State: Arizona - AZ

Morgans Hotel Group Co. has paid $47.8 million for a 194-room hotel in Scottsdale, Ariz., that used to be known as the James Hotel.Morgans plans to renovate the already upscale property and has renamed the property the Mondrian Scottsdale.Morgans was ...

Commercial Real Estate Direct Staff ReportGreystar GP has paid $40.5 million for Ironhorse at Tramonto, a 324 unit apartment complex in Phoenix.The Phoenix real estate firm purchased the property from an affiliate of Fairfield Properties, which was represented by CB ...

The venture has agreed to sell Viad Corporate Center, a 482,000-square-foot office building at 1850 North Central Ave. The buyer is not known, but it is believed to be an institutional investor. Cushman & Wakefield's Phoenix office is brokering the ...

An affiliate of Avenue Communities has lined up $20.1 million in financing for the condominium conversion of the recently-developed Trillium at Union Hills apartment community in Phoenix.The local firm received the funding from Corus Bank.  Terms of the financing were ...

G.W. Williams Co. paid $31.3 million for the Airport Business Center, a 268,520-square-foot office complex in Tempe, Ariz.The San Mateo, Calif., firm purchased the 19-building property from a private investment group operating as Airport Business Center LLC Phoenix. The purchase ...

Bascom Arizona Ventures has paid $16 million for Tierra Bonita Apartments, a 410-unit complex in Tucson, Ariz.The investment vehicle, which is a joint venture between The Bascom Group of Irvine, Calif., and Multifamily Advisors LLC of Scottsdale, Ariz., purchased the ...

Arizona Central Western American Equities has paid $11.6 million for Southwest Corporate Center, a 74,260-square-foot office building in Tempe, Ariz. The Kirkland, Wash., investment group purchased the property from International Capital Partners. Trammell Crow Co. represented the seller.

The Business Journal of Phoenix Desert Viking, an Arizona firm led by developers Mike Hogarty and Niels Kreipke, are developing a mixed-use project in the Phoenix suburb of Chandler. The project, San Marcos Commons, will have 200,000 square feet of ...

A private investment group has paid $17 million for Emerald Springs, a 194-unit apartment complex in Mesa, Ariz.The buyer, which operates under the name Unit 194 LLC, purchased the property from Farnum Properties LLC of California. The property will be ...

Wells Real Estate Investment Trust II Inc. has purchased SanTan Corporate Center, a 268,000-square-foot, class-A office complex in Chandler, Ariz.The Norcross, Ga., company acquired the two-building property from RREEF, which co-developed it. A purchase price was not disclosed, but real ...