City: Phoenix

Commercial Real Estate Direct Staff Report An affiliate of Golden Horizon Enterprises has paid $112.5 million, or $336,826/unit, for Bungalows at Camelback, a 334-unit apartment property in Phoenix. The purchase was first reported by the Phoenix Business Journal. The Newport ...

AZ Big Media Okland Construction has agreed to lease an 85,241-square-foot industrial building at 2525 West Corporate Center Drive within the 17 North Corporate Center development in Phoenix. The construction manager was represented by DAUM Commercial Real Estate Services, while ...

Commercial Real Estate Direct Staff Report Nitya Capital has paid $41 million, or $149,635/unit, for Tides on McDowell, a 274-unit apartment property in Phoenix. The Houston investment firm acquired the property from Tides Equities, which bought it in 2021 for $59.6 ...

Multi-Housing News Goldman Sachs & Co. has paid $81.4 million, or $315,503/unit, for Broadstone Seventh Street, a 258-unit apartment property in Phoenix. The banking giant acquired the property in an all-cash deal from its developer, Alliance Residential Co. of Scottsdale, ...

Multi-Housing News MacNaughton has acquired Residences Kierland, a 290-unit apartment property in Scottsdale, Ariz. The purchase price could not yet be learned. However, the six-story property was valued this year at $101.9 million, according to Maricopa County, Ariz., public records. ...

Phoenix Business Journal Microsoft has paid $130 million for a 100-acre development site in Goodyear, Ariz., about 27 miles west of Phoenix. The tech giant acquired the property from First Industrial Realty Trust. The site, at North Citrus and West ...

Commercial Real Estate Direct Staff Report LXP Industrial Trust has paid $103 million, or $171.76/sf, for the 599,664-square-foot office complex at 4025, 4035, and 4045 South Riverpoint Parkway in Phoenix. The West Palm Beach, Fla., REIT bought the 10-story property ...

Commercial Real Estate Direct Staff Report An affiliate of Rreef America has paid $81.6 million, or $293,525/unit, for the 278-unit Alta Rise apartment property in Gilbert, Ariz. Rreef, an affiliate of Deutsche Wealth Management, acquired the property from its developer, ...

ACRE has provided $351 million of debt financing against a portfolio of eight apartment properties with 1,573 units owned by a venture led by Harbor Group International. The loan facility was arranged by Walker & Dunlop. The portfolio that backs ...

Commercial Property Executive Lovett Industrial has broken ground on North Park Logistics Center, a 1.1 million-square-foot industrial property in Glendale, Ariz. The Houston developer is building the property at the intersection of Northern Parkway and 147th Drive, about 30 miles ...