News - Phoenix

  • Paradise Valley Buys Phoenix Retail Center for $11M

    The 54,430-square-foot Pueblo Point Shopping Center is situated in an infill location, with high barriers to entry for other potential retail developments. The area's demographics are favorable, with an average household income of more than $92,000 within a five-mile radius.

    11 December 2017 18:49
  • Transwestern, JDM Partners Buy 2 MSF Tempe Office

    The partnership acquired the five-building Marina Heights campus from State Farm Automobile Insurance Co. in a sale-leaseback deal valued at $928 million, which could mark the largest-ever CRE sale in metro Phoenix.

    11 December 2017 12:34
  • ORION Facilitates Phoenix Office Property Sale

    The seller, Republic West Remodeling, will continue to occupy part of the building, while the remaining space will be leased out to a new tenant.

    08 December 2017 18:53
  • Waste Management Relocates Phoenix Branch

    The environmental services firm will move its local branch to Union Hills Office Plaza by the end of the year. Waste Management selected Perkins+Will to design its new location.

    04 December 2017 19:59
  • Hospitality Ventures Completes Phoenix Hotel Renovation

    The Embassy Suites by Hilton Phoenix North has opened its doors north of the city center, following extensive renovation work.

    29 November 2017 15:50
  • Lee & Associates Signs New Tenants at Phoenix Industrial Park

    The Parc 17 property, consisting of three buildings, is located within a few minutes of several major routes, including Interstate 20 and Loop 202.

    28 November 2017 17:50
  • AC Marriott Hotel En Route in Downtown Phoenix

    Following multiple renovations and additions to the iconic Arizona Center, Parallel Capital Partners have contracted a developer to build an AC Marriott Hotel at the mixed-use project.

    23 November 2017 11:31
  • LPC Buys Land for 900 KSF Phoenix Spec Project

    The company plans to develop the first fully speculative industrial property in Phoenix which has 40-foot high clear ceilings. The property will be situated within a 350-acre master-planned project that will feature office, industrial and medical office space.

    20 November 2017 15:45
  • Lee & Associates Principal Receives SIOR Designation

    McDougall has completed over 400 transactions in the Phoenix area, valued in excess of $100 million. He has over a decade of experience.

    15 November 2017 12:10
  • Hilton Opens Dual-Branded Hotel in Tempe, AZ

    The 228-key property is situated along Route 101, close to the Arizona State University Research Park, which hosts companies such as Amazon, Digital Realty and GoDaddy.

    14 November 2017 15:52
  • Carter Validus Buys Two Data Centers for $34M

    The company enlarged its data center portfolio with two assets, one in Tempe, Ariz. and another in King of Prussia, Pa. This year, the company invested over $1 billion in data center facilities.

    02 November 2017 18:12
  • Harrison Development Buys AZ Distribution Center for $14M

    Central Arizona Distribution Center has 379,972 square feet available for leasing. The property is located near the interchange of I-8 and I-10, providing easy access to several major cities.

    01 November 2017 17:56
  • Stockdale Secures New Lease at Scottsdale Galleria

    Indeed Inc. is expanding its Phoenix-area footprint, having signed for 53,000 square feet at the LEED-certified office property. The building recently underwent a $7 million renovation.

    30 October 2017 10:50
  • Scottsdale Office Complex Trades for $53M

    Equus and iStar have acquired the asset with a $42.6 million loan provided by Mesa West Capital. The office building marks the joint venture’s second acquisition in Scottsdale.

    23 October 2017 15:52
  • Phoenix Industrial Asset Reaches Full Occupancy

    JLL signed new tenants InVue and Aquafil, bringing Colony NorthStar's industrial portfolio to full occupancy. The market's record-low vacancy and all-time high absorption rates made for an attractive investment opportunity.

    19 October 2017 17:22