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185 'Fractured' Condo Units Acquired
By Amy Wolff Sorter
PHOENIX-The sale of partial condos La Terazza at Biltmore and Portofino for a combined $15 million show investor interest in half-sold projects. ... Full Story
Albertsons Pursuing Bankrupt Bashas'
By Amy Wolff Sorter
PHOENIX-Albertsons woos Bashas', which entered Chapter 11, despite the latter's rejection of Albertsons' $290 million offer. ... Full Story
Nine-Month Marketing Sign of Times
By Amy Wolff Sorter
MESA, AZ-The marketing and sale of the 82,373-square-foot Village Grove Shopping Center was prolonged due to pricing confusion and lack of comps. ... Full Story
130 Units Bought from Foreclosure
By Amy Wolff Sorter
PHOENIX-Investors have anteed up $16 million to pay for a chunk of the 145-unit Century Plaza condominiums, which were sold by the lender. ... Full Story
HSL Pays $13M for Cabrillo
By Amy Wolff Sorter
SCOTTSDALE, AZ-The Tucson buyer closes on the second of two Fairfield Residential deals, taking possession of the class B asset. ... Full Story
Opus West Files Suit Against Opus Corp.
By Amy Wolff Sorter
PHOENIX-Debtors in possession of the regional operating arm claim the Minnesota-based parent company siphoned almost $150 million of earnings. ... Full Story
Differences Definite in Phoenix, Tucson
By Amy Wolff Sorter
PHOENIX-Industrial experts tell different stories about the cities, that are 100 miles apart: Phoenix picks up while Tucson lags. ... Full Story
Elevation Chandler Ownership Uncertain
By Amy Wolff Sorter
CHANDLER, AZ-The see-through condo project was in court due to two trustee sales in June. Attorneys for both sides presented their cases last week. ... Full Story
Solar Great, Financing Not so Much
By Amy Wolff Sorter
PHOENIX-Though Arizona is attracting many solar companies, experts note that financing of solar and other renewable systems remains a challenge. ... Full Story
90,000-SF Office Asset is Fund's First
By Amy Wolff Sorter
PHOENIX-REVA Catalyst Fund buys Phoenix Peak in a transaction valued at just under $10 million. Expect more buys to follow, the manager says. ... Full Story
SEC Resolves Mortgages Ltd. Case
By Amy Wolff Sorter
PHOENIX-The Arizona Republic reports that Mortgage Ltd. Securities LLC's securities broker-dealer registration has been revoked. ... Full Story
BRE No Longer G&E, Now Cassidy Turley
By Amy Wolff Sorter
PHOENIX-Though the original plan was to shift form the Grubb & Ellis brand to its new name in March, the new name takes effect immediately. ... Full Story
Morgan Park Bought from Foreclosure
By Amy Wolff Sorter
PHOENIX-The 428-unit, class B asset, which once belonged to Atherton-Newport, is now in the hands of Northwind Properties for $18.5 million. ... Full Story
Foreclosure Auction Set for Centerpoint
By Amy Wolff Sorter
TEMPE, AZ-Following a months-long battle to find financing to complete the luxury condominium towers, the developer throws in the towel. ... Full Story
G&E to PHX: We're Not Going Anywhere
By Amy Wolff Sorter
PHOENIX-Days after BRE LLC split from Grubb & Ellis, the latter unveils plans to launch owned-and-operated branches in these cities. ... Full Story
HSL Spends $16M on Casa Santa Fe
By Amy Wolff Sorter
SCOTTSDALE, AZ-The Arizona company lays claim to the 264-unit, class B complex, buying it from Fairfield Residential. ... Full Story
Healthcare Trust Closes on 641,000 SF
By Amy Wolff Sorter
SUN CITY, AZ-The Scottsdale, AZ-based REIT pays $107 million to Roskamp Management Co. for its 17-asset medical office building portfolio. ... Full Story
CityNorth Developer Faces $290M Foreclosure
By Amy Wolff Sorter
PHOENIX-The Business Journal reports Capmark Finance is owed on the 627,000-square-foot mixed-use development spearheaded by Klutznick Co. ... Full Story
2009 Year of 'No Activity'
By Amy Wolff Sorter
PHOENIX-As housing goes, so goes retail. But experts note that housing is starting to stir, a little, and retail is likely to follow in 2010. ... Full Story
ALR Enters PHX Metro with 204-Unit Buy
By Amy Wolff Sorter
AVONDALE, AZ-Adams LaSalle acquires Newport Apartments from AIMCO for north of $8 million, and is seeking additional buys in the area. ... Full Story
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