UR Investments bought 19.32 acres of land in Paradise Valley for $20,000,000, according to the commercial real estate tracking website Vizzda. The price breaks down to $1,035,196.69 per acre. The…
In the past nine days, Rise48 Equity has acquired $73,875,000 worth of new apartment communities in Phoenix, Arizona. Brookside Apartments is a $41,600,000, 204-unit multifamily apartment property located in South…
It’s one of the Valley’s most iconic addresses, drawing the likes of John Wayne, Clark Gable and over 10,000 annual visitors. And it now has new ownership committed to preserving…
Lincoln Ventures bought a .63-acre parcel of land in Downtown Phoenix for $5,380,000, according to the commercial real estate tracking website Vizzda. The sellers were Wayne Rainey and Jason Merck.…
Lease rates for industrial space in June were 4.2% higher year-over-year (Y-o-Y), averaging $6.64 per square foot, according to the monthly national industrial report from CommercialEdge. And, with West Coast port…
Newmark Knight Frank announced it has negotiated approximately 100,033 square feet in leases in the Camelback Corridor in the 1st and 2nd quarter of 2021 as office activity ramps up…
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Elevation Chandler, a boutique, 163-unit apartment complex in Chandler, Arizona. The property traded for $56.15…
The pandemic’s impact on the Greater Phoenix office market appears to have passed its peak with the market stabilizing in second quarter, according to a report from Colliers. Sublease space…
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Parc Roundtree Ranch, a 275-unit, newly constructed multifamily asset in Peoria, Arizona. The property sold for $88.8 million, or…
The market for large acreage transitional/industrial property is alive and well in Western Maricopa County. Trey Champie with Headquarters West, Ltd. closed the sale of about 1,425 contiguous acres at…
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., announced the $32,275,000 / $200,466 Per Unit / $304.68 Per SF sale of City 15 Apartments,…
The city of Goodyear welcomes a new Class A office project underway as of June 2021. Faith, Ledyard, & Faith, PLC (FLF), established in 1979 and the largest full-service law…
