Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Remington Ranch, a 304-unit multifamily asset in the Phoenix metro area. The asset sold for $58.5…
An advantageous balance of moderate growth, low inflation, and falling long-term interest rates in the U.S. kept capitalization rates for commercial real estate assets broadly stable in the first half…
The Phoenix office of JLL has completed the sale of two medical office buildings owned by SKI Properties. Together, the buildings total 31,425 square feet and are 100 percent leased…
Nike Inc. paid $69.8 million to a joint venture consisting of Lincoln Property Co. and Goldman Sachs Group Inc., for ownership rights to a 901,700-square-foot industrial facility in Goodyear. The…
Mandalay Homes Mandalay Homes has been recognized by the U.S. Environmental Protection Agency as a recipient of the 2019 Indoor airPLUS Leader Award. This annual award recognizes market-leading homebuilders and…
The Arizona Department of Housing has honored First Place AZ with the 2019 Housing Hero Award for its Innovative Supportive Housing Program and pioneering approach to housing for special populations,…
Local builder Porchlight Homes will be introducing Hudson East – a modern condominium community in the heart of Scottsdale – this week. The builder is scheduling pre-sale tours of the…
AREAD Management Inc., a residential developer, and Varde Partners, a private investment company, have purchased a 290-acre development site in San Tan Valley, Arizona, for $8,700,000. The seller was Skyline…
At Monday’s Goodyear City Council meeting, the council unanimously approved the development agreement for Goodyear Civic Square at Estrella Falls. This will be a first-of-its-kind project in partnership with the…
Award-winning real estate development firm, Optima, announced today it has surpassed the 300th sale milestone at Optima Kierland Center in Scottsdale and leads the market for sales velocity by nearly…
U.S. construction contractors and industry leaders are somewhat less confident about near-term prospects for nonresidential construction but remain reasonably upbeat, according to the June 2019 Construction Confidence Index released today…
One of the country’s premier investment firms is moving its Phoenix office to a premier location in the Camelback Corridor’s newest office project. Stifel, Nicolaus & Company, Incorporated (“Stifel”) is…
