Finance - Phoenix
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Phoenix’s Biltmore Center Sells in Landmark Deal
The $212 million deal marks the largest multi-tenant office sale of the past 12 months and the fourth-largest in the metro's history.
07 January 2020 12:07 -
Trammell Crow Breaks Ground in Scottsdale
With construction financing from Western Alliance Bank, Axis Raintree marks the first Class A office project to be constructed in the northern part of the city since 2015.
18 December 2019 14:41 -
Ryan Cos. Gets $55M for Phoenix Office Asset
The LEED Gold building in the Camelback Corridor sold for a record $306 per square foot.
19 November 2019 13:57 -
Talonvest Arranges $23M for Arizona Storage Projects
1784 Capital Holdings received the financing for two properties located in Scottsdale and Tucson.
01 November 2019 19:08 -
Arizona’s 2nd-Tallest Building Commands $93M
The JV that acquired the 31-story Phoenix office asset is set to invest $15 million in upgrades.
28 August 2019 11:38 -
CAI Investments Secures $87M for Arizona Hotel
The 18-story, 290-key Westin in downtown Tempe is slated to open in the second quarter of 2021.
23 August 2019 12:11 -
Hammes Partners Pays $409 Per SQFT for AZ Medical Building
Spectrum Medical Commons, developed by Irgens in 2017, is adjacent to Mercy Gilbert Medical Center. JLL brokered the $17.8 million transaction.
28 June 2019 19:21 -
Exeter Property Group Buys Phoenix Industrial Asset
The company acquired a 123,754 square-foot warehouse in the Southwest Valley submarket. DAUM Commercial represented both buyer and seller in the off-market transaction.
17 June 2019 14:17 -
FCP Sponsors $12M Opportunity Zone Industrial Deal
Baker Development Corp. will build the 325,000-square-foot property in the Phoenix suburb of Goodyear. Fintech platform EquityMultiple raised $2.4 million from its accredited investors for the transaction.
06 June 2019 13:03 -
Fenway Capital, Iron Point Buy $25M Phoenix Office Property
The new owners are set to invest more than $7 million in capital and tenant improvements. CBRE's Capital Markets secured an acquisition loan through CapitalSource.
08 October 2018 12:25 -
George Smith Partners Assembles $106M for Spec Project in Phoenix
The 250,000-square-foot Class A office tower, along with 44,000 square feet of lifestyle retail, is part of The Watermark Tempe, a mixed-use project that Fenix Development is undertaking in Tempe, Ariz.
01 October 2018 12:38 -
HALL Structured Finance Arranges Loan for AZ Hotel Redevelopment
The owner is set to transform the 32-key CopperWynd Resort into a 177-key luxury hotel that will operate under the Marriott Autograph Collection flag.
14 September 2018 10:57 -
Westwood Financial Acquires AZ, GA Retail Centers
In a deal totaling $66.2 million, the company bought Boardwalk at Andersen Springs in Chandler, Ariz., and Decatur Crossing in Decatur, Ga. HFF arranged the financing for both purchases.
22 May 2018 12:17 -
Scottsdale Plaza Resort in AZ Receives $64M Refinancing
The property’s owners will use the proceeds to retire an existing $57.2 million CMBS loan from JPMorgan Chase, which they secured in 2006.
04 May 2018 17:25 -
Hunt Mortgage Group Names New VP
With more than 15 years of industry experience, Anthony Valenzuela—specializing in Fannie Mae and Freddie Mac loans—will work from the firm’s Phoenix office.
10 April 2018 13:28