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Commercial Real Estate & Business News – July 1, 2022

Big Plans for Gilbert Field: A Development Where People Can Llinger Longer’

A plan for a 40-acre vacant field near Mercy Gilbert Medical Center aims to “create something different, unique and special,” a representative for the developer said. Indiana-based Thompson Thrift, which has several other projects around the Phoenix area, is…»

Anxiety, Optimism Collide in Apartment Industry

 

Periods of extreme optimism and those mired in a rising-inflation environment are circumstances the multifamily housing industry has dealt with before. But rare is today’s mood, according to RealPage’s Jay Parsons…»

Nearly 100 Acres of Industrial Land South of Phoenix Sell; 7 Other Real Estate Deals to Know

Scottsdale-based Walton Global has sold 92.81 acres of vacant land in Eloy for $9 million, according to Tempe-based Vizzda LLC real estate database. Buying the property, which is east of the northeast corner of Sunshine Boulevard and Interstate 10, is an…»

Idaho Investor Buys 2 Office Buildings in Scottsdale’s Gainey Ranch

Two Scottsdale office buildings separated by North Gainey Center Drive have traded hands.Eagle, Idaho-based Alturas Capital Partners acquired Gainey Ranch Town Center I and Gainey Ranch Town Center II office buildings in a…»

Canadian Investor Adds Three More Greater Phoenix Apartment Complexes to Portfolio

A Canadian multifamily investor has added to its growing presence in Arizona, paying $244 million to buy three apartment complexes in greater Phoenix this month from private-equity investor Kohlberg Kravis Roberts & Co. Western Wealth Capital, based in…»