Phoenix
Gelt Buys Tempe M-F Complex for $15M; IHG Opens Holiday Inn Express in Scottsdale
In a $15 million deal, Gelt Inc., has purchased Versante Apartments, a 240-unit multi-family complex in Tempe. The Tarzana, Calif.-based company made the value-add transaction with Prudential Real Estate Investors.
Plaza Cos. Plans Fall Start for SkySong’s 3rd Office Building
Plaza Cos. plans to break ground this fall on the third office building at SkySong -The ASU Scottsdale Innovation Center. To be located at 1475 North Scottsdale Road, near the 42-acre mixed-use development’s signature shade structure
Hines Picks Up Vacant 175 KSF Office Building in Metro Phoenix
Hines has just increased its ownership footprint in metropolitan Phoenix with the acquisition of Kierland One, a 175,400-square-foot office building in Scottsdale.
Inland American Pays $103M for Student Housing Project in Tempe
One of Phoenix’s hottest property types, student housing, is on the rise thanks to constant demand and enrollment increases at Arizona universities.
Grand Canyon U. Picks DMB Site in Mesa for New Campus
Grand Canyon University will locate its second East Valley campus at Eastmark, a 3,200-acre master-planned community being developed by DMB Associates in Mesa. GCU will purchase 100 acres, with an option to buy 60 additional acres. “In selecting the Eastmark site, we were especially impressed with the integrated community concept […]
Allred Starts Office Building No. 6 at Chandler Mixed-Use Development
Douglas Allred Co. has broken ground on the sixth speculative office building at Allred Park Place, its master-planned mixed-use development in Chandler.
$350M Phoenix-Area M-U Project to Combine Hotel, Office, Retail—Basketball?
A purpose-built entity of experienced players has been tapped as the developer of a $350 million mixed-use project on 10.5 acres of Arizona State University land adjacent to the school’s main campus in Tempe.
Nationwide Readies Fall Kickoff for 230-Acre Mixed-Use Project in Gilbert
Nationwide Realty Investors Ltd. plans to kick off construction this fall of one of the biggest mixed-use projects in the Gilbert area, a 230-acre development at Gilbert Rd. and the Loop 202 freeway.
Residential Housing Wraps 900-Bed Student Project In Tempe
Construction is wrapping up on a new multifamily complex that will serve Arizona State University in Tempe.
Alliance Residential Grabs High-End Chandler M-F Asset for $37.5M
In a $37.5 million deal, Phoenix-based Alliance Residential Co. has acquired Villa Pallavicini, a 290-unit high-end rental apartment community located about two miles north of Chandler’s Price Corridor. The sales price equates to $129,310 per unit.