Phoenix
Marana Warehouse Trades to BlackRock for $50M
Southern Arizona Logistics Center Building #2, a 435,023-square-foot concrete tilt-up warehouse at 10070 W. Clark Farm Blvd. in Marana, was… Read more
Aerospace/Defense Supplier Opens $200M Mesa Factory
Hadrian, an aerospace and defense supplier, opened a $200 million factory at The Cubes at Mesa Gateway. The Phoenix Business… Read more
CapRock Delivers 825K-SF Phoenix Industrial Venture
CapRock Partners completed CapRock West 202 Logistics – Phase 2, marking the final phase of Phoenix’s largest speculative industrial development.… Read more
Phoenix Eyeing City Land for Transit-Oriented Mixed-Use Project
The City of Phoenix is rezoning nearly 1.5 acres at the corner of 35th Avenue and McDowell Road to encourage residential and… Read more
KKR Pays $112.3M for Two AZ Senior Housing Properties
KKR acquired a Phoenix-area senior housing portfolio for $112.3 million. PGIM sold the two properties, totaling 285 units. Commercial Edge… Read more
EQT Acquires Loop 303 Warehouse for $104.5M
EQT, one of the largest private equity investors, acquired Commerce @ 303, a 663,000 square foot Class A industrial property… Read more
Empire Planning 24-Story Midtown Phoenix Apartment Tower
Empire Group of Cos. plans to break ground next month on a 24-story apartment tower near the Phoenix Art Museum.… Read more
Industrial Powerhouse Starting Work on 950K-SF Mesa Warehouse
DSV will soon begin working on a 950,000 square foot industrial facility on an 87-acre piece of land near Ellsworth… Read more
Opportunistic Fund Targets Distressed Multifamily in High-Growth Markets
Online real estate investment platform Neighborhood Ventures has launched Opportunistic Fund II, a $25-million vehicle to acquire between five and eight… Read more
H Mart Will Open Its Largest U.S. Location in Fremont
Vestar said Tuesday that H Mart, the nation’s largest Asian supermarket chain, will open its largest U.S. location at Pacific Commons… Read more
Two Data Centers Proposed, One Near Luke AFB
Data center developer Takanock has proposed two data centers and a natural gas power plant north of Luke Air Force… Read more
Kitchell Sells Off 50K-SF Goodyear Retail Center
Hanley Investment Real Estate Advisors completed the sale of Mountain Ranch Marketplace, a 49,683-square-foot, neighborhood center located in the Phoenix… Read more
Chemical Plant Slated for Casa Grande
Sunlit, a Taiwan-based chemical supplier, acquired about 40 acres for $9.2 million near a rail line in Casa Grande. The… Read more
107-Key Cambria Hotel Breaks Ground in Mesa
The Cambria Hotel Mesa is being built on the corner of Elliot and Ellsworth roads in Mesa and is one… Read more
Rockefeller Group Nearing 2,000 Phoenix-Area Rental Units
Rockefeller Group is developing Corsica Villas at Laveen, a 213-unit build-to-rent residential community in the Laveen neighborhood of Phoenix. Located… Read more
Westcore Picks Up 332K-SF Fully-Leased N. Phoenix Industrial Property
Westcore acquired a three-building, 332,000 square foot industrial park in the Deer Valley submarket of Phoenix for $90.7 million. The… Read more
Nominate Commercial Real Estate’s Leading Investment Sales and Leasing Brokers
For the ninth year in a row, Connect CRE will spotlight commercial real estate’s leading investment sales and leasing brokers… Read more
Aldi Planning Dozens of Store Openings in SW USA
Discount grocer Aldi is expanding its presence in the Southwestern United States. The company announced on Monday that it plans… Read more
ViaWest, Barings Break Ground on 808K-SF Deer Valley Warehouse Project
ViaWest Group, in partnership with Barings, LLC, and Willmeng Construction, has officially broken ground on ReDiscover Logistics Park, an 808,400 square foot industrial… Read more