CRE firms based in California are zeroing in on hot markets in Arizona to expand their industrial portfolios.
The growing list of California-based CRE players queueing up to buy existing properties and sites for new developments in the state next door include several who are planting their flag in Arizona for the first time.
CRE firms based in Southern California, one of the tightest industrial markets in the US, are leading the incursion into the Valley of the Sun region in Greater Phoenix.
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