Phoenix

The firm acquires a 20-story mid-rise office building in Phoenix, its first office acquisition in the market.

As more high net worth investors are willing to go higher on the risk curve for healthcare real estate, panelists at the recent GlobeSt. Healthcare Real Estate event talk risks and whether some older assets will survive.

The 24-story property features over 578,000 square feet of rentable space and is 84% occupied.

According to panelists at the recent GlobeSt. Healthcare Real Estate Conference held here this week, one of the things that makes medical office an attractive investment is that it is half as volatile as other real estate in terms of risk.

Industry veteran with three decades of experience in medical office, Patti Gentry joins the firm as SVP.

The developer buys one of the last remaining land sites in the southwest Phoenix submarket.

Marruci joins VP of Commercial Title and Zenobi joins the company as commercial escrow officer.

The developer secured $51.7 million of construction and permanent financing for Solstice of Mesa.