Prime Data Centers launches $3 billion investment in Avondale
Prime Data Centers, a leading international developer and operator of hyperscale and purpose-built data centers, today broke ground on the first three data centers of its new 5-building 240MW IT Phoenix campus in Avondale, Arizona. Each building is a 267,000-square-foot facility, delivering 48MW of critical IT load capacity. This serves as the opening phase of the campus, which will ultimately span 66.5 acres, 1.3 million square feet and 240MW of total critical power across five…»
Restaurants being built, opening at $100M Trailhead in metro Phoenix
The final buildings at the Trailhead mixed-use development in Peoria will break ground in the next few months, as the retail portion of the development nears full occupancy. Flower Child, a Fox Restaurant Concepts restaurant, is under construction and plans to open later this year at the $100 million development located at Happy Valley Road and 83rd Avenue. HonorHealth is also under construction on a medical office facility next to the restaurant site. The development, led by…»
Apollo-owned firm taps major banks for loan backing nearly 5,000 Sun Belt apartments
Lenders are marketing a $629 million commercial mortgage‑backed securities offering backed by 11 Bridge Investment Group multifamily properties — an uncommon securitization in which Bridge, typically an active lender, is instead the borrower. Bridge has a significant lending arm through its debt strategies division, which originates multifamily loans nationwide and packages them into bonds sold to investors. The firm has completed 17 such securitized deals, making it one of the…»
Berkshire Hathaway acquires Taylor Morrison for $8.5 billion
Scottsdale-based Taylor Morrison Home Corporation and Berkshire Hathaway Inc. jointly announced today that they have reached a definitive agreement for Berkshire Hathaway to acquire Taylor Morrison for $72.50 per common share in cash, representing a total equity value for Taylor Morrison of approximately $6.8 billion and total enterprise value of approximately $8.5 billion. The acquisition price represents a 24% premium to Taylor Morrison’s latest closing price of $58.50 on…»
SkySong adds 28,000 square feet of new leases and expansions
SkySong continues to see strong leasing activity with a new series of leases and expansions totaling more than 28,000 square feet across the project’s office buildings. The latest transactions include a mix of new tenants, expansions and long-term commitments from companies spanning financial services, construction, commercial real estate and professional services — reinforcing SkySong’s position as one of the region’s most active and resilient innovation-oriented office…»
