Phoenix

Phoenix, a Big Beneficiary of Data Center Surge

Kelsi Maree Borland | September 21, 2018

The national surge of data center activity has helped fuel growth in Phoenix, including a healthy new development pipeline.

Phoenix Has Long Runway Ahead

Kelsi Maree Borland | September 20, 2018

While Phoenix was late to recover after the recession, it will now benefit from an extended runway with growth projected for the next several years.

News

Gilbane Development to Begin $400M in New Student Housing Projects

John Jordan | September 19, 2018

All of the student housing buildings are expected to begin operations by the fall of 2020, with the exception of the Octave at the University of Illinois Urbana-Champaign project, which is scheduled for a fall 2019 occupancy.

News

Mayo Clinic Embarks on $190M Expansion of Rochester Campus

John Jordan | September 19, 2018

The Mayo Clinic is partnering with Singapore-based Pontiac Land on the $190-million project that will also include hotel space.

CapRidge Breaks Into Phoenix Market

Kelsi Maree Borland | September 18, 2018

After years of following the Phoenix market and its strengthening fundamentals, Texas-based CapRidge makes its first buy in the market.

Urban Living Hatches in Secondary Markets

Kelsi Maree Borland | September 14, 2018

Housing Trust Group is breaking leasing records with its new $63 million apartment development Aviva in Phoenix, illustrating a pent-up demand for urban-style living in the market.

Foreign Capital Catches Phoenix Fever

Kelsi Maree Borland | September 12, 2018

Canadian investors have long been active in the Phoenix market, but market growth is attracting new foreign capital players to the market.

News

Real Hospitality, Aspect Partnership Purchase Four-Hotel Portfolio

John Jordan | September 10, 2018

The portfolio consists of 461 rooms and will be managed by RHG. With the acquisition of the portfolio, Real Hospitality Group increases its portfolio of owned and managed assets to 105 hotels in 16 states.

New Apartment Builds Inflate Multifamily Pricing in Phoenix

Kelsi Maree Borland | September 07, 2018

In the second quarter, multifamily pricing increased to an average of $164,000 per unit, compared to $100,000 per unit average in 2017.

How the Watermark Is “Reshaping” the Tempe Skyline

Kelsi Maree Borland | August 29, 2018

The 1.9 million square foot office tower under construction in Tempe is going to be a game changer for the market.

Get Ready For Apartment Portfolio Sales to Pick Up in Phoenix

Kelsi Maree Borland | August 29, 2018

Owners are responding to the deep capital chasing deals in Phoenix by bringing whole portfolio sales to the market.

Phoenix Office, Industrial Investment Sales Spike

Kelsi Maree Borland | August 28, 2018

Office sales climb 40% and industrial sales up 12% over the first quarter as market fundamentals continue to improve.

News

Safety, Income & Growth Inks $105M in New Ground Leases

John Jordan | August 28, 2018

The latest transactions involve the company’s entrance into the Phoenix market and enhancing its presence in San Diego and the nation’s capital.

The Big Benefits of Opportunity Zone Funds

Kelsi Maree Borland | August 27, 2018

Opportunity zones and opportunity zone funds are one of the benefits of the recent tax plan. Why aren’t more investors talking about them?

News

Two Glendale Hotels Trade for $22M

John Jordan | August 21, 2018

The two hotel properties, constructed in 2007 and 2008, sit on 4.5 acres and feature a total of 212 units.

Investors Get Creative to Play in Phoenix’s Industrial Market

Kelsi Maree Borland | August 17, 2018

Local and domestic investors are actively trying to break into Phoenix’s industrial market, the only problem: opportunities are limited.

Value-add Multifamily Investors Rush to Phoenix

Kelsi Maree Borland | August 15, 2018

Rapid rent growth, surging demand and an outdated apartment stock has meant big opportunities for value-add apartment investors.

How Are Developer’s Handling Phoenix’s Industrial Boom?

Kelsi Maree Borland | August 13, 2018

Strong user demand has driven construction activity, but it might also start to drive land and construction costs up.

Phoenix Retail Market Officially Rebounds

Kelsi Maree Borland | August 07, 2018

The Phoenix market was among the hardest hit during the recession, but the retail market has finally returned to pre-recession activity—and it is a good sign of the future.

