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Glimcher, Crescent Communities Announce Plans for Luxury Apartments at...
Glimcher Realty Trust and Crescent Communities announced plans to add a 275-unit, luxury apartment community to Scottsdale Quarter in Scottsdale. Located on the NEC of the property along...
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Ryan Companies US To Build 126,000 SF Manufacturing, Industrial Building In...
Posted by: Peter Madrid A 126,000 SF industrial building designed for manufacturing and warehousing operations, known as EastGroup @ Chandler Freeways, is set for completion in 4Q 2013 adjacent to the...
View ArticleBillions Pour into Healthcare REITs
By Murray W. Wolf | Phoenix SCOTTSDALE, AZ-It looks as if the good run for healthcare-focused real estate investment trusts is not coming to an end anytime soon. As of April 12, all of the US equity...
View ArticleThe latest population figures from the U.S. Census Bureau
The Monday Morning Quarterback A quick analysis of important economic data released over the last week Arizona Snapshot: The latest population figures from the U.S. Census Bureau show that Arizona and...
View ArticlePhoenix home prices jump 22.5 percent over past year
By: Christopher S. Rugaber Associated Press WASHINGTON — Phoenix home prices surged 22.5 percent over the past 12 months – more than twice the national average, a report released Tuesday indicates....
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Avnet warehouse in Chandler sells for $32.5 million
Kristena Hansen Reporter- Phoenix Business Journal A California real estate investment trust has purchased a 222,000-square-foot Avnet Inc. warehouse building in south Chandler for $32.5 million,...
View ArticleThere’s an Avalanche of CMBS Loans Maturing
By: Ann Hambly The first preferable thing to do when your loan matures is to pay it off, of course. If your CMBS loan matures in 2013 or 2014, your loan has probably been amortizing for the last eight...
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US Airways headquarters building sold in Tempe for $42 million
Kristena Hansen: Reporter- Phoenix Business Journal Here’s an interesting deal that recently went down but flew under the radar: The US Airways headquarters building in Tempe was sold to new majority...
View ArticleWhitestone REIT purchases Mercado at Scottsdale for $21M
Kristena Hansen Reporter- Phoenix Business Journal Houston-based Whitestone REIT (NYSE: WSR) continued its buying spree of metro Phoenix real estate with the recent $21.3 million purchase of an AJ’s...
View ArticleCamelbank Asset Trades in $15M Off-Market Sale
By:Sule Aygoren | Phoenix PHOENIX—Some $14.9 million has flipped the Camelback Community Bank Building here into the portfolio of locally based Fountainhead Equity Partners LLC. Cushman & Wakefield...
View ArticleCrow Holdings Breaks Record with 253-Unit Buy
By: Amy Wolff Sorter | Phoenix PHOENIX-Business Real Estate News of Arizona reports that Crow Holdings, headquartered in Dallas, acquired the 253-unit Pavilions on Central apartments from Pavilions...
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Regency Ends 10-Year Hold With Sale
By: Amy Wolff Sorter – Phoenix Anthem Marketplace ANTHEM, AZ-UPDATE-Regency Centers, a REIT headquartered in Jacksonville, FL, ended its decade-long hold of the 113,293-square-foot Anthem Marketplace,...
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Cohen Pays $34M For 752,000-SF Plant and 100 Acres in Goodyear,AZ
By: Amy Wolff Sorter | Phoenix GOODYEAR, AZ-Business Real Estate Weekly of Arizona reports that Cohen Asset Management Inc. has acquired a 150-acre, 752,000-square-foot asset that was once the...
View ArticleMetro Phoenix Retail Continues A Slow, Steady Rebound
By: Dave Cheatham With the close of 2Q 2013, Velocity Retail’s research has confirmed what we have been speculating: the retail market in Phoenix is on the rebound with several key benchmarks...
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Amazon to hire hundreds in Phoenix as part of larger hiring spree
Hayley Ringle:Reporter-Phoenix Business Journal Seattle-based Amazon.com (Nasdaq: AMZN) is creating hundreds of jobs in Phoenix as part of a larger move to hire more than 5,000 new people in 17 U.S....
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Top Buyers and Sellers of Multi-Family 2013
By:Lindsay Machak – MULTIFAMILY EXECUTIVE Sales of apartment properties were booming in the first half of the year, totaling about $48.1 billion, according to data provided by Real Capital Analytics....
View ArticleVermaland LLC Acquires 4,000 Acres
By: Amy Wolff Sorter | Phoenix CASA GRANDE, AZ-Vermaland LLC, a land banking and development company in Phoenix, has acquired 4,000 acres in La Osa Ranch. The Phoenix based buyer had closed on 4,000...
View ArticleHines, PCCP Acquire Kierland One
By: Amy Wolff Sorter| Phoenix SCOTTSDALE, AZ-Hines of Houston has teamed with PCCP LLC to acquire Kierland One, a class A, 175-441-square-foot office building in the North Scottsdale Airpark submarket...
View ArticlePrologis Sells 308,000 SF to DCT Industrial Trust
By: Amy Wolff Sorter| Phoenix TEMPE, AZ-Two industrial powerhouses traded the 308,038-square-foot Broadway Industrial Portfolio, consisting of three class A buildings. When the dust settled, seller...
View ArticleColony American Closes on $500M Credit Facility
By: Amy Wolff Sorter| Phoenix SCOTTSDALE, AZ-Colony American Homes, which buys and manages single-family homes for rent, has closed on a $500 million credit facility with JP Morgan. The facility also...
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