Commercial Real Estate & Business News – March 8, 2022

CIM Group and Tides Equities have partnered to purchase Del Mar Terrace for $255 million. The 1,012-unit property is the largest market-rate asset in Phoenix. Based on the price tag, this was the second largest multifamily transaction in Phoenix history…»
About 25 miles north of downtown Phoenix, in the wilds approaching the edge of the city, hot air balloons often dot the skies. These bright, lumbering vessels carry passengers thousands of feet in the air for transcendent views of the Valley, with flights punctuated by …»
A partnership headed by local developer ViaWest Group just broke ground on a logistics building near Sky Harbor International Airport on one of the last available parcels for industrial development in central Phoenix. ViaWest and its general contractor…»
Los Angeles-based SAM Residential Group has acquired 1408 Casitas at Palm Valley, a 168-unit apartment property in Avondale, a submarket of Phoenix, for $36 million from 29th Street Capital. The deal is a value-add play for the investor. 1408 Casitas at…»
Dwellics, the authority in U.S city data and personalized advice on where to move, today unveiled the 2022 reports on the Top 100 Best Cities to Raise a Family in the Midwest, Northeast, South, and West. And Metro Phoenix did very well as Queen Creek was…»