Is Phoenix Becoming a Tech Hub?

Kelsi Maree Borland | August 02, 2018

The market has added 12,650 tech jobs in the last five years and with a tech job base that makes up 4% of total employment, the market is now ranked #15 for tech jobs.

Ecommerce Users Plant Roots in Phoenix’s Southwest Valley

Kelsi Maree Borland | July 31, 2018

Ecommerce accounts for 39% of all lease transactions, and the Southwest Valley is getting a bulk of the leasing and new development activity.

Harrison Street Buys Century Hall For $27M

Adele Carter | July 28, 2018

"Initially built as a P3, Century Hall plays an important role on ASU Poly’s campus."

News

Four-State Portfolio Shows Industrial's Still Hot

Lisa Brown | July 24, 2018

The 16 industrial and warehouse properties that comprise the industrial portfolio collectively total nearly 3 million square feet across Washington, Nevada, California and Arizona in seven markets.

News

Virtua Partners Launches Tax Reform-enabled Fund

Erika Morphy | June 21, 2018

The fund is designed to invest in the Opportunity Zones created under the Tax Cuts and Jobs Act of 2017.

Middle-Market Digest

Middle Market Digest: This Week in Southwest

Kelsi Maree Borland | May 11, 2018

Here’s a look at this week's trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

Lightstone Expands Credit Facility; Secures LIC Hotel Financing

John Jordan | April 17, 2018

The $35-million acquisition financing and the new $140-million new credit facility for the Lightstone Value Plus REIT II was provided to the New York City-based real estate investment and development firm by Western Alliance Bank of Phoenix.

Middle-Market Digest

Middle Market Digest: This Week in Southwest

Kelsi Maree Borland | February 23, 2018

Here’s a look at this week's trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

Event Coverage

Healthcare Panelists Say “Timeshare Exception” Makes Sense in Tertiary Markets

Natalie Dolce | December 15, 2017

Panelists at RealShare Healthcare discuss how recent Stark law amendments will make it easier for physicians to share space, and for hospitals to provide space, equipment, and services to visiting specialists.

Event Coverage

Healthcare Is All About the Patient Experience

Natalie Dolce | December 13, 2017

Panelists at RealShare Healthcare’s shifting space needs panel say that those that are successful in the MOB space are the ones that cater to the patient.

Sale-Leaseback Part of State Farm Strategy

Lisa Brown | December 13, 2017

The sale-leaseback structure has benefited both parties with steady cash flows generated from the long-term lease with State Farm and stable, long-term ownership and management for the tenants.

Event Coverage

Healthcare Consolidation, Efficiency Expected to Continue

Natalie Dolce | December 11, 2017

Panelists at RealShare Healthcare say that technology has opened the door to more out-patient procedures.

Event Coverage

Healthcare Market is Tight But Not Unworkable

Natalie Dolce | December 08, 2017

On a risk adjusted basis, healthcare real estate is less expensive than some of the other food groups, but that gap is narrowing, say panelists at RealShare Healthcare.

Event Coverage

Wants and Needs of Patient Care Are Changing

Natalie Dolce | December 08, 2017

One of the takeaways from the opening fireside chat at RealShare Healthcare on Thursday was that, based on the wants and needs of patient care, there will soon be many more facilities built in rural communities.

Event Coverage

What Can the Industry Do to Fix Healthcare’s Big Problem?

Natalie Dolce | December 04, 2017

In part two of this exclusive healthcare discussion in preparation for this week’s RealShare Healthcare event, Jason Signor, CEO of Caddis, talks about how to make an impact in lowering societal cost.

Event Coverage

Is the Real Problem in Healthcare Coming?

Natalie Dolce | December 01, 2017

The real healthcare cost problem has not even gotten here yet, explains Jason Signor, CEO of Caddis, in preparation for the upcoming RealShare Healthcare conference, to be held next week in Scottsdale.

Event Coverage

Hospital, Traditional Clinic or Retail Location?

