Phoenix
Willow Creek Buy Fulfills Next Wave’s Expansion Goal
Next Wave Investors LLC recently acquired Willow Creek Apartments, a 160-unit garden-style apartment community in Prescott for $58 million. The… Read more
Retail is Thriving Throughout Greater Phoenix and Across Arizona
In spite of supply chain issues and inflationary pressure, retail is thriving throughout the greater Phoenix market and in key… Read more
Block 23 Sets PSF Record for Multi-Tenant Office Trades
Block 23, a mixed-use live-work-play asset in the heart of downtown Phoenix, recently sold to City Office REIT Inc. for… Read more
Gilbert Gateway North Buy Reflects Income Growth Potential
Gilbert Gateway Towne Center North, a 265,878-square-foot retail destination shopping center in Gilbert, recently sold for an undisclosed purchase price.… Read more
Tricon Expands Active Build-to-Rent Pipeline with 3,000 Units
Tricon Residential Inc. recently provided an update on its active build-to-rent community pipeline, which has now expanded to more than… Read more
Seattle Posts Double-Digit Percentage Gains in Office Rents
CBRE’s Tech-30 report, now in its 10th year, measures the industry’s impact on office demand and rents in the 30… Read more
Three Tenants Ink Leases at Creative Office Complex LINK
Three newly signed leases totaling 22,359 square feet were recently inked at LINK, a creative office complex at 777 and… Read more
CRG Promotes Hannah Kiem to VP of Development
CRG recently promoted Hannah Kiem from director of development to vice president of development for the Southwest region. Kiem will… Read more
Short-Term Rental Demand Grows in San Antonio at 41%
AirDNA’s monthly review indicates that U.S. short-term rentals are now generating 40 percent more revenue than at the same time… Read more
2233 Dunlap’s Purchase Price is a Fraction of Replication Cost
A 94,000-square-foot multi-tenant class-A office property in North Phoenix recently sold for $6.275 million. Located at 2233 West Dunlap Ave.… Read more
Jacksonville Three-Property, 842-Unit Multifamily Portfolio Sells for $96M
New York-based Cyclone Investment Group, in a joint venture with Skywood Properties, has purchased a three-property multifamily portfolio totaling 842… Read more
In 10 Days, Rise48 Equity Sells and Buys Three Assets Totaling $110M
Phoenix-based Rise48 Equity, a multifamily investments group, recently announced three transactions in 10 days totaling $109.85 million. The transactions included… Read more
Deer Valley Last-Mile Logistics Building Sells for Nearly $75M
A newly developed 145,474-square-foot last-mile fulfillment/distribution facility on 34 acres in Phoenix recently sold for $74.7 million. Built in 2021,… Read more
Data Center Operators Confront the Sector’s Sustainability Question
As this week’s back-to-back pair of entity-level deals valued in the 11-figure range make clear, data centers are a growth sector.… Read more
Wilmot Plaza Retail Center in Tucson Gets Recapitalized for $34M
Gantry recently secured $34 million to recapitalize the Wilmot Plaza destination retail center for a legacy-hold operator. The 140,000-square-foot center… Read more
Apprise by Walker & Dunlop Expands Western Reach
Apprise by Walker & Dunlop has expanded its reach in the Western region with the addition of Managing Director Aaron… Read more
Arcadia Crossing Sale Demonstrates Appeal of Well-Located Phoenix Assets
Arcadia Crossing, a 453,457-square-foot grocery-anchored power center located at 44th Street and Thomas Road in Phoenix, recently sold to a… Read more
Cold Storage Continues to Take Center Stage in Pandemic
The pandemic, which created a massive disruption in the food industry, has buoyed ongoing demand for U.S. industrial cold storage… Read more
With Lack of Cold Storage Options, Facility Fills Large Void in Phoenix
Bay Logistics recently leased 76,189 square feet at Central Logistics Cold Storage Center in Phoenix amid growing demand for high-quality… Read more