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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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Cole Acquires $56M Office Portfolio; Walton Street, Everest Holdings Pay $24M for Tempe Office Building

Cole Acquires $56M Office Portfolio; Walton Street, Everest Holdings Pay $24M for Tempe Office Building

By Amalia Otet, Associate Editor In a $23.5 million deal, a joint venture of Chicago-based Walton Street Capital L.L.C. and Scottsdale-based Everest Holdings has acquired Elliot Corporate Center, a 223,392-square-foot Class B office building in Tempe. Jim Fijan and Will Mast of CBRE Group Inc.’s Phoenix office represented the seller,…

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Cole Acquires $56M Office Portfolio; Walton Street, Everest Holdings Pay $24M for Tempe Office Building

Cole Acquires $56M Office Portfolio; Walton Street, Everest Holdings Pay $24M for Tempe Office Building

In a $23.5 million deal, a joint venture of Chicago-based Walton Street Capital L.L.C. and Scottsdale-based Everest Holdings has acquired Elliot Corporate Center, a 223,392-square-foot Class B office building in Tempe.…

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Gelt Buys Tempe M-F Complex for $15M; IHG Opens Holiday Inn Express in Scottsdale

Gelt Buys Tempe M-F Complex for $15M; IHG Opens Holiday Inn Express in Scottsdale

In a $15 million deal, Gelt Inc., has purchased Versante Apartments, a 240-unit multi-family complex in Tempe. The Tarzana, Calif.-based company made the value-add transaction with Prudential Real Estate Investors.…

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Plaza Cos. Plans Fall Start for SkySong’s 3rd Office Building

Plaza Cos. Plans Fall Start for SkySong’s 3rd Office Building

Plaza Cos. plans to break ground this fall on the third office building at SkySong -The ASU Scottsdale Innovation Center. To be located at 1475 North Scottsdale Road, near the 42-acre mixed-use development’s signature shade structure…

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Inland American Pays $103M for Student Housing Project in Tempe

Inland American Pays $103M for Student Housing Project in Tempe

One of Phoenix’s hottest property types, student housing, is on the rise thanks to constant demand and enrollment increases at Arizona universities.…

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Grand Canyon U. Picks DMB Site in Mesa for New Campus

Grand Canyon U. Picks DMB Site in Mesa for New Campus

Grand Canyon University will locate its second East Valley campus at Eastmark, a 3,200-acre master-planned community being developed by DMB Associates in Mesa. GCU will purchase 100 acres, with an option to buy 60 additional acres.…

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Allred Starts Office Building No. 6 at Chandler Mixed-Use Development

Allred Starts Office Building No. 6 at Chandler Mixed-Use Development

Douglas Allred Co. has broken ground on the sixth speculative office building at Allred Park Place, its master-planned mixed-use development in Chandler.…

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Nationwide Readies Fall Kickoff for 230-Acre Mixed-Use Project in Gilbert

Nationwide Readies Fall Kickoff for 230-Acre Mixed-Use Project in Gilbert

Nationwide Realty Investors Ltd. plans to kick off construction this fall of one of the biggest mixed-use projects in the Gilbert area, a 230-acre development at Gilbert Rd. and the Loop 202 freeway.…

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Alliance Residential Grabs High-End Chandler M-F Asset for $37.5M

Alliance Residential Grabs High-End Chandler M-F Asset for $37.5M

In a $37.5 million deal, Phoenix-based Alliance Residential Co. has acquired Villa Pallavicini, a 290-unit high-end rental apartment community located about two miles north of Chandler's Price Corridor. The sales price equates to $129,310 per unit.…

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OnTrac Moves HQ to Chandler; Whitestone REIT Grabs Phoenix Community Center for $23M

OnTrac Moves HQ to Chandler; Whitestone REIT Grabs Phoenix Community Center for $23M

OnTrac, the leader in regional overnight package delivery service in the eight Western States, plans to move its corporate headquarters to Chandler to accommodate the company’s growth demand.…

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