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Deal volume remains strong into the early summer throughout the Southwest market. While all of the markets are seeing strong investment demand, Phoenix continues to shine. The Phoenix market is seeing investment activity across asset classes as well as increased interest from institutional and foreign capital sources. For example, Canada-based Triumph Real Estate Investment Fund purchased Glendale Northwest Center, a 16,706 square foot shopping center located at 18255 N. 83rd Avenue, Glendale and is currently leased at 87.50%. The major food groups have been the most active investment sectors, unsurprisingly, but there is also notable activity in more niche markets. Marcus & Millichap’s net-lease investment team, for example, led by executive directors Jamie Medress and Mark Ruble has closed six net-leased medial office assets in Arizona this year. The total value of the sales is $27.1 million. Here’s a look at this week’s trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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