Phoenix
Transwestern, JDM Partners Buy 2 MSF Tempe Office
The partnership acquired the five-building Marina Heights campus from State Farm Automobile Insurance Co. in a sale-leaseback deal valued at $928 million, which could mark the largest-ever CRE sale in metro Phoenix.
ORION Facilitates Phoenix Office Property Sale
The seller, Republic West Remodeling, will continue to occupy part of the building, while the remaining space will be leased out to a new tenant.
Waste Management Relocates Phoenix Branch
The environmental services firm will move its local branch to Union Hills Office Plaza by the end of the year. Waste Management selected Perkins+Will to design its new location.
Hospitality Ventures Completes Phoenix Hotel Renovation
The Embassy Suites by Hilton Phoenix North has opened its doors north of the city center, following extensive renovation work.
Lee & Associates Signs New Tenants at Phoenix Industrial Park
The Parc 17 property, consisting of three buildings, is located within a few minutes of several major routes, including Interstate 20 and Loop 202.
AC Marriott Hotel En Route in Downtown Phoenix
Following multiple renovations and additions to the iconic Arizona Center, Parallel Capital Partners have contracted a developer to build an AC Marriott Hotel at the mixed-use project.
LPC Buys Land for 900 KSF Phoenix Spec Project
The company plans to develop the first fully speculative industrial property in Phoenix which has 40-foot high clear ceilings. The property will be situated within a 350-acre master-planned project that will feature office, industrial and medical office space.
Lee & Associates Principal Receives SIOR Designation
McDougall has completed over 400 transactions in the Phoenix area, valued in excess of $100 million. He has over a decade of experience.
Hilton Opens Dual-Branded Hotel in Tempe, AZ
The 228-key property is situated along Route 101, close to the Arizona State University Research Park, which hosts companies such as Amazon, Digital Realty and GoDaddy.
Carter Validus Buys Two Data Centers for $34M
The company enlarged its data center portfolio with two assets, one in Tempe, Ariz. and another in King of Prussia, Pa. This year, the company invested over $1 billion in data center facilities.