Commercial Real Estate

Sales Transactions  1. Button Capital Limited purchased Park Place at Fountain Hills, a 230-unit Class A multifamily community in Fountain Hills, for $63.5M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch structured the transaction on behalf of the seller, Real …

Sales Transactions  1. Tower Capital, an independent structured finance firm, arranged two acquisition loans totaling $26.19M for multifamily properties in Phoenix. Tower Capital arranged $21.5M for San Marina, a 400-unit, affordable housing apartment complex. The second acquisition loan, …

Sales Transactions  1. Newmark Knight Frank Multifamily announced the $14.3M sale of Royal Palms, a 138-unit multifamily property at 5902 W. Royal Palm Road, Glendale. Senior Managing Director Brett Polachek, Director Chris Canter and Executive Managing Director …

Sales Transactions  1. Guardian Storage Centers purchased Storage at Anthem, a 784-unit self-storage facility located in Anthem for $18.2M. Brian Fulton, Mike Mele, Luke Elliott, and Devin Beasley of Cushman & Wakefield’s Tampa, Florida-based Self-Storage Advisory Group represented the seller, The …

Sales Transactions 1. Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the $123M sale of West Sixth, a core-plus, condo-quality 375-unit/625-bed student housing community located just steps from Arizona State University (ASU) …

Sales Transactions 1. Cohen Asset Management purchased the West 202 Logistics Center, a 554KSF industrial development leased to Amazon at 59th Avenue and Lower Buckeye in Phoenix for $61M. Trammell Crow Company was the seller. …

Sales Transactions 1. Landmark Dividend purchased the 184KSF PayPal Inc. central Phoenix data center at the SWC of Third Street and Indian School Road, for $122M. PayPal will remain as a tenant in the facility. …

Sales Transactions 1. Industrial Logistics Properties Trust, a subsidiary of RMR Group purchased an 820KSF distribution center fully leased to Amazon.com Inc. at 16920 W. Commerce Drive, Goodyear, for $72M. 2. Berkadia announced $39M in …

Sales Transactions 1. JLL Income Property Trust announced the acquisition of Fountainhead Corporate Park, a 300KSF, two-building Class A office portfolio comprised of two 6-story buildings located in Tempe. The property was acquired for $61.5M. …

Sales Transactions 1. Southwest Value Partners, A real estate investment firm founded by Phoenix Suns owner Robert Sarver, has purchased the 235-key Hilton Scottsdale Resort & Villas for $62M, and the 378-room Doubletree Resort by …

Sales Transactions 1. Nelson Partners Student Housing has acquired Sol y Luna, a 14-story, 341-unit modern student housing complex located just 38 feet from the University of Arizona in Tucson, for $200M. Timothy S. Bradley …

Sales Transactions 1. CWS Capital Partners LLC purchased Azure Creek, a 160-unit garden-style multifamily property at 29862 N. Tatum Boulevard, Maricopa, for $36.25M. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan …

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 the hotel has undergone a massive renovation, updating everything …

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 Gunter and Jeff Casper of CBRE Multifamily Institutional Properties represented the …

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 will be the …

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 Rd, Phoenix, for $212M. Director Ben Geelan, …

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 Vice President, Student Housing with CBRE Dallas, William Vonderfecht, First Vice …

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 Cunningham, Asher Gunter and Matt Pesch of CBRE in Phoenix …

Sales Transactions 1. Sumitomo Corporation of Americas purchased the Collier Center, a 24-story, 578KSF commercial complex located in downtown Phoenix. Eastdil Secured brokered the deal for an undisclosed amount. 2. JLL Income Property Trust has …

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 and 2314 S. Val Vista Dr., …

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. Newmark Knight Frank Co-Head, Kevin Shannon cooperated with Executive Managing …

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. Director Mike Higgins of JLL Capital Markets represented the buyer. JLL’s Capital Markets …

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 company bought the building for $53.32M and plans to …