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UMOM Details Plans for Affordable Housing Project in Sunnyslope

UMOM Details Plans for Affordable Housing Project in Sunnyslope

A new affordable housing project is coming to Phoenix through the initiative of UMOM and through the financial support of the Arizona Department of Housing (ADOH) and The Bob & Renee Parsons Foundation.…

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Equus Capital Partners Takes 2 Scottsdale Office Buildings for $44M

Equus Capital Partners Takes 2 Scottsdale Office Buildings for $44M

By Liviu Oltean, Associate Editor Equus Capital Partners, Ltd. recently expanded  its Scottsdale footprint with the $44.1 million acquisition of two Class A office properties for $44.14 million,  92 Mountain View and Scottsdale Gateway I.  Totaling 223,131 square feet of space, the two-story buildings had a 96 percent occupancy rate…

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Habitat Metro, Sunbelt Holdings to Break Ground on $75M Downtown Condo Project

Habitat Metro, Sunbelt Holdings to Break Ground on $75M Downtown Condo Project

Habitat Metro, in a joint venture with Scottsdale-based Sunbelt Holdings, plans to break ground by the end of the year on Portland Park, a 170-unit mixed-use development.…

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March 2015 Debut Planned for 180-Key Sheraton Next to Cubs Complex in Mesa

March 2015 Debut Planned for 180-Key Sheraton Next to Cubs Complex in Mesa

Starwood Hotels & Resorts Worldwide, Inc. announced its Sheraton brand will open a new-build hotel in Mesa, immediately adjacent to Chicago Cubs' new spring training ballpark.…

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KBS Acquires Camelback Corridor Office Complex for $85M

KBS Acquires Camelback Corridor Office Complex for $85M

In an $85.1 million deal, KBS Real Estate Investment Trust III of Newport Beach, Calif., has acquired Anchor Centre, a 333,284-square-foot office development in Phoenix’s Camelback Corridor submarket.…

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Bob Parsons Entity Acquires Infill M-U Property in Tempe for $26.5M

Bob Parsons Entity Acquires Infill M-U Property in Tempe for $26.5M

Mill Avenue Office L.L.C., an entity owned by GoDaddy founder Bob Parsons, has acquired Hayden Station, a 107,508-square-foot office and retail development in Tempe, for $26.5 million (or $246.49 per square foot). The seller was Holualoa Cos. of Tucson.…

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Standard Pacific Launches New Community in Phoenix; Broadstone Camelback Awarded LEED Platinum

Standard Pacific Launches New Community in Phoenix; Broadstone Camelback Awarded LEED Platinum

California homebuilder Standard Pacific Homes has officially launched its newest gated community in Phoenix.…

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Bela Flor Unveils 121-Unit Condo Development in Mesa

Bela Flor Unveils 121-Unit Condo Development in Mesa

Real estate development firm, Bela Flor Communities announced the opening of Villa Rialto, a 121-unit affordable luxury condominium development in Mesa.…

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MIG Real Estate Pays $42M for M-F Community in Tempe

MIG Real Estate Pays $42M for M-F Community in Tempe

Newport Beach, California-based MIG Real Estate has acquired Quadrangles Village, a 510-unit multi-family community in the heart of Tempe. The purchase price was $41.875 million or $82,108 per unit…

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Buchanan Street Picks Up Office, M-F Properties for $43M

Buchanan Street Picks Up Office, M-F Properties for $43M

Newport Beach, Calif.-based Buchanan Street Partners teamed with Baron Properties of Denver, Colo., to purchase Vue Park West, a 260-unit luxury apartment community in Peoria. The partnership paid $30 million for the complex, or $115,300 per unit.…

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W. P. Carey Pays $43M for Chandler Office Building; Meritex Makes Local Debut With Industrial Acquisition

W. P. Carey Pays $43M for Chandler Office Building; Meritex Makes Local Debut With Industrial Acquisition

In a $43 million deal, W. P. Carey Inc. has acquired a three-story, 183,000 square-foot office building in the heart of Chandler’s Price Road Corridor, one of the most desirable areas of the Phoenix metro.…

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Mentor Properties Buys Peoria M-F Asset for $10.8M; Exeter Property Group Grabs Distribution Center in $13M Deal

Mentor Properties Buys Peoria M-F Asset for $10.8M; Exeter Property Group Grabs Distribution Center in $13M Deal

By Amalia Otet, Associate Editor In a $10.8 million deal, Mentor Properties Inc. has acquired Monterey Pines, a 216-unit apartment community in the Peoria suburb of Phoenix. The price translates to $50,000 per unit. Murano Properties, the seller, was represented by Cliff David, a vice president with Marcus & Millichap…

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