City: Tempe

Investcorp has acquired the 536,051-square-foot Tempe Commerce Park in Tempe, Ariz., for $85.35 million, or $159.22/sf. The New York investment manager bought the property from BKM Capital Partners of Newport Beach, Calif., which had purchased it in 2016 for $58 million ...

Commercial Real Estate Direct Staff Report PCCP LLC has provided $40.2 million of financing to help fund the purchase of a pair of office properties in Tempe, Ariz., that will be redeveloped into three industrial buildings with 450,000 square feet. ...

Multi Housing News Capital Allocation Partners has paid $42.8 million, or about $178,333/unit, for the 240-unit Sanctuary on Broadway apartment property in Tempe, Ariz. The Scottsdale, Ariz., investor bought the complex from PAC Anzio LP, which had purchased it four ...

Phoenix Business Journal Apex Capital Investments Corp. has purchased the 358,000-square-foot office building at 1033 West Roosevelt Way in Tempe, Ariz., for $187.5 million, or $523.74/sf. The Philadelphia investment manager, a subsidiary of Dimah Capital Investment Co. of Kuwait, bought ...

REBusiness Online Cohen Asset Management has completed the sale of two industrial buildings totaling 292,185 square feet in Tolleson, Ariz., and Tempe, Ariz., for $45.3 million. KKR & Co. acquired the 249,904-sf building at 8313 West Latham St. in Tolleson, ...

Kennedy Wilson has purchased a stake in three apartment properties with 880-units in Tempe, Ariz., Colorado Springs, Colo., and Broomfield, Colo., in a deal valued at $198 million. The properties are: Rockrimmon, with 260 units at 5824 Walsh Point Drive ...

Western Wealth Capital has paid $117.5 million, or $178,300/unit, for the 659-unit Onnix apartment property in the Phoenix suburb of Tempe, Ariz. The Vancouver, British Columbia, investment manager bought the property, at 1500 East Broadway Road, from Bridge Investment Group, ...

Cortland has paid $96.75 million, or $233,132/unit, for the 415-unit MetroPointe Apartments in Tempe, Ariz. The Atlanta investor purchased the property from Rockwood Capital, which had acquired it in July 2018 for $76 million. Institutional Property Advisors, a division of ...