Phoenix
Alberta Plans 187 M-F Units, Retail in Downtown Tempe
Greenwood Village, Colorado – based Alberta Development Partners has acquired a 1.86-acre land parcel on the northwest corner of University Drive and Ash Avenue within the Mill Avenue District of Downtown Tempe, where it plans to develop a mixed-use project.
Epoch To Make Phoenix Debut With $50M M-F Project; Jerry Simms Pays $45M for Scottsdale Retail Center
Winter Park, Florida-based Epoch Properties Inc. plans to break ground on a $50 million multi-family project that would bring up to 292 new apartments to downtown Phoenix.
KBP Realty Pays $8M for Deer Valley Flex Complex; Mark-Taylor Plans Upscale M-F Project in Scottsdale
In an $8.04 million deal, KBP Realty Advisors acquired Turner Spectrum Ridge, a 68,195-square-foot industrial flex property in Phoenix from Newport Beach, California-based Turner Real Estate Investments. The price translates to about $117.98 per square foot.
CSM to Reinvent Phoenix Office Building as Select-Service Hotel; W.P. Carey Pays $23M for Avnet HQ In Tempe
CSM Lodging, a division of CSM Corporation, plans to revamp the historic Professional Building – the former Valley Bank & Trust building – in downtown Phoenix, and turn it into a premium select-service hotel.
Younan Buys Class A Office Building for $7M; Hansji Urban to Start $80M Marriott Project
In a $7,1 million deal, Woodland Hills, California-based Younan Properties Inc. has acquired Black Canyon Corporate Center, a 94,203-square-foot office property in Phoenix, from REO Asset Manager, John Mitchell, of LNR Partners, as special servicer.
TDI Starts 332-Unit Luxury M-F Project at One Scottsdale
Irving-Texas – based TDI Real Estate Holdings LLC, a leader in the development of Class A multi-family housing, has broken ground on Jefferson on Legacy, a 322-unit luxury apartment community within the One Scottsdale mixed-use development.
Lowe JV Buys 2 Class A Office Buildings in Phoenix for $51M
Frequent partners Lowe Enterprises and J.P. Morgan Asset Management have joined forces on the acquisition of a two-building, 327,300-square-foot office portfolio in metropolitan Phoenix. The partnership acquired the Class A office properties from CJK Investments for an aggregate $51 million.
P. B. Bell Closes on Sites of Luxury M-F Projects in Phoenix, Scottsdale
The P. B. Bell Companies, a locally owned and operated real estate management and development firm, has announced plans to develop a 244-unit luxury multi-family community in the Valley.
Whitestone REIT Buys N. Scottsdale Community Center for $37M
In a $37.4 million deal, Whitestone REIT acquired Market Street at DC Ranch, a 241,280-square-foot mixed-use neighborhood center in North Scottsdale, from DMB.
Liberty Property Trust Breaks Ground on 1 MSF Tempe Business Park
Liberty Property Trust broke ground on Building One, the first of up to 11 planned buildings at Liberty Center at Rio Salado, a sustainable mixed-use business park under development in Tempe.