix 5 Goes for $414M
The Metro Phoenix 5 Portfolio, one of the largest marketed Arizona multifamily portfolios to date, recently sold for a combined… Read more
Phoenix Growth Prospects Allow Intercontinental to Expand its Presence
Intercontinental Real Estate Corporation recently acquired Garden Grove Apartments, a 376-unit garden-style apartment complex in Tempe for $126 million. The… Read more
Blackstone Taking Bluerock Residential Private in All-Cash Deal
Blackstone Real Estate will take Bluerock Residential Growth REIT private in an all-cash transaction valued at $3.6 billion, the two companies… Read more
San Giovanni Acquisition Financing Has Many Bells and Whistles
Acquisition financing of $40 million was recently arranged for San Giovanni, a 300-unit multifamily property located in Phoenix. The 2001-vintage… Read more
Davlyn’s $114M Trevi Buy Checks all the Investment Boxes
Davlyn Investments recently closed escrow on the $114.38 million purchase of Trevi, a 290-unit class-A multifamily community constructed in 2005.… Read more
Arcadia Fiesta, Fully Backed by National Tenants, Sells for $41M
Arcadia Fiesta, a 154,436-square-foot retail shopping center in Phoenix, recently sold for $41.65 million. The buyer was an entity formed… Read more
Two Spec Industrial Buildings Turn Dirt Within PV 303
On behalf of Merit Partners Inc. and Lexington Realty Trust, Stevens-Leinweber Construction recently broke ground on two fully speculative industrial… Read more
Decron’s Phoenix Acquisition Tally Grows with $101M Arrowhead Ranch Buy
Decron Properties continues to build a formidable portfolio of multifamily assets in the Phoenix MSA with its acquisition of Arrowhead… Read more
Goodyear Airport 85 Expands CIM’s Portfolio for Ongoing Warehouse Demand
Goodyear, located in Phoenix’s southwest valley, drives strong demand from both e-commerce and regional distribution centers. Tenants in these centers… Read more
Contour Sets Sights on Phoenix Industrial with Buckeye Buy
Contour recently acquired 54 acres in Buckeye located at the southeast corner of Southern Avenue and Rainbow Road. The property… Read more
University’s $1.2B Refi Marks the Largest Real Estate Deal in Arizona History
Grand Canyon University (GCU) recently received $1.2 billion to refinance the secured note that was issued in 2018 as part… Read more