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The Phoenix market continues to see good news. Additional multifamily and industrial reports show a strong market with the potential for increased growth. Multifamily sales closed strong in the fourth quarter, and Maricopa County became the top spot in the country for population growth, with many residents from California migrating to the area. As a result, many California investors are also planting dollars there as well. The industrial market has also seen an increase in activity. The vacancy rate has now hit 7.8% and there is more than 6 million in new construction underway. To find out more about the Phoenix market and major transactions, as well as other deals in the Southwest region that you may have missed this week in Southern California, Utah, Arizona and Nevada, read on.

Kelsi Maree Borland

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