ColRich expands downtown Phoenix portfolio with second acquisition in 2025

PHOENIX  (November 21, 2025)  – CBRE negotiated the sale of Camden Copper Square, a 332-unit multifamily community located in downtown Phoenix. CBRE’s Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen represented the seller. San Diego-based investment firm ColRich acquired the community for $77 million. Trevor Breaux and Troy Tegeler of CBRE Debt & Structured Finance practice arranged financing for the buyer.

“The community is a prominent asset in Downtown Phoenix with a unique footprint and direct access to the submarket’s employment and nightlife amenities,” said CBRE’s Pesch, vice chairman at CBRE. “Well-located assets with distinct resident appeal are positioned to outperform in the submarket.”

The property’s expansive site plan is divided by 9th Street, with two access points from Van Buren Street and 9th Street. The secure, gated community includes two parking structures, with residents parking on their floor and having direct access to their building. Community amenities include two swimming pool areas with barbecue grills and seating, an outdoor lounge with panoramic views, indoor coworking spaces, a 24-hour fitness center, and a dog park.

ColRich is a real estate, construction, and investment firm focused on value-add residential real estate in strategic locations throughout the Eastern, Western and South Central U.S. ColRich owns 13 multifamily communities throughout metro Phoenix, and this is the company’s second downtown Phoenix acquisition in 2025.

“The community fits perfectly into ColRich’s long-term multifamily strategy, acquiring assets with good floor plans near major employment and at an attractive basis,” said ColRich CEO Danny Gabriel. “Buying a well-maintained asset from a quality operator, along with CBRE’s expertise on the transaction side, was critical in the success of this transaction.”

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 171 properties totaling approximately 58,000 apartment homes across the U.S.

PHOENIX, Ariz. (November 21, 2025) – Urban Land Institute Arizona, in partnership with Ten Across, will convene some of the region’s most influential voices on Tuesday, December 2, 2025, for a fast-paced program tackling the ten most pressing issues facing Metro Phoenix.

From housing and water to energy and public health, the event, “It’s All Connected: Ten Critical Issues. Ten Perspectives. One Valley,” will feature one-on-one conversations with leaders whose decisions and insights are shaping the Valley’s trajectory.

Hosted at the ASU Walton Center for Planetary Health, 777 E. University Drive, Tempe, from 7:30 to 10:00 a.m., the program is designed to inform, entertain, and spark innovative ideas about the interconnected challenges defining the region’s future.

Moderating the event will be Wellington “Duke” Reiter, FAIA, Senior Advisor to the President, ASU; Executive Director, University City Exchange; Founder and Executive Director, Ten Across.

Issues and speakers will include:

• High-End Manufacturing & Data Centers: Brian Harrison, Founder and Managing Partner, Rolling Creek Associates; Former President of TSMC – Arizona;
• Development: Charley Freericks, President, Arizona, Howard Hughes;
• Energy: Bobby Olsen, Associate General Manager & Chief Power System Executive, SRP;
• Heat: Jenni Vanos, Associate Professor, Director of the Human Biometeorology Lab, School of Sustainability, ASU;
• Housing: Ryan Johnson, Co-Founder and Chief Executive Officer, Culdesac;
• Land Economics: Greg Vogel, Founder and Chief Executive Officer, Land Advisors Organization;
• Place: Lorenzo Perez, Co-Founder and Principal, Venue Projects;
• Public Health: Joe Keeper, Chief Financial Officer, COPA Health;
• Transportation: John Bullen, Interim Executive Director and Chief Transportation Officer, MAG;
• Water: Sarah Porter, Director, Kyl Center for Water Policy, Morrison Institute, ASU.

For more information and to register, visit here.

TUCSON, Ariz. (Nov. 20, 2025) —  Tech Parks Arizona proudly announces that The Refinery, the flagship building at the University of Arizona (UA) Tech Park at The Bridges, has earned LEED Silver Certification from the U.S. Green Building Council. This achievement reflects a shared commitment to sustainability and innovation by Tech Parks Arizona and its development partner, The Boyer Company, one of the largest full-service real estate development firms in the Western United States.

The Boyer Company invested more than $30 million to design, develop, and finance The Refinery, engaging local talent to bring the project to life. Together, the teams navigated site evaluations, building design options, ground lease negotiations, tenant agreements, and construction, all while overcoming the challenges of a global pandemic. A LEED (Leadership in Energy and Environmental Design) certification is a globally recognized mark, administered by the U.S. Green Building Council, that verifies a building or project has met rigorous criteria across energy, water, materials, indoor environment, and site development to deliver healthier, more efficient, and sustainable built environments. Achieving this certification highlights the building’s energy-efficient design, responsible for material selection and environmentally conscious construction practices.

“From the beginning, our shared vision with Tech Parks Arizona was to create a space that not only supports innovation but also embodies sustainability and design excellence,” said Matt Jensen, Partner at The Boyer Company. “Earning the LEED Silver Certification is a reflection of that commitment and the collaboration of an incredible team that brought The Refinery to life for the Tucson community.”

Building strong community connections was a priority. Boyer assembled a dedicated development team for this project, partnering with Swaim Architects, CORE Construction, Tech Parks Arizona, and the University of Arizona Planning, Design & Construction.  This collaboration fostered thoughtful site planning, innovative design solutions, and careful budget alignment.

“Achieving LEED Silver certification for The Refinery reflects our commitment to building sustainably and operating with excellence in everything we do,” shared Carol Stewart, Vice President of Tech Parks Arizona. “This milestone demonstrates how we integrate environmental responsibility with innovation, creating spaces that support both the University of Arizona’s mission, the broader community and drive university-based economic development.”

The Refinery opened in April 2022 as a 120,000-square-foot, four-story Class A office building, with half of its space dedicated to University of Arizona programs. Built next to the richest mine—the University of Arizona’s deep resources of talent and research expertise—The Refinery was designed as a place where ideas are refined into technologies and real-world solutions. As a multi-tenant facility, it offers an ideal environment for companies seeking to co-locate with the University and tap directly into its people, discoveries, and innovation ecosystem. To ensure seamless connectivity, the University of Arizona’s free CatTran shuttle system runs regular routes between The Refinery parking lot at UA Tech Park at The Bridges and the main campus, making transportation easy, safe, and accessible for students, faculty, and partners.

Strategically positioned in the heart of Tucson, The Refinery ignited the vision for the UA Tech Park at The Bridges, setting in motion an activation that brought the Mission Integration Lab, SpringHill Suites, and Arizona Public Media’s new campus to life. The 65-acre UA Tech Park at The Bridges is part of a 350-acre mixed-use development featuring retail and entertainment destinations, including Costco, Dave & Buster’s, Cinemark, and Bass Pro Shop (under construction).