Phoenix
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.
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.