Tempe
Phoenix’s Chase Tower Trades Again, This Time for $108M
New York-based Viola Lordsmeer L.P. acquired Chase Tower in downtown Phoenix from a partnership managed by Phoenix-based Wentworth Property Co.… Read more
Liberty Unloads 5-Property Portfolio in Arizona for $255M
A five-building portfolio in metro Phoenix totaling nearly 806,000 square feet has traded hands for $255 million. Pennsylvania-based Liberty Property… Read more
George Smith Partners Arranges Financing for $150M Arizona Spec Development
George Smith Partners completed $105.5 million in financing for a portion of The Watermark Tempe, a $150-million, mixed-use, ground-up development… Read more
Gulf-based Investor Purchases Two-Property Phoenix Office Portfolio
A two-property office portfolio consisting of three buildings in metro Phoenix were acquired by a Gulf-based, high-net-worth investor for $25.95… Read more
ASU Expands into DTLA’s Historic Herald Examiner Building
Tempe, AZ-based Arizona State University signed a lease to open a downtown Los Angeles campus in the historic Herald Examiner… Read more
Utah Developer Expands Arizona Office Campus with Spec Building
Salt Lake City, UT-based The Boyer Company plans to commence Phase V of Rio2100, a 60-acre mixed-use development located adjacent… Read more
Blackstone REIT Bags 1,750-Unit Multifamily Portfolio in Phoenix for $311M
Blackstone Real Estate Investment Trust Inc. acquired a portfolio of six metro Phoenix apartment communities totaling 1,751 units from a… Read more
KDC, Weitz JV Plans 400K-SF Tempe Waterfront
Dallas-based KDC formed a JV with Des Moines, IA-based The Weitz Company to develop Tempe Waterfront in Tempe, AZ. The… Read more
TruAmerica, Oaktree JV Acquire MF’s for $142M
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the… Read more
Phoenix’s Chase Tower Divested for $80M
Chase Tower, a 40-story office building in Phoenix, was acquired by a joint venture formed by Phoenix-based Wentworth Property Co.… Read more
Active Markets for Student Housing Development
While student housing developers continue to, well, develop, they are more focused on the sure thing; areas consisting of larger… Read more
NorthMarq Capital Secures $38.5M for Tempe, AZ Asset
NorthMarq Capital arranged $38.5 million in financing for Birmingham, AL-based Harbert Management Corporation (HMC) and San Diego-based Cypress Office Properties,… Read more
Lincoln, Goldman Sachs Break Ground on 350K-SF Tempe Spec Office
Lincoln Property Company (LPC), Goldman Sachs and City of Tempe Mayor Mark Mitchell broke ground on the second Class A office building… Read more
Nevada Developer Breaks Ground on Tempe, AZ Hotel
Las Vegas-based CAI Investments broke ground on The Westin Tempe in the heart of Downtown Tempe, AZ on Seventh Street between… Read more
600-Unit Tucson Student Housing Community Acquired
Hunt Mortgage Group provided a $19.1-million, first mortgage, bridge loan to finance the acquisition of The Ledges at West Campus,… Read more
CBRE Negotiates 45K-SF Lease at Tempe’s The Circuit
On Q Financial signed a 44,603-square-foot lease at The Circuit in Tempe, AZ. The online provider of mortgage tools for… Read more
$86M Financing for Arizona Office, Industrial Portfolio
Bethesda, MD-based Walker & Dunlop, Inc. structured three loans totaling $85.95 million for a four-property portfolio consisting of two Class… Read more
Transwestern, JDM Close $928M Sale-Leaseback with State Farm in Tempe
Corporate Properties Trust III LP, a partnership between Transwestern Investment Group (TIG) and JDM Partners LLC, closed on the acquisition… Read more
Dwindling Availabilities Push Expansion into Downtowns, Tech-Adjacent Submarkets
The willingness of tech companies to pay a premium for office space in the hottest tech submarkets is spilling over… Read more