Development - Phoenix

2 Phoenix-Area Developments Secure $54M Financing
PCCP LLC provided the two senior loans that will be used to construct IDM Estrella Parkway in Goodyear, and IDM Cooley Station in Gilbert, Ariz. 
Market Rate
Phoenix Senior Living Community Begins $260M Redevelopment
The Weitz Co. has started construction of 34 patio homes at Beatitudes Campus as the first phase of a comprehensive eight-year expansion plan.
Senior Housing
Hines to Develop Luxury Community in Phoenix
The company’s first multifamily project in the city will target professionals working in the downtown area and looking for a high-end lifestyle in a core location.
Luxury

  • Optima Breaks Ground on Luxury Community in AZ

    The company has broken ground on phase II of Optima Kierland Center in Scottsdale, which will include 202 units. The project is slated for completion in 2020.

    02 October 2018 13:12

  • StreetLights Residential Breaks Ground in AZ

    The company assumed a $47.9 million loan to develop The Cameron, a 349-unit luxury community in Tempe.

    02 July 2018 16:35

  • Akara Partners Buys Land for Downtown Phoenix Tower

    The project, Kenect Phoenix, is set to comprise 320 units across 23 stories, and feature multiple rooftop amenities, as well as 8,000 square feet of ground-floor retail.

    14 June 2018 11:13

  • Downtown Phoenix’s 2nd Tallest Residential Tower Underway

    Parallel Capital Partners sold a one-acre parcel within Arizona Center to North American Development Group. The company intends to build there a $100 million, 30-story tower.

    20 April 2018 10:46

  • Housing Trust Group Completes Phase 1 of AZ Luxury Property

    Aviva, in the Phoenix suburb of Mesa, includes 166 units and features a 150-foot resort-style pool, electric car stations and yoga/spin studio. Phase two will be the addition of seven more buildings that will house the remaining 159 units.

    12 April 2018 15:15

  • High Street, MetLife Break Ground in Phoenix

    The partnership will construct a five-story 190-unit community that will include a coffee bar, interactive lounge space and gaming area.

    14 March 2018 16:31

  • JV Acquires $200M AZ Development

    Optima and Principal Real Estate Investors have procured phases I and II of Optima Sonoran Village Scottsdale. The partnership plans to develop phase III, which will feature a seven-story tower offering 176 apartment homes.

    19 February 2018 16:37

  • Walker & Dunlop Procures $50M Loan for Phoenix Asset

    The company utilized Freddie Mac’s Mod-Rehab Program, which features three years of interest-only payments at a floating rate. Almost $10 million has been allocated for improvements.

    14 February 2018 17:38

  • AZ, NC Senior Housing Lands $50M

    Greystone arranged the construction financing for the assets, which will comprise a total of 386 units.

    13 December 2017 19:25

  • Phoenix Condo Project Site Trades for $1.6M

    ABI Multifamily facilitated the land sale, which includes the planned development of a three-story, 16-unit luxury community called Aeries Townhomes.

    14 November 2017 16:31

  • MORGAN Enters Phoenix Market with Luxury Asset

    The 474-unit Pearl Biltmore will feature studios and one-, two- and three-bedroom floorplans, as well as several loft-style units. Construction is set to begin in 2018, with completion scheduled for 2019.

    08 November 2017 18:06

  • CDP Opens Affordable Phoenix Suburb Community

    El Rancho del Sol features 47 units and complements the adjacent El Rancho del Arte, a 66-unit property in Mesa, Ariz.

    08 November 2017 13:10

  • Work Underway on CA Ventures’ Phoenix Community

    The first of three phases of The LINK PHX is a 30-story mixed-use structure that will feature 257 apartments and 7,000 square feet of retail space, half of which will be reserved for start-ups, not-for-profit enterprises and artists.

    27 October 2017 14:32

  • HTG Debuts Luxury AZ Community

    Aviva, located in the Phoenix suburb of Mesa, Ariz., will feature 325 one-, two- and three-bedroom units. The $63 million project will welcome its first residents in January 2018, and Mark-Taylor will handle leasing.

    19 October 2017 15:58

  • PB Bell Begins Construction on AZ Senior Housing

    In partnership with Cadence Senior Living, the company is developing Inspira Arrowhead, a 165-unit senior housing community in Glendale, Ariz., that will feature both independent living and memory care apartments.

    18 October 2017 15:48

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