Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
Phoenix's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
PHOENIX-The 104-unit Maryland Villas complex at 6333 N. 12th St. sells to a first-time Phoenix buyer from Hollywood, CA. A Marcus & Millichap broker meets the buyer at an investment seminar and later introduces him to the deal.
PHOENIX-York International lines up 29,556 sf in the recently completed first phase at the junction of Interstate 17 and 7th Avenue. It moves in Dec. 1 from a Tempe location. Air Tiger, coming from central Phoenix, leases 6,371 sf.
TEMPE, AZ-A California investment company will be courting medical users for its 17,500-sf acquisition at 404 W. Broadway Rd. The location near Tempe St. Luke's Hospital should translate into 100% occupancy, says the broker.
GLENDALE, AZ-The 88-unit complex's ownership changes from a California deed holder to a local one. The upside potential will be realized through some cosmetic changes and hands-on local ownership and management, says the broker.
PHOENIX-Brookwood Financial Partners closes on its first Phoenix deal this year, a 181,629-sf office building. The owner of three other Arizona properties plans to spend up to $100 million in the next 18 months in the state.
PHOENIX-The 483-unit Sunplace Apartments brings in $9.9 million for its Las Vegas seller, who is reinvesting proceeds from multifamily sales into its hotel properties. Bigelow's Desert Star is on the market for $11.9 million.
ALBUQUERQUE-Occupancy stands at 92.4% in a city with 16,825 units in 68 properties. It's a 0.6% drop from fourth quarter 2001 and 1.7% under last year's first quarter total. The slight decline could stall permitting, says RealFacts.
MESA, AZ-Officials are getting ready to unveil the newest changes to the 30,000-sf Desert Vista Medical Center. Crews have been working under a 180-day fast-track schedule. All is on target for the mid-April delivery.
PHOENIX-A Pontiac dealership targets 12,600 sf at Mesa's Superstitions Springs Commerce Center II while an electrical parts distributor lines up 8,025 sf at Pinnacle Peak Commerceplex in Phoenix.
PHOENIX-Westland Title rolls out the first of several offices planned for the Valley. The firm, which has corporate offices at Squaw Peak Corporate Center, signs for a 2,600-sf spot at Lake Biltmore Corporate Center in the city's north submarket