City: Phoenix

Commercial Real Estate Direct Staff Report PCCP has provided $84 million of financing against the 335-unit Montreux apartment property in Phoenix. CBRE arranged the loan on behalf of the property's owner, Pacific Development Partners of Los Angeles. It takes out ...

Commercial Real Estate Direct Staff Report Stellar Senior Living has paid $40 million, or $115,942/unit, for the 345-unit Thunderbird Senior Living seniors-housing property in the Phoenix suburb of Glendale, Ariz. The Midvale, Utah, seniors-housing operator acquired the property, at 5401 ...

Commercial Real Estate Direct Staff Report Schnitzer Properties has paid $78.28 million, or $201.29/sf, for Warner Commerce Center, a 388,897-square-foot industrial property in the Phoenix suburb of Gilbert, Ariz. The Portland, Ore., developer acquired the property, at 4290, 4320, 4230, ...

Commercial Real Estate Direct Staff Report An affiliate of Invesco Real Estate has paid $89.8 million, or $199.44/unit, for the 450,260-square-foot Fairway Commerce Center industrial property in the Phoenix suburb of Avondale, Ariz. The Atlanta investment manager acquired the property, ...

Phoenix Business Journal Lam Research Corp. has paid $45.77 million, or $310.02/sf, for the 147,638-square-foot office building at 25700 North Norterra Parkway in Phoenix. The wafer fabrication equipment company acquired the property from JDM Partners, which bought it in 2018 ...

AZ Big Media Edward Homes Development has broken ground on Melrose Professional Park, a 120,000-square-foot medical and office condominium property in Gilbert, Ariz. The Las Vegas developer is building the property at the southeast corner of South Rome and East ...

Commercial Real Estate Direct Staff Report An affiliate of Kinella Construction has paid $36 million, or $220,858/unit, for One Camelback, a former office property in Phoenix that's been undergoing a redevelopment that will result in 163 apartment units. The Mesa, ...