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TUCSON-Bourn Partners uses equity from CalPERS and a Sun Life loan to buy 5151 E. Broadway Blvd., 247,075 sf of class A space with upside in a 23% vacancy. Up against eight others jockeying for the deed, the new owner's local presence helps sway the call.
PHOENIX-Mayest Wholesale Florist of L.A. buys a 14,591-sf spec shell in Deer Valley to set up a distribution point for in-state customers and some as far away as Las Vegas. The family-owned company eyes a third-quarter move-in.
PHOENIX-GNC Corp. clears a $4.3-million payout for a 10-year lease to hold tight to a regional distribution center in the metro's southwest submarket. A market comparison and the building owner's plan for retention keep the 8.5-year tenant in place.
TEMPE, AZ-Concord Eastridge lands its first major competition, a 13-acre project laced with academic, retail and residential product. The two-month-old firm was up against two other developers for the prized contract for the Arizona Arts and Business Gateway.
PHOENIX-Willing to assume a $2.3-million loan, the Culver City, CA investor puts down close to $4.6 million for the Shops at 38th Street, a 23,030-sf retail center located near the Camelback Corridor.
SCOTTSDALE, AZ-Western Security Bank has moved into 8,280 sf of class A office space with a 39-month lease, pulling one division from the headquarters location. The deal, with a $328,680 payout over the term, takes the 66,057-sf building to full.
SCOTTSDALE, AZ-The Pederson Group outbids its peers at a state auction for a 22-acre tract in North Scottsdale. The deal sets in motion a $15-million plan for a neighborhood shopping center with a late 2005 delivery date.
PHOENIX-Ground breaks tomorrow on $8 million to $10 million of infrastructure work for the estimated $75-million first phase, a mix of 250,000 sf of office space and 350,000 sf of industrial product on land leased for 65 years from the Pima Tribe.
CHANDLER, AZ-Ending an eight-year hold, Sun Life Financial Inc. hands over the title to the 159,079-sf Sun Village Fair along North Alma Road to PDG America, a Phoenix-based investment group on a retail shopping spree in the metro.
PHOENIX-In an off-market deal, the State Bar of Arizona lands a 68,710-sf office building in the Camelback corridor for $8.4 million. The multi-tenant building's occupancy peaks to nearly full when the association makes its November move.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource