TUCSON, ARIZONA – Aerie Development affiliate, Aerie Northwest, paid $3.7 million for 12.7-acres at 2050 W Oracle Jaynes Station Road for its latest luxury multifamily project. Located at La Cholla
2021 Net Absorption was 80% Higher than 2020 PHOENIX, ARIZONA – The Metro Phoenix industrial market set a series of records in 2021, making it the most active year in
TUCSON, ARIZONA – The Star Valley master-planned community in Tucson’s southwest submarket is picking up right where it left off in 2021. LGI Homes, Inc purchased 101 lots (40’X110’) in
PHOENIX, ARIZONA — BOMA Greater Phoenix, the industry group that advances the commercial real estate industry through advocacy, influence, and knowledge, has named Arizona Sen. J.D. Mesnard and Arizona Rep.
The Mark’s Urban, Infill Location Draws Residents & Investors PHOENIX, ARIZONA – The Mark, an off-campus student housing community at 1115 E. Lemon St. in Tempe, has been sold to a San Francisco-based investor for $36,100,000.00. The property, which is located along the Valley Metro
TUCSON, Ariz. – The Sundt Foundation awarded $25,000 in grants to 10 Tucson-area nonprofits during its current giving round. “It is truly inspiring to see how much the Sundt Foundation means to all of our employee-owners,” said , the Sundt Foundation’s Tucson region board member.
MARANA, ARIZONA — HSL Gladden Farms, LLC (HSL Properties, Inc., Omar Mireles, President), closed on 17 acres in Block 43 of the Gladden Farms master-planned community. The parcel is located at the NWC of Tangerine Road and Clark Farms Boulevard in Marana. The parcel was
Phoenix, Arizona – SVN Desert Commercial Advisors completed the sale of an approximately 54-acre industrial development site in Buckeye at the southeast corner of Southern Ave. and Rainbow Rd. within the Buckeye Rail Corridor. The property was acquired from KWC Motorsports LLC, for $6,525,000 by
In 2021, single-family existing-home prices rose at the fastest pace in five decades at an average year-over-year pace of 18%, driven by strong job growth, historically low mortgage rates, a post-pandemic recovery in household formation, and inadequate housing construction and pandemic-induced supply bottlenecks. At the
Cushman & Wakefield Advises Sale of 100% Leased Agave Executive Center Office Complex for $16.8 Million in Tempe, AZ
78,800-sf multi-building, multi-tenant office asset acquired by Utah investor TEMPE, Ariz, – Cushman & Wakefield announced the firm has brokered the disposition sale of Agave Executive Center, a 78,825-square-foot multi-tenant office building in the heart of Tempe, Arizona. The asset was 100% leased at the
Intercontinental Real Estate Corporation Acquires 376-Unit Apartment Community in Phoenix, AZ for $126 Million
PHOENIX, ARIZONA –Intercontinental Real Estate Corporation (“Intercontinental”) has acquired Garden Grove Apartments, a 376-unit garden-style apartment complex in Tempe, AZ for $126 million ($335,000 per unit). The acquisition marks Intercontinental’s fifth acquisition in Phoenix.Garden Grove Apartments is located at 900 W. Grove Parkway in the
Phoenix, Arizona – CBRE announced the sale of Chandler Office Center to 1351 Piedmont, LLC, a Delaware limited liability company, for $7.76 million ($135 PSF). CBRE’s Bob Young, Glenn Smigiel, Rick Abraham and Jamie Swirtz represented the seller. Steve Berghoff and Mary Larsen of Menlo
Tucson, Arizona – Larsen Baker, through its affiliate Broadway Investment Group, LLC et. al recently acquired the 86,500-square-foot shopping center located at 5355-5455 E Broadway Blvd. in Tucson, Arizona for $14,900,000 ($170 PSF). The purchase includes two future drive thru building locations: a Starbucks Coffee