National nonresidential construction spending remained virtually unchanged in December, according to Associated Builders and Contractors’ analysis of U.S. Census Bureau data released today. Nonresidential spending totaled $750.5 billion on a…
Circa Central Avenue, a new multifamily project, developed just south of Phoenix Art Museum and adjacent to the Metro Valley light rail, is open, accepting new residents and is activating…
Cushman & Wakefield completed the sale of Lakeside Drive, located at 500 W. 1st Street in Tempe, Ariz. San Diego-based Lakeside Drive Apartments, LLC, purchased the property from Broadstone Lakeside,…
Fujifilm Electronic Materials U.S.A., Inc. (FEUS) broke ground for a major expansion of its manufacturing and development facility in Mesa, Arizona. The global market for electronics materials continues to grow…
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Alante at the Islands, a 320-unit multifamily asset in Chandler, Arizona. The property…
CBRE arranged the $4.85 million sale of a newly constructed, 17-unit townhome-style multifamily community located at 2340 E. McKellips Rd. in Mesa, Ariz. Regency Park, LLC, acquired the property from…
Lincoln Property Company (LPC) has officially poured the top floor of The Grand at Papago Park Center 2, bringing the building to the “topped out” stage and ushering in its final…
Bascom Arizona Ventures, LLC a subsidiary of Irvine, California-based private equity firm The Bascom Group, LLC has acquired the Tempo at McClintock Station Apartments (“Tempo”). Tempo is a mid-rise multifamily property…
Recent data shows that apartment rents in Phoenix are on the rise. In fact, according to RealPage, Inc., rent in the area has hit an all-time high, increasing faster than…
The annual Real Estate & Development (RED) Awards are back, highlighting impressive projects completed in the last year and the owners, developers, architects and contractors who made these awe-inspiring projects possible. The…
Darren Pitts of Velocity Retail Group represented Life Time in the purchase of a 3-acre land parcel at Happy Valley Road and 67th Avenue in Peoria, Arizona. The parcel…
CBRE announced the sale of Fiesta Tech Center, a 243,370-square-foot manufacturing and office facility occupied by Keter Plastics in Gilbert, Ariz. Nearon Enterprises acquired the asset from Los Angeles-based Fiesta…
