Mavik Capital Management Closes $229M Construction Loan for Tempe Multifamily Development
•Mavik Capital Management
Southwest CRE News
Commercial Real Estate News
BGO Acquires 11-Property Ambulatory Surgery Center Portfolio From Flagship Healthcare Properties and AEW
•BGO
ViaWest Group and Colliers Complete 9-Acre Land Sale at Axis 85 Industrial Park in Buckeye, Arizona
•Colliers
JLL Arranges $66.8M Refinancing for Foundry Commercial and Stockbridge's South Florida Gateway Industrial Development
•JLL
Hanley Investment Real Estate Advisors Arranges $4.13 Million Sale of Single-Tenant Starbucks in Phoenix
•Hanley Investment Group
JLL Arranges $25 Million Financing for Sierra Ridge Capital's Riverside Light Industrial Portfolio Acquisition
•JLL
Hines Advances 2.3 Million-Square-Foot Industrial Portfolio Across Houston, Phoenix and Beyond
•Hines
FundraisingMultifamily
Thompson Thrift Launches Ninth Multifamily Development Partnership, Targeting $200M–$230M Across Five States
Thompson Thrift has launched Thompson Thrift 2027 Multifamily Development, LP, its ninth multi-project development partnership, targeting $200 million to $230 million in equity commitments from accredited investors. The offering will fund six Class A multifamily communities across Colorado, Kentucky, Montana, Arizona and Nevada, with securities offered through North Capital Private Securities.
•Thompson Thrift
Financing
Värde Partners Closes $65.5 Million Refinancing for Empire Group's Phoenix Build-to-Rent Community
Värde Partners has closed a $65.5 million floating-rate refinancing for Village at Sonoran Vista, a 240-unit build-to-rent community in north Phoenix developed by the Empire Group. WAY Capital arranged the loan, which supports lease-up of the newly completed property near Taiwan Semiconductor Manufacturing Co.'s Arizona campus.
•Single Family
PeopleLandMixed Use
Howard Hughes Names Kate Kaminski President of Arizona Region to Lead Teravalis
Howard Hughes Communities has promoted Kate Kaminski to President of the Arizona Region, succeeding Charley Freericks in a planned transition. Kaminski will oversee Teravalis, the company's 37,000-acre master planned community in Buckeye, Arizona.
•Howard Hughes
Property TransactionsIndustrial
OmniTRAX, Inc. Acquires 25-Acre Industrial Outdoor Storage Site in Casa Grande, Arizona
OmniTRAX, Inc. has acquired 25 acres of industrial outdoor storage land in Casa Grande, Arizona, expanding its rail-served footprint in the Phoenix market. The transaction is part of the company's $100 million commitment to build a national network of rail-served real estate sites.
•OmniTRAX, Inc.
More News
Property TransactionsMultifamilyWorkforce
Kidder Mathews Arranges $21.8M Sale of 113-Unit Multifamily Portfolio in Riverside, California
Kidder Mathews has arranged the $21.8 million sale of two adjacent workforce housing properties totaling 113 units in Riverside, California. Senior Vice President Jon Mitchell represented the seller in the transaction, which closed in approximately 60 days following a competitive marketing process that generated multiple offers.
•Kidder Mathews
DevelopmentMultifamily
Embrey Partners Acquires Land for 360-Unit Multifamily Development in Spring Hill, Nashville; PCCP Provides Financing
Embrey Partners has acquired land for Hollis at Legacy Pointe, a 360-unit Class A garden-style apartment community in Spring Hill, Tennessee, with PCCP providing development financing. Construction is expected to begin in the fourth quarter of 2026, with first move-ins targeted for the second quarter of 2028.
•Embrey Partners
Property TransactionsMultifamilyMixed Use+1
Decron Properties Acquires 5550 Wilshire in Los Angeles for $114 Million
Decron Properties has acquired 5550 Wilshire, a 163-unit mixed-use apartment community in Los Angeles' Miracle Mile district, for $114 million. JLL's Blake Rogers represented both buyer and seller in the transaction, which marks Decron's first acquisition in nearly two years.
•Decron
Property TransactionsMultifamily
Hamilton Zanze Expands HZ Evergreen Fund to 12 Properties With Eugene, Fredericksburg Additions
Hamilton Zanze has contributed two multifamily communities — Ecco Apartments in Eugene, Ore., and The Kingson in Fredericksburg, Va. — to its HZ Evergreen Fund, bringing the portfolio to 12 properties across six states. The fund's net asset value now exceeds $340 million, with gross asset value surpassing $800 million.
•Hamilton Zanze
DevelopmentHealthcare
Intuitive Health and Baptist Health Hardin Open 24,000-Square-Foot Combined ER and Urgent Care Facility in Radcliff, Kentucky
Intuitive Health and Baptist Health Hardin have cut the ribbon on a 24,000-square-foot, two-story combined emergency room and urgent care facility in Radcliff, Kentucky, the fourth such hybrid site in their growing regional partnership. The facility at 2763 Centennial Ave. opened to the public September 14, 2026, and operates its emergency department around the clock.
LeasingMixed UseRetail
Popup Bagels to Open First Arizona Location at Gilbert's Heritage Park as Five Tenants Join Mixed-Use Project
Heritage Park, a mixed-use development rising at the northern gateway of Gilbert's Heritage District, has announced its first five tenants, headlined by Popup Bagels' inaugural Arizona location. The project, situated at Gilbert Road and Juniper Avenue, is targeting early second-quarter 2027 openings for its retail and restaurant component.
•Creation
FinancingMixed UseMultifamily+1
Dwight Capital Closes $130M Bridge Refinance on SAIYA Mixed-Use Tower for Bridge Investment Group and Hatteras Sky
Dwight Capital provided a $130 million bridge refinance for SAIYA, a newly completed 23-story mixed-use development in Downtown Phoenix's Roosevelt Row Arts District. The loan was originated on behalf of borrowers Bridge Investment Group and Hatteras Sky.
•Dwight Capital
LeasingIndustrial
Palmer Donavin Signs 225,000-SF Build-to-Suit Lease at Falls Lake Industrial Park, Represented by Newmark
Palmer Donavin, a building materials distributor and door fabricator with more than 120 years in business, has signed a 225,000-square-foot build-to-suit lease at Falls Lake Industrial Park in Butner, North Carolina. Eric Shea and Doug Brock of Newmark represented the tenant in the transaction.
•Trinity Capital Advisors
DevelopmentMultifamily
Crescent Communities Opens 300-Unit NOVEL Douglasville Multifamily Community in Metro Atlanta
Crescent Communities has opened NOVEL Douglasville, a 300-unit Class A multifamily development located approximately 20 miles west of Atlanta within The Trails mixed-use project in Douglasville, Georgia. Financial partners on the development include CIBC, Great Southern Bank, and Phoenix Capital Management.
•Crescent Communities