Phoenix

Office vacancy rates continue to inch downward in Phoenix, and with companies announcing plans to add workers, office demand is likely to grow.

Liberty Property Trust sells a five-property 806,000-square-foot portfolio in Phoenix for $255 million.

Hines and Cousins Properties are redeveloping the 2.5-acre former site of the Hayden House in to a modern office complex for Tempe's high demand for office space.

Serendipity Labs, a co-working model that serves corporate customers, is entering the Phoenix market with nine new locations.

While Phoenix has experienced significant growth, lenders are still hesitant to finance projects in the market.

The area along the highly anticipated Loop 202 expansion has attracted investor interest and rising land values.

The Koll Company and Seera Investment Bank B.S.C sell a 1 million-square-foot industrial facility in Phoenix for $98 million after buying it in 2016 for $75 million.

The Phoenix medical office market steamed ahead in the second quarter after an anemic start to the year.