State: Arizona - AZ

The Business Journal of PhoenixChicago developer Thomas J. Klutznick Co. is planning a mixed-use project immediately east of Desert Ridge Marketplace in Phoenix. CityNorth will be a 144-acre, 5 million-square-foot development with residential, retail, office, restaurants and entertainment components. The ...

The Arizona RepublicA venture between Lowe Enterprises Real Estate Group and GE Real Estate has paid $144 million for three Arizona office properties totaling more than 711,000 square feet. The three properties were Gainey Ranch Financial Center and the Scottsdale ...

Corus Bank will provide $21 million in financing for the acquisition and condominium conversion of 5302 E. Van Buren St., a 185-unit residential property in Phoenix.Shawn Heyl and Grant King, two Phoenix investors operating as Belaflora Partners LLC purchased the ...

Feldman Mall Properties Inc. has formed a venture with Kimco Realty Corp. that will buy the Foothills Mall in Tucson, Ariz., for $104 million.The venture will buy the 482,351-square-foot shopping center from Felman, which acquired it in 2002 for $54 ...

Commercial Real Estate Direct Staff ReportCrescent Real Estate Equities bought Financial Plaza, a 311,000-square-foot office building in Mesa, Ariz.The Dallas REIT purchased the building in January from AmeriVest Properties for $55 million, about $177/sf. At the time, the buyer's identity ...

The Business Journal of Phoenix The Phoenix City Council is seeking development proposals for hotel, office and residential properties. The proposals will be considered as part of an initiative to improve two city blocks and Patriot's Square Park. High-rise properties ...

An Arizona investment group has paid $36.5 million for Rio Cancion Apartments, a 379-unit property in Tucson, Ariz.The investors, which operate under the name Long Term Investments LLC, funded the acquisition with $29.2 million in floating-rate financing from GMAC Commercial ...

The Business Journal of Phoenix Metropolitan Phoenix is expected to experience continued growth in all commercial real estate sectors, according to a new report by CB Richard Ellis. The area's industrial space ended 2005 with 5.5 percent vacancy rate and ...