Commercial Real Estate Transactions 01-21-20
Sales Transactions 1. The Blackstone Group purchased the 1,003-room Sheraton Phoenix Downtown hotel, located at 340 N. 3rd Street, from Marriott for $268M. In recent months BEX
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Commercial Real Estate Transactions 01-14-20
Sales Transactions 1. The ConAm Group purchased Silverbell Springs, a 290-unit multifamily community at 7759 N. Silverbell Rd., Marana, for $50.25M. Tyler Anderson, Asher BEX
Real Estate Companies to Watch in 2020
By Steve Burks for AZ Big Media Here’s a look at some of the top real estate companies to watch in Arizona. These companies have seen tremendous growth in Arizona and they BEX
Commercial Real Estate Transactions 01-07-20
Sales Transactions 1. Partners Group purchased The Biltmore Center, a three building office complex totaling over 643KSF of office space on the NWC of 24th St and Camelback BEX
Commercial Real Estate Transactions 12-24-19
Sales Transactions 1. Heitman Capital Management purchased Aspire Tucson Student Housing, a 10-story tower at 950 Tyndall Avenue, Tucson, for $97M. Jaclyn Fitts, Executive BEX
Commercial Real Estate Transactions 12-17-19
Sales Transactions 1. Starwood Income Real Estate Trust purchased the 277-unit Alta Drinkwater apartment complex at 3234 N. Scottsdale Rd, for $96M. Tyler Anderson, Sean BEX
Commercial Real Estate Transactions 12-10-19
Sales Transactions 1. Sumitomo Corporation of Americas purchased the Collier Center, a 24-story, 578KSF commercial complex located in downtown Phoenix. Eastdil Secured BEX
Commercial Real Estate Transactions 12-03-19
Sales Transactions 1. Forum at Gilbert, LLC purchased The Forum at Gilbert Ranch, a 92K+SF Class A office and medical campus at 1472,1482,1528 and 1530 E. Williams Field Rd BEX
Commercial Real Estate Transactions 11-26-19
Sales Transactions 1. Wilshire Capital Partners purchased 3900 Camelback Center, a Class A, LEED Gold Certified office building located in the Camelback Corridor, for $54.5M. BEX
Commercial Real Estate Transactions 11-19-19
Sales Transactions 1. Knightvest Capital purchased Indigo Palms (now Oxford Apartments), a 432-unit, 404K+SF garden style multi-housing community in Phoenix, for $75M. BEX
Commercial Real Estate Transactions 11-12-19
Sales Transactions 1. Vital Pharmaceuticals, the maker of Bang Energy drinks, bought a nearly 400KSF manufacturing plant in Phoenix near 43rd Avenue and Buckeye Road. The BEX
Commercial Real Estate Transactions 11-05-19
Sales Transactions 1. Crescent Communities has sold Novel Rio, a 209-unit, Class A property at 701 West Rio Salado Pkwy, Tempe to a private investor for $66.3M. 2. Velocis BEX
Commercial Real Estate Transactions 10-29-19
Sales Transactions 1. Geringer Capital purchased Avia 266, a 266-unit multifamily community at 2354 W. University Drive, Mesa, for $45.25M. CBRE’s Tyler Anderson, Sean BEX
Commercial Real Estate Transactions 10-22-19
Sales Transactions 1. Urban Communities S29, LP, an entity formed by Urban Communities of Phoenix, purchased Standard on 29th Apartments, a 357-unit multifamily housing BEX
Commercial Real Estate Transactions 10-15-19
Sales Transactions 1. Bridge Investment Group LLC’s (Bridge) subsidiary Bridge Office Fund Manager (Bridge Office) announced the acquisition of Phoenix Gateway Center, a BEX
Commercial Real Estate Transactions 10-08-19
Sales Transactions 1. Griffin Capital Essential Asset REIT has acquired McKesson III, a Class A office building at 5801 N. Pima Road, Scottsdale. Ryan Cos. sold the asset for BEX
Commercial Real Estate Transactions 10-01-19
Sales Transactions 1. Multifamily real estate investment, development and management company Cortland has officially closed on the Pure Multi-Family REIT acquisition for BEX
Commercial Real Estate Transactions 09-24-19
Sales Transactions 1. MG Properties Group recently paid $110.25M for the 512-unit Biscayne Bay Apartments, 300 E. Warner Road, Chandler, from AllianceBernstein US Real Estate BEX
Commercial Real Estate Transactions 09-17-19
Sales Transactions 1. CBRE has arranged the sale of the 340-unit Class A multifamily community Summerly at Zanjero, 7375 N. Zanjero Blvd, Glendale, on behalf of Fore Property BEX
Commercial Real Estate 09-10-19
Sales Transactions 1. The JW Marriott Desert Ridge has sold a record of $602M. Trinity Real Estate Investments and Elliott Management Corp purchased the North Phoenix BEX
Commercial Real Estate Transactions 09-03-2019
Sales Transactions 1. Black Salmon shook hands with partners ScanlanKemper Bard Cos. and Varde Partners Inc. for ownership rights to the U.S. Bank Center, a 375.9KSF, Class A BEX
Commercial Real Estate Transactions 08-27-2019
Sales Transactions 1. Nike paid nearly $70M for the Lincoln Logistics 40 building in Goodyear near the Phoenix Goodyear Airport for their manufacturing facility. Nike BEX
Commercial Real Estate Transactions 08-20-2019
1. Two Marriott-branded hotels in Scottsdale have sold for a combined of $161M to Starwood Capital Group. Host Hotels & Resorts Inc. sold the 243-room Scottsdale Marriott BEX
Commercial Real Estate Transactions 08-13-2019
Sales Transactions 1. Blackstone Group LP has dropped $100M to buy San Valiente Luxury Homes, the 604-unit apartment community at 2220 W. Mission Lane, Phoenix, from Millburn BEX
Commercial Real Estate Transactions 08-06-2019
Sales Transactions 1. TruAmerica Multifamily has acquired Covington Park, a 520-unit garden-style apartment community in Phoenix for $77.26M. Tyler Anderson, Asher Gunter, BEX
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