Natalie Dolce | November 30, 2017

Panelists at the upcoming RealShare Healthcare conference say that hospitals and doctors, strive to provide the right care, at the right time, in the right place and at an affordable price that is relevant to the patient/customer and plan to discuss how that all intertwines.

Event Coverage

2018 Expected to Be Good Year for Healthcare Market

Natalie Dolce | November 29, 2017

According to panelists who will speak at the upcoming RealShare Healthcare conference in Scottsdale, AZ, despite strain on the insurance markets, experts expect good things ahead.

If Millennials Like Hotels, Will Boomers Follow?

Lisa Brown | November 14, 2017

With 84 million millennials and 78 million Baby Boomers, hotels have ramped up brands and concepts geared specifically to the younger set, and Hilton and Marriott brands are some of millennial favorites.

Event Coverage

Single Hotel Operations Issue is Talent

Lisa Brown | November 07, 2017

In a session last week at the Lodging Conference, A View from the Top, panelists talked about the role of loyalty, tech, talent, overall brands, markets to watch and hotel security within the hospitality structure.

Construction Costs Going Up in Many Markets

Brian J. Rogal | August 23, 2017

Costs in Chicago are going up the fastest of the major cities studied by Mortenson Construction.

News

HTA Closes More Than $2.6B in 2Q Investments

Natalie Dolce | July 13, 2017

As of the end of the second quarter, HTA had closed the majority of the $2.75-billion Duke Realty medical office building portfolio that was revealed in May 2017.

Thought Leadership

Park It Here: Driverless Cars and the Office Market

John Salustri | April 18, 2017

PHOENIX—The future is coming at us at a breakneck pace—and it’s riding in a driverless vehicle. What will that mean for the office market? Lee & Associates’ Andrew Cheney gives us a peek.

The Benefits of CRE Asset Portfolio Optimization Services

Natalie Dolce | February 02, 2017

PHOENIX—Curious how executives can accurately survey, analyze and configure their asset portfolios and facilities for maximization of yield and return, as well as understand the asset portfolios and facilities that are components of M&A transactions? One source takes a closer look in this EXCLUSIVE Q&A on the subject.

Event Coverage

Healthcare Space, By the Numbers and What the Future Holds

Natalie Dolce | December 16, 2016

SCOTTSDALE, AZ—Medical office vacancy rates hit a low this year and finally broke under 8% nationally said sources at this year’s RealShare Healthcare Real Estate conference, who also touched on President-elect Trump’s pledge to repeal and replace Obamacare.

Event Coverage

Real Estate’s Play in the Total Wellness Experience

Natalie Dolce | December 14, 2016

SCOTTSDALE, AZ—Contract rehab plays an important role in the wellness continuum said speakers at last week’s RealShare Healthcare Real Estate Conference.

Event Coverage

2016 HREI Insights Awards Winners Revealed

Natalie Dolce | December 13, 2016

SCOTTSDALE, AZ—Healthcare Real Estate Insights magazine presented this year’s awards at RealShare’s Healthcare Real Estate conference last week.

Event Coverage

Experts: Healthcare Going Retail Is Not a Fad

Natalie Dolce | December 13, 2016

SCOTTSDALE, AZ—The popularity of minute clinics and urgent care centers popping up on retail’s cherry corners won’t stop anytime soon say panelists at RealShare Healthcare Real Estate.

Event Coverage

Will IT Be the Next Big Healthcare Boom?

Natalie Dolce | December 12, 2016

SCOTTSDALE, AZ—Site selection processes and MACRA are among the key drivers in the healthcare space and are changing the terms of physician reimbursement. Speakers at RealShare Healthcare Real Estate took a closer look.

Event Coverage

Healthcare Increases Its Emphasis on Efficiency

Natalie Dolce | December 12, 2016

SCOTTSDALE, AZ—Speakers at RealShare Healthcare Real Estate review trends in the continuum of care and how developers are responding to the needs of the end users: patients/families, providers and healthcare organizations.

Event Coverage

Chinese Investors Become More Aggressive on Healthcare Assets

Natalie Dolce | December 09, 2016

SCOTTSDALE, AZ—According to sources at RealShare Healthcare Real Estate, in the medical office sector, competition has increased for higher quality assets and there has been more of a portfolio premium.