Phoenix

JV Buys 660-Unit Haven from Foreclosure

Fri, 25 May 2012 09:37:00 EST

TEMPE, AZ-Interwest Capital and Angelo, Gordon & Co. pay $46 million to servicer Petra Capital Management. The new owners plan upgrades to the tune of $5,000 per unit.

O'Meara Takes Reins at Marcus & Millichap as Capital Markets Director

Thu, 24 May 2012 17:24:00 EST

PHOENIX-Fresh from a 10-year stint at Inland Real Estate in Chicago, Patrick O'Meara is ready to build up debt and equity financing in Phoenix and to encourage capital investment across all CRE sectors.

ViaWest Acquires Remaining Timberline Units for $8M

Wed, 23 May 2012 13:38:00 EST

FLAGSTAFF, AZ-The Phoenix investor ends up with 102 multifamily units from the original 204 converted into condo units during the mid-2000s.

Excel Takes Lake Pleasant Pavilion Shopping Center for $42M

Mon, 21 May 2012 00:00:00 EST

PEORIA, AZ-San Diego-based Excel Trust Inc. has acquired Lake Pleasant Pavilion Shopping Center situated in Peoria for $41.75 million.

Victory Park Owner Partners with Trademark for Retail Reposition

Sat, 19 May 2012 16:12:00 EST

DALLAS-Estein & Associates taps Trademark to develop and implement a leasing strategy for retail and undeveloped land in the mixed-use project. Also: CRE news from the Southwest.

Kornwasser Sells Lakeview Pleasant Pavilion for $42M

Fri, 18 May 2012 13:07:00 EST

PEORIA, AZ-San Diego-based Excel Trust acquires the 373,000-square-foot community shopping center, which has a 185,000-square-foot Super Targe as its shadow anchor.

Lennar Homes to Build 83 New Single-Family Homes in El Mirage

Mon, 14 May 2012 00:00:00 EST

EL MIRAGE, AZ-Lennar Homes will construct 83 new single-family homes in El Mirage.

Six Questions for Robert Kline

Wed, 09 May 2012 09:40:00 EST

SCOTTSDALE, AZ-GlobeSt.com chats with the CEO and principal of RW Kline Cos. about trends in retail real estate and what's happening with note sales.

Perini to Build Hotel, Casino at Gila River Tribe's Vee Quiva

Tue, 08 May 2012 00:00:00 EST

PHOENIX-The Gila River Indian Community has selected Perini Building Company Inc. to build a new resort hotel and casino at Vee Quiva Casino in Laveen.

Velocity Launches New Division, Plans CRE "Big Box" Reuse

Thu, 03 May 2012 10:38:00 EST

PHOENIX-CRE veteran Mike Fitz-Gerald joins Velocity's Dave Cheatham to run the new ReStoreD, which will analyze new -- and adaptive -- reuse for vacant, hard-to-lease retail big boxes.

RED Development Picks Up The Borgata in Scottsdale

Thu, 03 May 2012 00:00:00 EST

SCOTTSDALE, AZ-RED Development is expanding its portfolio in the Phoenix area with the purchase of The Borgata in Scottsdale.

Investment Adviser Picks Up Lincoln Commerce Park 2 for $26M

Wed, 02 May 2012 00:00:00 EST

PHOENIX-Cornerstone Real Estate Advisors has picked up Lincoln Commerce Park 2, a four-building industrial complex at Broadway Road and 11th Street in South Phoenix, for $26.1 million.

Passco Sells Alanza Place Apartments for $38M

Wed, 02 May 2012 00:00:00 EST

PHOENIX-A Class A apartment complex situated on the north side of the Phoenix Airport Marriott Hotel has changed hands.

Depot Marketplace Change Hands for $11M

Tue, 01 May 2012 00:00:00 EST

PRESCOTT, AZ-Depot Marketplace, a 91,500-square-foot retail center in downtown Prescott, has changed hands for $11.2 million.

StreetLights Residential Breaks Ground on First Multifamily Property

Mon, 30 Apr 2012 14:00:00 EST

DALLAS-The company moves dirt on the 308-unit Taylor by StreetLights, which will be completed by 2014. Also: Other commercial real estate news from the southwest.