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• Macy’s to Open Two New Phoenix-Area Stores
5/16/08
Phoenix-area residents will soon find it easier it much easier to shop at Macy’s, as the big department store chain has plans in motion for the opening of new stores at two major regional shopping centers within the Metro Pho...
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• Holliday Fenoglio Fowler Arranges $24.7 Mil for Phoenix Multifamily Project
5/13/08
West Town Court, a planned 274-unit multifamily development in Phoenix, is expected to get underway after receiving $24.7 mil in construction money in a financing deal arranged by Holliday Fenoglio Fowler. Estimated for compl...
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• Tucson Biz Park Sells for $6 Mil
5/08/08
A 73.9k sf multi-tenant business park in Tucson, AZ was acquired by Phoenix-based Presson Corporation in a $5.9 mil ($80/sf). The property, Midpoint Plaza, is located next to the Davis-Monthan Air Force Base at 1801 S. Alvern...
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• HG Capital and Newport Real Estate Services Acquire Phoenix Industrial Portfolio
5/07/08
HG Capital LLC and Newport Real Estate Services Inc have joined forces in an industrial value-add venture in Phoenix. The partnership acquired a portfolio of 11 buildings, totaling 375k sf, which they intend to renovate and t...
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• Southwest Pro Moves
5/05/08
Carl K. Johnson and Benjamin L. Johnson joined the Phoenix office of DAUM Commercial Real Estate Services, where the father and son team will continue to handle real estate transactions in the West Valley and the Sky Harbor I...
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• Colorado Multifamily Sales Review
5/02/08
Interested in multifamily sales comps from Colorado? We’ve got three recent transactions in the $2 mil - $3 mil range to let you know about.
In the largest of the three deals, the 41-unit Lampliter apartment community sold f...
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• Opus West Named Developer of the Year, Again
4/30/08
For the twelfth time in 16 years, Opus West Corporation has been named Developer of the Year by the National Association of Industrial and Office Properties (NAIOP) – Arizona Chapter. Along with the Developer of the Year hono...
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• Reno Building Goes Live with Regus
4/25/08
The Regus Group, one of the country’s leading executive suite operators, has inked a lease for 14.9k sf of space in Reno, at 200 S. Virginia St. Owned by Petaluma-based Basin Street Properties, the 120k sf office complex is l...
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• Phoenix Apartment Acquisition is Angel-ic
4/16/08
A Colorado-based investor picked up a pair of Phoenix apartment properties for a combined $1.66 mil price tag. The properties – the 18-unit Brill Square and the 14-unit Angel communities – have a total of 32 units.
Brill Squ...
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• Fourth Phase of Henderson Biz Park Available for Sale
4/11/08
The fourth and final phase of Pacific Business Center, a 13-building, 898.4k sf business park in Henderson, NV, has been completed and is currently being marketed for sale. The project is located on American Pacific Dr, near ...
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• Vegas Big-Box Center Opens to Big Expectations
3/31/08
A new 950k sf big-box retail center located off I-215 in Las Vegas just opened to the public with a wide-ranging combination of big-box retailers, major anchors, multi-tenant sites and stand-alone restaurants. The project, Th...
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• ClubCorp Takes a Swing at Gilbert, AZ Golf Course
3/18/08
In recent deal news from Phoenix, Armor Designs, an international developer of state-of-the-art armor technologies and products, agreed to a five-year, $2.7 mil lease for a 71.3k sf ($0.63/sf/mo) industrial facility at 4645 S...
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• Tustin Buyer Picks Up Lone Cactus
3/12/08
The Villas at Lone Cactus, a 96-unit apartment community located at 21220 North 23rd Ave in Phoenix, was acquired by a California limited partnership for $9.6 mil ($100k/unit). Built in 2004, Villas at Lone Cactus is compris...
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• Newmark Realty Cap Arranges $3.8 Mil for AZ Shopping Center
3/10/08
Newmark Realty Capital Inc has arranged $3.8 mil in permanent financing for a 110.4k sf grocery-anchored shopping center located along the east side of Highway 260 (White Mountain Blvd) at Yeager Lane in Pinetop-Lakeside, an ...
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• Buchanan Street Partners and Biltmore Holdings Close Five-Property AZ Buy
2/27/08
A venture of Buchanan Street Partners and Phoenix-based Biltmore Holdings acquired a five-property, institutional-quality portfolio totaling 515.8k sf in the Tempe/Chandler submarket of Phoenix. The transaction funding includ...
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• HFF Locks Up $28 Mil for Phoenix Multifamily Development
2/19/08
The San Diego office of Holliday Fenoglio Fowler (HFF) secured a $27.75 mil construction-perm loan for Central & Bell, a 228-unit multifamily development in North Phoenix, AZ. The project is situated on a nearly 10-acre site ...
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• AZ Retail Sellers Sharpen Their Listings with REZA
2/14/08
REZA Investment Group, the OC-based retail investment firm led by Reza Etedali, recently listed two notable centers in the Arizona communities of Sahuarita and Prescott. In Sahuarita, a town situated roughly 15 miles south of...
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• H Mart to Take Over Asia Town Center
2/06/08
A new Las Vegas retail center aimed at the city’s rapidly growing Asian population is set to break ground in spring of 2008 with an anchor tenant already in tow. Asian Grocer H Mart has agreed to a deal for a 50k sf store at ...
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• New Mesa Industrial Project Underway
1/22/08
Construction of a new 125k sf industrial property in Mesa, AZ is being financed with $10.8 mil provided by Wrightwood Capital. The property, called Pecos Gateway, is located between Ellsworth Rd and Sossaman Rd, approximately...
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• Inland Western Woos Juliet in Retail Joint Venture
1/17/08
In big news from the retail front, Inland Western Retail Real Estate Trust Inc and the Juliet Companies have joined forces in a strategic $500 mil joint venture to develop multi-tenant retail properties located in major MSAs ...
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