Daily News – February 10, 2020

Cousins, Hines Team Up on $153M Tempe Project Cousins Properties and Hines have started construction of 100 Mill, a Class A, 287,000-square-foot office development in downtown Tempe, Ariz. The project has an estimated development cost of approximately $153 million and a completion date scheduled for the first quarter of…»

Arizona’s Biggest Parking Garage is Under Construction. Here’s Where
Arizona’s biggest parking garage is going up in the middle of Phoenix in one of its oldest shopping centers – Park Central Mall.The 10-story parking garage with 551,000-square-feet space will have more 2,000 spaces for the new $100 million Creighton University medical school, apartments,…»

Sarver-Owned Investment Firm Buys Two Scottsdale Resorts for $162M
A real estate investment firm founded by Phoenix Suns owner Robert Sarver has purchased two of the largest resorts in the Scottsdale area. San Diego-based Southwest Value Partners, which has offices in Scottsdale and Nashville, purchased the Hilton Scottsdale Resort & Villas and the Doubletree Resort…»

Joint Venture Buys Phoenix Office Campus for $27 Million
A joint venture between ViaWest Group and New York-based Taconic Capital Advisors has purchased Canyon Corporate Plaza in Phoenix from Washington, D.C.-based Northridge Capital for $27 million, or about $86 per square foot. The acquisition marks ViaWest and Taconic’s fourth joint…»

Scottsdale’s Taylor Morrison to be 5th Biggest U.S. Builder; Shareholders Approve $2.4B Deal
Scottsdale-based Taylor Morrison is about to become the fifth biggest home builder in the U.S. Shareholders approved the $2.4 billion deal for the builder to buy California-based competitor William Lyon Homes on Thursday. It’s Taylor Morrison’s second seven-figure acquisition in…»