Security Properties funded the acquisition with $40 million of financing provided by Capmark Finance Inc.
Newcastle funded the acquisition with financing from Irwin Union Bank.
The Arizona Republic The Alter Group is planning to add an additional 600,000 square feet of industrial space to a warehouse park in Phoenix. The Chicago firm broke ground on two more buildings in its Buckeye Logistics Center, which has ...
The Arizona Republic The Plaza Cos. has paid $80 million for three development parcels in downtown Phoenix. The Peoria, Ariz., firm plans to construct a 270,000-square-foot office and research building at the northeastern corner of Seventh and Van Buren streets. ...
The Arizona Republic The Thunderbird School of Global Management has agreed to sell 65 acres of vacant land in the Phoenix suburb of Glendale, Ariz., to a pair of developers. Cachet Homes of Scottsdale, Ariz., purchased 50 acres, where it ...
The Phoenix apartment market remains weak with high vacancy rates and small rental growth, but some investors believe that is changing. Investors are on a pace to acquire $5.6 billion worth of apartments this year to capitalize on a recovery. ...
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