Phoenix

Is the Airport Area Emerging as Phoenix’s Top Office Market?

Kelsi Maree Borland |

The vacancy rate in the Tempe-adjacent Phoenix submarket is down 9.3% as new companies plant roots in the market.

Phoenix Job Growth Reaches 10-Year High

Kelsi Maree Borland |

In 2018, the Phoenix job market grew by 3.9%, the fastest rate of growth in the last decade, adding nearly 80,000 jobs.

Features

Chip Clarke Named Transwestern West Region President

Lisa Brown |

Clarke assumes responsibilities for the commercial services business in offices in California, Arizona, Colorado and Washington after a successful three decades of service at Transwestern.

News

Park Hotels & Resorts Continues Disposition Strategy with Phoenix Hotel Sale

John Jordan |

The deal marks the 14th hotel property sold by the McLean, VA-based REIT in the past year as part of its ongoing program of recycling non-core assets.

Secondary Self-Storage Investment Will Stay Hot in 2019

Kelsi Maree Borland |

Las Vegas and the Inland Empire will continue to see ample capital chasing deals in 2019, while Phoenix could start to cool off.

Big Desert Ridge Project Gets Green Light in Phoenix

Kelsi Maree Borland |

Following a decade of litigation, Crown Realty & Development acquires nearly 97 acres of land in Phoenix’s Desert Ridge with plans to develop a new urban core.

Phoenix Healthcare Elevated to Core Market

Kelsi Maree Borland |

With strong leasing activity and rental rate growth this year, the Phoenix medical office market is poised to see an influx of investment capital in 2019.

Phoenix Investments Mature at Record Speeds

Kelsi Maree Borland |

Capital Square 1031 takes a trust offering full cycle in record time, achieving 131% returns.

Phoenix Medical Office Absorption Leads Nation

Kelsi Maree Borland |

Last year, the medical office market in Phoenix recorded record absorption and 4.8% rent growth.

Vacant Retail Now Fodder for Self-Storage Supply

Kelsi Maree Borland |

1784 Capital Holdings is repurposing a vacant restaurant into self storage in Scottsdale, where demand for self storage is growing.