What's Hot

    Plan Revisions in Marana Would Yield New Commercial and Residential Developments

    August 26, 2025

    Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

    August 26, 2025

    Round 3 of BuildItAZ Grants Announced

    August 26, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [August 26, 2025] - Plan Revisions in Marana Would Yield New Commercial and Residential Developments
    • [August 26, 2025] - Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix
    • [August 26, 2025] - Round 3 of BuildItAZ Grants Announced
    • [August 26, 2025] - Industry Professionals 08-26-25
    • [August 26, 2025] - Commercial Real Estate 08-26-25
    • [August 22, 2025] - 383-Unit Multifamily Project Recommended by Goodyear P&Z
    • [August 22, 2025] - Aviation Training Center Planned for Mesa-Gateway Airport
    • [August 22, 2025] - Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Plan Revisions in Marana Would Yield New Commercial and Residential Developments

      August 26, 2025

      Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

      August 26, 2025

      383-Unit Multifamily Project Recommended by Goodyear P&Z

      August 22, 2025

      Aviation Training Center Planned for Mesa-Gateway Airport

      August 22, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Old Town Scottsdale to See $40M in Improvements

      August 20, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Commercial Real Estate 08-12-25

      August 12, 2025

      Commercial Real Estate 08-05-25

      August 5, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Industry Professionals 08-12-25

      August 12, 2025

      Industry Professionals 08-05-25

      August 5, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Arizona Projects 08-08-25

      August 8, 2025

      Arizona Projects 08-01-25

      August 1, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Ariz. Supreme Court Upholds Citizens’ Right to Halt Local Projects

      August 8, 2025

      Proposed Legislation Aims to Increase Housing Supply

      August 5, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Multifamily Developer Confidence Up in Q2

      August 12, 2025

      Ariz. Construction Gained 600 Jobs in June

      July 22, 2025

      Plan Revisions in Marana Would Yield New Commercial and Residential Developments

      August 26, 2025

      Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

      August 26, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Industry Professionals 08-26-25

      August 26, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Commercial Real Estate » Commercial Real Estate News 07-18-23
    Commercial Real Estate

    Commercial Real Estate News 07-18-23

    BEX StaffBy BEX StaffJuly 18, 2023No Comments3 Mins Read
    8. 2600 N. 44th St. Credit: Streamline Capital Group
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Sales Transactions

    1. CBRE facilitated the sale of the 380-unit multifamily community Soltra at SanTan Village in Gilbert to The Premiere Residential for $140M. The newly built property is the company’s first Phoenix acquisition in 16 years. CBRE’s Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented the seller, Leon Multifamily.

    2. STORE Capital Group has paid $50.4M for 394 acres in Coolidge. The land includes the site of Nikola Corporation’s electric vehicle and hydrogen truck manufacturing facility, which the company will lease from the new property owner under a 99-year agreement.

    3. Reliant Group Management LLC has paid $50M for Phoenix Manor, a 450-unit, multifamily community in Phoenix. Seller Phoenix Manor LLC was represented by Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach with Colliers in Arizona. Reliant Group Management was self-represented.

    4. CBRE facilitated the sale of Clarendon Park, a 138-unit multifamily community in Phoenix. CBRE’s Matt Pesch, Austin Groen, Jeff Seaman and Bryson Fricke represented the seller. WhiteHaven purchased the property for $37M. Anthony Valenzuela with CBRE Phoenix Debt & Structure Finance arranged the deal’s financing. The community will be rebranded to Haven at Midtown, and Greystar will oversee management and leasing.

    5. AP Capital has sold the 98KSF Tempe retail center Cobblestone Village for $20M. The Basha’s-anchored property was purchased by Cobblestone Center LLC.

    6. has paid $14M for a 95KSF flex office building at 8160 S. Hardy Dr. in Tempe. The firm was represented by Marcus Muirhead with Lee & Associates. Seller Los Angeles County Employees Retirement Association was represented by Cushman & Wakefield’s Eric Wichterman, Chris Toci, Mike Coover and Steve Lindley.

    7. Lakeshore Ventures and Crown Enterprises have bought 23 acres in Queen Creek for $11M. Real estate tracking firm Vizzda has speculated the land may be used for a data center development.

    8. Streamline Capital Group purchased the former Camelhead Business Center at 2600 N. 44th St. in Phoenix for $5M. The property is being rebranded as The Grand on 44th. Keri Davies and Jason Reddington with LevRose Commercial Real Estate will handle leasing.

    9. ABI Multifamily announced the $4.8M sale of Avanti Apartments, a 30-unit multifamily apartment community in Phoenix. The buyer was represented by ABI’s Mitchell Drake, Dallin Hammond and Carson Griesemer. The buyer is based in Arizona and the seller is based in California.

    10. Renewed Medical Health has paid $3.15M for Sunrise Springs, a 15.7KSF office building on East Sunrise Drive in Tucson. Seller Sunrise Springs Building LLC was represented by Romano Real Estate’s John Yarborough and David Carroll. The buyer was represented by Christos Vlachopouliotis with Luxe Real Estate Group.

    11. HonorHealth announced it has signed an agreement to purchase the remaining interest in 26 urgent care centers in Arizona from FastMed. These urgent cares are currently operated under a joint venture relationship between FastMed and HonorHealth. This transaction is expected to close this summer. Terms were not disclosed.

    12. Cushman & Wakefield announced the firm has brokered the sale of a 109-key TownePlace Suites by Marriott hotel in Chandler. The buyer was Trimark X, LLC.  Bill Murney with Cushman & Wakefield’s Western US Hospitality team in Phoenix represented the seller, Peachtree Group. Terms were not disclosed.

    Lease Transactions

    13. Canyon Trails Towne Center in Goodyear announced it has achieved 100% occupancy for the first time in the retail center’s history. New leases recently signed at the 600KSF shopping center, which is anchored by Super Target, PetSmart and two other big-box stores, including a Michael’s (18.3KSF) and Five Below (10.4KSF).

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Commercial Real Estate 08-26-25

    August 26, 2025

    Commercial Real Estate 08-19-25

    August 19, 2025

    Commercial Real Estate 08-12-25

    August 12, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Plan Revisions in Marana Would Yield New Commercial and Residential Developments

    August 26, 2025

    Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

    August 26, 2025

    Round 3 of BuildItAZ Grants Announced

    August 26, 2025

    Industry Professionals 08-26-25

    August 26, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Plan Revisions in Marana Would Yield New Commercial and Residential Developments

    August 26, 20250

    By Roland Murphy for AZBEX Developer Bourn Companies and property owner Red Point Development have…

    Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

    August 26, 2025

    Round 3 of BuildItAZ Grants Announced

    August 26, 2025

    Industry Professionals 08-26-25

    August 26, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Plan Revisions in Marana Would Yield New Commercial and Residential Developments

    August 26, 2025

    Mortenson to Build Mixed-Use Master Plan on Former Coyotes N. Phoenix

    August 26, 2025

    Round 3 of BuildItAZ Grants Announced

    August 26, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.