Regions Southwest | Phoenix
Tight Money May Kill Pair of Phoenix Developments
June 25, 2008

Two of the Phoenix, Ariz.-based projects may fall prey to the financial woes of Mortgages Ltd., The Arizona Republic reported. At stake is the $100 million Hotel Monroe renovation, and a proposed Jackson Street entertainment district land deal. Both are now looking for alternative financing, according to the paper.

 
Recent Phoenix Headlines
Amazon Leases 513,000-SF Warehouse Outside of Phoenix
Aug. 22, 2008
In an effort to accommodate increasing demand, Amazon.com recently leased a 513,000-square-foot warehouse in Goodyear, Ariz., from Duke Realty.
Four Seasons Walton Street Refinances Four Seasons Hotel
Aug. 22, 2008
Walton Street Capital L.L.C. has refinanced its Four Seasons Resort Scottsdale, in the Phoenix metro area, for $75 million. The funding was provided by HSBC and secured by Jones Lang LaSalle’s capital markets group.
Phoenix Office Property Fetches $9.5M
Aug. 15, 2008
Ownership of Camelwest Plaza at 1951 and 2001 W. Camelback Rd. in Phoenix has changed hands in a deal valued at $9.5 million.
Phoenix Apartment Property Fetches $10M
Aug. 08, 2008
Ownership of Brookside, a 203-unit multi-family property in Phoenix, has just come under new ownership courtesy of a transaction valued at $10.3 million.
Suburban Phoenix Mixed-Use Project Nets $65M Financing
July 31, 2008
With construction starting earlier this year on Park Place, a mixed-use development in the Phoenix suburb of Chandler, Ariz., developer Cybert Hall Partners has gained $65.2 million in financing for the project. Buchanan Street Partners negotiated the financing package on behalf of Cybert Hall.