[EXCLUSIVE] Blockbuster Land Deals, March edition

Blockbuster Land DealsWelcome 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!

  1. Camelback Esplanade III office building, $74.3M
  2. Promenade Corporate Center in Scottsdale, $65M
  3. Sale of 72 acres in Chandler, $50M
  4. Canadian Company pays $48.7M for north valley apartments
  5. Canadian Company pays $42.5M for north valley apartments
  6. Apartments in Gilbert, $36M
  7. 294-unit apartment complex in Phoenix, $33.5M
  8. Apartments in Mesa, $18.75M
  9. DC Ranch office complex, $18.7M
  10. Phoenix high-rise sells for $18M





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