Phoenix
Freeport-McMoRan Center Receives TOBY Award; MIG Picks Up Class A Office Building
Freeport-McMoRan Center, a 26-story mixed-use building in the heart of downtown Phoenix managed by Transwestern, received The Outstanding Building of the Year (TOBY) Award for 2013 from the Building Owners and Managers Association (BOMA), Greater Phoenix chapter.
Mark-Taylor Breaks Ground on Gilbert M-F Community; Crescent Kicks Off $61M M-F Project in Scottsdale
Mark-Taylor, Inc. recently broke ground on San Privada, a 296-unit luxury rental community in Gilbert.
Apple Acquires 1.3 MSF Manufacturing Facility in Mesa for Supplier
In a $113.57 million deal, Apple Inc. has purchased a brand-new, 1.3 million-square-foot industrial property on an 83-acre site in Mesa, the Phoenix Business Journal reported.
Buchanan Street Buys $52.6M Portfolio; Hines’ Camelback II Earns State’s 1st LEED Platinum for Existing Buildings
In a $52.6 million deal, Buchanan Street Partners has acquired a 10-building portfolio totaling 446,000 square feet in metropolitan Phoenix from Carlson Real Estate Co. The sale price equates to $118 per square foot.
Alliance Plans 316-Unit M-F Project in Scottsdale; Bridge Investment Group Pays $38M for Mesa M-F
Alliance Residential acquired a 5.4-acre multi-family development tract at 75th Street and Stetson Drive in Downtown Scottsdale with plans to break ground on an upscale apartment project later this year.
Diversified International, Alliance Residential Buy Tempe M-F Asset for $15M
In a $15 million deal, San Diego, California-based Stratford Partners and Pathfinder Partners sold Dorsey Place, an 84-unit, condominium-style apartment building in Tempe, to a joint venture between Diversified International Partners and Alliance Residential of Phoenix.
Liberty Acquires 2 Tempe Industrial Buildings as Part of $1.5B National Deal
Liberty Property Trust acquired two industrial buildings in Tempe as part of a larger deal that added 177 properties to the company’s national portfolio and expanded its industrial platform by approximately 23 million square feet.
Sentinel Buys Luxury M-F in Scottsdale for $58M; Fountain Hills Plaza Commands $21M
In a $57.75 million deal, New York City-based Sentinel Real Estate Corporation purchased The Paragon at Kierland, a 276-unit, Class A luxury apartment complex located on the Westin Kierland Golf Course in Scottsdale, from Sunstone Realty Advisors of Vancouver, Canada.
DMB Sells Tempe’s Centerpoint on Mill for $38M; Wood Partners to Build Luxury M-F Complex in Scottsdale
In a $38.35 million deal, Scottsdale-based DMB, Inc. sold Centerpoint on Mill, a 127,027 square-foot commercial property in the heart of downtown Tempe,
Cole Acquires $56M Office Portfolio; Walton Street, Everest Holdings Pay $24M for Tempe Office Building
In a $23.5 million deal, a joint venture of Chicago-based Walton Street Capital L.L.C. and Scottsdale-based Everest Holdings has acquired Elliot Corporate Center, a 223,392-square-foot Class B office building in Tempe.