Tempe
Cousins Properties, Hines Collaborate on 287K-SF 100 Mill
Cousins Properties and Hines joined forces to begin development on 100 Mill, a $153-million, 287,000-square-foot, 18-story office tower in Tempe,… Read more
Q4 Phoenix Office: Shrinking Vacancies, “Lofty” Absorptions
Phoenix’s office market in Q4 2019 showed a great deal of strength, with commercial real estate analysts pointing to positive… Read more
Western Wealth Continues Feeding MF Appetite, Pays $43M for Sonesta on University
Canadian buyer Western Wealth Capital continued its Phoenix-area investment, acquiring the 212-unit Sonesta on University for $42.5 million. Knightvest Residential… Read more
213K-SF Grand at Papago Park Sells for $90M
Susquehanna Holdings Ltd. shook hands with partners Lincoln Property Co. and Goldman Sachs & Co. LLC to acquire the first… Read more
Developer Culdesac Announces First Car-Free Neighborhood in U.S.
Post-car real estate developer Culdesac has unveiled plans to build the country’s first car-free neighborhood from scratch in Tempe, AZ.… Read more
Homeless Veteran Count Drops, Affordability Concerns Remain
There is a good-news/bad-news scenario when it comes to the U.S.’ vulnerable military veteran population. The good news is that… Read more
Security Properties Pays $28M for Class C MF in Arizona
Security Properties acquired The Rev Apartments, a Class C multifamily property in Tempe, AZ. The Seattle buyer paid Baron Real… Read more
Mygrant Glass Acquires 130K-SF Arizona Warehouse & Manufacturing Building
Mygrant Glass Co. Inc. paid $13.2 million for ownership rights to a 130,276-square-foot warehouse and manufacturing facility in Tempe, AZ.… Read more
$87M Construction Loan Closed on Westin Tempe
CAI Investments LLC obtained $86.5 million in construction financing for the 290-key Westin Tempe, in downtown Tempe, AZ. The Las… Read more
Capital Partners Snags Warehouse in PHX-Area Opportunity Zone
Capital Hall Partners acquired a 1960s vacant warehouse in Tempe, AZ. The Southern California buyer shook hands with a local… Read more
Rosie Keller Joins Transwestern as SVP
Transwestern Commercial Services (TCS) hired Rosie Keller to serve as vice president and asset services leaders in its Phoenix, AZ… Read more
Harvard, Lincoln Campus in Mesa, AZ Nears 100% Occupancy
Recent leasing activity has brought Harvard Investments and Lincoln Property Company’s Waypoint office campus in Tempe, AZ to 98% occupancy.… Read more
Catellus Breaks Ground on Dual-Branded Hotel in Tempe
Catellus Development Corporation plans to build a 259-room, dual-branded hotel to the Novus Innovation Corridor in Tempe, AZ through a… Read more
WeWork Continues PHX Expansion with Four-Floor CBD Deal
New York-based WeWork established its first downtown Phoenix location at 101 North. The shared workspaces company will lease four full… Read more
MF Asset in Arizona’s Economic Super Core Sells for $60M
Marcus & Millichap’s Institutional Property Advisors’ (IPA) division handled the $59.6-million sale of Alante at the Islands, a 320-unit multifamily… Read more
Lincoln Tops Out Tempe Office Development
Lincoln Property Company (LPC) poured the top floor of The Grand at Papago Park Center 2, bringing the Tempe, AZ-building… Read more
Bascom Affiliate Bags Tempe MF for $89M
Bascom Arizona Ventures, LLC acquired the Tempo at McClintock Station Apartments, a mid-rise multifamily property consisting of 423 residential units… Read more
TruAmerica Multifamily Snags Tempe MF’s for $67M
Los Angeles-based TruAmerica Multifamily, in joint venture with an unnamed institutional capital partner, acquired a two-property, 472-unit apartment portfolio in… Read more
Continental, MLG Capital Acquire TOD MF in Tempe, AZ
Denver-based Continental Realty Advisors, Ltd., in partnership with Milwaukee-based MLG Capital, acquired Tempe Metro, a 408-unit apartment community in Tempe, AZ for… Read more