[EXCLUSIVE] Blockbuster Land Deals, February edition

Blockbuster Land Deals

Land DealsWelcome to Dealmaker’s second installment of Blockbuster Land Deals, a monthly report on the top commercial land deals in the Valley, based on filings with the Maricopa County Recorder.

By Philip Haldiman, Editor-in-Chief | Dealmaker

The big news in February was the sale of the University of Phoenix headquarters near Interstate 10 and 32nd Street.

The Class A office space garnered a price tag of $183 million, the largest real estate purchase in the Valley in a number of years, signaling a continued, slow but measured improvement in the local real estate industry. With a number other office complexes making the list, it also shows a fresh interest in Class A office projects.

Apartments continue to trend, but high-end office products could see a big return in the coming months.

In February, about $388 million changed hands in the top 10 commercial real estate transactions, a slight jump compared with the $355 million in January.

Take a look, it’s in a booking – Welcome to Dealmaker’s second edition of Blockbuster Land Deals.

  1. University of Phoenix headquarters in Phoenix, $183M
  2. Lincoln Towne Centre office complex in Scottsdale , $58.85M
  3. Camelback Square office project, $42.35M
  4. Trillium Papago apartments in Phoenix, $36.25M
  5. Black Canyon Corporate Center office complex in Phoenix, $27.1M
  6. Corridors Corporate Center in Phoenix, $21.3M
  7. Augusta Ranch Marketplace retail center in Mesa, $12M
  8. Paradise Falls apartment homes in Phoenix, $11.5M
  9. Interstate Commerce Center in Avondale, $10.2M
  10. Bethany Square Shopping Center in Phoenix, $9.9M

 

 

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