State: Arizona - AZ
Cohen Asset Management Pays $81.7Mln for Glendale, Ariz., Industrial Property
AZ Big Media Cohen Asset Management has paid $81.7 million, or $136.28/sf, for the 599,489-square-foot initial phase of Falcon Park 303 in Glendale, Ariz. The Los Angeles investor purchased the industrial property from its developer, US Capital Development, which was ...
JPMorgan Chase Lends $41Mln for Purchase of Phoenix Apartments
Commercial Real Estate Direct Staff Report JPMorgan Chase has provided $41 million of financing to facilitate Weidner Apartment Homes' purchase of Joy on 4th, a 234-unit apartment property in Phoenix. The Kirkland, Wash., company purchased the property from an affiliate ...
Mixed-Use Development in Tempe, Ariz., Gets $233Mln of Construction Financing
Multi-Housing News Banco Inbursa and Pearlmark have provided $233 million of financing for the construction of the first phase of the South Pier at Tempe Town Lake mixed-use development in Tempe, Ariz. McBride Cohen Co. of Tacoma, Wash., is teaming ...
JPMorgan Chase Lends $110.4Mln for Purchase of Tempe, Ariz., Student-Housing Property
Commercial Real Estate Direct Staff Report JPMorgan Chase has provided $110.4 million of mortgage financing to facilitate the purchase of Canvas Tempe, an 826-unit student-housing property in Tempe, Ariz. University Partners, an affiliate of KKR & Co., purchased the property ...
Gantry Places $41.6Mln Freddie Loan Against Goodyear, Ariz., Apartments
Commercial Real Estate Direct Staff Report Gantry has arranged $41.6 million of Freddie Mac financing against Lunaire at Estrella, a 240-unit apartment property in Goodyear, Ariz. The five-year loan pays a fixed rate that's less than 5 percent. It allowed ...
Madison Realty Lends $585Mln for Upscale Resort Complex in Arizona
Madison Realty Capital has provided $585 million of financing for the completion of the Ritz-Carlton Resort and Residences in Paradise Valley at The Palmeraie in Paradise Valley, Ariz. The property is being developed on 122 acres straddling the border between ...
Scottsdale Airpark
The Miami company purchased the property from Providence Real Estate Group, which had acquired it in 2020 through a partnership with Garrett Group of Bellevue, Neb., for $19.5 million.
Marketplace
The Santa Monica, Calif., REIT sold the property, which is anchored by a Home Depot, to a northern California investor pursuing a tax-deferred exchange. The transaction was arranged by Faris Lee Investments. Home Depot constructed the 121,000-sf building that it ...
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