CBRE Arranges $45.8 Million Refinancing for Scottsdale Towne Center Retail Property
•CBRE
Southwest CRE News
Commercial Real Estate News
Ryman Hospitality Properties Closes $658 Million Equity Offering, Backed by JPMorgan, Bank of America, Wells Fargo and Others, to Fund $1.38 Billion Orlando Resort Acquisition
•Ryman Hospitality Properties, Inc.
Marcus & Millichap Brokers Sale of 115-Room Staybridge Suites in Las Cruces, New Mexico
•Marcus & Millichap
JLL Arranges $8.97M Acquisition Financing for Waterway Family Funds at Florence, Kentucky Industrial Facility
•JLL
JLL Arranges $248.9M Fannie Mae Refinancing for Brookdale Senior Living's 45-Property Portfolio
•JLL
Almanac Realty Investors Commits $250 Million to AmCap Ventures in Inaugural Horizon Fund Deployment with Australian Retirement Trust
•Neuberger Berman
Ryman Hospitality Properties to Acquire Grande Lakes Orlando from Trinity Investors, Elliott Investment Management for $1.38 Billion
•Trinity Fund Advisors
LeasingWarehouse & Distribution
Kidder Mathews Secures 151,451 SF Warehouse Lease for Marketech International Corporation in Phoenix's Deer Valley
Marketech International Corporation, a Taiwan-based technical service provider to semiconductor fabs, has signed a lease for a 151,451-square-foot warehouse in Phoenix's Deer Valley submarket to support its ongoing partnership with TSMC. Kidder Mathews Executive Vice Presidents Mike Ciosek and Eric Bell represented the tenant in the transaction.
•Kidder Mathews
Property Transactions
CBRE Arranges $52.4 Million Sale of Avia 266 in Mesa, Arizona for Geringer Capital
CBRE arranged the $52.4 million sale of Avia 266, a 267-unit garden-style multifamily community in Mesa, Arizona, with Matt Pesch, Asher Gunter and Austin Groen representing seller Geringer Capital. San Diego-based ColRich acquired the property, which will be renamed The Remy, assuming an existing HUD loan as part of the transaction.
•MultifamilyWorkforce
DevelopmentMixed UseRetail+1
Thompson Thrift Opens 64,000-Square-Foot Safeway at The Gilmore Mixed-Use Development in Gilbert, Arizona
Thompson Thrift marked a key milestone at its 35-acre mixed-use development in Gilbert, Arizona, with the grand opening of an approximately 64,000-square-foot Safeway grocery store at The Gilmore. The project combines roughly 200,000 square feet of retail space with 300 luxury apartment homes currently in pre-leasing.
•Thompson Thrift
Property TransactionsOffice
BH Properties Acquires 297,591-SF Tollway North Office Park in Plano from KBS, Expanding Legacy Campus to 675,000 SF
BH Properties has acquired the 297,591-square-foot Tollway North Office Park in Plano, Texas from KBS, with Newmark representing the seller. The deal expands BH's footprint in Plano's Legacy corridor to more than 675,000 square feet across 14 buildings.
•BH Properties
More News
Property TransactionsIndustrialWarehouse & Distribution
CapRock Partners Acquires 244,847-SF Class A Industrial Property in Surprise, Arizona; KBC Advisors Facilitates Deal
CapRock Partners has acquired Summit at Surprise, a newly completed 244,847-square-foot, two-building Class A industrial park in Surprise, Arizona. KBC Advisors facilitated the transaction, which expands CapRock's Phoenix-area industrial portfolio to approximately 7 million square feet.
•CapRock Partners
People
Draper and Kramer Appoints Craig Robinson and Donald Huffner to Board of Directors
Chicago-based Draper and Kramer has appointed Craig Robinson and Donald Huffner as independent members of its board of directors. The two executives bring backgrounds spanning institutional real estate investment, property technology, single-family rental platforms, and business transformation.
•Draper and Kramer
LeasingWarehouse & Distribution
Kidder Mathews Brokers 151,451-SF Warehouse Lease for Marketech International Corporation in Phoenix's Deer Valley
Marketech International Corporation has finalized a lease for a 151,451-square-foot warehouse at 950 West Rose Garden Lane in Phoenix's Deer Valley submarket, with Kidder Mathews representing the tenant. The deal marks the fifth transaction Kidder Mathews has completed on behalf of the Taiwanese technology service provider, which supports Taiwan Semiconductor Manufacturing Company's expanding North Phoenix campus.
•Kidder Mathews
Property TransactionsIndustrialWarehouse & Distribution
Stonemont and PCCP LLC Acquire 38-Building Link Logistics Portfolio From Blackstone for $1 Billion
Stonemont and PCCP LLC are acquiring a 38-building, 5.9 million-square-foot industrial portfolio from Blackstone's Link Logistics in a deal valued at approximately $1 billion. JPMorgan Chase and Wells Fargo financed the transaction, which spans five high-growth Sunbelt and Southeast markets.
•Stonemont
LeasingIndustrial
Ship Daddy, LLC Leases 79,420 SF at Level Crossing 3 in Surprise, with Chris Reese of Colliers Representing Tenant
Ship Daddy, LLC, an omnichannel fulfillment provider, has leased 79,420 square feet at Level Crossing 3 in Surprise, Arizona, a 150,615-square-foot industrial building owned by Silver Creek Development and Hardy World. Chris Reese of Colliers represented the tenant, while a four-broker Colliers team represented ownership in the transaction.
•Colliers
Property TransactionsMultifamilyLand
Crescent Communities Closes Land for NOVEL Norterra, a 248-Unit Multifamily Development in Northern Phoenix
Crescent Communities has closed on an 8.5-acre site in northern Phoenix for NOVEL Norterra, a planned 248-unit multifamily community backed by NEC Capital Solutions Limited, Sumitomo Mitsui Trust Panasonic Finance Co. LTD, and UMB Financial Corporation. Construction is scheduled to begin in July 2026, with first move-ins anticipated in spring 2028.
•Crescent Communities