Commercial Real Estate

Sales Transactions 1. Oxford Properties Group announced it has agreed to acquire a 14.5MSF infill and light industrial portfolio from KKR for approximately $2.2B. The portfolio consists of 149 distribution buildings located across 12 major …

Sales Transactions 1. JLL Capital Markets has closed the $165.25M sale and secured $102M in acquisition financing for La Encantada, a 246KSF shopping center in Tucson. JLL represented the seller, Macerich Company. A group of …

Sales Transactions 1. LPC Desert West announced the 1.25MSF Park 303 Phase I in Glendale has sold for $186M to BentallGreenOak, making it the largest single-building industrial transaction in state history. The speculative project completed …

Sales Transactions 1. CBRE announced the sale of the multifamily communities Ascend at Kierland and Elite North Scottsdale to The Ezralow Company for $312.5M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the …

Sales Transactions 1. A Delaware-based entity managed by Greenberg Traurig paid $125M for the former Chrysler Proving Grounds in Wittmann. The seller of the land was iStar. The most interesting aspect of the blockbuster deal …

Sales Transactions  1. Inland Real Estate Group of Cos. Inc. purchased the 286-unit Christopher Todd Communities at Estrella Commons build-to-rent property in Goodyear, for $98.098M, and the 222-unit Christopher Todd Communities on Happy Valley Road in Phoenix for $76.15M. That …

Sales Transactions  1. Funds managed by Oaktree Capital Management L.P purchased Ravenwood Heights, a 240-unit multifamily community at 647 W. Baseline Road, Tempe, for $94.5M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the …

Sales Transactions  1. American Realty Advisors has acquired Goodyear Logistics Center, a 901.7KSF Class A industrial asset at 575 S. 143rd Avenue in Goodyear for an undisclosed amount. The undisclosed seller was represented by CBRE National Partners. The property is being managed by Lincoln …

Sales Transactions 1. A California-based buyer purchased Sky Ancala Apartments, a 330-unit luxury apartment community at 11545 N. Frank Lloyd Wright Boulevard, Scottsdale, for $104.5M. ABI Multifamily‘s Phoenix-based Institutional Apartment Group – Alon Shnitzer, Rue …

Sales Transactions 1. Sares Regis Group purchased Elevation Chandler, a boutique, 163-unit apartment complex in Chandler for $56.15M. Steve Gebing and Cliff David with Institutional Property Advisors (IPA), a division of Marcus & Millichap, procured …

Sales Transactions 1. Bridge Investment Group purchased Parc Roundtree Ranch, a 275-unit, newly constructed multifamily asset in Peoria, for $88.8M. Steve Gebing and Cliff David with Institutional Property Advisors, a division of Marcus & Millichap, …

Sales Transactions  1. Federal Realty Investment Trust purchased the Camelback Colonnade, a shopping mall at 4724 N. 20th Street, Phoenix, for $162.5M. The seller was RED Development.  2. Decron Properties purchased Aura on Broadway, a multifamily community at 1221 E. …

Sales Transactions 1. Sunroad Enterprises purchased Parcland Crossing, a 383-unit multifamily community at 800 W. Willis Road, Chandler, for $125M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties …

Sales Transactions 1. Sares Regis Group purchased Level at Sixteenth, a 240-unit, mid-rise apartment community at the intersection of 16th Street and Camelback Road, Phoenix, for $69.1M. Steve Gebing and Cliff David with Institutional Property …

Sales Transactions 1. MG Properties Group purchased Centra, a five-story, 223-unit podium-style multifamily property in Midtown Phoenix for $74.5M. Steven Nicoluzakis and David Fogler of Cushman & Wakefield represented the seller, FORE Property. 2. APRA …

Sales Transactions 1. Reserve 100 LLC, an affiliate of Blandford Homes won the auction of 373 acres of State Trust Land at Chandler Boulevard between 19th and 27th Avenues, Ahwatukee, with a bid of $175.5M. …

Sales Transactions 1. A private party purchased Copper Falls, a newly constructed, 240-unit multifamily asset in Glendale, for $72M. Steve Gebing and Cliff David, Executive Managing Directors with Institutional Property Advisors (IPA), a division of …

Sales Transactions 1. TruAmerica purchased The Urban, a 435-unit, garden-style multifamily community 3601 East McDowell Road, for an undisclosed amount. The seller was not disclosed. 2. An affiliate of Walton Street Capital has originated a …

Sales Transactions  1. Tides Equities purchased Terrace Park Apartments, a 213-unit value-add apartment complex at 8130 W. Indian School Road, Phoenix, for $37.86M, from Western Wealth Capital. NorthMarq’s Phoenix investment sales team of Trevor Koskovich, Bill Hahn, Jesse Hudson, …

Sales Transactions 1. An entity tracing to Raymond Kao purchased Escape at Arrowhead, a 324-unit multifamily property at 7951 W. Beardsley Road, Peoria, for $103.75M, from an entity tracing to Embrey Development. 2. An entity …

Sales Transactions 1. Decron Properties purchased Broadstone Rio Salado, a 276-unit Class A multifamily property in Tempe for $96.15M, from Alliance Residential Co. The purchase is Decron’s first acquisition within the state. 2. Ezralow Company, …

Sales Transactions 1. CapRock Partners purchased Northern 101 Commerce Center, a 388.6KSF, state-of-the-art industrial development at Glen Harbor Airpark, Glendale, for $44M, from Creation Equity. The development was designed and built by LGE Design Build. …

Sales Transactions 1. An entity tracing to RPM Co. purchased the Village at Harvard Crossing, a 184-unit single-family rental community at the SWC of Pebble Creek Parkway and Virginia Avenue, Goodyear, for $56.12M, from The …