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03/23/2017
Blackstone REIT's Recent Buys Involve Blackstone Affiliates
Blackstone Real Estate Income Trust, the new, non-traded REIT launched by the investment firm that broke escrow two months ago, is taking advantage of its access to the private equity giant's institutional real estate investment platform. The REIT’s three...

03/22/2017
Starwood Ups Initial Bid for Milestone Apartments REIT Buyout
An affiliate of Starwood Capital Group agreed to sweeten its offer to take Milestone Apartments Real Estate Investment Trust private through a cash-for-stock transaction. Under the revised bid announced in a joint release by the two companies, Milestone...

03/21/2017
Top Commercial Real Estate Firms and Brokers in Arizona Win CoStar Power Broker Awards
Several top firms and real estate brokers in Phoenix and Tucson are among the winners of the annual CoStar Power Broker Awards. Now in its 16th year, the awards recognize those who perform at the highest levels in commercial real estate brokerage. Every...

03/20/2017
Office Lease Up (March 20) Goldman Sachs Agrees to Relocate Dallas Offices from Las Colinas to 170,000 SF at Trammell Crow Center
J.P. Morgan Asset Management locked up a new anchor tenant at the company's Trammell Crow Center in downtown Dallas with the signing of Goldman Sachs to a 170,000-square-foot lease. Goldman Sachs (NYSE: GS) is scheduled to relocate by Q1 2018 from...

03/17/2017
CoStar's People of Note (Mar. 17) - Colliers Florida Announces New Statewide Leadership, Principals Named at Lee & Associates, Next Realty
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Tampa / St. Petersburg, San Diego, Washington DC, Raleigh / Durham...

03/16/2017
Aspire Fitness Signs Lease for First Arizona Location
Aspire Fitness signed a lease for 37,092 square feet in the Chandler Sunset Plaza Shopping Center. Aspire Fitness has locations in six other states though this is its first location in Arizona. The Chandler Sunset Plaza building totals 125,682 square...

03/16/2017
TCC, Artis REIT Complete Construction on Park Lucero Bldg F
Trammell Crow Company (TCC) and Artis REIT have completed construction on Phase II - Building F of the Park Lucero business park in the Chandler Airport Industrial submarket of Maricopa County. 250 E. Germann Rd. in Gilbert, AZ totals 131,796 square...

03/16/2017
Capital Real Estate Acquires Palm Trails Apts
Capital Real Estate LLC has purchased the Palm Trails apartments at 235 E. Ray Rd. in Chandler, AZ for $28.75 million, or $142,000 per unit, from Stratford Partners Real Estate LLC. Built in 2002, the 203-unit multifamily complex totals 227,116 square...

03/16/2017
Sperry Commercial Gets First Affiliate in Land of the Rising Sun
Insignia Commercial Real Estate, and its team of seven brokers, has joined Sperry Commercial Global Affiliates as the group's first partner in the state of Arizona. With plans to expand to 15 to 20 brokers, Insignia expects to add different platforms...

03/15/2017
Preferred Apartment Communities Acquires Regents on University Student Housing
Preferred Apartment Communities (PAC), on behalf of its wholly-owned subsidiary Preferred Campus Communities LLC (PCC), acquired the Regents on University student housing facility at 1949 E. University Dr. in Tempe, AZ for $53.24 million, or about $237...

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