I
n Metro Phoenix, a flurry of commercial real estate deals shook the market in January 2025. According to Vizzda and AZRE magazine's data, these transactions showcase the region's thriving economy.

    1. A $131 million deal saw Goodman Real Estate acquire Town Deer Valley Apartments, a 388-unit complex at 24100 N. 19th Ave., Phoenix.

    2. IMT Residential / IMT Capital snapped up IMT Desert Ridge Apartments for $126 million, adding to their portfolio with this 370-unit property in Phoenix.

    3. Hospitality sector saw a significant move as HSL Properties purchased the Courtyard Hotel and Sheraton Mesa Hotel for $50.25 million, combining two properties totaling 309 units.

    4. Eaton Vance acquired Vistar – Phoenix (Dobbins Industrial Tech Park – Building 5) for $32.25 million, securing a 131,500 SF industrial space in Laveen.

    5. Bright Light Ventures bought Mountainview Marketplace for $22 million, expanding their retail portfolio with this 128,046 SF neighborhood shopping center in Phoenix.

    6. DW Partners and Domain Real Estate Partners partnered to acquire Surprise Foothills Phase 1 & Phase 1B for $20.52 million, securing a 309-acre land parcel in Surprise.

    7. Capital Bay Partners purchased Skyway Commons – Building D for $20.5 million, adding this 135,896 SF industrial space to their portfolio in Surprise.

    8. MC Companies acquired Boulder Creek Apartments for $20.1 million, expanding their multifamily holdings with this 148-unit complex in Phoenix.

    9. Tarantino Properties bought the 19th Avenue and Northern Shopping Center for $17 million, securing a 97,964 SF retail property in Phoenix.

    10. Bridge Investment Group purchased Deserama Mobile Home Community for $16.25 million, adding to their portfolio with this 134-unit age-restricted mobile home park in Mesa.