Tempe
Tempe Expands Boundaries for the First Time in a Decade
Marking the first time Tempe has expanded its boundaries in more than a decade, L.A.-based Banyan Residential has begun construction… Read more
COTE Top 10 Awards Recognize Designs That Advance Climate Action
The American Institute of Architects (AIA) Committee on the Environment (COTE) is awarding 10 design projects with its highest honor,… Read more
Erickson Companies Taps Into Chandler/Roseville Fervor
Erickson Companies recently acquired a multi-state portfolio from an undisclosed seller for $26.25 million. The industrial properties consist of a… Read more
George Oliver Unveils Plans for Next Office Campus
Phoenix-based developer George Oliver recently unveiled plans for its next Arizona experiential office transformation: the five-building Hayden Station mixed-use office… Read more
The Porter Sells for $32M to Buyer Planning Upgrades
With population growth continuing in the Phoenix metro, multifamily demand and rents are following suit. One example of that type… Read more
Last-Mile Distribution Center Fetches High PSF Price
Investors are bullish on growth markets and a last-mile distribution center in Tempe is proof of that. The 145,872-square-foot facility… Read more
Luby’s Completes Sale of Nine Fuddruckers
Luby’s Inc. completed the sale and franchising of its previously owned Fuddruckers store located on Town and Country Way in… Read more
South Tempe Industrial Gets High Marks in Off-Market Sale
Elliot Park 10, a 95,300-square-foot multi-tenant industrial asset in Tempe, was recently purchased in an off-market transaction for $10.5 million.… Read more
Despite Caution, Financing is Doable on Office
Highland Realty Capital recently secured a $10 million fixed-rate loan to refinance the 135,000-square-foot Mill Avenue Business Park in Tempe.… Read more
Investcorp Buys Tempe Commerce Park for $85M
A recent light industrial transaction demonstrates the strength of BKM Capital Partner’s investment thesis, operating platform and commitment to generating… Read more
Phoenix Multifamily Asset Has a Compelling Loan Basis
A Phoenix multifamily property was delivered in May 2020 and, despite the pandemic, was leased to stabilization in just eight… Read more
Low-Density Layout is a Key Selling Point for The Tides on 5th
A multifamily community designed with a low-density site layout, including single-level and townhome apartment homes, was a selling point in… Read more
Phoenix Multifamily Investment Activity Turned Around in Q3, Q4
In fourth-quarter 2020, Steve Gebing and Cliff David closed multifamily sales in Arizona and Utah valued at $916 million, according… Read more
Loan Reflects Recent Demand Surge in Tempe SW Industrial
A recent demand surge has overtaken the Tempe Southwest industrial submarket, with little new supply expected to enter the market.… Read more
Owner Upgrades Prove Beneficial in Sale
Ownership of Sanctuary on Broadway, a 240-unit multifamily apartment property located in Tempe, AZ, recently completed redevelopment of the leasing… Read more
Toll Brothers, Harrison Street Form JV on Tempe Student Housing Development
Fort Washington, PA-based Toll Brothers, Inc. formed a JV with Chicago-based Harrison Street to develop Canvas, a 263-unit, 826-bed luxury… Read more
Ascentris, Cypress Claim Novus Innovation Corridor Tower
Denver-based Ascentris, in partnership with San Diego-based Cypress Office Properties, LLC, acquired 777 Tower at Novus in Tempe. The six-story… Read more
PennyMac Establishes Phoenix Office Presence with Full-Building Lease
PennyMac, the fourth largest lender in the U.S., signed a 74,625-square-foot lease at 3201 E. Elwood St. in Phoenix. The… Read more
$192M ASU Sustainability Research Facility Hits Construction Milestone
Arizona State University’s new $192-million Interdisciplinary Science and Technology Building 7 (ISTB7) reached a key construction milestone and has topped… Read more