Regions Southwest | Phoenix
Phoenix Office Property Fetches $9.5M
Aug. 15, 2008
Ownership of Camelwest Plaza at 1951 and 2001 W. Camelback Rd. in Phoenix has changed hands in a deal valued at $9.5 million.
Phoenix Apartment Property Fetches $10M
Aug. 08, 2008
Ownership of Brookside, a 203-unit multi-family property in Phoenix, has just come under new ownership courtesy of a transaction valued at $10.3 million.
Suburban Phoenix Mixed-Use Project Nets $65M Financing
July 31, 2008
With construction starting earlier this year on Park Place, a mixed-use development in the Phoenix suburb of Chandler, Ariz., developer Cybert Hall Partners has gained $65.2 million in financing for the project. Buchanan Street Partners negotiated the financing package on behalf of Cybert Hall.
Arizona Biltmore to Get $300M Facelift
July 31, 2008
The Arizona Biltmore Resort & Spa is set to undergo a $300 million renovation. Initial plans for the renovation call for the addition of 300 guest rooms, a spa and expanded restaurant facilities. The resort's owners are hoping that the city of Phoenix will approve their zoning request, which was filed on July 9.
Avent Building FORT Takes New Suburban Phoenix BTS
July 28, 2008
Despite a local office market pushing 19 percent vacancy, the newly-constructed Avnet Building in the Phoenix suburb of Chandler was sold to FORT Properties Inc. for $35.2 million.
Kennedy Funding Closes Loan to National Retail Development Partners for Arizona Mixed-Use
July 22, 2008
Kennedy Funding Inc. closed a $11 million loan to National Retail Development Partners for site development and construction of a mixed-use office and retail complex in Scottsdale, Ariz.
Opus West Signs 5 New Tenants at Pima Center in Scottsdale
July 22, 2008
Opus West Corp. has announced five new office tenants at the 1-million-square-foot Pima Center, an office campus  located at the Loop 101 freeway at Via de Ventura in Scottsdale, Ariz.
JV Acquires Hyatt Regency Phoenix for $96M
July 18, 2008
PCCP L.L.C. in joint venture with DiNapoli Capital Partners has purchased the Hyatt Regency Phoenix in downtown Phoenix, Ariz. for approximately $96 million from Strategic Hotels and Resorts Inc.
Boardwalk at Andersen Springs in Chandler Sold for $20M
July 15, 2008
CB Richard Ellis has negotiated the sale of The Boardwalk at Andersen Springs, a 92,231-square-foot retail center located at 1949-1989 W. Ray Road in Chandler, Ariz.
330,000SF Outlet Mall Planned for Phoenix Area
July 10, 2008
Tanger Factory Outlet Centers Inc. has just revealed that it will develop an upscale outlet shopping center in suburban Phoenix.
Lincoln Property Buys Buckeye 75 Distribution Park in Phoenix
July 08, 2008
Lincoln Property Co. has acquired Buckeye 75 Distribution Park, a multi-tenant 458,936-square-foot Class A property, in Phoenix, Ariz.
Starwood Land Ventures Adds West Region President to Oversee Expansion
July 01, 2008
Starwood Land Ventures L.L.C. continues to expand its nationwide presence with the addition of West region president, Michael Forsum.
CBRE Buys Outstanding Shares in Tucson JV Company
July 01, 2008
CB Richard Ellis Group Inc. has acquired the 50 percent outstanding shares of its joint-venture company in Tucson, Ariz.
New York Investment Group Inks Deal to Buy Iconic Hayden Ferry Lakeside Office Tower
June 27, 2008
HF Lakeside II L.L.C., a subsidiary of Sumitomo Corporation of America, purchased a 12-story commercial office tower at Hayden Ferry Lakeside in Tempe, Ariz., from SunCor Development Co.
Tight Money May Kill Pair of Phoenix Developments
June 25, 2008
Two of the Phoenix, Ariz.-based projects may fall prey to the financial woes of Mortgages Ltd., The Arizona Republic reported.
Ryan West Business Park Welcomes New Tenant to 72,600SF Space
June 20, 2008
Concluding its search for a larger home, QuietFlex Manufacturing Co. has settled on 72,600 square feet of space at Ryan West Business Park in Tolleson, Ariz., a move that will nearly triple its manufacturing space.
Tenant Green-Lighted for 76,600-SF Lease at Pinnacle
June 17, 2008
Redflex Traffic Systems Inc. has settled on Pinnacle Peak Commerce Center in Phoenix, Ariz., for its new home.
Technology Supply Firm Stays Put in 132,000SF at ASU Research Park
June 12, 2008
Avnet Inc. will continue to call the Arizona State University Research Park in Tempe, Ariz., home, now that the company has signed a lease extension for its 132,000-square-foot digs at 8700 Price Road.
Franklin Pierce University Inks Deal for 30-Acre Arizona Land
June 10, 2008 - Source: Phoenix Business Journal
Located in the city of Goodyear, the new campus will see Phase One construction completed by 2012, while full buildout is expected to take 15 years.
O’Flanagan Joins Lincoln Property as Director, Property Management
June 06, 2008
Deborah O’Flanagan has been named director of property management for Lincoln Property Co.’s west region.
High-Tech Building in Phoenix on Block
June 05, 2008
Binswanger has been named exclusive agent by Biltmore Holdings for the sale of a fully air-conditioned, one-story, 270,000-square-foot building on 21 acres at 5005 E. McDowell Road in Phoenix, Ariz.
Vacant 17,200-SF Industrial Property Finds New Owner
June 04, 2008
The 17,200-square-foot industrial building at 1104 W. Geneva in Tempe, Ariz., is now under the ownership of California investor Jeff Lion, who snapped it up from BRS-San Diego Commerce Center L.L.C.
Tenant Stays Put in Scottsdale Building, and Grabs More Space
June 03, 2008
Primus Pharmaceuticals has decided to keep its name on the tenant roster at the nearly 80,500-square-foot office building 4725 N. Scottsdale Road in Phoenix, Ariz., by renewing its lease and simultaneously expanding its occupancy to nearly 6,500 square feet with property owners Anderson Highland Park L.L.C. and Wolf Highland Park L.L.C.
Thomas Properties Expands Investment Management Platform with $250M JV Allocation
June 02, 2008
Thomas Properties Group Inc. has entered into an agreement with UBS Wealth Management/North American Property Fund Limited, in which UBS will allocate $250 million to a joint venture program with Thomas Properties to acquire class A office properties in U.S. markets.
Security Firm Leases 25,000SF Building in Tempe
May 30, 2008
There is no room left on the tenant roster at 2035 W. 4th Street in Tempe, Ariz., now that Lifelock Inc. has committed to occupying every inch of the 25,000-square-foot building under a lease with property owner BoMin2035M L.L.C.
 

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