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Phoenix Apartment Market Podcast

Phoenix Apartment Market Podcast

Pierce Eislen's Ron Brock Sr. and MHN's research editor Jack Kern discuss Phoenix apartment market fundamentals in this edition of our market research podcast. …

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Whitestone REIT Buys N. Scottsdale Community Center for $37M

Whitestone REIT Buys N. Scottsdale Community Center for $37M

In a $37.4 million deal, Whitestone REIT acquired Market Street at DC Ranch, a 241,280-square-foot mixed-use neighborhood center in North Scottsdale, from DMB.…

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Liberty Property Trust Breaks Ground on 1 MSF Tempe Business Park

Liberty Property Trust Breaks Ground on 1 MSF Tempe Business Park

Liberty Property Trust broke ground on Building One, the first of up to 11 planned buildings at Liberty Center at Rio Salado, a sustainable mixed-use business park under development in Tempe.…

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Freeport-McMoRan Center Receives TOBY Award; MIG Picks Up Class A Office Building

Freeport-McMoRan Center Receives TOBY Award; MIG Picks Up Class A Office Building

Freeport-McMoRan Center, a 26-story mixed-use building in the heart of downtown Phoenix managed by Transwestern, received The Outstanding Building of the Year (TOBY) Award for 2013 from the Building Owners and Managers Association (BOMA), Greater Phoenix chapter.…

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Mark-Taylor Breaks Ground on Gilbert M-F Community; Crescent Kicks Off $61M M-F Project in Scottsdale

Mark-Taylor Breaks Ground on Gilbert M-F Community; Crescent Kicks Off $61M M-F Project in Scottsdale

Mark-Taylor, Inc. recently broke ground on San Privada, a 296-unit luxury rental community in Gilbert.…

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Apple Acquires 1.3 MSF Manufacturing Facility in Mesa for Supplier

Apple Acquires 1.3 MSF Manufacturing Facility in Mesa for Supplier

In a $113.57 million deal, Apple Inc. has purchased a brand-new, 1.3 million-square-foot industrial property on an 83-acre site in Mesa, the Phoenix Business Journal reported.…

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Buchanan Street Buys $52.6M Portfolio; Hines’ Camelback II Earns State’s 1st LEED Platinum for Existing Buildings

Buchanan Street Buys $52.6M Portfolio; Hines’ Camelback II Earns State’s 1st LEED Platinum for Existing Buildings

In a $52.6 million deal, Buchanan Street Partners has acquired a 10-building portfolio totaling 446,000 square feet in metropolitan Phoenix from Carlson Real Estate Co. The sale price equates to $118 per square foot.…

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Alliance Plans 316-Unit M-F Project in Scottsdale; Bridge Investment Group Pays $38M for Mesa M-F

Alliance Plans 316-Unit M-F Project in Scottsdale; Bridge Investment Group Pays $38M for Mesa M-F

Alliance Residential acquired a 5.4-acre multi-family development tract at 75th Street and Stetson Drive in Downtown Scottsdale with plans to break ground on an upscale apartment project later this year.…

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Diversified International, Alliance Residential Buy Tempe M-F Asset for $15M

Diversified International, Alliance Residential Buy Tempe M-F Asset for $15M

In a $15 million deal, San Diego, California-based Stratford Partners and Pathfinder Partners sold Dorsey Place, an 84-unit, condominium-style apartment building in Tempe, to a joint venture between Diversified International Partners and Alliance Residential of Phoenix.…

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Liberty Acquires 2 Tempe Industrial Buildings as Part of $1.5B National Deal

Liberty Acquires 2 Tempe Industrial Buildings as Part of $1.5B National Deal

Liberty Property Trust acquired two industrial buildings in Tempe as part of a larger deal that added 177 properties to the company’s national portfolio and expanded its industrial platform by approximately 23 million square feet.…

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Sentinel Buys Luxury M-F in Scottsdale for $58M; Fountain Hills Plaza Commands $21M

Sentinel Buys Luxury M-F in Scottsdale for $58M; Fountain Hills Plaza Commands $21M

In a $57.75 million deal, New York City-based Sentinel Real Estate Corporation purchased The Paragon at Kierland, a 276-unit, Class A luxury apartment complex located on the Westin Kierland Golf Course in Scottsdale, from Sunstone Realty Advisors of Vancouver, Canada.…

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DMB Sells Tempe’s Centerpoint on Mill for $38M; Wood Partners to Build Luxury M-F Complex in Scottsdale

DMB Sells Tempe’s Centerpoint on Mill for $38M; Wood Partners to Build Luxury M-F Complex in Scottsdale

In a $38.35 million deal, Scottsdale-based DMB, Inc. sold Centerpoint on Mill, a 127,027 square-foot commercial property in the heart of downtown Tempe,…

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