The investment firm behind an Arizona office campus once filled entirely by the University of Phoenix is getting a tough lesson after selling the three-building portfolio for a fraction of its former price tag.
The Scion Group and an Ares Real Estate fund have launched a joint venture to acquire a 12-property, 7,578-bed student housing portfolio for $910 million from Harrison Street Asset Management.
More than 2,000 acres of farmland in Buckeye, Arizona, could be transformed into the region’s next employment hub and create what local officials estimate could be more than $1 billion in economic benefits, a proposal that provides a glimpse into the growth of one of the nation’s fastest-expanding large cities.
CVS Health's yearslong restructuring push has officially landed in the Phoenix area with the pharmacy giant's move to terminate the lease for one of its largest offices.
Newly released data from the U.S. Census Bureau reiterates the Valley’s strong demographic profile and provides deeper insight into where population gains are happening.
Phoenix emerged as a popular relocation option for Southern California logistics users over the past five years, as a sharp run-up in Inland Empire rents pushed the cost spread between the two markets to unusually wide levels.
MetLife has acquired Grandstone at Sunrise, a 140-unit, built-to-rent apartment complex in Peoria, Arizona, from Thompson Thrift for $45.85 million, or $327,500 per unit.
Macerich is betting big on malls by reshaping its portfolio, trading up to higher‑quality centers, refilling vacant anchor space with more dynamic tenants and banking on a renewed embrace of the retail property centers long maligned by Generation Z shoppers.
Gross operating margins across major U.S. hotel markets continue to reflect an uneven recovery pattern, with 2025 results highlighting a growing divide between top-performing cities and those still working back toward pre-pandemic levels.
Colliers has hired the Liles industrial team headed by Ted Liles, an industry veteran with more than 19 years of experience. Liles joined Colliers in Phoenix and brought team member David Perez, now a senior associate at Colliers and Adrea Pringle, who serves as associate vice president and transaction manager. The Liles industrial team members, all of whom previously worked at Cresa, are based in Phoenix.
Prominent industrial leases signed by DHL, LG Energy Solution and TileBar negotiated by top dealmakers from Cushman & Wakefield and Logistics Property Co. are among the first-quarter industrial leases recognized by CoStar.
A prominent land deal handled by the Arizona State Land Department and a multifamily disposition arranged by CBRE are among the top first-quarter property sales recognized by CoStar.
Prominent office leases signed by Concorde Career College, Nonstop Financial and Waymo negotiated by top dealmakers from CBRE and Cushman & Wakefield are among the first-quarter office leases recognized by CoStar.
Prominent retail leases signed by Crunch Fitness, Osaka Marketplace and Marshalls negotiated by top dealmakers from Diversified Partners, Gold State and Lilly Phoenix Investments are among the first-quarter retail leases recognized by CoStar.
Cousins Properties reported one of its most active periods for office space demand not just since the pandemic, but in the company's history as tenants largely throw remote work policies to the curb and compete over dwindling amounts of premium space.