Welcome to Dealmaker’s 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
Office space and apartments faced off in March for the top commercial transactions in the Valley.
Following a blistering streak for office space sales last month, transactions continued on a tear during the early part of March with about $176 million in office space sold.
Two Class-A office buildings took the top places in this month’s Blockbuster Land Deals – the Camelback Esplanade III in the Biltmore-area for $74.3 million and the Promenade Corporate Center in north Scottsdale, for $65 million, adjacent to the Promenade Retail Center and Scottsdale Airport.
But apartment sales were neck-in-neck with office sales completing about $179.45 million in multi-family transactions.
So far this year, high-end transactions have increased each month on the Blockbuster Land Deal list, with March peaking so far at $405.45 million in sales.
Take a look!
- Camelback Esplanade III office building, $74.3M
- Promenade Corporate Center in Scottsdale, $65M
- Sale of 72 acres in Chandler, $50M
- Canadian Company pays $48.7M for north valley apartments
- Canadian Company pays $42.5M for north valley apartments
- Apartments in Gilbert, $36M
- 294-unit apartment complex in Phoenix, $33.5M
- Apartments in Mesa, $18.75M
- DC Ranch office complex, $18.7M
- Phoenix high-rise sells for $18M
