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TEMPE, AZ-In a quick close, a 24,000-sf manufacturing and warehouse building on 4.3 acres of prime urban land changes hands for $700,000 below the $2.3-million asking price. Competition has become fierce among investors for the city's infill tracts.
PHOENIX-A local couple places an unsolicited $1.8-million offer and gets the deed to the Wilshire Place Apartments, a 48-unit complex with a 92% occupancy. The buyers were turning around proceeds from a recent sale in the same submarket.
PHOENIX-Long Technical College is planning an April move of its Downtown campus, doubling the size with a 10-year lease for 19,461 sf of class A office space. The new deal will push occupancy to 60% in the 115,000-sf building.
GLENDALE, AZ-Designs West Home Furnishing picks its third Arizona location, signing a 7,677-sf lease valued at $1.2 million over the seven-year term to take a 61,207-sf retail center to full occupancy less than a year after it was built.
PHOENIX-A California couple trounces the competition with a $5.6-million offer to buy the 184-unit complex in the heart of town. Interest was intense due to the complex's appealing size and price tag.
SCOTTSDALE, AZ-Voters will know by next week if they will get a chance to decide the future of the long-vacant Los Arcos Mall. An appellate court will hear arguments Wednesday as to whether the city or the voters get the final say on the project.
SAFFORD, AZ-After a decade of planning, Phelps Dodge is within three years of starting work on the first copper mines in more than 30 years in the state. The dual mines near the Arizona-New Mexico border include a land swap with the federal government.
PORTLAND-Integra Telecom is one of several prospects eyeing space in the 222,777-sf office building at 1201 Lloyd Blvd., an 11-story structure that's been largely vacant since it delivered nearly two years ago. If snared, the stack of deals would lift occupancy to 50%.
SCOTTSDALE, AZ-The popular Valley consignment shop will open doors by August at Raintree and Loop 101 under a 10-year lease that gives the Tempe-based owner the option to buy the 29,000-sf building.
PEORIA, AZ-A quick lease-up made for an easy acquisition for a Phoenix investment
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.
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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.
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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.
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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.
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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