AZ Big Media A venture of Hardy World LLC and Silver Creek Development has broken ground on the 150,615-square-foot third phase of the Level Crossing industrial development in Surprise, Ariz. Hardy World, of Bentleyville, Pa., and Silver Creek, of Beverly ...
Commercial Real Estate Direct Staff Report Top 10 Properties has paid $21.8 million, or $232.60/sf, for Pinnacle Peak Commerce Center, a 93,725-square-foot industrial property in Phoenix. The Gilbert, Ariz., company purchased the property from an affiliate of Nicola Wealth Real ...
AZ Big Media EQT Exeter has paid $60.1 million, or $93.63/sf, for I-10 Gateway, a 641,906-square-foot industrial property in Buckeye, Ariz. The Radnor, Pa., REIT purchased the property from its developer, BET Investments, in a deal brokered by Cushman & ...
Most apartment properties in Miami, Phoenix and Las Vegas that were financed with short-term loans in 2021 and 2022 are generating cash flows that are below underwritten levels. In fact, 76 of the 86 loans against properties in those cities ...
Multi-Housing News A venture of Ray and VeLa Development Partners has broken ground on Ray Phoenix, a 401-unit apartment property in Phoenix. Ray, of New York, and VeLa, of Stamford, Conn., are building the 26-story property at 777 North Central ...
AZ Big Media A venture of Hubbard Street Group and Cresset Real Estate Partners has opened Skye on 6th, a 309-unit apartment property in Phoenix. The Chicago-based venture broke ground on the property, at 817 North 6th St., in 2021. It ...
The vacancy rate for apartment properties in Phoenix was 9.5 percent in the first quarter, down from 9.8 percent in the previous quarter, according to Kidder Mathews. Meanwhile, rents last quarter increased to $1,525/unit, from $1,514/unit at the end of ...
Commercial Real Estate Direct Staff Report ACORE Capital has provided $75.4 million of financing to facilitate Trinity Investments' purchase of Scottsdale Plaza Resort and Villas, a 404-unit hotel in Paradise Valley, Ariz. Trinity, of Honolulu, bought the property from a ...
Commercial Real Estate Direct Staff Report Pacific Community Builders has paid $51.3 million, or $294,827/unit, for the Cambria, a 174-unit apartment property in Gilbert, Ariz. The Newport Beach, Calif., developer purchased the property from Bridge Investment Group of Salt Lake ...
REBusiness Online An affiliate of Urban Communities LLC has sold Urban 357, a 357-unit apartment property in Phoenix for $41 million, or $114,845/unit. The local company sold the property to a Nashville, Tenn., limited liability company in a deal brokered ...
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