City: Phoenix

AZ Big Media US Merchants has paid $63.88 million, or $140.72/sf, for a 453,960-square-foot building within West Summit at Surprise, a two-building industrial property with 704,472 sf in Surprise, Ariz., a northwestern suburb of Phoenix. The Beverly Hills, Calif., manufacturer ...

ConnectCRE Belkorp has paid $44.15 million, or $252.57/sf, for the 174,800-square-foot industrial property at 3809 East Watkins St. in Phoenix. The Vancouver, British Columbia, investment firm purchased the building from LBA Realty of Irvine, Calif., in a deal brokered by ...

Commercial Real Estate Direct Staff Report Berkadia has provided $30 million of Fannie Mae financing against the 166-unit Havenly Superstition apartment property in Apache Junction, Ariz. The seven-year loan pays a fixed coupon and requires only interest payments. The property ...

Commercial Real Estate Direct Staff Report Only 3,854 apartment units were delivered in Phoenix during the first quarter, marking the lowest quarterly volume in more than four years and a 20% drop from the fourth quarter, according to Cushman & ...

Commercial Real Estate Direct Staff Report An affiliate of MetLife Investment Management has paid $45.85 million, or $327,500/unit, for Grandstone at Sunrise, a 140-unit apartment property in Peoria, Ariz., a northern suburb of Phoenix. The Los Angeles investment manager acquired ...

Phoenix Business Journal Amazon Web Services has agreed to lease a 1.2 million-square-foot industrial property at 24105 West Southern Ave. in Buckeye, Ariz., a western suburb of Phoenix. The cloud computing platform was represented by CBRE, while Cushman & Wakefield ...

AZ Big Media A venture of IndiCap and VAC Development has broken ground on Chandler Bay, a 110,481-square-foot industrial property in Chandler, Ariz. IndiCap and Vac, both of Las Vegas, are building the property at 1820 East Germann Road, about ...

Commercial Real Estate Direct Staff Report Levine Investments has paid $61.5 million, or $207.31/sf, for Rio West Business Park, a five-building office property with 296,663 square feet in Tempe, Ariz. The Phoenix investment firm acquired it from Oaktree Capital Management, ...