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Phoenix: Valley of the Value-Added Opportunities

Phoenix: Valley of the Value-Added Opportunities

A 224-unit apartment community in Phoenix was recently sold for $9.64 million.…

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White Star Portfolio Shines for Boston-Based Fund

White Star Portfolio Shines for Boston-Based Fund

In a market where it is becoming increasingly hard to find Class A, industrial buildings that are located near major thoroughfares, Realty Associates Fund X, LP managed to close on a portfolio consisting of nine such industrial assets.…

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TODAY’S DEALS: Evidence of a Maturing Condo Market in Phoenix

TODAY’S DEALS: Evidence of a Maturing Condo Market in Phoenix

Transit-oriented condos come to Phoenix, and a California investor finds value in Kansas City. …

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Sun Devil Stadium’s New Neighbor to Get Sneak Preview

Sun Devil Stadium’s New Neighbor to Get Sneak Preview

If everything goes as planned for Arizona State University and Catellus Development Corp., a 330-acre tract located east of the Sun Devil Stadium in Tempe could become a thriving community.…

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Investors Knock at Casa Grande’s Door

Investors Knock at Casa Grande’s Door

The 1.75 million-square-foot PhoenixMart project that broke ground last November in Casa Grande, AZ has started to grab the attention of opportunistic investors such as the Siegel Group Nevada, Inc. Spurred by the area’s rising economy, the firm acquired a 483-unit extended stay property for $8.30 million.…

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It’s Official: From Tennis Courts to Luxury Guest Rooms

It’s Official: From Tennis Courts to Luxury Guest Rooms

By this time next summer, the Fairmont Scottsdale Princess hotel will have expanded by 102 new guest rooms. The announcement was made official this week by the owners of the hotel, Strategic Hotels & Resorts.…

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Phoenix’s Skyline and the Flight to Quality

Phoenix’s Skyline and the Flight to Quality

JLL has made a habit out of releasing yearly skyline reports and each year they offered details on how the nation’s skyscrapers were doing in terms such as vacancy, asking rates and net absorption. However, in 2015, the firm has outdone itself by not only releasing the report digitally, but…

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TODAY’S DEALS: Olympus Snaps Up ‘Rare’ Phoenix Opportunity

TODAY’S DEALS: Olympus Snaps Up ‘Rare’ Phoenix Opportunity

An investor buys next to Arizona's "best kept secret," and CityView completes a hat-trick of L.A. sales. Also, Hamilton Point acquires a property at well-below replacement cost.…

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Glendale Senior Care Facility to Break Ground

Glendale Senior Care Facility to Break Ground

A joint venture formed by Heritage Communities and Phoenix-based Telis Commercial Real Estate will break ground next month for Orchard Pointe at Arrowhead, a $20 million assisted living and memory care community in Glendale, AZ.…

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Olen Buys M-F Property in Mesa

Olen Buys M-F Property in Mesa

Olen Residential Realty Corp., a Newport Beach, CA-based firm, increased its Arizona portfolio with the acquisition of a 392-unit apartment complex in Mesa for $47 million.…

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Wilson, Phelps Get Green Light for Mixed-Use Project

Wilson, Phelps Get Green Light for Mixed-Use Project

A joint venture between Douglas Wilson Cos. and Phelps Development L.L.C. has received the final approval from the City of Tempe to move forward with the development of One Hundred Mill, two mixed-use towers located on the former site of Monti’s La Casa Vieja at the corner of Rio Salado…

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Select Income REIT Acquires Farmers Insurance Building

Select Income REIT Acquires Farmers Insurance Building

The Farmers Insurance Building located at 16001 N. 28th Ave. in the Arizona Business Park was recently sold for $16.85 million to Select Income REIT. The Newton, Mass.-based REIT acquired the 106,397-square-foot office building from an entity belonging to Sabal Financial Group.…

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