Phoenix Industrial Asset Changes Hands
PHOENIX-Lee & Associates has brokered the sale of an industrial commercial real estate asset in the local market. The 127,680-square-foot building, which is 50% leased, sold for $6.8 million, and is tenanted by Blue Line Foodservice Distribution.
JERSEY CITY, NJ—High-end supply now outpaces demand in many markets, writes Altus Group’s Chuck DiRocco in this EXCLUSIVE commentary.
SAN DIEGO—Gene Ventura, who recently joined Faris Lee Investments after a lengthy and successful development career focused on the Midwest, tells GlobeSt.com you can be anywhere due to the virtual nature of business today.
IRVINE, CA—Coordinating as many as 10 bidders for one apartment sale demonstrates the confidence investors have in the multifamily investment market in Orange County as we continuue into a new year, Colliers’ Patrick Swanson tells GlobeSt.com.
SAN DIEGO—Berkadia’s Ernie Katai discusses the multifamily demand and fundamentals that have helped his firm achieve rapid growth and how the firm is preparing for the year ahead, in this EXCLUSIVE video interview.