Phoenix
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
City of Hope Acquiring Cancer Treatment Centers for Reported $390M
City of Hope, a cancer research and treatment organization based in Duarte, CA, has entered into a definitive agreement to… Read more
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