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PHOENIX-Taubman Centers will collect $43.5 million more than it paid for the 611,000-sf, open-air center in 1994. Under the announced terms, Macerich will pay $51 million in cash, turn over 811,000 partnership units and assume $77.5 million in debt.
PHOENIX-Fourteen Phoenix offices will serve as a model for a corporate-wide plan to bundle some services under one roof. The move to 55,000 sf in the Great American Tower begins in September.
SCOTTSDALE, AZ-Voit Development spends $3.1 million for 4.5 acres, one of the last remaining tracts in the Scottsdale Airpark. Ground will break in spring 2004 on a four-building, 48,000-sf development.
GILBERT, AZ-Cambridge Filter acquires 8.8 acres in El Dorado Tech Center in a plan to develop a two-building, 110,000-sf manufacturing facility. The first structure will break ground in early 2004.
PHOENIX-Red Bolt, a local electrical firm, swoops in to buy the former headquarters for Super Shuttle before it can come to market. The race to buy is tied to the size of the freestanding building and fenced yard.
CHANDLER, AZ-The 40,000-sf Elliot Square at 1989 W. Elliot Rd. baits 15 to 20 offers with the winning offer coming from a California family trust, who ends up paying just $100,000 shy of the asking price for the Family Dollar-anchored asset.
SCOTTSDALE, AZ-Opus West is adding a 137,000-sf twin at its Northsight development in North Scottsdale. The five-acre project, though coming out as spec, builds in expansion opportunities for the first phase's tenant, JDA Software Group.
CHANDLER, AZ-Art Wholesalers stamps a five-year lease for the lion's share of the industrial building at 6607 W. Boston St. in a near $1.6-million deal put together by CB Richard Ellis and Trammell Crow brokers in Phoenix.
CHANDLER, AZ-Construction kicks off in the fall on McShane Chandler Industrial Park, an eventual four-building project with designs ranging from 57,450 sf to 106,750 sf. The target market will be suppliers to the corridor's high-tech giants.
TUCSON-The 7,466-sf La Cholla center attracts four offers, but Lippow Development Co.'s proven track record and all-cash pledge secure the deed to the fully occupied, three-tenant shopping center in Tucson.
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