News - Phoenix

  • Phoenix Ritz-Carlton Hotel and Residences Lands $282M

    HFF arranged a $210 million senior land and construction loan with Bank of the Ozarks, as well as $72 million in mezzanine financing with Starwood Property Trust Inc.

    12 October 2017 12:50
  • Hines to Renovate Phoenix Office Campus

    The company plans to invest up to $1 million to upgrade the exterior of 24th at Camelback, a 627,000-square-foot office complex. The refurbishment is scheduled for completion by the end of the year.

    11 October 2017 16:09
  • Piper Jaffray Renews Lease, Relocates to AZ Camelback Esplanade

    Lee & Associates brokered the 3,900-square-foot renewal, relocation and expansion for the lessee. CBRE worked on behalf of LBA Realty, the landlord.

    11 October 2017 15:52
  • Phoenix Industrial Asset Trades for $7M

    The 86,000-square-foot distribution building is situated near Interstate-10 and Route 202. Axus Technologies occupies 23,000 square feet at the facility.

    11 October 2017 15:39
  • Xenia Invests $305M in 2 AZ Hotels

    The company purchased the 493-key Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch in Scottsdale, Ariz., as well as the 119-key Royal Palms Resort & Spa in Phoenix. Both hotels will continue to be managed by Hyatt.

    06 October 2017 14:24
  • ORION Facilitates Phoenix Retail Center Sale

    Paragon Southern Plaza LLC sold the 16,980-square-foot property for $1.8 million. Southern 19 Plaza is located in a strong trade area near a major artery in the city.

    06 October 2017 11:39
  • Phoenix: Maintaining Momentum in the Desert

    The metro is outpacing the country in job creation and population growth, drawing multifamily developers and investors looking for opportunities in second-tier markets.

    02 October 2017 13:21
  • Hines Breaks Ground on Phoenix Office Building

    Stantec will locate its Southwest regional headquarters at the Offices at Chandler Viridian, planned to become the tallest multi-tenant office building in the city.

    28 September 2017 17:13
  • CapRock Buys Phoenix Facility for $8M

    The company acquired an industrial property in an off-market transaction, with plans to transition the asset to Class A standards.

    28 September 2017 12:58
  • JLL Brings Phoenix Center to Full Occupancy

    The strip center known as Hurley Plaza is 100 percent leased, with four new businesses joining the tenant roster in a high-traffic area.

    27 September 2017 16:06
  • Demand on the Rise in Phoenix

    At midyear, Phoenix’s office inventory totaled 108 million square feet. Transaction volume for the 12 months ending in July totaled $1.2 billion, corresponding to the more than 11 million square feet that changed ownership.

    21 September 2017 12:27
  • Meridian Buys AZ Medical Center for $5M

    The historic Lois Grunow Memorial Clinic in Phoenix traded for $5 million in a deal brokered by Avison Young. Meridian plans to re-tenant the property and make it ADA-compliant.

    18 September 2017 14:38
  • Aerospace Manufacturer Inks 103 KSF Lease in Arizona

    The deal is the latest in tech manufacturing companies expanding in metro Phoenix and infill locations and broadens Modern Industries’ reach in the area.

    15 September 2017 11:26
  • JLL Closes $24M Phoenix Industrial Deal

    The company represented The Hewson Co. in the sale of a 266,607-square-foot industrial portfolio. The properties are located in Scottsdale and Tempe, Ariz.

    12 September 2017 16:17
  • Phoenix-Area Self-Storage Assets Find Out-of-State Owner

    Marcus & Millichap's The Mele Group arranged the sale of a 608-unit self-storage portfolio, offering 86,963 square feet of rentable space. The two facilities offer value-add opportunities.

    05 September 2017 15:23