Tempe
Minneapolis Industrial Investor Meritex Closes Fund IV After Reaching $100M Target
Minneapolis-based industrial investment firm Meritex has closed the commitment period for Meritex Industrial Fund IV with the fund achieving its… Read more
Phoenix Famed Biltmore Commerce Center Acquired by George Oliver
George Oliver has put his stamp on a number of posh Phoenix-area addresses, taking over projects such as the Arbor… Read more
Tempe Okays New Hines Office Development
The Tempe City Council recently approved The 250 Rio development, which will include 216,000 square feet of high-end offices and… Read more
Tempe Multifamily Community Attracts $96 Million Purchase Price
The 171-unit Hudson-on-Farmer is within the tree-lined Mill Avenue District, which places it near Arizona State University and an array… Read more
Tempe Townhome Rental Building Acquired for $13.1 Million
The 18-unit, Farmer Avenue Lofts townhome property was acquired by Blueprint Capital. Built in 2008, the buyers paid $728,000 per… Read more
ABI Brokers 240-unit Apartment Sale Near Phoenix
The 240-unit community sold for $75 million, or $312,500 per unit. The Sanctuary on Broadway, in Tempe, was built in… Read more
Seattle’s Blueprint Capital Buys 18-Unit Townhome in Arizona
CBRE has secured the $13 million purchase of Farmer Avenue Lofts, an 18-unit multifamily complex in Tempe, AZ. Brian Smuckler,… Read more
WIS International Gets New Headquarters at Crown Centre
WIS, a global inventory and data collection services companies, has moved into a new 70,996 square foot office at Crown… Read more
NewPoint Provides $158M Refi on Phoenix-Area Portfolio
NewPoint Real Estate Capital LLC has provided $157,920,000 in Freddie Mac loans on behalf of Bard Investment Company for the refinancing… Read more
L.A.-Based Decron Closes First of Two Phoenix Deals for $108M
Decron Properties has acquired Ascent at Papago Park, a 270-unit garden style multifamily asset in Phoenix for $107.8 million. The… Read more
Student Housing Interiors Near ASU Complete
A student housing project near Arizona State University in Tempe, Ariz., has completed a major step: interiors. Chicago-based Mary Cook… Read more
New Bistro Coming Along Shores of Tempe’s Lake
Tempe’s “lake” is technically a fishing reservoir with residential communities nearby, but let’s not get bogged down in semantics. No… Read more
Safehold Adds Student Housing in Tempe, Ariz.
Safehold Inc. is closing on its third ground lease in the Phoenix area for $54 million. The ground-lease is tied… Read more
Bascom Targets $500M of Multifamily Acquisitions, via Discretionary Fund
The Bascom Group, LLC, has closed its fifth fully discretionary multifamily real estate investment fund, raising equity commitments to $150… Read more
All Phoenix Submarkets Stay Hot Due to Robust Market Fundamentals
Seven multifamily properties totaling 285 units in the Greater Phoenix area recently sold in separate transactions for $64 million. The… Read more
BKM Logs 25th Acquisition in Phoenix Metro
Newport Beach-based BKM Capital Partners recently acquired Scottsdale Commerce Center, a four-building multi-tenant light industrial business park totaling 85,362 square… Read more
Mark Acquisition Provides Return of 195% or 95% Profit
The Mark, an off-campus student housing community at 1115 E. Lemon St. in Tempe, has been sold to a San… Read more
Offices at Chandler Viridian is Macquarie’s Second Phoenix Buy in Four Months
Macquarie Asset Management completed the purchase of the Offices at Chandler Viridian, a newly built six-story class-A office building in… Read more
Phoenix Growth Prospects Allow Intercontinental to Expand its Presence
Intercontinental Real Estate Corporation recently acquired Garden Grove Apartments, a 376-unit garden-style apartment complex in Tempe for $126 million. The… Read more