Phoenix
Sunbelt Pays $62.5M for Buckeye Land, Adds to Extensive Holdings
Sunbelt Investment Holdings (SIHI) was the winning bidder of 272 acres of Arizona State Land in Buckeye. Bidding started at… Read more
Boomtown Buckeye Adding 901 New Rental Units
The town is booming, and Buckeye shows no signs of slowing down. The population in Buckeye spiked by nearly 80%… Read more
Igneo Acquires 7 U.S. Data Centers, Plans to Expand Platform
Global infrastructure investment manager Igneo Infrastructure Partners has acquired the Vault Digital Infrastructure portfolio from a joint venture of CVC… Read more
458K-SF Phoenix Office Property Changes Hands
Newmark arranged the $32.25 million sale of Thirty 03, a 26-story, Class A multi-tenant high-rise office building located at 3003… Read more
71K-SF Tempe Office Building Picked Up by ARC
Hohokam Court, a single-story 70,800-square-foot building in Tempe, was acquired by Alignment Realty Capital (ARC) for $11.7 million. The Phoenix… Read more
Heitman Offloads Camelback Apartments After 12-Year Hold
Principal Financial acquired the 270-unit Biltmore at Camelback in Phoenix for $97.3 million. Heitman was the seller. Heitman paid $74.75… Read more
Marcus & Millichap Arranges Maverik Gas Station Sale in Missouri
Marcus & Millichap has brokered the sale of a net-leased Maverik gas station property in Springfield, Missouri, for $4.4 million.… Read more
DHS Purchases 418K-SF Surprise Warehouse
The Department of Homeland Security has purchased a 418,000-square-foot warehouse in Surprise for more than $70 million. The all-cash transaction,… Read more
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