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Whitestone Buys 2 Fulton Ranch Retail Centers in $48M Deal

Whitestone Buys 2 Fulton Ranch Retail Centers in $48M Deal

Houston-based Whitestone REIT has recently expanded its footprint in Phoenix through the $47.9 million acquisition of the Fulton Ranch Towne Center and The Promenade at Fulton Ranch. The two assets are part of the Fulton Ranch, a 520-acre, master-planned community in Chandler.…

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Meritex, Metro Get Green Light for Chandler Industrial Complex

Meritex, Metro Get Green Light for Chandler Industrial Complex

The Chandler City Council recently greenlit a Planned Area Development (PAD) zoning request and approved the plan for the development of Chandler Airport Center, a three-building industrial park in Chandler. The industrial project will be developed by Meritex Chandler and Tempe-based Metro Commercial Properties. The latter will also…

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BKM Capital Acquires Black Canyon Business Park, Plans $5M Upgrade

BKM Capital Acquires Black Canyon Business Park, Plans $5M Upgrade

BKM Capital Partners, a California-based collaborative investment firm, has recently acquired a three-property office portfolio for $42.8 million. The portfolio comprises the Black Canyon Business Park in Phoenix; the Hayden Island Business Park in Portland; and the Patrick Commerce Center in Las Vegas.…

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Hines Plans Early 2015 Construction Start For Chandler Mixed-Use Project

Hines Plans Early 2015 Construction Start For Chandler Mixed-Use Project

Hines recently closed on a 25.5-acre site at the northwest corner of the Loop 101 and Loop 202 Interchange and in the vicinity of the Chandler Fashion Center. The company has been planning to develop there a project called Chandler Viridian for more than two years.…

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Catellus Wins Nod to Develop ASU’s Athletic Facilities District

Catellus Wins Nod to Develop ASU’s Athletic Facilities District

Arizona State University has enlisted Catellus Development Corporation as master developer for its ASU Athletic Facilities District, a mixed-use, 330-acre development. The district, which is envisioned to be a model for urban neighborhood design and sustainability, will be located at the northeast end of ASU’s Tempe campus, which neighbors the…

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OliverMcMillan Unveils Plans for Apartment Community in Tempe

OliverMcMillan Unveils Plans for Apartment Community in Tempe

OliverMcMillan, a boutique real estate developer, recently made public plans for the development of SALT, a four-story, 265-unit, Class A apartment community in Tempe. The project is located on a 3.7-acre tract in the Hayden Ferry Lakeside master planned community, which includes residential, hospitality and office developments.…

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American Traffic Solutions Picks Mesa Office Campus for 108 KSF Headquarters

American Traffic Solutions Picks Mesa Office Campus for 108 KSF Headquarters

American Traffic Solutions (ATS), a provider of traffic safety, mobility and compliance solutions, recently made public its plan to relocate over 600 employees to The Waypoint in Mesa, a new Class A office campus. The company will consolidate operations in one of two new buildings that are being developed by…

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Faris Lee Closes $22M Sale of Watson Marketplace in Buckeye

Faris Lee Closes $22M Sale of Watson Marketplace in Buckeye

Faris Lee Investments, an Irvine-based retail advisory and investment sales firm, recently announced that it helped close the $22 million sale of Watson Marketplace, a fully-leased 90,000-square-foot retail center in Buckeye, AZ. The transaction entailed 55,153 square feet of retail space leased to national credit and regional tenants such as…

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Lease Deal Paves Way for $350M USA Place Project in Tempe

Lease Deal Paves Way for $350M USA Place Project in Tempe

In August 2013, Commercial Property Executive reported on USA Place, a $350 million mixed-use project to be developed near Arizona State University in Tempe. After more than a year of planning, the project is moving forward as the developers managed to come to an agreement with ASU for…

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NexMetro to Develop Hybrid Single-Family Home Community in Goodyear

NexMetro to Develop Hybrid Single-Family Home Community in Goodyear

NexMetro, a Phoenix-headquartered developer, has increased its Valley presence through the acquisition of 9.7 acres of land at the northwest corner of Falcon Drive and Indian School Road in Goodyear. The acquisition closed on August 22, 2014.…

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Wood Partners, PREI Close on M-F Project Site; NewQuest Epic’s Big Buy Includes Phoenix Asset

Wood Partners, PREI Close on M-F Project Site; NewQuest Epic’s Big Buy Includes Phoenix Asset

An entity formed by Wood Partners and Prudential Real Estate Investors, PR III/Wood Chandler Apartments, recently completed the purchase of a property slated for a 301-unit apartment community redevelopment in downtown Chandler.…

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TODAY’S DEALS: Bruckal Buys 436 Units in Phoenix

TODAY’S DEALS: Bruckal Buys 436 Units in Phoenix

Colliers brokers the sale of a Class B asset in Phoenix; Berkshire Group acquires a Class A apartment community near Boston; and Berkadia secures $20.3 million for a property in Austin.…

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