Phoenix
ORION Arranges Phoenix Retail Acquisition
The fully occupied property last traded in 2014. The asset serves four major neighborhoods and sees an average annual daily traffic count of roughly 24,000 vehicles.
Fenway Capital, Iron Point Buy $25M Phoenix Office Property
The new owners are set to invest more than $7 million in capital and tenant improvements. CBRE’s Capital Markets secured an acquisition loan through CapitalSource.
Liberty Property Trust Sells Phoenix Office Portfolio for $255M
CBRE represented the REIT in the sale of five buildings totaling 806,000 square feet, one of the metro’s largest office transactions on record.
George Smith Partners Assembles $106M for Spec Project in Phoenix
The 250,000-square-foot Class A office tower, along with 44,000 square feet of lifestyle retail, is part of The Watermark Tempe, a mixed-use project that Fenix Development is undertaking in Tempe, Ariz.
Amazon-Leased Distribution Center Commands $98M
The Koll Co. and Seera Investment Bank B.S.C. sold the 1 million-square-foot distribution center in Phoenix, two years after acquiring the property for $74.8 million.
The Mele Group Brokers Sale of Phoenix-Area Storage Facility
The Tampa-based team facilitated the sale of a newly built asset in Mesa, Ariz. The transaction marks the team’s 33rd self-storage deal this year.
Hines Re-Certifies LEED Platinum Asset
The office property is the only one in Arizona to earn the top rating for existing building operations.
HALL Structured Finance Arranges Loan for AZ Hotel Redevelopment
The owner is set to transform the 32-key CopperWynd Resort into a 177-key luxury hotel that will operate under the Marriott Autograph Collection flag.
RHG, Aspect Acquire 4-Property Hotel Portfolio
This deal represents an expansion of ownership and management into three new markets. The assets total more than 450 keys and are under the Hilton, Hampton, Hyatt and Aloft brands.
JV Acquires 1 MSF Data Center Portfolio
Lincoln Rackhouse and Principal Real Estate Investors purchased three facilities in Dallas, Phoenix and Kansas City. The partners also signed INAP to a master lease at the Arizona asset.