Scottsdale, Ariz. — Five Star Development has announced plans to break ground on a high-end mixed-use center that will be connected to the $2 billion Ritz-Carlton, Paradise Valley master-planned development in Scottsdale.
Mesa, Ariz. — HFF has arranged $6.3 million in acquisition financing for Marketplace at Signal Butte, a 116,358-square-foot grocery-anchored center located in Mesa.
Cincinnati, Ohio — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has purchased two grocery-anchored shopping centers located in Arizona and Florida.
Litchfield Park, Ariz. — Cushman & Wakefield has arranged the $14.5 million sale of Camelback Crossing, a 94,156-square-foot Bashas’-anchored shopping center located in the Phoenix suburb of Litchfield Park.